USD 1.96 billion
Sinus Dilation Devices Market Size, Share, Growth Analysis, By Product(Balloon Sinus Dilation Devices, Endoscopes [Sinuscopes, Rhinoscopes], Sinus Stents/Implants), By Procedure(Standalone Sinus Dilation Procedures, Hybrid Sinus Dilation Procedures), By Patient Type(Adult Patients, Paediatric Patients), By Patient Care Setting(Hospitals and Ambulatory Surgery Centers, ENT Clinics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2791 |
Region:
Global |
Published Date: September, 2024
Pages:
219
|Tables:
86
|Figures:
76
Sinus Dilation Devices Market Insights
Sinus Dilation Devices Market size was valued at USD 2.70 billion in 2022 and is poised to grow from USD 2.88 billion in 2023 to USD 4.76 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).
Technological advances such as surgical laser technology in sinus surgery ensure minimal incisions and minimal side effects. Reduced turnaround time allows outpatient departments to perform these measures. In 2022, for example, the National Health Service (NHS) introduced a new laser treatment for patients with gallstones. This groundbreaking treatment uses lasers to target and treat the areas of the brain that cause seizures, offering a new and improved way to manage seizures and improve patients’ quality of life.
The COVID-19 pandemic has devastated routine patient care. Many health centres cancelled routine hospital visits and elective surgeries to increase and maintain intensive care units and hospital bed supply and reorganized medical and nursing staff. This prevented oral patient's chronic primary care. Patients opted for teleconsultation and short-term alternatives for sinus-related problems.
For example, the number of surgical procedures performed in Canada fell sharply in the first 31 months of the pandemic, approximately 937,000 fewer surgeries (14%) compared to the pre-pandemic period. These figures include surgery conducted in March 2020 compares to the beginning of 2019. It happened in the first four months (March to June 2020), when many planned medical emergencies were postponed or cancelled in the country all to comply with public health guidelines.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Standalone Sinus Dilation Procedures
Fastest Growth
Standalone Sinus Dilation Procedures
Growth Rate
11.3% CAGR
Global Sinus Dilation Devices Market ($ Bn)
Country Share for North America Region (%)
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Sinus Dilation Devices Market Segmental Analysis
Global Sinus Dilation Devices Market is segmented by Product, Procedure, Patient Type, Patient Care Setting, and region. Based on Product, the market is segmented into Balloon Sinus Dilation Devices, Endoscopes [Sinuscopes, Rhinoscopes], Sinus Stents/Implants, and Handheld Instruments. Based on Procedure, the market is segmented into Standalone Sinus Dilation Procedures, and Hybrid Sinus Dilation Procedures. Based on Patient Type, the market is segmented into Adult Patients, Paediatric Patients. Based on Patient Care Setting, the market is segmented into Hospitals and Ambulatory Surgery Centers, ENT Clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Global Sinus Dilation Devices Market Analysis by Product
Balloon sinus dilation (BSD) devices segment accounted for the largest revenue share of over 49% in 2023. BSDs are safe, lightweight, convenient, and effective in improving sinusitis symptoms because muscle there is no breakdown in the sinus dilatation process, thus resulting in faster turnaround times and patient comfort. However, BSD treatment is short-term, and patients may need to be treated more frequently. Balloon sinuplasty is used to treat chronic rhinosinusitis (CRS), a chronic inflammation of the sinuses. According to the NCBI, in 2020, chronic respiratory syndrome (CRS) will be one of the most prevalent chronic medical conditions worldwide, affecting individuals of all ages. Estimated prevalence is 12.3% in the US, 10.9% in Europe, and 13% in China. This condition greatly reduces patients’ quality of life. Interestingly, CRS has been shown to have a greater impact on social functioning than conditions such as ischemic heart disease or chronic heart failure.
The functional endoscopic sinus surgery (FESS) instruments set segment is expected to register a rapid growth rate of over 12.5% during the forecast period. This treats recurrent rhinitis and treatment-resistant chronic rhinitis, with or without polyps. It is a less invasive process and is much preferred over other methods that are expected to grow the segment. According to the Sinus Allergy Wellness Center of North Scottsdale, sinusitis, which manifests as swollen sinuses, can aggravate 0.5% of upper respiratory infections 11.6% of American adults are diagnosed with the disease, with a million days 73 restricted activity occurs, at a socioeconomic cost of more than $5.8 billion annually. Notably, 47% of cases improve within a week without antibiotics.
