October 04, 2019
According to the latest study titled ‘Global Sinus Dilation Devices Market Growth 2019-2024’ available with Market Study Report LLC, the global sinus dilation devices market is expected to accrue US$ 760 million by the year 2024.
As per report, more than 31 million people in the United States are afflicted by chronic sinusitis. It is more frequent than heart disease and asthma. Chronic sinusitis has greater impact on the quality of life of patients as compared to chronic backpain or congestive heart failure. Growing instances of chronic sinusitis among the population around the globe is propelling the growth of sinus dilation devices (SDD) market.
The report claims that the most effective treatments for patients suffering from chronic sinusitis are balloon dilation at high pressures and functional endoscopic sinus surgery (FESS). These procedures cause significant patient discomfort and are conducted in a surgical suite under general anesthesia or IV sedation.
The global sinus dilation devices market was valued at US $340 million in 2019 and is anticipated to grow with a CAGR of 14.7% over the analysis timeline. The market size is projected to reach US$ 760 million by the year 2024, claims the report.
The global sinus dilation devices market is fragmented based on product type as no-balloon sinus dilation and balloon sinus dilation. Balloon sinus dilation segment held 97% share in 2016, claims the report. While based on application spectrum, it is segmented as physician’s office and operating room, wherein the operation room segment comprised 51% share of sinus dilation devices market in 2016.
Based on the geographical landscape, the global sinus dilation devices market is divided in four major regions including Americas, APAC, Europe, and Middle east & Africa. Moreover, North America was reported to be the leading supplier in the SDD market with 96% production share in 2016.
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The study analyzes the SDD market on various parameters including production, market share, revenue and growth rate. The report also provides exhaustive insights about the drivers, future trends, opportunities, and challenges impacting the market outlook.
The key players operating in the global sinus dilation devices market profiled in the report comprise of Acclarent, Entellus Medical, Medtronic, Smith & Nephew, and SinuSys Corporation.