Sinus are the hollow sacks in the head which secrets mucus and provide resonance to the voice. The mucus secreted by the sinus aids to prevent the nasal cavity from drying and protects the nasal passage from entering of the foreign particles and reaching to the lungs. When the sinus gets blocked the mucus gets logged into the sinus causing headache, inflammation of the sinus, and congestion, thus increasing the risk of infection or condition termed as sinusitis. Sinusitis is a common medical condition caused due to the swelling or the inflammation of the tissue lining the sinuses. sinusitis treatment depends on the duration of the infection. In chronic cases where the sinus is blocked for a longer duration, the doctor opts for surgery. Rhinoplasty surgery is a procedure in where the surgeons dilate the sinuses to relieve the mucus to decrease the pressure in the sinuses.
The sinus dilation devices are widely adopted for the treatment of sinusitis. Some of the players of the sinus dilation device market include Bausch Health Companies Inc., Dalent LLC, Intersect ENT Inc., Johnson & Johnson, KARL STORZ SE & Co. KG, Medtronic Plc, Olympus Corp., Smith & Nephew Plc, Stryker Corp, and TE Connectivity Ltd. The sinus dilation device market is estimated to attain a market size of US$3.743 billion in 2026 from US$2.385 billion in 2019, growing at a CAGR of 6.65%.
Increasing Prevalence of Sinusitis
The surge in the incidence of sinusitis is the primary factor expected to drive the market demand of the sinus dilation devices globally. According to the Center of Disease Control and Prevention (CDC), in the USA nearly 12% of the population in the age group of 18 years and above suffer from sinusitis. The rising cases of the chronic sinusitis is majorly due to pollution, lifestyle changes, and other environmental factors. The rise in the chronic sinusitis is providing higher growth opportunities and is encouraging the sinus dilation device manufacturers to focus on new trends and thus increase their market share.
The development of the new devices and technologies such as balloon sinus dilation systems is expected to encourage more physicians to opt for these devices for the treatment of the sinusitis. Stryker Corporation finalized its merger agreement in 2018 to acquire Entellus Medical, for USD 662 million. Entellus Medical is a high-growth global medical technology company that focus on offering a minimally invasive solution for ear, nose and throat infections. Further, these devices are less invasive, more effective and risk to the patients is minimal which is expected to boost the market demand of the sinusitis dilation devices. Key players of the Dilation device such as Medtronic and Acclarent, Inc. are constantly developing the devices to create new trends and revenue for the market growth and maturity. Thus, the total volume of revenues of the global sinus dilation device market is expected to surge with the advancement of healthcare technologies. The diagnosis of sinusitis is easier and gets self-diagnosed.
However, most patients prefer prescription drugs such as decongestants and antibiotics over surgeries as the primary treatment of the sinusitis. Thus, the adoption of the devices for the sinus dilation is comparatively low. Further, in the underdeveloped regions the adoption of the dilation devices is low. These factors are restraining the market growth of the sinus dilation devices.
North America Dominates the Market
The sinus dilation devices market is segmented on the basis of region as North America, South America, Europe, Middle East & Africa and Asia Pacific. North America is holding the major share of the sinus dilation devices market on the basis of region majorly due to the large population of the region is suffering from the chronic sinus. According to the Centre for Disease Control and Prevention, nearly 11% of adults in the USA are diagnosed with sinusitis which accounts for nearly 26.9 million adults. The technological advancement, investment and adoption of new technologies is further boosting the market demand for these devices in the region.
Market Challenges to Overcome
The sinus dilation devices market restraints hampering the market growth include less acceptance of sinus treatment devices, lack of trained otolaryngologists & ENT surgeons, and risk association with surgery such as bleeding, post-operative infections, and recurrent sinus infections among others. The risk associated with the surgery of the sinus is the biggest challenge for the market growth of the sinus dilation device market.
COVID-19 Negative Impact
The outbreak of the COVID-19 pandemic and subsequent lockdown had affected every industry including the sinus dilation devices market. The sinus dilation devices market was significantly impacted due to the disruption of the distribution channel. Furthermore, the health care facility gave priority to the emergency cases which reduced the procedures and surgeries. Medical devices are similar to drugs due to their trial and data collection which was halted due to the pandemic. It is expected that the sinus dilation devices market will revive and will witness lucrative growth post coronavirus in the forecasted period.