According to Report, the global sinus dilation device market size is expected to surpass around US$ 8.6 billion by 2030 from valued at US$ 2.7 billion in 2020 and expanding growth at a CAGR of 15% from 2021 to 2030.
According to Report, the global sinus dilation device market size is expected to surpass around US$ 8.6 billion by 2030 from valued at US$ 2.7 billion in 2020 and expanding growth at a CAGR of 15% from 2021 to 2030.
Increasing cases of obesity, and a resultant rise in the incidence of sinus-related conditions are the major factors contributing to the market growth. The introduction of technologically advanced devices is also one of the key factors boosting market growth. Major market players are focusing on R&D activities to introduce minimally invasive procedures creating a positive impact on the adoption of MIS procedures.
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Some of the inventions in the market related to endoscopic approaches include a nasal endoscope, rhinoscopes, and balloon sinus dilation devices. An increase in medical reimbursements across major markets is likely to fuel the market growth. Rising adoption of and growing per capita expenditure coupled in developed as well as developing countries is predicted to augment the market growth.
Report Highlights
The Balloon Sinus Dilation (BSD) devices segment captured the largest revenue share of more than 57% in 2020. BSDs are safe, small, flexible, and effective in improving symptoms of sinusitis. As sinus dilation procedure does not involve tissue ablation, it results in quick turnaround time and patient comfort. However, BSD procedures are temporary, and patients may have to go for repeat procedures.
The standalone procedure segment captured the highest revenue share of over 78% in 2020. Balloon sinus ostial dilation is performed as a standalone procedure. Standalone balloon dilation is as effective as functional endoscopic sinus surgery for treating chronic rhinosinusitis. In addition, the rising preference for minimally invasive surgical procedures due to increased adoption of health insurance is anticipated to fuel segment growth.
| Report Coverage | Details |
| Market Size | US$ 8.6 billion by 2030 |
| Growth Rate | CAGR of 15.0% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Procedure, Application, End use |
| Regional Scope | North America, Latin America, Europe, Asia Pacific, MEA |
| Companies Mentioned | Stryker; Smith & Nephew; Olympus Corp.; Medtronic |
The hospitals segment accounted for the largest revenue share of over 61% in 2020 and is expected to witness considerable growth during the forecast period owing to the high volume of surgical procedures performed in hospitals. The increasing prevalence of chronic sinusitis coupled with favorable reimbursement criteria is anticipated to boost the segment growth. The availability of technologically advanced infrastructure and medical equipment along with the ability to perform complex sinus surgeries are projected to boost segment growth.
The adult patient segment accounted for the highest revenue share of more than 78% in 2020 owing to the high prevalence of sinusitis in adults. For instance, in September 2017, according to the CDC, sinusitis is more common in adults than in children. 9 out of 10 viral sinusitis cases in adults were observed in the U.S.
North America captured the largest market share of more than 50% in 2020 and is expected to continue its dominance over the forecast period. The dominance can be attributed to the presence of highly regulated and developed healthcare infrastructure. Moreover, the availability of advanced products due to the presence of major market players is boosting the market growth. Asia Pacific is projected to exhibit the fastest CAGR over the forecast period owing to an increase in disposable income and improvement in patient awareness about sinus surgical procedures.
Key Players
- Stryker
- Smith & Nephew
- Olympus Corporation
- Medtronic
Market Segmentation
- Product Outlook
- Balloon Sinus Dilation Devices
- Endoscopes
- Functional Endoscopic Sinus Surgery (FESS) Instruments Set
- Sinus Stents/Implants
- Others
- Procedure Outlook
- Standalone
- Hybrid
- Application Outlook
- Adult
- Pediatric
- End-use Outlook
- Hospitals
- ENT Clinics/In-office
- Ambulatory Surgical Centers (ASCs)
- Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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