Sinus Dilation Devices Global Market Report 2024

The sinus dilation devices market size has grown strongly in recent years. It will grow from $2.77 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be attributed to factors such as the prevalence of chronic sinusitis, patient preference for minimally invasive procedures, increased awareness, healthcare expenditure, and the aging population.

The sinus dilation devices market size is expected to see strong growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The anticipated growth in the forecast period can be attributed to the increasing cases of chronic rhinosinusitis, a preference for outpatient procedures, the shift towards value-based healthcare, the adoption of telemedicine and remote consultations, and the rise in allergies and environmental factors. Key trends expected in the forecast period encompass the integration of smart devices and robotics, the implementation of remote monitoring and follow-ups, the emergence of hybrid procedures, the adoption of patient-centric approaches, and advancements in regulatory frameworks.

The sinus dilation devices market is experiencing growth driven by the prevalence of chronic sinusitis. Chronic sinusitis, marked by prolonged inflammation and swelling of the sinuses lasting at least 12 weeks, is a condition addressed by sinus dilation devices such as balloon sinuplasty. These devices facilitate the treatment of chronic sinusitis by employing a balloon to open nasal passages and alleviate sinus blockages. In January 2023, Frontiers reported a 10% prevalence of chronic sinusitis among the Chinese population, with urban and rural areas witnessing 18% and 27% prevalence, respectively. Moreover, Pulse Notes, in February 2023, noted that chronic sinusitis affected 10% of the UK population, with 4% exhibiting chronic sinusitis with nasal polyps. Thus, the increasing prevalence of sinusitis is a driving factor for the sinus dilation devices market.

The sinus dilation devices market is anticipated to witness growth due to the rise in healthcare expenditures. Healthcare expenditures, encompassing costs related to health services, family planning, and emergency aid, contribute to advanced technology development and minimally invasive treatments for sinus-related conditions. According to the Centers for Medicare & Medicaid Services in December 2023, US healthcare spending reached $4.5 trillion in 2022, with a per-person expenditure of $13,493. This accounted for 17.3% of the country's Gross Domestic Product. Consequently, the increasing healthcare expenditures are propelling the sinus dilation devices market.

An emerging trend in the sinus dilation devices market is the emphasis on product innovation by major companies. These companies are introducing technologically advanced devices to enhance their market positions. For instance, Intersect ENT, a US-based manufacturer of sinus implants, introduced the VenSure balloon sinus dilation system and Cube 4D navigation system in July 2021. The VenSure system employs integrated chip-on-the-tip electromagnetic technology and features an ergonomic design for easy maneuvering.

Major companies in the sinus dilation devices market are directing their efforts toward next-generation solutions, incorporating machine learning algorithms to address evolving patient needs and treatment efficacy. Machine learning algorithms enable computers to learn and improve from data without explicit programming. Acclarent Inc., a US-based medical device company, launched AI-powered ENT technology in September 2021. This technology, integrated with the TruDi Navigation System, employs machine learning algorithms for efficient preoperative planning and navigation during ENT procedures.

In May 2022, Medtronic PLC, an Ireland-based medical device company, acquired Intersect ENT, a US-based manufacturer of sinus implant products and technologies, for an undisclosed amount. This strategic acquisition aims to expand Medtronic's comprehensive portfolio in ear, nose, and throat (ENT) and sinus procedure supplies.

Major companies operating in the sinus dilation devices market report are Johnson & Johnson Co, Aetna Inc., Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, Smith & Nephew PLC, Dentsply Sirona Inc., Bausch & Lomb Incorporated, B. Braun Melsungen AG, Nordson MEDICAL Corp, Straumann Group, Cook Medical Inc., Karl Storz GmbH & Co. KG, Meril Life Sciences Pvt. Ltd., Teleflex Incorporated, Nobel BioCare LLC, Richard Wolf GmbH, Acclarent Inc., Intersect ENT Inc., Sklar Corporation, SinuSys Corporation, XION GmbH, Innaccel Technologies Pvt. Ltd., Innovia Medical, Poba Medical.

North America was the largest region in the sinus dilation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the sinus dilation devices market report during the forecast period. The regions covered in the sinus dilation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sinus dilation devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of sinus dilation devices encompass balloon sinus dilation devices, endoscopes, functional endoscopic sinus surgery (FESS) instrument sets, sinus stents or implants, and others. Balloon sinus dilation devices specifically target the opening of blocked or narrowed sinus passages, addressing conditions such as chronic sinusitis. These devices contribute to enhanced drainage and airflow. The major procedures involve standalone and hybrid approaches, and they find application in both adult and pediatric cases. End-users of sinus dilation devices include hospitals, ENT clinics, and other healthcare facilities.

The sinus dilation devices market research report is one of a series of new reports that provides sinus dilation devices market statistics, including sinus dilation devices industry global market size, regional shares, competitors with a sinus dilation devices market share, detailed sinus dilation devices market segments, market trends and opportunities, and any further data you may need to thrive in the sinus dilation devices industry. This sinus dilation devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The sinus dilation devices market consists of sales of sinus irrigation devices, sinus guide catheters, balloon inflation devices, catheter hands, sinus treatment kits, and nasal forceps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.