Sinus is also called as chronic rhinosinusitis, it is a disorder in which cavities around nasal known as (sinuses) get inflamed and swollen for weeks. The people suffering from sinus may have signs such as nasal block, tenderness, swelling of the face, sore throat, nausea, fatigue and pain in jaw and teeth. In addition, one of the innovative sinus dilation procedure is the balloon sinus dilation, a minimally invasive technique that replaces the out-dated sinus surgeries procedure. However, new devices have been established that do not utilize balloon dilation, but allow for a more gradual dilation through an osmotic process using the body’s natural mucosal fluids to increase the insert before removal. This technique is mentioned to as self-expanding absorptive sinus ostial dilation. Furthermore, according to the American Cancer Society, cancers of the paranasal sinuses and nasal cavity are rare, and affect nearly 2,000 people in the U.S. each year. Thus, mounting rate of chronic sinusitis provides high growth potential to the players working in sinus dilation devices market thereby expanding the business growth globally.
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SINUS DILATION DEVICES MARKET OUTLOOK
High prevalence of chronic sinusitis, advancements in technology and favorable reimbursement scenario are the factors driving the market growth. In addition, key players are taking strategic decisions to gain market share in cell-based research is also expected to fuel the growth of sinus dilation devices market. However, growing healthcare market in emerging economies is one factor hampering the growth of the market.
SINUS DILATION DEVICES MARKET SEGMENTAL OVERVIEW
The Sinus Dilation Devices Market is segmented product, type of procedure, patient type, end user and geography
SINUS DILATION DEVICES MARKET BY PRODUCT
On the basis of product, the sinus dilation devices market is segmented into balloon sinus dilation devices, endoscopes, sinus stents/implants and handheld instruments. The Endoscopes segment is further classified into sinuscopes and rhinoscopes. Balloon Sinuplasty (BSP) uses a small, flexible, balloon catheter to open up blocked sinus passageways and facilitate drainage of the mucus that builds up in patients suffering from chronic sinusitis symptoms.
SINUS DILATION DEVICES MARKET BY TYPE OF PROCEDURE
Based on the type of procedure, the sinus dilation devices market is bifurcated into standalone sinus dilation procedures and hybrid sinus dilation procedures. Among these, the standalone sinus dilation procedures segment dominated the market in 2018, owing to the benefits presented by standalone procedures such as quick relief and decrease in long-lasting cold symptoms and blocked nose.
SINUS DILATION DEVICES MARKET BY PATIENT TYPE
The patient type studied in this report are adult and pediatric. The adult segment accounted for the largest market share owing to the increase in the prevalence of sinusitis among adults. In addition, this segment is also attributed due to the increasing ageing population around the world.
SINUS DILATION DEVICES MARKET BY END USER
The end user of the sinus dilation devices market is segmented into hospitals, ambulatory surgical centers and ENT clinics/in office. The hospitals segment dominated the market due to the availability of technologically advanced infrastructures, benefits of having combined healthcare facilities and the capability to perform complex sinus operations.
SINUS DILATION DEVICES MARKET BY GEOGRAPHY
Geographically, the global sinus dilation devices market is diversified into North America, Europe, Asia-Pacific and rest of the world. The North America region dominated the sinus dilation devices market in the 2018, owing to increasing prevalence of chronic sinusitis, greater adoption of new technologies among ENT specialists. However, Asia Pacific is projected to emerge as the most promising region during the forecast period.
SINUS DILATION DEVICES MARKET KEY PLAYERS
The key companies operating in the market are Entellus Medical Inc. (A Subsidiary of Stryker), Medtronic, Acclarent, Inc. (A Subsidiary of Johnson Johnson), Smith Nephew PLC, Intersect ENT, Inc., Sinusys Corporation, Innaccel Pvt. Ltd, Meril Life Sciences Pvt Ltd., Jilin Coronado Medical Ltd., Dalent LLC., Creganna Medical., Olympus. New product launches, mergers acquisitions are the key strategies adopted by market players to ensure their growth in the market.
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