Sinus Dilation Device Market Size, Share, Growth, Trend, Analysis, Opportunity And Forecast 2021-2027
According to a new report published by UnivDatos Markets Insights, the Sinus Dilation Device Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 7% from 2022-2028.

According to a new report published by UnivDatos Markets Insights, the Sinus Dilation Device Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 7% from 2022-2028.

According to a new report published by UnivDatos Markets Insights, the Sinus Dilation Device Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 7% from 2022-2028. The analysis has been segmented into Product (Balloon Sinus Dilation Devices, Endoscopes, Functional Endoscopic Sinus Surgery (FESS) Instruments Set, Sinus Stents/Implants, Others); Procedure (Standalone, Hybrid); Application (Adult, Pediatric); End-Users (Hospitals, ENT Clinics, Ambulatory Surgical Centers (ASCs)); Region/Country.

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The sinus dilation device market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the sinus dilation device market. The sinus dilation device market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the sinus dilation device market at the global and regional levels.

Market Overview

The demand for the sinus dilation device market is growing due to the expansion preferences of patients towards minimally invasive surgeries and a growing number of benefits of balloon sinuplasty which boosts the adoption of inorganic growth strategies among key industry players around the globe. For instance, In July 2021, Intersect ENT, Inc. commercially launched its VenSure balloon sinus dilation system in the U.S. Owing to these glaring statistics the demand for sinus dilation devices is anticipated to grow in the forthcoming years as the increasing volume of patients suffering from chronic sinusitis, which boosted the growth of sinus dilation device industry. Moreover, rising awareness about the advantages of balloon sinuplasty over conventional techniques is fueling the demand for the sinus dilation device market. Furthermore, technological advancement and awareness about the advantages of balloon sinuplasty over other conventional techniques is expected to drive the market for sinus dilation device market in the coming years.

Some of the major players operating in the market are Stryker Corporation, Smith & Nephew plc, Olympus Corporation, Medtronic, SinuSys Corporation, KARL STORZ, Sklar Surgical Instruments, Intersect Inc., Johnson & Johnson, Cook Medical.

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COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The overall impact of COVID-19 on the global sinus dilation devices market remains negative, owing to a decrease in the number of surgeries performed or postponed globally in order to reserve or redirect the available limited capacities and resources (such as hospital beds and patient care professionals) toward COVID-19 patient care. As these patients are more vulnerable to COVID-19 infection, the number of patients visiting hospitals and clinics for sinus surgery has decreased, resulting in a decrease in demand for sinus dilation products.

The global sinus dilation device market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on the application, the market is fragmented into adult and pediatric. The adult segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. To the high prevalence of sinusitis in adults. For instance, according to the CDC, 9 out of 10 viral sinusitis cases in adults were observed in the U.S.

·        Based on the end-user, the market is fragmented into hospitals, ENT clinics, and ambulatory surgical centers (ACSs). The hospitals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the high volume of surgical procedures performed in hospitals.

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Sinus dilation device Market Geographical Segmentation Includes:

·        North America (United States, Canada, and the Rest of North America)

·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·        Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·        Rest of the World

North America constitutes a major market for the sinus dilation device industry owing presence of highly regulated and developed healthcare infrastructure, the availability of advanced products due to the presence of major market players, and rising healthcare spending in this region.

The major players targeting the market include

·        Stryker Corporation

·        Smith & Nephew plc

·        Olympus Corporation

·        Medtronic

·        SinuSys Corporation

·        KARL STORZ

·        Sklar Surgical Instruments

·        Intersect Inc.

·        Johnson & Johnson

·        Cook Medical.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the sinus dilation device market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the sinus dilation device market?

• Which factors are influencing the sinus dilation device market over the forecast period?

• What are the global challenges, threats, and risks in the sinus dilation device market?

• Which factors are propelling and restraining the sinus dilation device market?

• What are the demanding global regions of the sinus dilation device market?

• What will be the global market size in the upcoming years?

• What are global companies' crucial market acquisition strategies and policies?

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