The market is witnessing continued innovation, with companies investing in research and development to improve device efficacy and patient outcomes.
Wilmington, Delaware, United States, October 11, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Company – worldwide Sinus Dilation Devices Market It is expected to grow at a compound annual growth rate of 7.2% from 2021 to 2031. The sinus dilation device market is expected to reach $4.7 billion by 2031.
The sinus dilation devices market is experiencing significant growth due to rising prevalence of chronic sinusitis, increasing awareness of minimally invasive procedures, and advancements in medical technology.
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Chronic sinusitis affects millions of people worldwide, causing symptoms such as nasal congestion, facial pain and difficulty breathing. Traditional treatment usually involves medication or extensive surgery.
Sinus dilation devices offer a less invasive alternative. These devices work by widening the sinus openings, improving drainage, and relieving symptoms.
Balloon sinus dilation is particularly valued. It involves inserting a small, flexible balloon catheter into the sinus passage and then inflating it to widen the opening and restore normal airflow.
Increasing patient preference for outpatient surgeries coupled with the convenience and effectiveness of these devices is driving the market expansion.
Key Points of Market Research
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The global sinus dilation devices market size will reach USD 2.4 billion in 2021.
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In 2021, the independent segment held a significant market share of approximately 72%.
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In 2021, the Asia-Pacific region accounted for approximately 25.27% of the global market share.
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In 2021, North America accounted for an important share of approximately 38.44% in the global industry.
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In 2021, the hospital segment dominated the international market, accounting for approximately 58% of the market share.
Global Sinus Dilation Devices Market – Key Drivers and Trends
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Sinus dilation devices offer a less invasive alternative to traditional sinus surgery. This makes them a popular choice among patients and aids market growth.
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Continuous advances in medical technology have led to the development of precise and efficient sinus dilation devices.
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Some of the innovations in the market include advanced catheter designs, imaging technology, and real-time guidance systems. These innovations have improved the accuracy and efficiency of procedures, driving the adoption of these devices.
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Rising awareness about sinusitis symptoms, available treatment options, and benefits of minimally invasive surgery is driving market growth.
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Patients are increasingly seeking appropriate treatment, resulting in a high demand for sinus dilation devices.
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Regional landscape of sinus dilation devices market
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The North American market is characterized by advanced medical infrastructure and widespread awareness about sinus-related diseases. Technological advancements and preference for minimally invasive surgeries have contributed to the significant growth of the market.
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Europe is following a similar trajectory, with well-established healthcare systems and an increasing focus on minimally invasive treatments. The market benefits from a large patient population, increasing prevalence of sinusitis, and continued technological advancements. Countries such as Germany, France, and the United Kingdom are major contributors to the European market.
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Asia Pacific is experiencing significant growth owing to improving healthcare infrastructure and rising awareness about sinus-related diseases. Emerging economies such as China and India offer huge market opportunities driven by large populations and growing investments in healthcare.
competitive landscape
Competition among the major players in the sinus dilation devices market is high, such as Medtronic plc, Smith & Nephew plc, Olympus Corporation, KARL STORZ SE & Co. KG, Acclarent, Inc. (Johnson & Johnson), Entellus Medical, Inc. (Stryker ), Intersect ENT, Inc., SinuSys Corporation, Meril Life Sciences Pvt. Ltd. and Dalent LLC.
Market leading companies focus on technological advancement, product innovation and strategic cooperation to gain competitive advantage. Expansion into emerging markets, investment in research and development, and regulatory approval are key strategies.
Key market innovations
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Dalent Medical’s Sinusleeve balloon device received new patent protection in May 2022. It reinforces the organization’s exclusive technology and process for balloon sinus dilation surgery to treat chronic sinusitis.
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Medtronic acquired Intersect ENT in May 2022 to expand its otolaryngology portfolio with novel products for sinus surgery.
Key areas covered
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go through product
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by program
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By patient type
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by end user
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by region
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North America
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Latin America
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Europe
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Asia-Pacific
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Middle East and Africa
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About Transparency Market Research
Transparency Market Research is a global market research company registered in Wilmington, Delaware, USA, providing customized research and consulting services. Our unique combination of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and a variety of tools and techniques to collect and analyze information.
Our data repository is continuously updated and reviewed by a team of research experts so that it always reflects the latest trends and information. Transparency Market Research has extensive research and analytical capabilities, employing rigorous primary and secondary research techniques to develop unique data sets and research materials for business reports.
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