Knowledge Sourcing Intelligence announces the publication of report on the topic “Global Sinus Dilation Device Market - Forecasts from 2020 to 2026” to their offering.
The prime factor driving the market of Global Sinus Dilation device is the growing number of cases of chronic sinusitis.
As per the report, the Global Sinus Dilation Device Market is projected to increase at a CAGR of 6.65% to reach US$3.743 billion in 2026 from US$2.385 billion in 2019.
Lifestyle change and environmental factors major reasons causing growth in chronic sinus diseases, thereby augmenting demand for sinus dilation devices. Sinus dilation devices are used for the treatment of sinusitis. Furthermore, sinus dilation devices such as Balloon Sinuplasty Systems and Sinus Stents aid in expanding the opening of a patient’s nose during the sinus operation, thereby treating drainage issues correlated with nasal sinuses.
A rising number of patients suffering from the chronic and growing use of minimally invasive sinus techniques are expected to drive growth in the market. Furthermore, there is a growing demand for advanced technologies in hospitals and health care centres that aid in curing chronic sinus . The growing demand for advanced technological solutions is anticipated to propel demand in the Global Sinus Dilation Device Market. However risks associate with sinus surgeries such as bleeding, recurring sinus infection and post-operative infections among others are estimated to hinder growth in the global sinus dilation device market.
The balloon sinus dilation device segment is expected to dominate the market over the forecasted period owing to increasing. Similarly, by end-users, Hospitals are projected to hold significant market share over the forecasted period. Further, the North American region possesses a significant market share due to a large population in the region suffering from chronic sinus. Moreover, the Asia Pacific region is projected to grow at a significant rate owing to technological advancements and increasing awareness of minimum invasive procedures amongst people for treatment over the forecasted period.
The COVID-19 pandemic impacted the Global Sinus Dilation Device market negatively. The spread of the Covid-19 virus instilled nationwide lockdowns and travel restrictions globally. The pandemic led to widespread production and supply chain disruptions across countries. However, post-COVID the market is estimated to revive and is projected to witness positive growth in the post-COVID period.
As a part of the report, the major players operating in the Global Sinus Dilation Device Market, which have been covered, are 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., TE Connectivity Ltd.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-sinus-dilation-devices-market
The analytical report has bifurcated the Global Sinus Dilation Device Market on the following basis:
By Product Type
Balloon Sinuplasty Devices
Hospitals and Clinics
The Middle East and Africa