Sinus dilation is a process of removing the nasal blockage that leads severe sinusitis. Sinus can either be chronic or acute, in chronic cases surgery is considered, otherwise it can be managed with dilation devices. The global Sinus Dilation Devices Market is expected to witness a robust growth due to technologically advanced devices that are easier to use and results in maximum benefit to the patients.
Medical companies are always on the forefront to cater to unmet medical needs through research and innovations. There are several players in the global sinus dilation devices market include Meril Life Sciences Pvt. Ltd., KARL STORZ SE & Co. KG, Entellus Medical Inc. (Stryker), Acclarent, Inc. (Johnson & Johnson), and Medtronic plc
The global sinus dilation market may witness the expansion at 8.2% CAGR over the forecast period 2018 to 2026, shares an upcoming Transparency Market Research (TMR) report. It is estimated to have registered the revenue of US$ 2, 021.4mn in the year 2017 and is expected to reach an impressive revenue generation.
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The healthcare industry is witnessing rising number of chronic and acute sinusitis across the world, pushing the global sinus dilation market to expand in the forthcoming years. Additionally, the rising number of surgeries and patients demanding for less invasive procedures are projected to drive the global sinus dilation market in the future. Moreover, increasing geriatric population and sinus is also a condition that gets aggravated with age, resulting in growth of the global sinus dilation devices market.
Among the end users, hospitals are foretold to the dominant industry in the expansion of the sinus dilation devices market. The growth can be accounted to availability of improved medical infrastructure and technologically advanced equipment in the hospitals. Availability of over the counter drugs for sinusitis and high cost associated with the sinus surgeries are expected to hinder the growth of the global sinus dilation devices market during the forecast period.
Nonetheless, the rising awareness and ongoing research and development to provide patients with better devices and treatment procedures are anticipated to surge the growth opportunities in the global sinus dilation devices market in the next few years.