Sinus Dilation Devices Market

Sinus Dilation Devices Market Size, Share and Growth Forecast by Product (Endoscopes, Balloon, Sinus Stents/Implants, Handheld Instruments), by Patient Type (Adult, Pediatric), by Procedure (Standalone, Hybrid), and by Region for 2024-2031

With Increasing Prevalence of Sinus-Related Disorders, and Growing Consciousness About Sinus Dilation Procedure Benefits, PMR Foresees a Promising Outlook for Sinus Dilation Devices Market Growth

Report ID: PMRREP34628

Report Type: Ongoing

Format: PPT*, PDF, EXCEL

Industry: Healthcare

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Sinus Dilation Devices Market Size and Share Analysis

The global sinus dilation devices market is projected to increase from US$2.97 Bn in 2024 to US$4.50 Bn by the end of 2031. The market is expected to secure a CAGR of 6.1% during the forecast period from 2024 to 2031.

Key Highlights of the Market

  • Growing adoption of minimally invasive surgical procedures works to the advantage of sinus dilation devices.
  • Increasing cases of sinusitis, which results into high sinus surgeries, is anticipated to be among the strongest growth driving forces.
  • Expanding aging population susceptible to sinus-related problems marks one of the key market trends creating a constant stream of revenue generation opportunities for medical device companies.

Attributes

Key Insights

Sinus Dilation Devices Market Size (2024E)

US$2.97 Bn

Projected Market Value (2031F)

US$4.50 Bn

Forecast Growth Rate (CAGR 2024 to 2031)

6.1%

Historical Growth Rate (CAGR 2019 to 2023)

5.5%

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Market Introduction and Trend Analysis

One of the significant factors fueling the demand for sinus dilation devices is increasing cases of sinusitis that can result to high sinus surgeries. With the improvement in diagnostic capabilities and the growing consciousness about chronic sinusitis, people are looking for effective treatment options.

Sinus dilation devices provide a minimally invasive alternative to traditional sinus surgeries, appealing to both healthcare providers and patients because of lower complication rates and reduced recovery times.

One of the prominent trends driving the market growth is the increasing preference for minimally invasive procedures. Patients prefer fast recovery procedures. Sinus dilation devices goes with this preference by offering efficient relief from sinusitis symptoms.

Sinus dilation devices become more popular and preferred treatment option for sinusitis as healthcare systems prioritize patient-centered care.

High growth potential in the developing economies including India, and China and huge investments by industry players are projected to give rise to lucrative opportunities to the market players.

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Historical Growth and Course Ahead

The sinus dilation devices market expanded gradually during the historical period with the growing awareness of chronic sinusitis. Technological innovation like sinus dilation systems transform the treatment approaches by providing less invasive techniques for opening blocked sinus passages.

While this resulted into reduced recovery times and improved patient outcomes, the market for sinus dilation devices recorded a CAGR of 5.5% during the historical period.

With an increasing preference amid patients for minimally invasive procedures because benefits they provides to them. Going with this trend, sinus dilation devices significantly align with this trend. Such demographic trend is estimated to fuel the demand for sinus dilation devices.

Ongoing advancement in medical technology is also expected to bring innovations in sinus dilation devices. Such advancement is improvements in procedural techniques, device design and materials. Sales of sinus dilation devices are expected to record a CAGR of 6.1% during the forecast period.

Market Research Methodology

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Market Growth Drivers

Expanding Presence in Developing Economies

There is increasing focus on the expansion of the presence in the emerging countries by the sinus dilation devices providers and distributors. This factor drives the market growth. Emerging economies have growing population base with notable unmet medical requirements.

Sinus related conditions are prevalent in these economies because of different healthcare and environmental factors. Providers will get a key opportunity for introducing their products and increase their market share.

With increasing internet penetration as well as healthcare awareness campaigns, patients are becoming more informed regarding treatment options for sinus cases. This increased consciousness fuels the demand for advanced sinus dilation devices.

