Global Sinus Dilation Device Market: A Step Towards Minimally Invasive Surgical Procedures

Global Sinus Dilation Device Market: A Step Towards Minimally Invasive Surgical Procedures

By Knowledge Sourcing Intelligence Thought Articles

The Global Sinus Dilation Device Market is estimated to reach a market size of US$3.743 billion by the end of 2026. The market was worth US$2.385 billion in 2019 and is anticipated to grow at a CAGR of 6.65%.

Sinusitis is a prevalent medical condition in which cavities surrounding the nasal passage get inflamed. Symptoms of Sinusitis include nasal blockage, tenderness, sore throat, face swelling, and fatigue among others. To treat Sinusitis, Sinus Dilation devices are extensively employed as they aid in the treatment process. Different types of sinus dilation devices are employed including Balloon Sinuplasty devices, endoscopes, sinus stents, etc. They aid in expanding sinus openings of patients during surgical procedures, thereby helping in treating problems associated with nasal sinuses. Balloon Sinuplasty is a type of endoscopic nasal surgery that facilitates the use of small balloon-type cathedrals to drain long nasal sinuses. The procedure adopted from angioplasty and is extensively used in treating sinus information or blockages in the nose. Moreover, endoscopes are alternatively used in the treatment of sinusitis. An endoscope is a thin flexible tube with a light and a camera attached to it. An ENT extensively uses an endoscope in his everyday regimens. Similarly, Sinus stents are used in the treatment of sinusitis.

sinus dilation device market

The market for sinus dilation devices is estimated to grow at a notable rate during the forecasted period. Shifting consumer market trends towards minimally invasive surgical procedures is driving demand in the market. The changing consumer preferences can be associated with the patient-friendly nature of the operative procedures. Moreover, a rising number of people suffering chronic sinusitis is driving demand for minimally invasive procedures, thereby augmenting growth opportunities in the global sinus dilation devices market. Moreover, supportive government regulations and increasing investment in the healthcare industry are anticipated to further boost demand in the market. For instance, according to Clinical trials, NIH reports, clinical evaluation of simulation dilation devices had been conducted to confirm its efficacy and safety in paranasal sinuses. However, risks associated with nasal surgeries are hindering growth on the market. For instance, risks associated with procedures include bleeding, postoperative infections, and others. Moreover, the lack of skilled ENT surgeons along with the limited adoption of sinus dilation devices in emerging countries is restraining growth in the market.

Prominent market players in the Global SInus dilation devices market include Bausch Health Companies, Dalent LLC., Intersect ENT Inc, Johnson &Johnson, KARL STORZ SE & Co. KG, Medtronic Plc., stryker corp and TE connectivity ltd among others.

Moreover, growing market development initiatives such as mergers and acquisitions and product launches by these prominent entities have augmented growth in the market. For instance, Johson &Johnson through its subsidiary announced the launch of its novel 3D navigation system that helps in the transformation of ENT procedures.

The inclining trajectory in the Balloon and Sinus dilation device and hospital end-user segment is projected to significantly contribute to the growth of the Global sinus dilation device market.

Balloon Sinus dilation device is one of the most used sinus dilation devices worldwide. The device is employed extensively across operative surgeries. The high demand for the product can be associated with numerous benefits offered by the product solution including low risk of bleeding, faster recovery time, and no intended damage or required removal of tissues.

Whereas, the Hospital end-user segment is the largest user of sinus dilation devices. The increased application in the hospital segment can be associated with the ability to afford advanced technological offerings. Moreover, a growing number of hospitals equipped with novel innovative technological solutions is further burgeoning the adoption of sinus dilation devices in the end-user segment. Furthermore, increasing investment in both private and public hospital infrastructure is further surging demand in the sinus dilation device market.

Regional Trends in the Global Sinus Dilation Devices Market

The Global Sinus Dilation device market is fragmented by varied application segments across different businesses including Hospitals, Clinics, Medical stores, and other allied medical research institutions. Eminent market players have adopted various business strategies to sustain, grow and develop in the global sinus dilation devices market owing to the growing need for minimally invasive strategies and increasing cases of patients suffering from chronic sinusitis. Furthermore, companies have adopted numerous collaborative strategies such as partnerships, acquisitions, mergers. Moreover, companies have undertaken various innovative technological advancements, thereby aiding in delivering unique solutions and attracting more players into the market. Furthermore, collaborative agreements and technological advancements by conglomerates and other allied businesses in the North American region have resulted in significant development of the market on the whole. The North American region is estimated to dominate the market share over the forecasted period. The growth in the region can be attributed to a large population suffering from chronic sinus. Additionally, rising investments in the healthcare industry and increasing adoption of novel technological solutions are estimated to further boost demand for these devices in the region. Moreover, favorable reimbursement policies are further augmenting the adoption of sinus dilation devices in the region. For instance, Stryker announced the acquisition of a California-based company, Arrinex for the expansion of the Stryker ENT Unit portfolio.

However, the Asia Pacific region is anticipated to grow at a significant rate over the forecasted period. Developed economies like Japan are witnessing promising growth opportunities for sinus dilation devices. The favorable climate in the country is the integral reason driving demand in the country. Moreover, growing consciousness over minimally invasive surgical procedures in treatment is an integral reason for fuelling demand in the market. Furthermore, the market is expected to offer lucrative growth opportunities owing to increasing investments in the healthcare industry and enhancements in healthcare facilities.

COVID-19 Insights

The COVID-19 outbreak negatively impacted the global sinus dilation devices market. The pandemic induced lockdown and movement restrictions led to supply chain and production disruptions worldwide. Moreover, similarly to medical devices and drugs, sinus dilation devices also need to go through stringent testing which requires them to rely on healthcare institutions for their trials and data collection. Owing to the pandemic, the conduct of such trials was placed on hold as priority was given to other imminent testing programs, thereby impacting the demand for the development of innovative sinus dilation devices. However, post-COVID, the market is expected to revive and provide lucrative growth opportunities over the forecasted period.