Global Sinus Dilation Devices Market Analysis by End Use
Hospitals are the dominating segment in the market. The hospitals segment accounted for the largest revenue share of around 55% in 2023 and is expected to witness the highest growth during the forecast period owing to the high number of surgeries performed in hospitals. Advanced technology and systems as well as the availability of medical equipment and the ability to perform complex sinus surgeries are projected to fuel segment growth. According to the NCBI, about 310 million major surgeries are performed worldwide each year, about 40 to 50 million in the US. and 20 million in Europe 1-4% may die of these patients, 15% may have severe complications after surgery. Patients are estimated to be readmitted to hospital within 30 days. This means that major surgery is comparable to other major causes of death such as heart disease, stroke, cancer and injury.
The ambulatory surgical centers (ASC) segment is expected to be the fastest growing region in the sinus dilation devices market with a CAGR of 11.1% during the forecast period. The health system is interested in ASCs as a way to deliver surgical care. Less invasive procedures with BSD can be readily performed in an ASC. Furthermore, cost-effectiveness with better coverage compared to hospitals is expected to boost the growth of the segment. According to the Organization for Economic Co-operation and Development (OECD), more than 90% of cataract surgeries are performed in most OECD countries. In simple terms, most cataract surgeries worldwide are done as day cases, but some countries have lower rates, possibly due to different healthcare systems and policies.
Global Sinus Dilation Devices Market By End Use (%)
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Sinus Dilation Devices Market Regional Insights
North America dominates the sinus dilation devices market in terms of revenue, with a share of more than 45% in 2023. Highly regulated and streamlined healthcare can be attributed to this dominance and improved product because the presence of major market players boosts market growth. According to the Commonwealth Fund, the health care system in the U.S. is a combination of public and private companies. The federal government funds programs like Medicare for older adults with disabilities, as well as programs for veterans and low-income individuals like Medicaid and Children's Health Insurance Program States also administer several local payment and protection programs. Many people have private employer-provided health insurance, which is the most common form of coverage. The number of uninsured people has dropped over the years thanks to the Affordable Care Act. Public and private insurers decide what services are covered and how much individuals pay after a set of rules set by the federal and state governments.
Asia Pacific is expected to be the fastest growing segment with a CAGR of 10.4% during the forecast period owing to factors such as rising disposable income and improved patient awareness of sinus surgery. According to the OECD report Emerging Asia which includes ASEAN-10. Some countries like, India, have shown strength even in difficult times, such as the COVID-19 pandemic and the global economic slowdown. They have managed to stay strong because of their smart money policies, doing well in selling goods to other countries and having strong demand within their own nations. It is predicted that their economy will grow by about 5.3% in 2023 and 5.4% in 2024. For ASEAN countries, which are part of Emerging Asia, their economy is expected to grow by about 4.6% in 2023 and 4.8% in 2024, showing that they can bounce back despite challenges.
Global Sinus Dilation Devices Market By Geography
- Largest
- Fastest
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Sinus Dilation Devices Market Dynamics
Global Sinus Dilation Devices Market Drivers
Increasing Incidence of Sinusitis
- The increasing prevalence of sinusitis, a condition that commonly affects millions of people worldwide, is driving the demand for sinus dilators. Factors such as urbanization, environmental pollution and lifestyle changes contribute to the rise in respiratory problems, including sinusitis. Increasing awareness of the importance of treating chronic lung conditions and the availability of advanced surgical procedures are driving the market to grow with patients demanding more effective treatments, providing avenues for expansion the bladder is enlarged.
Technological Advances in Medical Devices
- The sinus dilation devices market benefits from rapid technological advancements, including developments in minimally invasive procedures and improved device designs. Innovations such as balloon sinus dilation with simple procedures more for when compared to traditional surgery is gaining popularity among healthcare professionals and patients, improving patient outcomes, thus driving the use of these devices in hospitals.
Restraints
High Cost of Treatments
- One of the most important restraints affecting the sinus dilation devices market is the high cost associated with the devices including surgery. Many patients find these costs prohibitive, especially in areas where health care or payment options are limited. This financial burden may deter patients from undergoing surgery, thereby slowing the growth of the market.
