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Balloon Sinus Dilation Devices segment by product is estimatedtolead the market growthduring the forecast period
According to The Insight Partners market research study of “Asia Pacific Sinus Dilation Market Forecast to 2027 - COVID-19 Impact and Country Analysis by Product, Procedure Type and End User,” the Asia PacificSinus Dilation market is expected to reach US$ 743.00 mn in 2027 from US$ 354.00mn in 2019. The market is expected to grow with a CAGR of 9.9% from 2019-2027. The report highlights trends prevailing in the Asia Pacific Sinus Dilation market and the factors driving the market along with those that act as hindrances.
Based on the product, the Asia Pacific Sinus Dilation market is further segmented into the Endoscopes, Balloon Sinus Dilation Devices, Sinus Stents/ Implants and the Handheld Instruments. Among them Balloon Sinus Dilation device segment held the largest share in 2019. And is expected to retain its dominance in the forecast period. The key market drivers for the growth of segment includes increase the amount of product approvals along with growth in popularity of surgical procedures to treat Sinusitis and related disorders.
Asia Pacific Sinus Dilation market is expected to grow owing to factors such as the rising the product approvals of this particular therapeutic range with ANDA and NDA. Along with increase in need as well as popularity to treat chronic Sinusitis by surgical procedures. However, the high cost of sinus dilation procedures is about to hinder the growth of Sinus Dilation Market.
Medtronic, Smith and Nephew, Johnson and Johnson Services Inc, Stryker Corporation, Intersect ENT, Inc. are among the leading companies operating in the Asia Pacific Sinus Dilation market.
The report segments APAC Sinus Dilation Market as follows: