The sinus dilation devices market is projected to grow at a steady pace over the coming years owing to increasing demand for cost-effective treatments, reimbursement policies supporting sinus dilation procedures and burgeoning technological advancements. Increasing cases of chronic illnesses as well as growing geriatric population have driven new demand for sinus dilation procedures.
Sinus dilation devices are used in standalone and hybrid sinus dilation procedures. A surge in the number of patients suffering from osteitis has propelled the demand for standalone procedures. This has also caused a prominent rise in the number of standalone BSOD (balloon sinus ostial dilation) procedures as they serve multiple benefits such as effectiveness, safety and very low surgical revision rates.
Driven by growing demand, sinus dilation device manufacturers are incorporating new products with advanced technologies. For instance, in 2016, sinus health company, SinuSys Corporation announced the FDA approval for its family of sinus dilation devices consisting of two new low pressure, self-expanding devices that address sinusitis symptoms. Fueled by such innovations, Global Market Insights, Inc., suggests that the sinus dilation devices market may record over USD 3.3 billion by 2026.
Mentioned below are some of the key trends driving sinus dilation devices market expansion:
- Rising prevalence of sinusitis
The number of patients suffering from sinusitis has increased worldwide. The Centers for Disease Control and Prevention (CDC) states that, in 2018, around 28.9 million U.S. adults suffered from sinusitis. High arrival of patients in hospitals and ENT clinics could fuel the necessity for sinus dilation devices among doctors.
Growing cases of chronic sinusitis is driving manufacturers to develop advanced sinus dilation devices. As per reports, every year about 37 million people are affected by chronic sinusitis in the U.S. With the adoption of technologically advanced sinus dilation devices, patients facing distress caused by chronic sinusitis can be treated effectively.
- Growing inclination towards balloon sinus dilation procedures
The balloon sinus dilation devices segment held a valuation of more than USD 610 million in 2019, and is anticipated to witness substantial growth over the forecast period. Balloon sinus dilation procedures are gaining prominence due to their high efficacy and safety levels.
Devices that are used to undertake these procedures are offer added advantages like less dependence on pain medications, reduced risk of post-operative infection and tissue damage or scarring. Moreover, sinus dilation procedures done using these devices can be reimbursed by medical and insurance companies.
- Increasing application in hospitals
In 2019, the hospital end-use segment held a valuation of over USD 902 million. Rise in rate of outpatient sinus dilation procedures across hospitals and availability of skilled healthcare professionals capable of carrying out complex sinus surgeries has favored this growth. The number of patients going through sinusitis is also growing exponentially due to the ongoing COVID-19 pandemic, which is in turn driving the demand for sinus dilation procedures across hospitals.
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