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Sinus Dilation Devices Market to Grow at 9.1% Annual Growth Rate - Premium Insights (2018 to 2022)

ReportsnReports
Posted on: 22 Jun 18
Sinus Dilation Devices Market to Grow at 9.1% Annual Growth Rate - Premium Insights (2018 to 2022)

PR Newswire

PUNE, India, June 22, 2018

PUNE, India, June 22, 2018 /PRNewswire/ --

ReportsnReports.com adds the global sinus dilation devices market is expected to reach USD 2.78 billion by 2023 from USD 1.80 billion in 2018, at a CAGR of 9.1%. High prevalence of chronic sinusitis, growing preference for minimally invasive procedures, benefits of balloon sinuplasty/sinus dilation over conventional sinus surgeries, and favorable reimbursement scenario for sinus procedures in developed countries are the major factors driving the growth of the market.

Browse 62 Market Data Tables and 32 Figures spread through 116 Pages and In-depth TOC on "Sinus Dilation Devices Market by Product (Balloon Dilation, Stents, Endoscope (Rhinoscopy, Sinoscopy), Handheld), Procedure (Standalone, Hybrid), Patient Type (Adult, Pediatric), Patient Care Setting (ENT, Clinic, Hospitals, ASC) - Global Forecast to 2023" at http://www.reportsnreports.com/reports/1544520-sinus-dilation-devices-market-by-product-balloon-dilation-stents-endoscope-rhinoscopy-sinoscopy-handheld-procedure-standalone-hybrid-patient-type-adult-pediatric-patient-care-setting-ent-clinic-h-st-to-2023.html.

The sinus dilation devices market comprises various small and large players. Key players in this market include the major players in the market are Entellus Medical Inc. (subsidiary of Stryker) (US), Acclarent Inc. (subsidiary of Johnson & Johnson) (US), Medtronic plc (Ireland), Smith & Nephew plc (UK), Intersect ENT Inc. (US), and Olympus Corporation (Japan). Other players in the market include Meril Life Sciences Pvt Ltd. (India), SinuSys Corporation (US), InAccel (India), Jilin Coronado Medical Ltd. (China), dalENT Medical (US), and Creganna Medical (Ireland).

Sinus dilation devices market is segmented into balloon sinus dilation devices, endoscopes, sinus stents/implants, and handheld instruments. The sinus stents/implants segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to their drug eluting functionality and reduced scarring and inflammation.

Study estimates the sinus dilation devices market size for 2018 and projects its demand till 2023. In primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various players in sinus dilation devices market.

Order a Copy of " Sinus Dilation Devices Market by Product (Balloon Dilation, Stents, Endoscope (Rhinoscopy, Sinoscopy), Handheld), Procedure (Standalone, Hybrid), Patient Type (Adult, Pediatric), Patient Care Setting (ENT, Clinic, Hospitals, ASC) - Global Forecast to 2023 " research report at http://www.reportsnreports.com/purchase.aspx?name=1544520 .

The sinus dilation devices market is segmented into hospitals, ambulatory surgical centers (ASCs), and standalone ENT clinics/In office. During the forecast period, the ENT clinics/in office segment is expected to grow at the highest CAGR. The growth of this segment can be attributed to the increasing number of treatable patients in ENT clinics, faster recovery time, cost-effectiveness, and growing preference for minimally invasive techniques.

North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in Asia is attributed to the increasing disposable income and improving standards of living in this region, large population base, increasing medical tourism, and high prevalence of sinus-related diseases.

The report provides an overview of the sinus dilation devices market. It aims at estimating the market size and future growth potential of this market across different segments such as product, type of procedure, patient care setting, type of patient, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Download the Sample Papers of "Sinus Dilation Devices Market by Product (Balloon Dilation, Stents, Endoscope (Rhinoscopy, Sinoscopy), Handheld), Procedure (Standalone, Hybrid), Patient Type (Adult, Pediatric), Patient Care Setting (ENT, Clinic, Hospitals, ASC) - Global Forecast to 2023" research report at http://www.reportsnreports.com/contacts/requestsample.aspx?name=1544520.

The sinus dilation market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The dominance of the North American market is attributed to factors such as rapidly increasing geriatric population, rising prevalence of chronic sinusitis, higher adoption of new technologies among ENT surgeons and otolaryngologists, favorable reimbursement scenario, and the presence of major players in this region.

The primary interviews conducted for this report can be categorized as follows: 

  • By Company Type: Tier 1 - 62%, Tier 2 -25%, Tier 3 - 13%
  • By Designation: C-level- 29%, D-level- 25%,others- 46%
  • By Region: North America-55%, Europe-24%,Asia-15%, RoW-6%

Another research titled global bariatric surgery devices market is projected to reach USD 2.16 billion by 2023 from an estimated value of USD 1.64 billion in 2018, at a CAGR of 5.7%. The key factors driving the growth of this market are affordable care and shorter waiting periods offered by bariatric surgery devices, growing investments in urgent care, increasing geriatric population, and strategic developments between urgent care providers and hospitals. Some of the major players in the bariatric surgery devices market include Ethicon (US), Medtronic (Ireland), Intuitive Surgical (US), Apollo Endo surgery (US), and ReShape Lifesciences (US) now available with discount at http://www.reportsnreports.com/contacts/discount.aspx?name=1516300.

Explore more reports on Medical Devices at http://www.reportsnreports.com/market-research/medical-devices/.

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Last updated on: 22/06/2018

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