Global Sinus Dilation Devices Market Forecast to 2030
The global sinus dilation devices market size was USD 1.98 Billion in 2021 and is expected to register a revenue CAGR of 11% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is primarily driven by factors such as significant improvements in biomedical technologies and replacement of traditional procedures owing to development of superior surgical techniques. Modern sinus surgery techniques allow for minimum ablation and have fewer negative effects attributed to technological advancements such as surgical laser technologies. As a result of quicker turnaround times, these therapies can be performed in outpatient settings.
The report requires an organized database of the Sinus Dilation Devices market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Sinus Dilation Devices market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
In addition, high preference for minimally invasive procedures, advantageous reimbursement scenarios, growing knowledge of balloon advantages of sinuplasty over other traditional techniques, and prevalence of chronic sinusitis are also expected to drive revenue growth of the market. Rise in incidence of rhinosinusitis, both acute and chronic, is rising demand of ultra-modern sinus dilation devices. Moreover, rising incidence of sinusitis among population, throughout the world, is generating significant demand for novel and disruptive innovations in surgical devices that can operate and redress sinus-based debilities. Furthermore, market revenue growth is also expected to be driven owing to benefits of balloon sinuplasty over conventional treatment alternatives and rising popularity of minimally invasive procedures.
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Competitive Terrain:
The global Sinus Dilation Devices industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Olympus Corporation, Johnson & Johnson Services, Inc., Stryker, Smith&Nephew, Medtronic, Dalent Medical, Intersect ENT, Inc., Meril Life Sciences Pvt. Ltd., Jilin Coronado Medical Apparatus Co., Ltd., WOLF, and SinuPulse
Research Report on the Sinus Dilation Devices Market Addresses the Following Key Questions:
- Who are the dominant players of the Sinus Dilation Devices market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Sinus Dilation Devices market?
- What are the key growth drivers and restraining factors of the Sinus Dilation Devices market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Sinus Dilation Devices market and its key segments?
Market Overview:
The report bifurcates the Sinus Dilation Devices market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Balloon Sinus Dilation Devices
- Endoscopes
- Sinus Stents/Implants
- Others
- Procedure Outlook (Revenue, USD Billion; 2019-2030)
- Standalone
- Hybrid
- Small Disease
- Others
- End-use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- ENT Clinics
- Ambulatory Surgical Centers (ASCs)
- Others
Regional Landscape section of the Sinus Dilation Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The balloon sinus dilation devices segment accounted for largest revenue share in 2021. This is due to sinusitis devices compact design, reliability, versatility, and efficiency at reducing sinusitis symptoms. The sinus dilation treatment does not require tissue ablation, as a result of which, the patient recovers quickly and feels at ease. It is an alternative to typical Functional Endoscopic Sinus Surgery (FESS) balloon treatment that is less invasive.
- The standalone sinus dilation devices segment accounted for largest revenue share in 2021. This is due to rising use of standalone Balloon Sinus Dilation (BSD) for treating chronic rhinosinusitis. A minimally invasive trans nasal procedure called standalone BSD is used to treat frontal, maxillary, or sphenoid sinus outflow restriction, which entails rearranging tissue and increasing organic drainage channels.
- The hospitals segment accounted for largest revenue share in 2021. This is due to rising number of sinusitis-based and other naso-surgical devices being introduced in hospitals. In addition, increased incidence of chronic sinusitis and favorable reimbursement criteria are expected to drive revenue growth of this segment. Moreover, ability to perform complex sinus treatments as well as availability of technologically advanced medical equipment and infrastructure are also expected to drive market revenue growth.
- The North America market accounted for largest revenue share in 2021. Tis is due to increasing presence of a highly regulated and sophisticated healthcare system. In addition, the market is expanding owing to accessibility of cutting-edge products brought on by presence of significant industry competitors.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Sinus Dilation Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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