The Sinus Dilation Market size is projected to reach US$ 5.57 billion by 2031 from US$ 2.73 billion in 2023. The market is expected to register a CAGR of 9.30% in 2023–2031. The rising popularity and demand for minimally invasive surgeries owing to their benefits such as less scarring, smaller incisions, high accuracy and decreased risk of complications, shorter hospital stays, and others, coupled with the rising burden of sinusitis globally.
Sinus Dilation Market Analysis
The increasing number of minimally invasive procedures, rising awareness about the advantages of balloon sinuplasty over other conventional techniques, and the prevalence of chronic sinusitis are the major factors fostering market growth. For instance, according to the article published by the University of Cincinnati in February 2024, chronic sinusitis, also known as chronic rhinosinusitis (CRS), affects approximately 14.6% of the United States population. One of the advanced sinus dilation procedures is balloon sinus dilation, a minimally invasive procedure that replaces the traditional sinus surgery procedure. Hence, the increasing number of balloon sinus dilation procedures in the US is another driving factor.
Sinus Dilation Market Overview
North America is the largest market for Sinus Dilation market growth with the US holding the largest market share followed by Canada. Factors such as the presence of major manufacturers of sinus dilation devices, the rising burden of sinusitis and related diseases, the launch of new products by these manufacturers, and the increased burden of risk factors causing sinusitis are contributing to the market growth. One of the most common reasons for patient visits in the US is sinusitis, also known as rhinosinusitis. For instance, according to the data published by CDC in 2022, the total number of balloon sinuplasty procedures performed in the US was 196,316 in 2022. Hence, the increasing number of these procedures is anticipated to propel the market growth.
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Sinus Dilation Market: Strategic Insights
Market Size Value in US$ 1,918.73 million in 2019 Market Size Value by US$ 3,859.75 million by 2027 Growth rate CAGR of 9.3% from 2019 to 2027. Forecast Period 2019-2027 Base Year 2019
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Sinus Dilation Market: Strategic Insights
| Market Size Value in | US$ 1,918.73 million in 2019 |
| Market Size Value by | US$ 3,859.75 million by 2027 |
| Growth rate | CAGR of 9.3% from 2019 to 2027. |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Sinus Dilation Market Drivers and Opportunities
Rising Prevalence of Sinus Disorders Demanding for Sinus Dilation Favors the Market
As per an article published in PubMed in August 2022, chronic sinusitis is known to intensify asthma and, increase morbidity and mortality and severe sinusitis infections lead to complicated asthma cases. Additionally, in the January 2022 data retrieved from the CDC states that around 28.9 million adults were diagnosed with sinusitis, which is about 11.6% of the country's total adult population of the US. Furthermore, approximately, 2.7 million visits are made to physician offices with chronic sinusitis. Thus, the increasing burden of sinusitis is anticipated to be the major stimulating factor for the growth of sinus dilation globally.
Technological Upgradation in the Sinus Dilation Devices– An Opportunity in the Sinus Dilation Market
Technological advancements in sinus dilation devices are a boosting factor for market growth. Moreover, increasing preference for minimally invasive procedures and advances in sinuscope technology are anticipated to boost segmental growth. For instance, in 2022, SPIGGLE & THEIS Medizintechnik updated its dilation device TubaVent shortwide, a single-use insertion instrument with an added catheter. Such advancement in dilation devices is anticipated to drive the overall market growth of the sinus dilation market.
Sinus Dilation Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Sinus Dilation Market analysis are product, procedure, and end users.
- Based on product, the Sinus Dilation market is segmented into Endoscopes, Balloon Sinus Dilation Devices, Sinus Stents/Implants, and Handheld Instruments. The balloon sinus dilation held a larger market share in 2023. The major share can be attributed to advantages such as low risk of bleeding, no intended damage of sinus tissues, etc.
- By procedure, the market is segmented into Standalone Sinus Dilation Procedures and Hybrid Sinus Dilation Procedures. The Standalone Sinus Dilation Procedures segment held the largest share of the market in 2023. The rising adoption of these procedures for the geriatric population due to lesser surgical complications is driving the growth of this segment.
- By end user, the market is segmented into Hospitals, ENT Clinics, and Ambulatory Surgical Centers. The hospitals segment held the major market share in the year 2023.
Sinus Dilation Market Share Analysis by Geography
The geographic scope of the Sinus Dilation Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the Sinus Dilation Market. The market growth can be attributed to countries. Factors such as the increasing number of balloon dilation procedures, a type of minimally invasive procedure, technological advancement in sinus dilation devices, and the rising prevalence of sinusitis in the North American region. Balloon dilation procedure continues to rise in the US. The procedure used for the treatment of CRS refractory to conservative medical therapy has increased over the last decade. Therefore, the rising number of balloon dilation procedures is propelling the market growth of sinus dilation.
Sinus Dilation Market Report Scope
Sinus Dilation Market News and Recent Developments
The Sinus Dilation Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Sinus Dilation:
- Acclarent, Inc., part of Johnson & Johnson MedTech leader in developing minimally-invasive Ear, Nose & Throat (ENT) technologies, received clearance from the U.S. Food and Drug Administration (FDA) for the Acclarent AERA Eustachian Tube Balloon Dilation System in the treatment of children, ages 8-17, with persistent obstructive Eustachian tube dysfunction (OETD). Acclarent is the first and only company to receive FDA clearance for Eustachian tube balloon dilation in children. (Source: Acclarent, Inc, Press Release/Company Website/Newsletter, December 2023)
- Medtronic plc, a global leader in healthcare technology, launched the NuVent Eustachian tube dilation balloon, which has been cleared by the U.S. Food and Drug Administration (FDA) for the treatment of chronic, obstructive Eustachian Tube Dysfunction. The NuVent balloon enables surgeons to deliver treatment in an outpatient or office setting. It features a flexible balloon section that allows customized placement based on patient anatomy. (Source: Medtronic plc, Press Release/Company Website/Newsletter, Feb 2022)
- Dalent Medical received additional patent protection for its Sinusleeve balloon device, which further protects the company's proprietary device and method for balloon sinus dilation procedures for treating chronic sinusitis. (Source: Delant Medical, Press Release/Company Website/Newsletter, May 2022)
Sinus Dilation Market Report Coverage and Deliverables
The “Sinus Dilation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Procedure Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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