Sinus Dilation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Sinus Dilation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2020 | Medical Devices | PPT format

Report Digest


Sinus Dilation Devices Market: Overview

The global sinus dilation devices market is expected to witness an aggressive growth during the forecast period 2018 – 2028, owing to rise in healthcare expenditure particularly in the developed countries as well as in emerging countries. Emerging economies to play a vital role in the growth of the market. Growing inclination towards minimally invasive treatments in regions such as Asia Pacific to augment market growth over the tenure period. Sinuses are hollow sacks present in heads which are responsible to secrete mucus and prevent nasal cavity from drying. However at times, the opening of sinuses is blocked, thus trapping the mucus in the sinuses, causing congestion, inflammation of the sinus, and headache. Rise in adoption of minimally invasive surge in developed countries along with developing countries is likely to provide a significant boosts to the market due to lesser hospital stays and less recovery time.

Sinus Dilation Device Market: Drivers and Restraints

Increasing cases of sinusitis all across the world is anticipated to provide extra momentum for dilation devices market. Sinusitis not only affects adults, as major population in the U.S who are under the age of 18 years face severe sinusitis. Rising cases of chronic sinusitis is foreseen to provide a new scope for players present in the market. Apart from these, rapid advancement in technology is helping the manufacturers come up with new devices like balloon sinus dilation systems. This is likely to provide an extra boosts to the market growth. Balloon sinus dilation system is likely to be preferred more by physicians as this devices are less invasive and more effective. Growing initiatives by government of various countries, particularly developing countries to develop healthcare infrastructure is anticipated to bode well with the market growth. Rise in investment to develop new market devices to propel sinus dilation devices market growth.

However, keeping aside the drivers, the sinus dilation devices market is confronted by several restraints which are likely to hamper market growth. Rise in intake of prescription drugs such as decongestants and antibiotics to treat sinusitis is likely to dissuade users from adopting sinus dilation devices.

Sinus Dilation Device Market: Market Potential

Recently, Intersect ENT, a major player in the sinus dilation device market announced the launch of SINUVA sinus implant. The company mentioned that this will be a new way of treating nasal polyp disease in patients who are adults and already had sinus surgery. This is a new in-office treatment which promises to reduce symptoms of nasal congestion and polyps.

Sinus Dilation Device Market: Regional Outlook

On the basis of region, North America is anticipated to dominate the global sinus dilation devices market. Presence of major players in the sinus dilation devices market and their efforts to expand their product portfolio is favoring the region to grow exponentially. However, it has been noticed that Asia Pacific is predicted to exhibit fastest CAGR over the tenure period owing to growing cases of sinusitis in the region. Rise in preference for adopting sinus dilation device is also favoring the region to grow.

Sinus Dilation Device Market: Competitive Analysis

Some of the major players in the sinus dilation devices market are Enetellus Medical, Inc., SinuSys Corporation, Medtronic PLC, Acclarent, Inc., and Olympus Coporation.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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