Advances in endoscopic
techniques have expanded the scope of different sinus dilation devices market in ENT
care. The sinus dilation devices market has reaped a substantial revenue gains
from the growing clinical acceptance of balloon sinuplasty (BS) among
otolaryngologists and patients. Growing uptake in patients with chronic
rhinosinusitis is a case in point. The global ENT industry has been quick to
adopt systems that reduces the total cost of care for patients, thereby
augmenting the prospect of BS in office settings.
Meanwhile, new avenues in
the sinus dilation devices market have been fueled by research and development
of new type of devices particularly sinus stents that are of the drug eluting
type. The segment will contribute to the revenue of the global market at rapid
rate. Further, over the years, numerous standalone sinus procedures have been gathering
steam in patients.
Some of the
well-entrenched players in the sinus dilation devices market are Smith &
Nephew plc, Medtronic Plc, KARL STORZ, Olympus Corporation, Stryker ltd., and
Meril Life Sciences Pvt. Ltd.
The global
sinus dilation devices market stood at US$2021.4 in 2017 and is projected to
clock a CAGR of 8.2% during 2018–2026.
Focus
on Expanding the Continuum of Care in ENT Catapults North America to Prominence
Constant
focus on expanding the continuum of care has unleashed a spirit of innovation
among medical makers and endoscopy manufacturers, especially in developed
nations. More notably, this has been fueling the prospects of the North America
sinus dilation devices market over the past several years. Together with
Europe, it accounted for more than three-fourth of the regional shares in the
global sinus dilation devices market. Uptake of cutting-edge technologies for
sinus surgeries in the nations of these regions is factor upholding the high
growth in these regional markets.
More
recently, new untapped avenues in Asia Pacific has motivated several players to
shift their attention there. Especially Japan and India are becoming emerging
markets with growing populations with sinusitis.
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Balloon
Catheter Dilation Techniques Gain Popularity
Growing
demand for minimally-invasive procedure for patients with chronic
rhinosinusitis is one of the key trends boosting the sinus dilation devices
market. The advent of sinus dilation devices has complemented endoscopic sinus
surgery procedures.
Growing
acceptance of balloon catheter dilation for the treatment of chronic
rhinosinusitis has considerably expanded the revenue potential in the sinus
dilation devices market. They are frequently being adopted for functional
endoscopic sinus surgery. The trend has been fueled by patients moving from
inpatient to outpatient settings for the treatments in various parts of the
world. The prevalence of chronic rhinosinusitis has also spurred candidates for
balloon catheter dilation, as is evident in case of chronic rhinosinusitis.
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Design
advances have led to advent of sinus dilation devices that can navigate
difficult sinus anatomy. These have increased the scope of new systems in the
sinus dilation devices market. Growing utilization balloon catheter dilation
tools among surgeons in developed countries is boosting the market. Expanding
guidelines in key regions pertaining to key indications for balloon sinuplasty
help cement the prospects.
The study
presented here is based on a report by Transparency Market Research (TMR)
titled “Sinus Dilation Devices (Balloon Sinus Dilation, Sinus Stents, Endoscopy
(Rhinoscopes and Sinuscopes), FESS Instruments; Procedure – Standalone and
Hybrid; Patient Type – Adult and Pediatric; End User – Hospitals, Ambulatory
Surgical Centers, and ENT Clinics) - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2018–2026.”
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