Global Sinus Dilation Products Market: Snapshot

Sinuses are the hollow cavities present in the cranial bone, used to store and secrete mucus and also doubling up as a resonance chamber for the voice. The upkeep of the sinus can play a vital role in maintaining overall human health. Sinuses can naturally expel mucus and foreign objects with ease, but there are commonly occurring cases where the sinus cavity of a person may not be able to do so. The cause for this ranges from diseases and infections that cause the sinus to get inflamed or congested, to congenital defects in the sinus cavity. The more severe cases of sinus congestion, known as sinusitis, requires medical aid to be maintained, giving rise to the need for products such as sinus dilation products.

Commonly, sinus dilation products can vary in type depending on the type of sinus congestion, which is classified into chronic, acute, and sub-acute, based on the duration of symptoms affecting a patient. Some of the key factors driving the global sinus dilation products market are the growing number of patients suffering from nasal congestion, along with the consistent rate of development in products. Products such as balloon nasal dilation devices that are aimed at the more severe cases of nasal congestion are being developed at a very fast pace, allowing their use to cause minimal discomfort to a patient while improving results.

Sinuses are hollow, air-filled cavities in the cranial bones, near the nose and connecting to it. Sinuses are used for secretion of mucus and thus helps in providing resonance to the voice. Mucus plays a vital role by preventing foreign particles from reaching the lungs and preventing the nasal cavity from dryness. The sinuses have openings which allows the mucus to drain and flow into the nasal passage. But in few cases, the sinus openings are blocked and thus the mucus remains logged inside causing infection, headache, congestion, and inflammation. This severe condition is called sinusitis. According to the duration of symptoms, sinusitis is divided into three types: acute, sub-acute, and chronic. The treatment of sinusitis is decided depending upon the duration of infection. Sinus dilation devices are used for dilating the sinus openings in order to allow the mucus to drain. This is a minimally invasive procedure and has long-lasting effects. In case of chronic sinusitis, doctors recommend surgery.  

Important factors driving the growth of the sinus dilation products market are increasing incidence of sinusitis worldwide and continuous innovation in technology. According to the CDC, nearly 12% of population in the U.S., in the age group of 18 years and above, suffers from sinusitis. New developed devices and technologies such as balloon sinus dilation systems are more effective and have less invasive risk. This factor is likely to boost the growth of the global sinus dilation products market. In addition, the technological advancement of devices from local players is projected to drive the growth of the market during the forecast period. However, few factors such as prescription drugs such as antibiotics and decongestants which are primary treatment options and high cost of sinus dilation products are restraining the growth of the market.

The global sinus dilation products market is segmented according to product type, end-user, and geography. In terms of product type, the market is segmented into balloon sinuplasty systems, sinus ventilation devices, distal suction blades, sinoscopes, sinus seekers, nasal catheters, nasal forceps, and others. On the basis of end-user, the market is categorized into hospitals, specialty clinics, and ambulatory surgical centers. In terms of geography, the market is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

North America is expected to continue to dominate the global sinus dilation products market during the forecast period. According to the CDC, in 2013 there were 29 million people in the U.S. affected with chronic sinusitis. Chronic sinusitis is one of the ten costliest health conditions in the U.S. The market growth in the region is attributed to the increasing demand for rapid treatment offered by new sinus dilation systems. Europe is the second largest market for sinus dilation products. Asia Pacific is an emerging market with increasing incidence of chronic sinusitis due to unhealthy conditions, pollution, and continuous changing climatic conditions. In Asia Pacific, India, China, and Japan are projected to be major contributors to the growth of the sinus dilation products market in terms of revenue. Latin America and Middle East & Africa are emerging markets for sinus dilation products.

Key players operating in the sinus dilation products market include Acclarent, Inc., Medtronic, Entellus Medical, Inc., SinuSys Corporation, Smith & Nephew plc, Aetna Inc., KARL STORZ GmbH & Co. KG, and Olympus Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Sinus Dilation Products Market