The Sinus Dilation Market size is projected to reach US$ 5.57 billion by 2031 from US$ 2.73 billion in 2023. The market is expected to register a CAGR of 9.30% in 2023–2031. The rising popularity and demand for minimally invasive surgeries owing to their benefits such as less scarring, smaller incisions, high accuracy and decreased risk of complications, shorter hospital stays, and others, coupled with the rising burden of sinusitis globally.
The increasing number of minimally invasive procedures, rising awareness about the advantages of balloon sinuplasty over other conventional techniques, and the prevalence of chronic sinusitis are the major factors fostering market growth. For instance, according to the article published by the University of Cincinnati in February 2024, chronic sinusitis, also known as chronic rhinosinusitis (CRS), affects approximately 14.6% of the United States population. One of the advanced sinus dilation procedures is balloon sinus dilation, a minimally invasive procedure that replaces the traditional sinus surgery procedure. Hence, the increasing number of balloon sinus dilation procedures in the US is another driving factor.
North America is the largest market for Sinus Dilation market growth with the US holding the largest market share followed by Canada. Factors such as the presence of major manufacturers of sinus dilation devices, the rising burden of sinusitis and related diseases, the launch of new products by these manufacturers, and the increased burden of risk factors causing sinusitis are contributing to the market growth. One of the most common reasons for patient visits in the US is sinusitis, also known as rhinosinusitis. For instance, according to the data published by CDC in 2022, the total number of balloon sinuplasty procedures performed in the US was 196,316 in 2022. Hence, the increasing number of these procedures is anticipated to propel the market growth.
As per an article published in PubMed in August 2022, chronic sinusitis is known to intensify asthma and, increase morbidity and mortality and severe sinusitis infections lead to complicated asthma cases. Additionally, in the January 2022 data retrieved from the CDC states that around 28.9 million adults were diagnosed with sinusitis, which is about 11.6% of the country's total adult population of the US. Furthermore, approximately, 2.7 million visits are made to physician offices with chronic sinusitis. Thus, the increasing burden of sinusitis is anticipated to be the major stimulating factor for the growth of sinus dilation globally.
Technological advancements in sinus dilation devices are a boosting factor for market growth. Moreover, increasing preference for minimally invasive procedures and advances in sinuscope technology are anticipated to boost segmental growth. For instance, in 2022, SPIGGLE & THEIS Medizintechnik updated its dilation device TubaVent shortwide, a single-use insertion instrument with an added catheter. Such advancement in dilation devices is anticipated to drive the overall market growth of the sinus dilation market.
Key segments that contributed to the derivation of the Sinus Dilation Market analysis are product, procedure, and end users.
The geographic scope of the Sinus Dilation Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the Sinus Dilation Market. The market growth can be attributed to countries. Factors such as the increasing number of balloon dilation procedures, a type of minimally invasive procedure, technological advancement in sinus dilation devices, and the rising prevalence of sinusitis in the North American region. Balloon dilation procedure continues to rise in the US. The procedure used for the treatment of CRS refractory to conservative medical therapy has increased over the last decade. Therefore, the rising number of balloon dilation procedures is propelling the market growth of sinus dilation.
The regional trends and factors influencing the Sinus Dilation Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sinus Dilation Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.73 Billion |
| Market Size by 2031 | US$ 5.57 Billion |
| Global CAGR (2023 - 2031) | 9.30% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Sinus Dilation Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Sinus Dilation Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Sinus Dilation Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Sinus Dilation: