The global Sinus Dilation Devices market size is expected to be worth around US$ 4.6 billion by 2030, according to a new report by Vision Research Reports.
The global Sinus Dilation Devices market size was valued at US$ 2.79 billion in 2020 and is anticipated to grow at a CAGR of 9.9% during forecast period 2021 to 2030.
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.
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.
The product segment is divided into balloon sinus dilation devices, sinuscopes, rhinoscopes, sinus stents/implants, FESS instrument sets, and others. Balloon sinus dilation devices held the largest share of the global market in 2020. They are used for balloon sinuplasty, a non-surgical procedure for the treatment of chronic sinusitis.
This growth was attributed to the increased prevalence of chronic sinusitis and the adoption of balloon sinuplasty procedures. Moreover, preference for these over traditional surgeries also contributed to the segment growth. The segment is projected to expand further over the next few years on account of advancements in surgical procedures.
Based on the procedure, the global market is bifurcated into stand-alone and hybrid procedures. Standalone procedures held the major share of the market in 2020. The most widely performed stand-alone procedures include BSOD and FESS. These procedures are used for treating chronic sinusitis. According to the International Forum of Allergy & Rhinology (2017), in the U.S., the use of balloon sinuplasty stand-alone procedure has increased from 5% in 2011 to 22.5% in 2014. The report further states that in 2014, around 67.9% of stand-alone FESS procedures were performed.
Based on the application, the market has been divided into adult and pediatric patients. The adult segment held the maximum share of this market in 2020 as a result of a rise in the prevalence of sinusitis among adults. Also, growing healthcare expenditure levels coupled with rising awareness about the treatments of chronic rhinosinusitis will further boost the growth of this segment. According to a survey conducted by the Centers for Disease Controls and Prevention, viral sinusitis was more common among adults than it is in children, i.e. 9 out of 10 cases in adults were observed in the U.S.
Based on end-uses, the market is categorized into hospitals, ENT clinics/in office, and Ambulatory Surgical Centers (ASCs). The ENT clinics/in office segment is anticipated to be the fastest-growing segment over the coming years. On the other hand, the hospital segment will account for the maximum market share over the forecast period.
This growth can be attributed to the rise in the number of surgical procedures performed in these settings and the availability of favorable reimbursement policies. Rapidly improving infrastructure facilities and healthcare expenditure in developing countries, such as India, Mexico, Brazil, China, will further fuel the growth of the hospital segment. For instance, according to The World Bank data, in 2015, health expenditure as a share of total GDP was 8.4% for Brazil.
North America held the major share of the global sinus dilation devices market in 2020. It is estimated to expand further in the years to come. Efforts by key companies to expand product portfolio and ensure high-quality standards are expected to boost the demand for sinus dilation devices across the region. For instance, in July 2016, Acclarent, Inc. introduced a multi-sinus dilation system RELIEVE SCOUT, in the U.S. market.
However, Asia Pacific is anticipated to register the fastest CAGR during the forecast period. This is mainly due to the presence of a large patient pool. According to the study conducted by the Indian Council of Medical Research (2017), approximately 15% population of India was found to be affected by chronic sinusitis in 2016. Also, the rising adoption of technologically advanced products and minimally invasive procedures due to the penetration of the healthcare insurance system will drive the segment growth.
Medtronic PLC; Smith & Nephew PLC; Acclarent, Inc.; Intersect ENT, Inc.; Entellus Medical, Inc.; Olympus Corporation; and SinuSys Corporation
Balloon Sinus Dilation Devices
Functional Endoscopic Sinus Surgery (FESS) Instruments Set
Ambulatory Surgery Centres
Middle East & Africa
The Sinus Dilation Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Sinus Dilation Devices market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Sinus Dilation Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sinus Dilation Devices market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sinus Dilation Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Sinus Dilation Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Sinus Dilation Devices by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sinus Dilation Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Sinus Dilation Devices market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Sinus Dilation Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Sinus Dilation Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Sinus Dilation Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sinus Dilation Devices market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sinus Dilation Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sinus Dilation Devices market. These factors have benefited the growth of the global market for Sinus Dilation Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sinus Dilation Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Sinus Dilation Devices are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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