- Minimally invasive procedures have witnessed technological advancements and that is set to pave way for growth in the market
- Higher acceptance of balloon sinus dilation devices for rhinosinusitis treatment to be a major growth factor
- North America and Europe will hold a major share of the global sinus dilation devices market
ALBANY, N.Y, Aug. 10, 2020 /PRNewswire/ -- A compound annual growth rate of 8.2% will be charted by global sinus dilation devices market over the period of 2018 to 2026, taking the market worth up to a considerable value. Factors such as clinical acceptance of balloon sinuplasty, and growing research and development (R&D) in the field are leading to growth in the market.
As per Transparency Market Research, "Adoption of systems that are lowering care cost is fuelling growth in the global market over the forecast period. It is pertinent to note here that innovation in design is a major determinant of growth in global sinus dilation devices market."
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Key Findings of Global Sinus Dilation Devices Market Study:
- Balloon Sinus Dilation devices will account for a major market share over the forecast period
- Increase in adoption of these devices in chronic rhinosinusitis treatment is paving way for growth of the aforementioned segment
- North America to hold a prominent share of the market while Asia Pacific is set to generate multiple opportunities of growth over the forecast period
For a detailed analysis of global sinus dilation devices market by product, patient type, procedure, end-user, and region, visit TOC at https://www.transparencymarketresearch.com/report-toc/59688
Key Drivers of Growth in Global Sinus Dilation Devices Market:
- Minimally invasive procedures are high in demand from people suffering from chronic rhinosinusitis, leading to growth in the market
- Growing cases of chronic sinusitis is paving way for growth in the global sinus dilation devices market
- Advancement in technology and focus on innovation are set to propel market on a high growth trajectory
- Increase in research and development activities is marking the market landscape and this is set to drive it forward
- Growing awareness regarding the condition and available treatments and devices is fuelling growth
Regional Analysis of Global Sinus Dilation Devices Market:
- North America will be a prominent regional market owing to growing focus on improving the continuum of care in ENT
- High adoption of advanced technology is also a notable growth factor in the North American region
- Over the forecast period, the Asia Pacific region will present market players with novel growth avenues
- India and Japan will be notable markets in the region owing to increase in patients of sinusitis
Analyze global sinus dilation devices market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php
Competitive Landscape of Global Sinus Dilation Devices Market:
Renowned players operating in the global sinus dilation devices market are 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, among others. It is pertinent to note here that players are heavily reliant on technology in order to ensure future growth. Advancement in design is also leading to growth in the market. Additionally, research and development holds a prominent place in the overall growth strategy.
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Transparency Market Research has provided players with a deep-dive into growth strategies deployed by top players along with a comprehensive profile of the players in its report on the market. It has also laid out financial overview and product details.
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Market Segmentation:
By Product:
- Balloon Sinus Dilation Devices
- Sinus Stents
- Endoscopy (Rhinoscopes, Sinuscopes)
- FESS Instruments
By Procedure:
- Standalone
- Hybrid
By Patient Type:
- Adult
- Pediatric
By End user:
- Hospitals
- Ambulatory Surgical Centers
- ENT Clinics
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Drug-eluting Stents Market: According to the latest research by Transparency Market Research (TMR) on the drug eluting stents market, the worldwide sales of drug-eluting stents will reach ~US$ 5.5 billion in 2019, recording a promising CAGR of ~5% during the period of 2019-2027, the introduction of fully-bioresorbable stents, rise in the prevalence of cardiovascular diseases, and product launches by key market players are key factors that are anticipated to drive the market.
Rhinoscope Devices Market: Increase in the number of cases of chronic sinusitis have fueled the demand for rhinoscope devices market for diagnosis and treatment purposes. Moreover, advancements in the sinusitis treatment will have a positive impact on the market and contribute to its growth significantly during the forecast period.
Endoscopy Equipment Market: According to the TMR, the global endoscopy equipment market was valued at US$27.5 bn in 2017 and is expected to decline with 4% CAGR over the forecast period from 2017 to 2025 to reach a value of US$33.5 bn by the end of forecast period. Surge in incidences of cancer and gastrointestinal diseases among other chronic diseases globally, owing to the growing in geriatric population, changes in demographics & lifestyle, and obesity are the major factors fuelling growth of the endoscopy equipment market.
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