The high prevalence of chronic sinusitis, growing preference for
minimally invasive procedures, benefits of balloon sinuplasty/sinus
dilation over conventional sinus surgeries, and favourable reimbursement
scenario for sinus procedures in developed countries are the major
factors driving the growth of the market.
According to research report the sinus dilation devices market is expected to reach USD 2.78 billion by 2023 from USD 1.80 billion in 2018, at a CAGR of 9.1%.
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The high prevalence of chronic sinusitis, growing preference for
minimally invasive procedures, benefits of balloon sinuplasty/sinus
dilation over conventional sinus surgeries, and favorable reimbursement
scenario for sinus procedures in developed countries are the major
factors driving the growth of the market. However, the dearth of skilled
otolaryngologists and ENT surgeons is expected to challenge market
growth to a certain extent.
The sinus dilation devices market, by product, is segmented into balloon
sinus dilation devices, endoscopes, sinus stents/implants, and handheld
instruments. In 2018, the sinus stents/implants segment is expected to
register the highest CAGR during the forecast period. The growth of this
segment can be attributed to their drug eluting functionality and
reduced scarring and inflammation.
Based on type of patient, the sinus dilation devices market is segmented
into adult and pediatric. The adult patient segment is expected to
register the highest CAGR during the forecast period. The growth of this
segment can be attributed to the high prevalence of chronic sinusitis
in the geriatric population and the availability of several quality
products specifically for adult sinusitis patients.
Based on patient care setting, the sinus dilation devices market is
segmented into hospitals, ambulatory surgical centers (ASCs), and ENT
clinics/In office. The ENT clinics/In office segment is expected to grow
at the highest CAGR during the forecast period. This can be attributed
to the increasing number of treatable patients in ENT clinics, faster
recovery time, cost-effectiveness, and growing preference for minimally
invasive techniques.
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Among the four regional segments covered in the sinus dilation devices
market—North America, Europe, Asia, and the Rest of the World (RoW).
Geographically, the sinus dilation devices market in the Asian region is
expected to register the highest CAGR during the forecast period.
Growth in this regional segment is largely driven by the increasing
disposable income and improving standards of living in this region,
large population base, increasing medical tourism, and high prevalence
of sinus-related diseases in the region.