Sinus Dilation Device Market: Current Analysis and Forecast (2022-2028)

Report Description

The sinus dilation device market is expected to register a CAGR of approx. 7% over the period of 2022-2028. Sinusitis is a medical condition that causes inflammation along the sinus lining, which can cause symptoms like facial pain, sinus headaches, breathing problems, fatigue, tooth pain, and a loss of taste and smell. In order to treat nasal sinus drainage problems or sinusitis, medical devices known as sinus dilation devices are used to enlarge the sinus openings of a patient’s nose. One of the advanced sinus dilation procedures is balloon sinus dilation, a minimally invasive procedure that replaces traditional sinus surgery. A doctor uses inflated balloons to reshape the patient’s sinus pathway in order to open the blocked sinus or nasal pathway during a balloon sinus dilation procedure. Due to its immediate and long-lasting effects, the procedure is typically preferred over decongestants, antibiotics, or steroids. The growing demand for sinus dilation devices can be attributed to the increasing prevalence of chronic rhinosinusitis across the globe. For instance, according to the World Allergy Organization 2021, the worldwide prevalence of chronic rhinosinusitis (CRS) ranges from about 8% in China, 8.4% in Korea, 11% in Europe, and 12% in the United States. Owing to the glaring statistics due to the rising prevalence of rhinosinusitis which leads to higher sinus surgeries due to which sinus dilation device is boosted across the globe is leading to the growing demand for sinus dilation devices and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the sinus dilation device market is anticipated to grow on account of the high preference for minimally invasive procedures. In addition, increasing awareness among the population about the advantages of balloon sinuplasty over conventional techniques drives the market growth. However, some of the restraints in the market including the availability of non-surgical treatments for chronic sinusitis are impeding the growth of this market all over the world.

Stryker Corporation, Smith & Nephew plc, Olympus Corporation, Medtronic, SinuSys Corporation, KARL STORZ, Sklar Surgical Instruments, Intersect Inc., Johnson & Johnson, Cook Medical are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, the balloon sinus dilation devices category is expected to witness considerable CAGR during the forecast period”

Based on the product, the sinus dilation device market is segmented into balloon sinus dilation devices, endoscopes, functional endoscopic sinus surgery (FESS) instruments set, sinus stents/implants, and others. The balloon sinus dilation devices segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Balloon Sinus is a safe, small, flexible, and effective sinusitis treatment. Because the sinus dilation procedure does not involve tissue ablation, it has a quick turnaround time and provides patient comfort.

“Amongst procedure, the standalone category is expected to witness considerable CAGR during the forecast period”

Based on the procedure, the market is fragmented into standalone and hybrid. The standalone segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Balloon sinus ostial dilation is a stand-alone procedure. In the treatment of chronic rhinosinusitis, standalone balloon dilation is as effective as functional endoscopic sinus surgery.

“Amongst application, the adult category is expected to witness considerable CAGR during the forecast period”

Based on the applications, the market is bifurcated into adult and pediatric. The adult segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. to the high prevalence of sinusitis in adults. For instance, according to the CDC, 9 out of 10 viral sinusitis cases in adults were observed in the U.S.

“Amongst end-users, the hospitals category is expected to witness considerable CAGR during the forecast period”

Based on the end-user, the market is segmented into hospitals, ENT clinics, and ambulatory surgical centers (ACSs). The hospitals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the high volume of surgical procedures performed in hospitals

“North America to witness significant growth during the forecast period”

For a better understanding of the market dynamics of the sinus dilation device market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the sinus dilation device industry owing presence of highly regulated and developed healthcare infrastructure, the availability of advanced products due to the presence of major market players, and rising healthcare spending in this region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global sinus dilation device market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team

Research Methodology

Research Methodology for the Global Sinus Dilation Device Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global sinus dilation device market were the three major steps undertaken to create and analyze the adoption of sinus dilation devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sinus dilation device market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments to the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the sinus dilation device market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the sinus dilation device market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the product, procedures, applications, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sinus dilation device market. Further, we conducted factor analysis using dependent and independent variables such as high preference for minimally invasive procedures, increasing prevalence of chronic rhinosinusitis, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sinus dilation device market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global sinus dilation device market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the sinus dilation device market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global sinus dilation device market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global sinus dilation device market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, procedures, applications, and end-users in the global sinus dilation device market.

The main objective of the Global Sinus dilation device Market Study

The current & future market trends of the global sinus dilation device market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the sinus dilation device market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product, procedure, application, and end-users.
• Define and analysis of the regulatory framework for the sinus dilation device market industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the sinus dilation device market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
• Company profiles of the sinus dilation device market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team