Sinus Dilation Devices Market Report 2024 - Sinus Dilation Devices Market Growth, Trends And Opportunities

"The Business Research Company recently released a comprehensive report on the Global Sinus Dilation Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 in the historic period can be attributed to chronic sinusitis prevalence, patient preference for minimally invasive procedures, rising awareness, healthcare expenditure, 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 growth in the forecast period can be attributed to increasing cases of chronic rhinosinusitis, preference for outpatient procedures, shift towards value-based healthcare, telemedicine and remote consultations, rise in allergies and environmental factors. Major trends in the forecast period include smart devices and robotics, remote monitoring and follow-ups, hybrid procedures, patient-centric approaches, regulatory advancements.

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Market Drivers and Trends:
The prevalence of chronic sinusitis is driving the sinus dilation devices market going forward. Chronic sinusitis is characterized by inflammation and swelling of the sinuses that persists for an extended period, typically lasting for at least 12 weeks or longer. Sinus dilation devices such as balloon sinuplasty are used to treat chronic sinusitis by opening the blockages in the sinus using a balloon to open the nasal passages and promote better sinus drainage. For instance, in January 2023, according to Frontiers, a US-based open-access journal, the prevalence of chronic sinusitis among Chinese people was 10%, the prevalence among people living in cities was 18%, and the prevalence among people living in rural areas was 27%. Additionally, in February 2023, according to Pulse Notes, a UK-based medical data company, chronic sinusitis affected 10% of the UK population, and chronic sinusitis with nasal polyps was observed in 4%. Therefore, the increasing prevalence of sinusitis is driving the sinus dilation devices market.

Product innovations are a key trend gaining popularity in the sinus dilation device market. Major companies in the sinus dilation devices market are introducing technologically advanced devices to sustain their position in the market. For instance, in July 2021, Intersect ENT, a US-based manufacturer of sinus implants, launched the VenSure balloon sinus dilation system and Cube 4D navigation system to improve workflow. The VenSure balloon sinus dilation system is a balloon dilation system that uses integrated chip-on-the-tip electromagnetic technology. It also has an ergonomic design, which makes it a great fit in hand and allows easy maneuvering and handling.

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Major Key Players of the Market:
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

Sinus Dilation Devices Market 2024 Key Insights:
• 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%.
• Rising Chronic Sinusitis Incidence Propels Growth In Sinus Dilation Devices Market
• Product Innovations Transforming The Sinus Dilation Device Landscape
• North America was the largest region in the sinus dilation devices market in 2023

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