Sinus is also called as chronic rhinosinusitis; it is a condition in which cavities around nasal known as (sinuses) get inflamed and swollen for weeks. The people suffering from sinus may have symptoms such as nasal block, tenderness, swelling of the face, sore throat, nausea, fatigue or irritability, and pain in jaw and teeth.
The Sinus Dilation Devices Market is expected to witness tremendous growth owing to the rising demand for balloon sinuplasty or sinus dilation compare to conventional sinus surgeries, rising cases of bacterial infection and increasing adoption of sinus dilation devices for sinusitis. The sinus dilation devices market was estimated at USD 3,326 million in 2016 and expected to reach USD 5,778 million by 2023 at a CAGR of 8.1% from 2017 to 2023.
However, factors such as risks associated with the sinus surgery, low adoption of new advance devices related to sinus treatment may hinder the market growth during the forecast period.
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Sinus Dilation Devices Market Segmentation
The Global Sinus Dilation Devices Market is segmented on the basis of product, procedure, by patient type and end-user.
The sinus dilation devices market, by product, is segmented into
- sinus stents
- balloon dilation
- functional endoscopic sinus surgery (FESS) instruments set
- handheld instruments.
The endoscope is sub-segmented into
By procedure, the market is segmented into
- hybrid sinus dilation procedure
- standalone sinus dilation procedures
Based on patient type, the market is segmented into
Based on end-user, the market is segmented into
- ENT clinics
- diagnostic centers
- research centers
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Sinus Dilation Devices Market Regional Analysis
The Americas leads in the market owing to the increasing prevalence of rising incidence of bacterial infection, increasing research & development in sinus dilation devices and growing healthcare expenditure. According to the Centers for Disease Control and Prevention March 2017, data 11.0% of adults were diagnosed with sinusitis in the US. The increasing incidences of sinusitis support the sinus dilation devices market positively.
Europe is the second largest sinus dilation devices market during the forecast period. The increase in the prevalence of chronic sinus and increasing expenditure for sinus treatment may support the market growth. According to the National Center for Biotechnology Information 2017, the occurrence of chronic sinusitis in Europe and North America has been projected to be between 6% and 11%. It was also reported that around two-thirds of patients getting secondary care chronic sinusitis have nasal polyps. The increasing prevalence of chronic sinus supports the market growth in this region.
Asia-Pacific was estimated to be the fastest growing region for the global sinus dilation devices market in 2017. The market is expected to witness high growth owing to the rising prevalence of demand for sinus dilation over conventional sinus surgeries and increasing advance technology.
The Middle East and Africa holds the lowest share for sinus dilation devices market. However, the rising health care awareness programmers and availability of healthcare facilities are expected to influence the market in a positive way.
Sinus Dilation Devices Market Key Players
Some of the key players in the global sinus dilation devices market are
- Sklar Surgical Instruments (US)
- Accurate Surgical & Scientific Instruments (USA)
- Bausch & Lomb Incorporated (US)
- Entellus Medical Inc. (US)
- Acclarent Inc. (US)
- Medtronic plc (Ireland)
- Smith & Nephew plc (UK)
- Intersect ENT Inc. (US)
- Olympus Corporation (Japan)
- Meril Life
- Sciences Pvt. Ltd. (India)
- SinuSys Corporation (US)
- Jilin Coronado Medical Ltd
Table of Content
Chapter 1. Sinus Dilation Devices Market Report Prologue
Chapter 2. Sinus Dilation Devices Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Sinus Dilation Devices Market Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Sinus Dilation Devices Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Sinus Dilation Devices Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
To Be Continued…………………
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