Product Code: RP-ID-10347026 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10347026
Market Overview:
Global Sinus Dilation Devices Market Outlook 2028
Global Sinus Dilation Devices Market Analysis 2019-2028
Sinus dilation devices are primarily being used in hospitals, ambulatory surgical centers, ENT clinics or in office-based settings to dilate the sinus during sinus infection, in order to clear the blocked sinuses. The global sinus dilation devices market is anticipated to grow with a CAGR of 7.98% during the forecast period, i.e., 2020-2028. Factors such as increasing incidences of chronic sinusitis (CNS) globally, increasing collaborations between companies for the research and development of new products, and the increasing number of product launch in the recent years are anticipated to promote the growth of the global sinus dilation devices market. Additionally, factors such as the increasing prevalence of sinusitis, increasing preferences for minimally invasive surgical procedures and equipment and the advancements in sinus dilation devices are anticipated to drive the market growth in the coming years.
The global sinus dilation devices market consists of segments that are segmented by patient type, product type, balloon diameter, procedure, end-user, and by region. The balloon diameter segment is further divided into less than 5mm, 5-10mm, and greater than 10mm. Out of these segments, the segment for less than 5mm in the global sinus dilation devices market is projected to hold the largest market share, backed by the increasing application of less than 5mm balloon sinuplasty devices in pediatric patients.
Based on region, the global sinus dilation devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in North America is projected to reach USD 1108 million by the end of 2028. Factors such as the increasing healthcare expenditure in the region, which is projected to accelerate the R&D activities and help in the development of advanced treatment modalities offering effective results, is anticipated to drive the growth of the market in the region.
Some of the prominent industry leaders in the global sinus dilation devices market are Acclarent, Inc., Stryker, Medtronic, InnAccel Technologies Pvt. Ltd., Meril Life Sciences Pvt. Ltd., Dalent Medical, Smith & Nephew, Intersect ENT, Inc., Olympus America, and Coronado Medical.
Acclarent, Inc., Stryker, Medtronic, InnAccel Technologies Pvt. Ltd., Meril Life Sciences Pvt. Ltd., Dalent Medical, Smith & Nephew, Intersect ENT, Inc., Olympus America, and Coronado Medical
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