Albany NY, United States: The growth of the global sinus dilation devices market largely depends on advancements in minimally-invasive procedures within healthcare.
Albany NY, United States: The growth of the global sinus dilation devices market largely depends on advancements in minimally-invasive procedures within healthcare. Sinusitis is an extreme medical condition that can cause constant ache and distress in the area surrounding the nose. The use of minimally invasive techniques to cure sinusitis have gained momentum in recent times. These techniques have come in handy in pacifying the patients.
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A major population of people suffering from sinusitis have the condition by birth. This makes matters worse as it is difficult to treat a condition that is genetically present in an individual. However, advancements in medical sciences have made to possible for medical practitioners to control and treat sinusitis.
- Sinus may be triggered by various types of allergies, and the aftermath of this trigger could last for several days or hours. The pain and discomfort caused by the occurrence of sinusitis has led patients to resort to multiple forms of treatment. Most patients prefer to avoid surgeries, and this has brought sinus dilation devices under the spotlight of focus. Acute sinusitis cannot be cured beyond a certain level of pain management. Use of sinus dilation is a regular procedure for patients suffering from severe forms of sinusitis. The revenues earned by the market vendors operating in the sinus dilation devices market is set to multiply.
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- The diagnosis of sinusitis is much easier as compared to other diseases and disorders. In a lot of cases, it gets self-diagnosed, helping people to seek quick medical aid. Therefore, the total volume of revenues within the global sinus dilation devices market is poised to increase alongside advancements in healthcare technologies. Dilation devices are constantly under review to scout for better alternatives, creating new revenues for market growth and maturity. The total demand for sinus dilation devices shall increase by a dramatic chase in the years to come by.
Global Sinus Dilation Devices Market - Snapshot
Sinus dilation is the process of opening up of the blocked sinus passages, enabling adequate drainage and airflow. Sinus dilation devices can be defined as systems employed in performing sinus dilation. Sinus dilation surgeries are minimally invasive procedures with long last ring effects.
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The global sinus dilation devices market was valued at US$ 2,021.4 in 2017 and is anticipated to expand at a CAGR of about 8.2% during the forecast period. Expansion of the market can be attributed to factors such as advantages offered by balloon sinus dilation devices, rise in prevalence of chronic sinusitis, for which surgery is the commonly preferred mode of treatment, strategic acquisitions by key market players, significant product launches, strong focus on research and development, favorable reimbursement scenario, and rise in demand for minimally invasive surgeries.
However, a dearth of skilled specialists, strong preference of patients for medical therapy, which remains the first line of treatment for sinusitis, and risks associated with sinus surgeries are anticipated to hamper the market in the near future.
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In terms of product, the market has been segmented into balloon sinus dilation devices, sinus stents, endoscopy, FESS instruments, and others. The endoscopy segment has been further sub-segmented into sinuscopes and rhinoscopes. The balloon sinus dilation devices segment was a dominant segment in 2017 and is anticipated to remain dominant during the forecast period. However, the sinus stents segment is expected to expand at a high CAGR during the forecast period, owing to strong research in the development of drug eluting sinus stents.
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