The global sinus dilation devices market held US$ 1,484.7 Mn in 2017 and expected to grow at compound annual growth rate (CAGR) of 8.8% during the forecast period from 2018 to 2026. The global sinus dilation devices market is majorly driven by growing prevalence of chronic sinusitis and incidences of acute sinusitis. For instance, Sinusitis affects one is seven adult in the U.S. and diagnosed in 31 million patients each year. According to U.S. national survey 2013, chronic rhinosinusitis is estimated to affect 12.5% to 15.5% of the total U.S. population. Thus growing prevalence of sinusitis is driving the market growth of sinus dilation devices. The patients and medical practitioners are opting for minimally invasive surgical procedures. This has certainly led to product innovations and technological advancements in the sinus surgeries and sinus dilation devices. Sinusitis drugs are the first line of treatment for sinus infections, hence it acts as a barrier for sinus dilation devices market. However, with the advent of minimally invasive surgeries, there is a growing preference for these surgeries for chronic sinusitis due to easy recovery, lower hospitalization cost and long term treatment, thereby assisting the growth of the market. Developed countries have a higher market share in the sinus dilation devices market due to better availability of the devices, efficient reimbursement scenario and advanced healthcare facilities. However, developing regions such as Asia Pacific and Latin America is poised to grow during the forecast period owing to growing awareness, high incidence of sinusitis due to growing environmental pollution in countries like India and China, and developing healthcare infrastructure will drive the market. 

"Balloon Sinus Dilation Devices to Drive the Sinus Dilation Devices Market"

In 2017, balloon sinus dilation devices held the lion’s share in the global sinus dilation devices market. The higher adoption of the device is attributed to its minimal invasiveness, higher efficiency and flexibility during surgical procedure. Growing procedure of balloon sinuplasty will further augment the growth of the segment during the forecast period. Sinus implants and functional endoscopic sinus surgery (FESS) instrument are projected to exhibit significant growth during the forecast period. Device integration for enhanced surgical outcomes will be the focus of the manufacturers, thereby driving the market.

The key players currently engaged in sinus dilation devices market include Medtronic Plc, Smith & Nephew Plc, Acclarent, Inc., Olympus Corporation, SinuSys Corporation, and Entellus Medical among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sinus Dilation Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Sinus Dilation Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Sinus Dilation Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Sinus Dilation Devices market?
• Which is the largest regional market for Sinus Dilation Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Sinus Dilation Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Sinus Dilation Devices market worldwide?