Limited Knowledge of Emerging Markets
- Although awareness of sinus dilator devices is increasing in developed areas, many emerging markets still lack sufficient knowledge about these procedures. Limited awareness among healthcare professionals and patients is beneficial and advanced technologies of sinus dilation may restrain the market growth in these areas. Efforts to educate healthcare providers and patients about the benefits of these devices are critical to meeting this challenge.
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Sinus Dilation Devices Market Competitive Landscape
The sinus dilation devices market is a competitive one, with various key players applying strategies, innovations, and advanced technologies to maintain their market position. A leading global medical technology company, Medtronic offers a variety of sinus dilation devices, including balloon sinus dilation systems. Medtronic partnered with the American Academy of Otolaryngology-Head and Neck Surgery (AAO-HNS) to provide educational materials and training for ENT surgeons. This collaboration facilitates the development of validated Medtronic sinus dilation technology great and promotes best practices in sinus surgery.
Top Player’s Company Profiles in Global Sinus Dilation Devices Market
- Entellus Medical, Inc. (US) (Subsidiary of Stryker)
- Medtronic PLC (Ireland)
- Acclarent, Inc. (US) (Subsidiary of Johnson & Johnson)
- Smith & Nephew PLC (UK)
- Intersect ENT, Inc. (US)
- Olympus Corporation (Japan)
- Sinusys Corporation (US)
- Innaccel Technologies Pvt Ltd. (India)
- Meril Life Sciences Pvt. Ltd. (India)
- Optim LLC (US)
- Jilin Coronado Medical Ltd. (China)
- Dalent Medical (US)
- Emos Technology GmbH (Germany)
- Sklar Surgical Instruments (US)
- Karl Storz (Germany)
- Pentax Medical (Japan)
- Angiplast Pvt. Ltd. (India)
- Summit Medical LLC (US)
- Richard Wolf GmbH (Germany)
- Entermed (Spain)
- Schölly Fiberoptic GmbH (Germany)
- Xion GmbH (Germany)
- Cook Medical (US)
- Maxer Endoscopy GmbH (Germany)
- Esc Medicams (India)
Global Sinus Dilation Devices Market Recent Developments
- May 2022: Delent Medical received additional patent protection for its Sinusleave balloon device, which also protects the company’s proprietary device and strategic balloon sinus dilatation system for the treatment of chronic sinusitis.
- May 2022: Medtronic completes the acquisition of Intersect ENT to expand its ear, nose and throat (ENT) division with new products used in sinus treatment.
- In July 2022, high-performance, single-use endoscope manufacturer Zsquare received an FDA 510K license to market its first product, the Zsquare ENT-Flex Rhinolaryngoscope Zsquare plans to bring research to the US. So that product launches demand product availability increase, leading to market growth.
Sinus Dilation Devices Key Market Trends
- Shift Towards Minimally Invasive Procedures: There is a distinct market trend in sinus dilation devices towards less invasive options. Patients and healthcare providers are increasingly demanding strategies that reduce recovery time and reduce complications. Balloon sinus dilation is a prime example of this trend, offering a less invasive alternative to traditional surgery. As more physicians adopt these options, the market for sinus dilation devices is expected to expand exponentially.
- Increased Investment in Research and Development: Investment in research and development (R&D) for sinus dilation devices is increasing, and companies are focusing on developing innovative solutions to improve treatment outcomes. This trend leads to technological advances, such as robot-assisted sinus surgery and advanced imaging systems to better guide during procedures. As R&D continues, new features that improve efficiency and safety issues are likely to emerge, and lead to market growth.
Sinus Dilation Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, sinus dilation devices market is poised for growth, with rising incidence of sinusitis, advances in medical technology promoting minimally invasive procedures but challenges such as rising cost of treatment and lack of awareness in markets developing market can hamper market expansion. Notable trends include a shift towards less complex processes and increased investment in R&D, which is expected to contribute to the innovation. As awareness and acceptance of these technologies' increases, the market is set to grow significantly in the coming years. There is a growing trend in the healthcare industry toward minimally invasive treatments. Patients and physicians are looking for treatments that will result in faster recovery, fewer scars, and reduced risk of complications Sinus dilation devices fit this trend, with their approach work with less intervention and better results. The shift towards less invasive procedures is expected to drive the demand for sinus dilation devices in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.70 billion |
| Market size value in 2031 | USD 4.76 billion |
| Growth Rate | 6.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sinus Dilation Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sinus Dilation Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sinus Dilation Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sinus Dilation Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sinus Dilation Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sinus Dilation Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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