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Sinus Dilation Devices Market is estimated to reach $5,778 million | Scope and overview, Overview with details Analysis, Competitive Landscapes, Forecast to 2022-2031

Sinusitis is a medical condition characterized by inflammation along the sinus lining, which lead to nose blockage and further avoid the mucus drainage. Sinus dilation devices are medical devices used to expand the sinus openings of a patient’s nose to treat drainage issues related to nasal sinuses or sinusitis. One of the advanced sinus dilation procedure is the balloon sinus dilation, a minimally invasive procedure that replaces the traditional sinus surgeries procedure.

During balloon sinus dilation procedure, a doctor reshapes the patient’s sinus pathway with inflated balloons to open the blocked sinus or nasal pathway. The procedure is generally preferred over decongestants, antibiotics, or steroids, as it provides immediate and long-lasting results.

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The global sinus dilation devices market was valued at $3,326 million in 2020, and is estimated to reach $5,778 million at a CAGR of 8.1% from 2021 to 2026.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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High prevalence of chronic sinusitis, increase in patient preference for minimally invasive surgeries, and growth in awareness about sinusitis surgeries in emerging countries drive the market growth. However, risks associated with sinus surgeries and low adoption of sinus treatment devices, owing to increased preference for drugs, restrict this growth. Nonetheless, expanding distribution network of key players and untapped market opportunities in developing economies are expected to present major prospects for market progression during the forecast period.

The global sinus dilation devices market is classified on the basis of product, end user, and region. According to product, the market is segmented into balloon sinuplasty systems, rhinoscopes, sinuscopes, sinus stents, and functional endoscopic sinus surgery (FESS) instruments set. Based on end user, it is bifurcated into hospitals & clinics and ambulatory surgical centers. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the global sinus dilation devices market with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
Comprehensive analysis of drivers and restraints affecting the market growth is provided.
Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided.
Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.

KEY MARKET SEGMENTS

By Product

Balloon Sinuplasty Systems
Rhinoscopes
Sinuscopes
Sinus Stents
Functional Endoscopic Sinus Surgery (FESS) Instruments Set

By End User

Hospitals & Clinics
Ambulatory Surgical Centers (ASCs)

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By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT

Acclarent, Inc.
Medtronic Plc.
Entellus Medical, Inc.
Smith & Nephew Plc.
SinuSys Corporation
Olympus Corporation
Sklar Surgical Instruments
Accurate Surgical & Scientific Instruments
Bausch & Lomb Incorporated.
Intersect ENT, Inc.

LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)

Nouvag AG
Hospiline Equipments Pvt. Ltd.
Millennium Surgical Corp.
Creganna Medical
Pyramed Pty Limited

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Updated : 2022-01-18 03:05 GMT+08:00

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