Global Sinus Dilation Devices Market Poised for Growth, Expected to Reach $4.12 Billion by 2028
Sinus Dilation Devices Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON , UK, July 3, 2024 /EINPresswire.com/ -- The global sinus dilation devices market, which was valued at $2.77 billion in 2023, is projected to grow to $3.02 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.0%. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. This growth can be attributed to factors such as the prevalence of chronic sinusitis, increasing patient preference for minimally invasive procedures, rising healthcare expenditure, and an aging population.
Rising Prevalence of Chronic Sinusitis Drives Market Growth
Chronic sinusitis, characterized by prolonged inflammation and swelling of the sinuses, is a key driver for the sinus dilation devices market. Procedures like balloon sinuplasty are crucial in treating chronic sinusitis by effectively opening sinus blockages and improving drainage. According to recent reports, chronic sinusitis affects a significant portion of the global population, underscoring the need for effective treatment solutions.
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Sinus Dilation Devices Market Key Players and Market Trends
Major companies in the sinus dilation devices market include Johnson & Johnson Co, Medtronic PLC, Stryker Corporation, and others. These players are focusing on next-generation solutions such as machine learning algorithms to enhance treatment efficacy and patient outcomes. For instance, Acclarent Inc. introduced AI-powered ENT technology to streamline surgical planning and navigation, demonstrating a leap forward in medical device innovation.
Sinus Dilation Devices Market Segments
• Product Types: Balloon Sinus Dilation Devices, Endoscopes, Functional Endoscopic Sinus Surgery (FESS) Instruments Set, Sinus Stents or Implants, Other Products
• Procedures: Standalone, Hybrid
• Applications: Adult, Pediatric
• End Users: Hospitals, ENT Clinics, Other End Users
Geographical Insights: Asia-Pacific Leading the Market
North America held the largest share of the sinus dilation devices market in 2023, with Asia-Pacific expected to witness the fastest growth during the forecast period. Regional dynamics play a crucial role in market expansion, influenced by factors such as healthcare infrastructure development and increasing healthcare expenditure.
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Sinus Dilation Devices Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Sinus Dilation Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on sinus dilation devices market size, sinus dilation devices market drivers and trends, sinus dilation devices market major players, competitors' revenues, market positioning, and market growth across geographies. The sinus dilation devices market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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