Sinus Dilation Devices Market Analysis

Sinus Dilation Devices Market Analysis

Hybrid sinus dilation procedures segment in the sinus dilation devices market is anticipated to witness 9.2% growth rate till 2026. Hybrid sinus dilation procedure is a combination of standalone sinus dilation with functional endoscopic sinus surgery (FESS). Availability of superior quality sinus dilation devices, implants and other instruments will facilitate the performance of hybrid sinus dilation procedures. These attributes have enhanced the success rate of hybrid sinus dilation procedures that will in turn impact its preference amongst the doctors and physicians.

 Physician’s office end-use segment is estimated to attain a CAGR of over 10% through 2026 owing to the rising number of sinus dilation procedures conducted at physician’s office. The procedures are carried out in a single day at physician’s office that enables faster patient recovery. Patients with chronic rhinosinusitis often prefer receiving treatment at the physician’s office.
 

For instance, facility-based hybrid endoscopic sinus surgery (ESS) procedures are performed efficiently and patients can resume their daily activities in shorter period of time. Hence, these attributes have boosted the number of sinus dilation procedures taking place at physician’s office. In addition, population with low income prefer receiving treatments at the physician’s office as they offer sinus dilation treatment at relatively lower costs compared to the hospitals.
 

U.S. dominated the North America sinus dilation devices market with USD 564 million revenue in 2019 driven by the presence of state-of-the-art healthcare facilities and large patient population suffering from chronic sinusitis in the country. Strong foothold of key industry players coupled with high adoption of new technologies will augment the market expansion. Favorable reimbursement scenario will increase the adoption rate of sinus procedures among the patient population.
 

Japan market size crossed USD 145 million in 2019 impelled by increasing prevalence of acute as well as chronic sinusitis in the country. Climate and humidity factors are also noted as prime reasons for sinus diseases. Growing awareness regarding minimally invasive procedures for treatment as well as improving healthcare facilities will accelerate the market statistics.