There is rise in disposable income and healthcare expenses with the growing economies. This allows many people to go for advanced medical treatments like sinus dilation procedures. Distributors and providers focus on expanding their presence to make the most out of this growing demand.

Increasing Cases of Sinus Dilation

Increasing sinus dilation cases mainly chronic sinusitis are one of the key drivers for the expansion of the market for sinus dilation devices. This type of sinusitis is a prevalent condition affecting millions of people who go through sinus cavities.

There are many patients treated with such condition and find efficient treatment options with the growing consciousness of chronic sinusitis and improvement in diagnostic techniques.

Sinusitis affects 1 out of every 7 adults in the United States, with more than 30 million individuals diagnosed each year According to Medscape 2022.

Aging population is one of the key demographic trends in the market that significantly contributes to the increasing cases of chronic sinusitis.

Old adults are more prone to sinus-related problems because of weakened immune systems and anatomical changes in the sinuses.

There is increase in count of potential patients looking for chronic sinusitis with the growing demographic, consequently fueling the demand for sinus dilation devices. Such devices offer the best solution for patients looking for minimally invasive treatments improve the quality of life.

The market is projected to continue growing with both the patients and healthcare providers identify the advantages of such devices to manage chronic sinusitis.

Factors Impeding the Market

Dominance of Well-established Players Pose a Challenge to New Entrants

Small industry participants and newly entered players get a few financial resources. This factor hampers their ability of investing in research and development for innovative sinus dilation devices.

Consequently, they can go through the problems to keep pace with product innovation and technological advancements that are prominent to stay competitive in the market.

Key competitors in the sinus dilation devices market are highly competitive dominating the landscape. These players thus get a chance to invest in extensive marketing efforts and provide competitive cost.

As compared to large players in the market, small players and newly entered players may get difficulty to compete on these fronts without strategic partnerships and crucial investment.

Future Opportunities Sinus Dilation Device Companies

Growth of Healthcare Sector in Developing Countries

Developing countries including India, Brazil and china are projected to provide key growth opportunities for the industry participants operating in the market.

Increase in buying power is allowing people to go for technologically advanced ENT treatments such as sinus dilation, consequently driving the market growth in economies such as India, and China.

Asia Pacific is projected to account for around 63% of the worldwide middle-class population during the forthcoming years.

In countries like China, and India, the growth in purchasing power is enabling people to opt for technologically advanced ENT treatments, including sinus dilation, thereby fuelling the growth of the market.

Such countries give rise to potential opportunities for the manufacturers of sinus dilation device to expand their reach outside the US owing to the presence of a large target patient population.

Asia Pacific region is considered as a leading sinus dilation devices regional market. Improving healthcare facilities and less stringent regulatory policies in this region to bring potential growth opportunities for the players operating in the market.

Category-wise Analysis

Balloon Devices to be the Bestselling Category

Category

Market Share in 2022

Balloon – Product Type

46%

Balloon sinus dilation devices have proven highly effective in addressing chronic sinusitis and related conditions by efficiently expanding sinus openings. This enhances drainage and ventilation, significantly alleviating symptoms and improving patient comfort.

The balloon sinus dilation devices segment exhibited revenue share of 46% in 2022. These devices are small, effective, safe and flexible to improve the sinusitis symptoms. This device is employed for treating chronic sinus.

Hospitals Represent the Largest Adopter Segment

Category

Market Share in 2022

Hospitals – End-Use Industry

48%

Hospitals segment is estimated to record a notable growth in the forthcoming years due to the high volume of surgical procedures carried out in hospitals. Hospitals segment recorded largest sinus dilation devices market share of 48% in 2022.

There are a few more factors that further projected to impel the segment growth such as favourable reimbursement criteria and increasing occurrence of chronic sinusitis.

The availability of technologically advanced infrastructure as well as medical equipment with the ability of performing complex sinus surgeries also contribute toward segment growth.

Standalone Procedures Hold the Largest Market Share

Standalone sinus dilation procedure segment is anticipated to lead the market due to its huge range of benefits such as short-term symptom improvement, reduced postoperative nasal bleeding, and short recovery and medication for pain relief. These key factors fuel the standalone sinus dilation procedure demand in the market.

