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Sinus Dilation Devices Market is projected to expand at a high CAGR of over 8.2% from 2018 to 2026

, 18 May 2019 -- Transparency Market Research (TMR) (http://www.transparencymarketresearch.com) has published a new report titled ‘Sinus Dilation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global sinus dilation devices market was valued at US$ 2,021.4 Mn in 2017. It is projected to expand at a CAGR of over 8.2% from 2018 to 2026. Advantages of minimally invasive sinus surgeries over traditional surgeries, focus on research and development and product launches by market players, increase in pollution contributing to a rise in the prevalence of chronic sinusitis, and technological advances are expected to augment the market in the coming years.

Read Report Overview:
https://www.transparencymarketresearch.com/sinus-dilation-devices-market.html

Rise in the Number of Balloon Sinus Dilation Procedures Propelling the Segment

The report offers detailed segmentation of the global sinus dilation devices market. Based on product, the market has been segmented into balloon sinus dilation devices, sinus stents, endoscopy, FESS instruments, and others. The endoscopy segment has been further sub-segmented into sinuscopes and rhinoscopes. The balloon sinus dilation devices segment is expected to remain dominant in terms of revenues during the forecast period. The growth of the segment can be attributed to a rise in the number of balloon sinus ostial dilation procedures performed annually and the various advantages offered by these devices. The advantages offered by these devices include reduced risk of tissue or structure damage, reduced need for post-operative medication, faster recovery time, short hospital stay, low risk of bleeding, and reduced risk of scarring.

Standalone Procedures Segment to Expand Rapidly

Based on procedure, the market has been classified into standalone and hybrid. The standalone procedures segment dominated the market in 2017 and is anticipated to remain dominant during the forecast period. This segment is likely to expand at a significant CAGR in the coming years. The use of balloon sinus dilation surgeries as standalone procedures reported an increase from over 5% in 2011 to 22.5% in 2014. Hybrid procedures as a treatment option are considered by patients with frontal and sphenoid sinuses.

##### Segment to Expand at a Robust CAGR

In terms of patient type, the market has been classified into ##### and pediatric. The ##### segment is projected to expand at a significant pace during the forecast period, owing to a rise in the ##### population. Weaker immunity levels in the ##### population leave them susceptible to infections, leading to the higher prevalence of chronic sinusitis in ######. In addition, rise in levels of pollution globally is anticipated to increase the prevalence of chronic sinusitis.

Hospitals Segment Held Major Share

In terms of end-user, the global sinus dilation devices market has been categorized into hospitals, ambulatory surgical centers, and ENT clinics. The hospitals segment held a prominent share of the market in 2017. Expansion of the segment can be attributed to patients’ preference for operation theatre surgeries. However, the market has been witnessing a paradigm shift toward in-office procedures, contributing to the high CAGR growth of the ENT clinics segment.

Request Sample of the Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=59688

Market in Asia Pacific to be Driven by an Increase in the Prevalence of Chronic Sinusitis

In terms of revenue, North America dominated the global sinus dilation devices market in 2017. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Expansion of the sinus dilation devices market in the region is attributed to an increase in the prevalence of chronic sinusitis. Additionally, new product launches, changing reimbursement scenario, rise in focus of market players on strengthening their presence in the emerging markets of Asia Pacific, and budding presence of local players are expected to contribute to the growth of the market in Asia Pacific.

About us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Website: https://www.transparencymarketresearch.com/



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Submitted by hawer on Saturday, 18 May 2019 at 1:57 AM
Category: Health Care & Medical
 
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