Sinus Dilation Devices Market
Number of pages: 100 | Report Format: PDF | Published date: 17 February, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 1.9 billion |
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Revenue forecast in 2030 |
US$ 4.78 billion |
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Growth Rate |
CAGR of 10.8% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Historical Year |
2020 |
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Segments covered |
Product Type, Procedure, End User, and Region |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global sinus dilation devices market was valued at US$ 1.9 billion in 2021 and is expected to register a revenue CAGR of 10.8% to reach US$ 4.78 billion by 2030.
Market Fundamentals
Sinus is a medical condition in which the nasal tube cavities become inflamed. Allergies or bloodless conditions can cause acute sinusitis. It can be brought on by a sinus infection or swelling of the tissues lining the sinuses. To treat nasal sinus drainage problems or sinusitis, medical equipment called sinus dilation devices are utilized to enlarge the sinus apertures in a patient's nose. Sinus dilation devices are a unique type of medical device which can be used to treat sinus infections. These devices work by using gentle pressure to expand the sinuses, allowing more air to flow in and out of them. This helps to reduce inflammation and improve the drainage of mucus. In addition, the devices can help reduce pain and discomfort associated with sinus infections. The devices are easy to use, and do not require any special training or equipment. They are also relatively inexpensive and can be purchased over the counter. Sinus dilation devices are used to treat sinusitis, a condition in which the sinuses become inflamed and swollen. There are several types of sinus dilation devices, including balloon sinus dilation devices, endoscopic sinus dilation devices, and powered sinus dilation devices. Balloon sinus dilation devices use a small, flexible balloon to dilate the sinuses. These devices are inserted into the sinuses through the nose and are then inflated to dilate the sinuses.
Endoscopic sinus dilation devices use an endoscope, which is a thin, flexible tube with a light and a camera on the end, to dilate the sinus. These devices are inserted into the sinuses through the nose and are then used to guide a small, flexible balloon to dilate the sinus.
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Market Dynamics
The global sinus dilation device market is expected to exhibit significant growth during the forecast period, owing to technological advancements in sinusitis treatment. In addition, the rise in sinusitis cases—which could result in more sinus surgeries—and the widespread use of minimally invasive surgical techniques are major market growth drivers. The main drivers of the global sinus dilation devices market growth are the high preference for minimally invasive procedures, favorable reimbursement scenarios, growing knowledge of balloon sinuplasty's advantages over other traditional techniques, and the prevalence of chronic sinusitis. By displacing conventional methods, the development of improved surgical techniques contributes to an increase in market dynamics. In sinus surgery, technological advances such surgical laser technologies enable minimal ablation and have fewer adverse effects. These treatments can be carried out in outpatient departments due to shorter turnaround times.
The market growth is anticipated to be constrained by the risks related to sinus surgical operations and the low acceptance of surgical techniques because of the availability of substitute medications for sinusitis. On the other hand, prominent companies' significant efforts in the development of cutting-edge products and the high growth potential of emerging nations like China and India are anticipated to open up profitable chances for market players.
The global sinus dilation devices market has been analyzed from four perspectives: Product Type, Procedure, End User, and Region
Sinus dilation devices Market by Product Type
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Based on product type, the global sinus dilation devices market has been segmented into, balloon sinus dilation (BSD) devices, functional endoscopic sinus surgery (FESS) instruments, sinus stents, and rhinoscopes.
The balloon sinus dilation (BSD) devices segment accounts for the largest revenue share in the global sinus dilation devices market. The balloon sinus dilation (BSD) procedures are risk-free, compact, adaptable, and successful in reducing sinusitis symptoms. Because the sinus dilation treatment does not include tissue ablation, it has a rapid recovery period and is comfortable for the patient. BSD treatments, however, are transient, and patients might need to undergo them again. On the other hand, due to an increase in rhinoscope usage, the rhinoscopes segment is anticipated to grow at the quickest rate over the projection period.
During the forecast period, the Functional Endoscopic Sinus Surgery (FESS) Instruments segment is predicted to grow at the quickest rate. It is used to treat chronic rhinosinusitis with or without polyps and recurrent acute rhinosinusitis. It is strongly preferred over other operations and is a less invasive process, which is expected to drive the segment's growth.
Sinus Dilation Devices Market by Procedure
Based on procedure, the global sinus dilation devices market has been segmented into, standalone and hybrid.
The majority of the market share for sinus dilation devices globally is accounted for by the standalone procedure segment. The balloon sinus ostial dilation treatment is carried out independently. For the treatment of chronic rhinosinusitis, standalone balloon dilation is just as efficient as functional endoscopic sinus surgery. Additionally, it is projected that the category would develop due to the rising preference for less invasive surgical procedures brought on by the increased use of health insurance. Patients of all ages benefit from the hybrid functional endoscopic sinus surgery balloon dilation treatment. Thus, it is projected that rising demand for hybrid operations among adult and pediatric patients will fuel market expansion.
Sinus Dilation Devices Market by End User
Based on end user, the global sinus dilation devices market has been segmented into, hospitals & clinics, and ambulatory surgical centers.
The hospitals segment accounted for the largest revenue share in the global sinus dilation devices market and is expecting a considerable growth during the forecast period owing to the high volume of surgical procedures performed in hospitals. The segment growth is predicted to be boosted by the rising prevalence of chronic sinusitis and the favorable reimbursement criteria. The availability of technologically improved infrastructure and medical equipment coupled with the ability to perform complex sinus procedures are predicted to promote market growth. During the projection period, the Ambulatory Surgical Centers (ASCs) segment is anticipated to grow at the quickest CAGR. ASCs are being considered by the healthcare system as a strategic means of providing surgical services. ASCs make it simple to perform minimally invasive procedures like BSD. Additionally, it is projected that cost-effectiveness and superior reimbursement policies than hospitals will boost the segment's expansion.
Sinus dilation devices Market by Region
Based on region, the global sinus dilation devices market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
North America region accounts for the largest revenue share in the sinus dilation devices market and is expected to continue its dominance over the forecast period. The presence of a highly regulated and advanced healthcare system can be attributed for the dominance. Additionally, the availability of cutting-edge products because of the existence of significant industry competitors is fueling sales growth. Due to rising disposable income and increased patient knowledge of sinus surgery, Asia Pacific is anticipated to have the highest CAGR during the projection period. Olympus Corp. and InnAccel Technologies, two organizations that operate in the Asia Pacific area, are concentrating on mergers and acquisitions to broaden their product offerings and provide high-quality goods in emerging markets at competitive prices. For instance, in order to advance the healthcare industry, Olympus Corp. signed into a binding agreement to purchase Image Stream Medical, Inc. for USD 87 million in April 2017.
Competitive Landscape
Some of the prominent players operating in the global sinus dilation devices market are: -
Strategic Developments
The global sinus dilation devices market is expected to grow at a CAGR of 10.8% in the forecast period.
Medtronic Plc, B. BRAUN MELSUNGEN AG, Stryker Corporation, Smith and Nephew Plc, and Sinusys Corporation are a few key players in the global sinus dilation devices market.
The balloon sinus dilation device segment dominates the global sinus dilation devices market.
Asia Pacific region is expected to observe a highest global sinus dilation devices market growth in the forecast period.
The global sinus dilation devices market was US$ 1.9 billion in 2021
*Insights on financial performance are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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