Global Sinus Dilation Devices Market, by Product Type (Balloon Sinuplasty Systems Rhinoscopes, Sinuscopes, Sinus Stents, Functional Endoscopic Sinus Surgery (FESS) Instruments Set, and Others), by End User (Hospitals & Clinics and Ambulatory Surgical Centers (ASCs)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 2.7 Billion in 2017, and is projected to exhibit a CAGR of 8.4% over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.
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Sinusitis is an inflammation of sinus, which causes nose blockage and avoids mucus drainage. Sinus dilation devices are used in patients with nose drainage issues related to nasal sinusitis or sinuses to expand the sinus openings. Different types of sinus dilation devices includes balloon sinuplasty systems, rhinoscopes, sinus stents, and functional endoscopic sinus surgery (FESS), and instruments set for sinuses or sinusitis
Key players in the market are focused on launching novel catheters in order to reduce nasal sinusitis or sinuses and address the critical unmet needs of patients. For instance, in January 2014, Acclarent Inc. launched a new range of Balloon Sinuplasty System, RELIEVA, in the U.S. for the treatment of chronic sinusitis in children. This will help the company to diverge its portfolio for various age groups.
Similarly, in June 2015, SinuSys Corporation received CE mark for its two new devices to treat frontal and sphenoid sinusitis, in addition to maxillary disease. This will help the company to expand its product portfolio of low-pressure and self-expanding dilation devices.
Key players are focusing on adopting various business strategies such as mergers and acquisitions to enhance its product portfolio. For instance, Stryker Corporation completed the acquisition of Entellus Medical Inc. in February 2018. Through this acquisition, Stryker Corporation would promote products of Entellus Medical Inc.
The global sinus dilation devices market is expected to exhibit a CAGR of 8.56% over the forecast period, owing to increasing prevalence of chronic sinusitis,. Among product type, the balloon sinuplasty systems segment held a dominant position in the sinus dilation devices market in 2017 owing to higher adoption rate for sinusitis treatment.
Among end user, hospitals and clinics segment held a dominant position in the sinus dilation devices in 2018. This is attributed to the fact that the number of patients visiting hospital and clinical settings is higher as compared to ambulatory surgical centers.
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Key players operating in the global sinus dilation devices market include, Entellus Medical, Inc., Smith & Nephew Plc., Acclarent, Inc., B. Braun Melsungen AG, Medtronic Plc, Olympus Corporation, SinuSys Corporation, InnAccel Technologies, Intersect ENT, Inc.
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