The Sinus Dilation Devices market is growing at a 7% CAGR, driven by rising nasal conditions and a shift towards minimally invasive surgeries.
According to IMARC Group latest report titled” Sinus Dilation Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Sinus Dilation Devices Market to grow at a CAGR of around 7% during 2021-2026. Sinus dilation, or balloon sinuplasty, represents a minimally invasive procedure for opening blocked sinus passages, allowing adequate airflow, and restoring natural drainage. It depends on various implantable devices to enhance the patency of sinus openings, administer local medication, reduce postoperative inflammation, etc. Sinus dilation devices aid in quick recovery, and they are preferred over conventional sinus devices to treat chronic rhinosinusitis (CRS) refractory across the globe. Additionally, they can be combined with other techniques for patients with major inflammation in the ethmoid or other sinuses. Presently, numerous devices integrated with microsensors also determine device position during surgeries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The rising incidences of nasal polyps, allergic rhinitis, deviated septum, facial bone abnormalities, cleft palate, swollen adenoids, etc., are driving the sinus dilation devices market. Furthermore, the growing risk among children of developing acute bronchitis is leading to the elevating concerns of parents regarding their children’s health, thereby propelling the demand for sinus dilation surgeries. In addition to this, the escalating number of patients with tumors, diabetes, ciliary dyskinesia, Kartagener syndrome, cystic fibrosis, human immunodeficiency virus (HIV) infection, etc., is further catalyzing the market growth. Moreover, the shifting preferences towards minimally invasive surgeries (MIS) over conventional open surgeries are also augmenting the global market. Apart from this, the expanding geriatric population, the improving healthcare infrastructures, and the introduction of novel product variants, are expected to fuel the sinus dilation devices market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Sinus Dilation Devices Market Segmentation:
Our report has categorized the market based on region, product, procedure, patient type and end use industry.
Breakup by Product:
Breakup by Procedure:
Breakup by Patient Type:
Breakup by End User:
Breakup by Region:
Key highlights of the report:
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The article discusses the trends and growth forecast of the Sinus Dilation Devices market from 2021 to 2026.
Rising incidences of nasal conditions and a preference for minimally invasive surgeries are key drivers.
The market is projected to grow at a CAGR of around 7% during 2021-2026.
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