Sinus Dilation Devices Market Size

Sinus Dilation Devices Market Size

Sinus Dilation Devices Market size valued at around USD 1.8 billion in 2019 and is projected to grow at a CAGR of 9.1% between 2020 and 2026. Growing cases of chronic sinusitis offer high growth opportunities to the players operating in the market. Lifestyle changes increase in comorbid diseases and environmental factors are some of the attributes surging the sinusitis cases. Advantages associated with minimally invasive procedures such as reduction in blood loss, less recovery time and shorter hospital stays will boost the sinus dilation devices demand.

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The ongoing COVID-19 pandemic has slightly affected the sinus dilation devices industry, as the surgeons around the world have delayed the minimally invasive surgeries required for sinusitis. During this pandemic, elective surgeries have been cancelled or postponed decreasing the risk of patients being exposed to COVID-19 in hospital, thereby supporting the hospitals in converting operating theatres into intensive care units.

Upsurge in demand for more specific and effective technologies for sinusitis treatment is one of the key factors driving the market growth. Growing focus of market leaders on new product development and product upgradation will influence the industry expansion. Furthermore, increasing adoption of minimally invasive procedures in developed as well as developing economies will serve to be an impact rendering factor in the market.

Growing demand for handheld instruments will drive the sinus dilation devices market share

Handheld instruments segment valuation was more than USD 379 million in 2019. Handheld instruments are utilized as visualization aid and support during the sinus dilation procedures that enhances the surgical performance. Increasing number of sinusitis cases across the globe and rise in healthcare spending on sinus dilation procedures will augment the demand for handheld instruments.