According to a report ,” Sinus Dilation Devices Market Size, Share & Trends Analysis Report By Product, By Procedure (Standalone, Hybrid), By Application (Adult, Pediatric), By End Use (ENT Clinics, Hospitals), And Segment Forecasts, 2018 – 2025″, published by Grand View Research, Inc., The global sinus dilation devices market size is expected to reach USD 3.6 billion by 2025 ,progressing at a CAGR of 8.9% during the forecast period. The market is driven by rising prevalence of chronic sinusitis. Moreover, increasing adoption of minimally invasive procedures owing to favourable reimbursement scenario is projected to augment the market growth. For instance, according to the Centers for Disease Control and Prevention in 2017, 26.9 million adults in U.S. were diagnosed with sinusitis, which was around 11.0% of the adult American population then.
Key Takeaways from the report:
Balloon sinus dilation devices held the largest share in the past due to their greater acceptance and advancements in sinus surgical procedures
Standalone procedures held major share of the global sinus dilation devices market in 2017 owing to the higher success rate of revision surgeries
The hospitals end-use segment held the major share of the market in 2017
Asia Pacific is likely to exhibit the fastest growth during the forecast period owing to increasing awareness about surgical procedures of sinus
Increased disposable income, presence of target population, and improving healthcare infrastructure, and improvement in patient are also estimated to drive the regional market
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North America was the dominant regional market for sinus dilation devices in 2017. The growth of this region was mainly due to the presence of a large number of key companies. Technological developments pertaining to sinus dilation devices by leading companies is expected to augment the North America and Europe market growth. In addition, mergers and acquisitions, new product development, and geographical expansion are other key strategies adopted by companies to increase their market penetration. For instance, in June 2015, Entellus Medical, Inc. launched XprESS LoProfile Multi-Sinus Dilation System in Europe. These surgical tools were equipped with multi-functional system, which combined balloon dilation with irrigation, suction, and image guidance.
Grand View Research has segmented the global sinus dilation devices market on the basis of product, procedure, application, end use, and region:
Sinus Dilation Devices Product Outlook (Revenue, USD Million, 2014 – 2025)
Balloon Sinus Dilation Devices
Sinuscopes
Rhinoscopes
Sinus Stents/Implants
Functional Endoscopic Sinus Surgery (FESS) Instrument Sets
Others
Sinus Dilation Devices Procedure Outlook (Revenue, USD Million, 2014 – 2025)
Standalone
Hybrid
Sinus Dilation Devices Application Outlook (Revenue, USD Million, 2014 – 2025)
Adult
Pediatric
Sinus Dilation Devices End-use Outlook (Revenue, USD Million, 2014 – 2025)
Hospitals
ENT Clinics/In Office
Ambulatory Surgical Centers (ASCs)
Sinus Dilation Devices Regional Outlook (Revenue, USD Million, 2014 – 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
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