New York, NY, March 15, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Sinus Dilation Devices Market by Product Type (Balloon Sinus Dilation Devices, Endoscopes, Sinus Stents/Implants, Functional Endoscopic Sinus Surgery (FESS) Instruments Set, and Others), by Procedure (Standalone Sinus Dilation and Hybrid Sinus Dilation), by Patient Type (Adults and Pediatrics), and by Patient Care Setting (Hospitals, Ambulatory Surgical Centers, and ENT Clinics/In Office): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global sinus dilation devices market was valued at approximately USD 1,915 million in 2018 and is expected to generate around USD 3,462 million by 2025, at a CAGR of around 9.2% between 2019 and 2025.
Sinuses are air-filled pouches at the back of facial bones adjoining the nose. Each sinus has normal and natural openings for draining mucus. Sinusitis is referred as the swelling of the sinus lining usually due to blockage and/or infections at the openings of sinus, which affect the mucus drainage, which may lead to continuous sinus infections and other symptoms related to pain. When it is recurrent sinusitis or the infection continues for more than three months, it might be lead to chronic sinusitis. Sinusitis frequently takes place due to an allergy or cold. The treatment of sinusitis can be performed non-surgically via natural therapy, such as using saline nasal sprays or inhaling steam, or by medications, such as nasal steroid sprays or antibiotics prescribed by ENT doctors. On the other hand, it can be treated surgically as well. However, according to clinical studies, about 20% of patients of chronic sinusitis are not treated via medical therapy.
Browse through 71 Tables & 25 Figures spread over 110 Pages and in-depth TOC on “Global Sinus Dilation Devices Market Size & Growth 2018: Industry Share, Key Segments and Forecast, 2025”.
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The growing healthcare expenditure in developed regions, increasing awareness, and swift economic development in developing regions are projected to important factors contributing to the sinus dilation devices market growth. Furthermore, the high adoption of minimally invasive surgeries will significantly propel the sinus dilation devices market in the future.
The global sinus dilation devices market is classified on the basis of product, patient type, procedure, and patient care setting. By product type, the market is segmented into balloon sinus dilation devices, endoscopes, sinus stents/implants, functional endoscopic sinus surgery (FESS) instruments set, and others. Endoscopes are further classified into sinuscopes and rhinoscopes. The balloon sinus dilation devices contributed the major revenue share in the global sinus dilation devices market, owing to the increasing prevalence of chronic sinusitis, the high success rate of the procedure, and growing preference for minimally invasive procedures.
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Based on the procedure, the market is segmented into standalone sinus dilation and hybrid sinus dilation procedures. Standalone sinus dilation procedures are anticipated to acquire a major market share over the forecast time period, due to the high adoption of balloon sinus dilation devices and functional endoscopic sinus surgery (FESS) devices. Chronic sinusitis can be treated by using these procedures. According to the International Forum of Allergy and Rhinology, the use of balloon sinuplasty stand-alone procedure has increased from 5% in 2011 to 22.5% in the U.S.
The patient type segment includes adults and pediatrics. Adults are anticipated to contribute to the largest market share during the forecast period. This segment’s growth is attributed to the rising prevalence of sinus and growing awareness about the treatments of chronic rhinosinusitis in the developing regions.
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Hospitals, ambulatory surgical centers, and ENT clinics/in offices form the key patient care setting a segment of the market. Hospitals hold a prominent share of the global sinus dilation devices market followed by ENT clinics/in offices.
By region, North America dominated the global sinus dilation devices market in 2018, owing to the region’s established healthcare sector that is extensively involved in the commercialization of advanced technology-based products and the high adoption rate of minimally invasive surgeries. The U.S. is expected to dominate the North American market, owing to the favorable government policies, the rising prevalence of chronic rhinosinusitis, and the presence of major players in the region. According to the National Health and Nutrition Examination Survey, around 14.8 million (13.0%) of adults had at least one sinonasal indications and about 2.37 million adults population (2.1%) had two or more cardinal symptoms for chronic rhinosinusitis in the U.S.
Browse the full “Sinus Dilation Devices Market by Product Type (Balloon Sinus Dilation Devices, Endoscopes, Sinus Stents/Implants, Functional Endoscopic Sinus Surgery (FESS) Instruments Set, and Others), by Procedure (Standalone Sinus Dilation and Hybrid Sinus Dilation), by Patient Type (Adults and Pediatrics), and by Patient Care Setting (Hospitals, Ambulatory Surgical Centers, and ENT Clinics/In Office): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/sinus-dilation-devices-market
The European region is projected to hold the second position in the global market sinus dilation devices market and show substantial growth in the years to come, due to the increasing adoption and awareness for minimally invasive procedures, rising prevalence of chronic rhinosinusitis, and growing geriatric population base. Moreover, the rising demand for technologically advanced treatments will further boost the sinus dilation devices market over the forecast time period.
The sinus dilation devices market in the Asia Pacific region is expected to show the highest CAGR in the future, owing to the rising penetration of major players in the region, rising healthcare expenditure, and an unprecedented evolution of the healthcare infrastructure and standards across this region. Additionally, the increasing demand for minimally invasive procedures is likely to further boost the growth of the Asia Pacific market. Promising government initiatives and increasing technological adoption among the ENT clinics also serve as key growth impelling factors for this regional market.
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Latin America and the Middle East and Africa hold the minimum market share of this global market, due to low awareness about chronic rhinosinusitis treatment options, high procedure costs, and lack of favorable reimbursement policies.
Some key players of the global sinus dilation devices market are Entellus Medical Inc., Acclarent Inc., Medtronic, Smith & Nephew, Intersect ENT Inc., Olympus Corporation, Meril Life Sciences Pvt. Ltd., SinuSys Corporation, InAccel, Jilin Coronado Medical Ltd., and Creganna Medical, among others.
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This report segments the global sinus dilation devices market into:
Global Sinus Dilation Devices Market: Product Type Analysis
- Balloon Sinus Dilation Devices
- Endoscopes
- Sinuscopes
- Rhinoscopes
- Sinus Stents/Implants
- Functional Endoscopic Sinus Surgery (FESS) Instruments Set
- Others
Global Sinus Dilation Devices Market: Procedure Analysis
- Standalone Sinus Dilation
- Hybrid Sinus Dilation
Global Sinus Dilation Devices Market: Patient Type Analysis
- Adults
- Pediatrics
Global Sinus Dilation Devices Market: Patient Care Setting Analysis
- Hospitals
- Ambulatory Surgical Centers
- ENT Clinics/In Office
Global Sinus Dilation Devices Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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