Sinus Dilation Market Business Opportunities and Growth Challenges Report
According to our new research study on “Sinus Dilation Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product, Procedure Type, End User, and Geography,” the global sinus dilation market size is expected to reach US$ 3,859.75 million by 2027 from US$ 1,918.73 million in 2019; it is estimated to grow at a CAGR of 9.3% during 2019–2027. The report highlights trends prevailing in the market and factors driving its growth. The sinus dilation market growth is attributed owing to growing need for surgical procedures to treat sinusitis, growing benefits of balloon sinuplasty/sinus dilation over conventional sinus surgeries, prevalence of favorable reimbursement policies. However, the high cost of sinus dilation procedure may hinder the market growth.
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Growing Need for Surgical Procedures to Treat Sinusitis Fuel Sinus Dilation Market Growth
According to the National Health Interview Survey for 2018, 11.2% of people are affected by sinusitis in the US. Similarly, according to the American Laryngological, Rhinological, and Otological Society, Inc.’s data for 2019, the number of surgeries conducted to treat sinusitis increased to 18,164 in 2016 from 15,509 in 2012. Also, the number of balloon procedures performed increased to 25,640 in 2016 from 5,603 in 2012. Thus, the increasing number indicates that balloon sinuplasty is preferred among the patients as it has shown improved outcomes. Rising environmental concerns, such as climatic changes and pollution, are responsible for the growing number of chronic sinusitis cases. Additionally, lifestyle changes are contributing to the rising incidences of sinusitis. For instance, it is estimated that more than 135 million people in India have chronic sinusitis. Likewise, the incidences of sinus cancer in Germany are increasing. According to the data of the Munich Cancer Registry published in January 2020, there were 724 diagnosed sinuses cancer cases from 1998 to 2018. With these growing cases of sinusitis, surgical procedures are also increasing. Thus, this rising demand for surgical procedures is leading the sinus dilation market growth.
Sinus Dilation Market: Segmental Overview
Product-Based Insights
The global sinus dilation market, based on product, is segmented into endoscopes, balloon sinus dilation devices, sinus stents/implants, and handheld instruments. The balloon sinus dilation devices held the largest share in 2019. However, the sinus stents/implants segment is expected to witness the highest growth from 2019 to 2027.
Procedure Type -Based Insights
The global sinus dilation market, based on procedure type, is bifurcated into standalone sinus dilation procedures and hybrid sinus dilation procedures. The standalone sinus dilation procedures held a larger share in 2019. Standalone balloon dilation has proven to be an effective and beneficial alternative to the standard functional endoscopic sinus surgery for patients with certain types of chronic sinusitis that have failed conservative medical antibiotic management. Some of the advantages are reduction of symptoms, reduction of episodes of infectious sinusitis, and need for surgical revision at one year. However, the hybrid sinus dilation procedures segment is expected to witness a higher growth from 2019 to 2027.
End User-Based Insights
The global sinus dilation market, based on end user, is segmented into hospitals, ambulatory surgical centers, and ENT clinics. The hospitals segment held the largest share in 2019 and is expected to witness lucrative growth from 2019 to 2027.
Sinus Dilation Market: Competitive Landscape and Key Developments
Medtronic; Smith & Nephew; Johnson and Johnson Services, Inc.; Stryker Corporation; Intersect ENT, Inc.; Dalent Medical; InnAccel Technologies Pvt Ltd.; Olympus Corporation; SinuSys Corporation; and AED.MD are among the leading companies in the sinus dilation market. The sinus dilation market share is anticipated to flourish with the development of new innovative products by market players.
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