The sinus dilation devices market is projected to grow at a steady pace over the coming years owing to increasing demand for cost-effective treatments, reimbursement policies supporting sinus dilation procedures and burgeoning technological advancements. Increasing cases of chronic illnesses as well as growing geriatric population have driven new demand for sinus dilation procedures.
Driven by growing demand, sinus dilation device manufacturers are incorporating new products with advanced technologies. For instance, in 2016, sinus health company, SinuSys Corporation announced the FDA approval for its family of sinus dilation devices consisting of two new low pressure, self-expanding devices that address sinusitis symptoms.
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Sinus dilation devices market is well diversified into some of the major economies including China, the United States, and others. Of these, China is set to produce massive gains across the market, looking forward to depicting a CAGR of 11 per cent through 2026, given a robust presence of large patient pool in conjugation with prolific rise in healthcare expenditure in the country. Believing the statistics put forth by National Center for Biotechnology Information, nearly 107 million people in China suffer from chronic sinusitis annually. Besides, increased patient cognizance regarding presence of advanced treatments in the country is as well supporting the growth of market in the region.
The number of patients suffering from sinusitis has increased worldwide. The Centers for Disease Control and Prevention (CDC) states that, in 2018, around 28.9 million U.S. adults suffered from sinusitis. High arrival of patients in hospitals and ENT clinics could fuel the necessity for sinus dilation devices among doctors.
Growing cases of chronic sinusitis is driving manufacturers to develop advanced sinus dilation devices. As per reports, every year about 37 million people are affected by chronic sinusitis in the U.S. With the adoption of technologically advanced sinus dilation devices, patients facing distress caused by chronic sinusitis can be treated effectively.
The balloon sinus dilation devices segment held a valuation of more than USD 610 million in 2019, and is anticipated to witness substantial growth over the forecast period. Balloon sinus dilation procedures are gaining prominence due to their high efficacy and safety levels.
In 2019, the hospital end-use segment held a valuation of over USD 902 million. Rise in rate of outpatient sinus dilation procedures across hospitals and availability of skilled healthcare professionals capable of carrying out complex sinus surgeries has favored this growth. The number of patients going through sinusitis is also growing exponentially due to the ongoing COVID-19 pandemic, which is in turn driving the demand for sinus dilation procedures across hospitals.
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Partial Chapter of the Table of Content
Chapter 4 Sinus Dilation Devices Market, By Product
4.1 Key segment trends
4.2 Balloon sinus dilation devices
4.2.1 Market size, by region, 2015 – 2026 (USD Million)
4.3 Sinus implants
4.3.1 Sinus Dilation Devices Market size, by region, 2015 – 2026 (USD Million)
4.4 Handheld instruments
4.4.1 Market size, by region, 2015 – 2026 (USD Million)
4.5.1 Market size, by region, 2015 – 2026 (USD Million)
4.6.1 Market size, by region, 2015 – 2026 (USD Million)
Chapter 5 Sinus Dilation Devices Market, By Procedure
5.1 Key segment trends
5.2 Standalone sinus dilation procedures
5.2.1 Market size, by region, 2015 – 2026 (USD Million)
5.3 Hybrid sinus dilation procedures
5.3.1 Sinus Dilation Devices Market size, by region, 2015 – 2026 (USD Million)
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