Sinus Dilation Devices Market share by applications and regions for 2020- 2026 - PowerPoint PPT Presentation

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Sinus Dilation Devices Market share by applications and regions for 2020- 2026

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Title: Sinus Dilation Devices Market share by applications and regions for 2020- 2026


1
Sinus Dilation Devices Market share by
applications and regions for 2020- 2026
  • With about 13 to 17 U.S citizens being
    diagnosed with rhinosinusitis, it is integrally
    important that various ENT clinics and hospitals
    around the country begin deploying sinus dilation
    devices to treat this common health problem,
    which on a global scale, affects around 5 to 13
    population. In fact, the rising prevalence of
    this condition has urged various manufacturers to
    go nine yards for developing effective treatment
    devices, which would not only add to the customer
    satisfaction, but would also allow the company to
    be a step ahead from others in the robust
    competitive space.
  • As per news sources, the device is a disposable,
    single-use product which is abundantly used for
    treating chronic sinusitis and is fit over
    flexible and reusable positioning and suction
    devices by way of a conforming sleeve. It is
    capable of accommodating instrumentation of
    distinctive sizes and curves, slowing access,
    simultaneous suction and balloon dilation all in
    one. Such initiatives are tentative of opening
    newer growth prospects for the overall sinus
    dilation devices market

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2
  • Speaking of balloon dilation, it is pivotal to
    note that balloon sinus dilation devices segment
    held a business share of USD 610 million in 2019
    and is predicted to grow at an unprecedented pace
    in the following years. This can be ascribed to
    rising preference for balloon sinus dilation
    procedures, given its superior efficiency and
    safety. In addition to these, medical as well as
    insurance companies are also looking forward to
    providing reimbursement for procedures that call
    out for use of such devices.
  • Not to mention, balloon dilation devices boast of
    significant merits including reduced dependence
    on pain medication, les risk of post-operative
    infection, and minimized risk of tissue damage
    that have been adding to the adoption of these
    devices in hospitals and clinics on a much larger
    scale today.
  • Considering the implementation of these devices,
    it has been observed that sinus dilation devices
    are largely being used in hospitals owing to the
    gradually surging number of outpatient sinus
    dilation procedures. It was cited that the
    segment acquired a largest revenue share of USD
    902 million in 2019 and is projected to grow at a
    similar trend in the upcoming year. Also, it is
    important to pinpoint that ongoing COVID-19
    pandemic has also escalated the number of
    patients suffering in sinusitis, dynamically
    elevating the demand for such devices across the
    hospitals.

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4
  • Regional Analysis
  • Sinus dilation devices industry is well
    diversified into some of the major economies
    including China, the United States, and others.
    Of these, China is set to produce massive gains
    across the market, looking forward to depicting a
    CAGR of 11 per cent through 2026, given a robust
    presence of large patient pool in conjugation
    with prolific rise in healthcare expenditure in
    the country. Believing the statistics put forth
    by National Center for Biotechnology Information,
    nearly 107 million people in China suffer from
    chronic sinusitis annually. Besides, increased
    patient cognizance regarding presence of advanced
    treatments in the country is as well supporting
    the growth of market in the region.
  • Competitive Analysis
  • Companies covered in sinus dilation device
    market Acclarent, Creganna Medical, dalENT
    Medical, Entellus Medical, InAccel, Intersect
    ENT, Jilin Coronado Medical, Medtronic, Meril
    Life Sciences, Olympus Corporation, SinuSys
    Corporation

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5
Latest Research Report On Sinus Dilation Devices
Market _at_ https//www.gminsights.com/industry-analy
sis/sinus-dilation-devices-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
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.com/roc/2749
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