Standalone sinus dilation procedures are minimally invasive if compared with traditional surgical options like functional endoscopic sinus surgery (FESS). They typically involve less tissue trauma, reduced recovery time, and lower risk of complications, making them attractive to both patients and healthcare providers.

Region-wise Analysis

Led by US, North America Takes the Charge in the Global Market

Region

CAGR through 2031

North America

7.80%

North America leads the sinus dilation devices market and to account for a CAGR of 7.80% during the forecast period from 2024 to 2031.

The region’s dominance is due to the increasing healthcare spending, highly developed and regulated healthcare infrastructure, and increasing chronic sinusitis cases.

The availability of advanced products because of the presence of leading key players is further propelling the regional market growth.

Regional growth is due to the increasing medical technology innovation. In North America, there are numerous sinus dilation devices that are produced by manufactures leveraging advanced R&D capabilities.

The US is a leading country in North America, which boasts the high healthcare expenditures per capita worldwide. This factor enables for huge adoption of advanced medical treatments such as sinus dilation devices and procedures.  

Competitive Landscape Analysis

Key players in the market are focusing on adopting growth strategies, such as mergers and acquisitions, developing existing devices, promotional events, and technological advancement.

Continuous innovation in sinus dilation devices, particularly in balloon sinus dilation systems, has intensified competition.

Companies are investing in developing next-generation devices that offer improved efficacy, safety, and patient outcomes, thereby enhancing their competitive edge.

Recent Industry Developments

December 2023

Acclarent, Inc., part of Johnson & Johnson MedTech,i and a leader in developing minimally-invasive Ear, Nose & Throat (ENT) technologies, received clearance from the U.S. Food and Drug Administration (FDA). The clearance is obtained for the Acclarent AERA® Eustachian Tube Balloon Dilation System in the treatment of children, ages 8-17, with persistent obstructive Eustachian tube dysfunction (OETD).

December 2023

Integra LifeSciences Holdings Corporation announced that it has entered into a definitive agreement to acquire Acclarent, Inc. from Ethicon, Inc., and a Johnson & Johnson MedTech company.

Report Scope

Attributes

Details

Forecast Period

2024 to 2031

Historical Data Available for

2019 to 2023

Market Analysis

US$ Billion for Value

Key Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • The Middle East and Africa
  • Latin America

Key Countries Covered

  • The United States
  • Canada
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
  • Japan
  • China
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Thailand
  • South Korea
  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait  

Key Market Segments Covered

  • Product
  • Patient Type
  • Procedure
  • End-use Industry
  • Region

Key Companies Profiled

  • Smith+Nephew
  • Sklar Surgical Instruments
  • Stryker Corporation
  • Accurate Surgical & Scientific Instruments Corporation
  • Intersect ENT, Inc.
  • Olympus Corporation
  • SinuSys Corporation
  • Johnson & Johnson Services, Inc.
  • TE Connectivity
  • InnAccel Technologies Pvt Ltd

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Sinus Dilation Devices Market Segmentation

By Product

  • Endoscopes
  • Balloon
  • Sinus Stents/Implants
  • Handheld Instruments

By Patient Type

  • Adult
  • Pediatric

By Procedure

  • Standalone
  • Hybrid

By End-use Industry

  • Hospitals 
  • Ambulatory Surgical Centers 
  • ENT Clinics/In Office

By Region

  • North America
  • Europe
  • Asia Pacific
  • The Middle East and Africa
  • Latin America

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Companies Covered in This Report

Frequently Asked Questions

Increasing cases of sinus dilation is a key driver for market growth.

A few of the top players operating in the market are Smith+Nephew, Sklar Surgical Instruments, and Stryker Corporation.

Increase in healthcare market in emerging countries provides a key opportunity for the market players.

Balloon sinus dilation devices to lead the market.

North America leads the market and continues to lead exhibiting a 7.80% CAGR.

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