Sinus Dilation Devices Market – Analysis and Forecast To 2024 | SinuSys Corporation, Medtronic Plc., Dalent LLC.

Sinusitis is inflammation alongside the sinus lining that advances to nose blockage and further evades mucus drainage. Sinus dilation devices are used to enlarge the sinus openings of nose to deal with drainage issues associated with nasal sinuses or sinusitis. The global sinus dilation devices market is growing at a significant rate, due to the elevated occurrence of chronic sinusitis, and mounting inclination for minimally invasive surgeries.

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Favorable reimbursement scenario, expanding the geriatric population, and technological advancements in sinusitis treatment are also facilitating the growth of the sinus dilation devices market.

Lack of trained otolaryngologists and ENT surgeons, less acceptance of sinus treatment devices, and risks associated with the sinus surgery are the major challenges for the growth of sinus dilation devices market.

Globally, the manufacturing companies trying to enter the sinus dilation devices market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, due to expanding the geriatric population, and a large population base. In addition, the mounting occurrence of chronic sinusitis, the upsurge in disposable income, escalating medical tourism, enhancement in patient alertness about sinus surgical procedures, and mounting inclination for minimally invasive surgeries are also creating a positive impact on the sinus dilation devices market growth in the region.

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Key players in the sinus dilation devices market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In December 2017, Stryker Corporation signed an agreement to acquire Entellus Medical, Inc., to provide innovative and cost-effective solutions.

In addition, in July 2016, SinuSys Corporation received FDA clearance for Vent-Os sinus dilation family of devices, for the treatment of treatment of frontal and sphenoid sinuses. Stryker Corporation, Smith & Nephew PLC, SinuSys Corporation, Medtronic Plc., Dalent LLC., Innaccel Pvt. Ltd, Johnson & Johnson, Meril Life Sciences Pvt Ltd., Intersect ENT, Inc., Jilin Coronado Medical Ltd, and Olympus are the key players offering sinus dilation devices.

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