Global Sinus Dilation Devices Market was estimated USD 3,326 million in2016 and expected to reach USD 5,778 million by 2023 at a CAGR of 8.1% from 2018 to 2023.
Some of the key players in the global sinus dilation devices market are Sklar Surgical Instruments (US), Accurate Surgical & Scientific Instruments(USA), Bausch & Lomb Incorporated (US), Entellus Medical Inc. (a subsidiary of Stryker) (US), Acclarent Inc. (a subsidiary of Johnson & Johnson) (US), Medtronic plc (Ireland), Smith & Nephew plc (UK), Intersect ENT Inc. (US), Olympus Corporation (Japan), Meril Life, Sciences Pvt. Ltd. (India), SinuSys Corporation (US), Jilin Coronado Medical Ltd. (China), and others.
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Regional Analysis
The Americas leads in the market owing to the increasing prevalence of rising incidence of bacterial infection, increasing research & development in sinus dilation devices and growing healthcare expenditure. According to the Centers for Disease Control and Prevention March 2017, data 11.0% of adults were diagnosed with sinusitis in the US. The increasing incidences of sinusitis support the sinus dilation devices market positively.
Europe is the second largest sinus dilation devices market during the forecast period. The increase in the prevalence of chronic sinus and increasing expenditure for sinus treatment may support the market growth. According to the National Center for Biotechnology Information 2017, the occurrence of chronic sinusitis in Europe and North America has been projected to be between 6% and 11%. It was also reported that around two-thirds of patients getting secondary care chronic sinusitis have nasal polyps. The increasing prevalence of chronic sinus supports the market growth in this region.
Asia-Pacific was estimated to be the fastest growing region for the global sinus dilation devices market in 2017. The market is expected to witness high growth owing to the rising prevalence of demand for sinus dilation over conventional sinus surgeries and increasing advance technology.
The Middle East and Africa holds the lowest share for sinus dilation devices market. However, the rising health care awareness programmers and availability of healthcare facilities are expected to influence the market in a positive way.
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Sinus is also called as chronic rhinosinusitis, it is a condition in which cavities around nasal known as (sinuses) get inflamed and swollen for weeks. The people suffering from sinus may have symptoms such as nasal block, tenderness, swelling of the face, sore throat, nausea, fatigue or irritability, and pain in jaw and teeth.
However, factors such as risks associated with the sinus surgery, low adoption of new advance devices related to sinus treatment may hinder the market growth during the forecast period.
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