Sinus Dilation Devices Market 2022 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market for sinus dilation devices is estimated at USD 3,912.7 million in the year 2022, is projected to reach a size of USD 6,672.6 million by 2030, growing at a compound annual growth rate (CAGR) of 6.9% over the forecast period 2022-2030. The growth of the sinus dilation devices market is driven by factors such as high prevalence of chronic sinusitis, rising healthcare expenditure, and increasing preference for minimally invasive surgeries. Emerging healthcare market in emerging economies is expected to provide lucrative opportunities for the global market throughout the forecast period.

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REGIONAL ANALYSIS

Region wise, the global sinus dilation devices market has been segmented into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. North America accounted for the largest market share of the global market in 2021. The growth of the regional market is likely to be driven by favorable reimbursement scenario for sinus dilation procedures. In terms of revenue, Europe captured the second position in the sinus dilation devices market. The market growth in Europe can be attributed to the high burden of chronic sinusitis.

The sinus dilation devices market in Asia Pacific region is projected to grow at lucrative growth rate over the forecast period. The growth of the sinus dilation devices market in Asia Pacific is likely to be driven by large geriatric population. Countries such as India, China, Japan, South Korea, Australia, and Taiwan are among the key contributors to the growth of the market in the region.

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SEGMENTATION ANALYSIS

By product, the global sinus dilation devices market has been divided into sinus stents/implants, handheld instruments, balloon sinus dilation devices, and endoscopes. The balloon sinus dilation devices segment is projected to be the largest segment during the forecast period. The endoscopes segment is further classified into Sinuscopes, and Rhinoscopes.

By patient type, the global market has been divided into adult, and pediatric. Based on procedure, the sinus dilation devices market has been classified into standalone sinus dilation procedures, and hybrid sinus dilation procedures.

Based on the patient care setting, the global sinus dilation devices market is categorized into hospitals and ambulatory surgery centers (ASCs), and ENT clinics. The hospitals and ambulatory surgery centers (ASCs) segment is projected to be the largest segment during the forecast period.

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COMPANIES COVERAGE

The global sinus dilation devices market is consolidated at top, with top 10 leading players accounting for majority of the market share. Some of companies profiled in report include Acclarent, Inc., Angiplast Pvt. Ltd., Cook Medical , Dalent Medical, EMOS Technology GmbH, Entellus Medical Inc., Entermed, ESC Medicams, InnAccel Pvt. Ltd, Intersect ENT, Inc. , Jilin Coronado Medical Ltd., KARL STORZ, Maxer Endoscopy GmbH, Medtronic Plc., MERIL LIFE SCIENCES PVT Ltd., Olympus Corporation, Optim LLC, PENTAX Medical, Richard Wolf GmbH, SCHÖLLY FIBEROPTIC GMBH, SinuSys Corporation, Sklar Surgical Instruments, Smith & Nephew plc, Summit Medical LLC., and XION GmbH.