Market Trends of Global Sinus Dilation Devices Industry
This section covers the major market trends shaping the Sinus Dilation Devices Market according to our research experts:
Balloon Sinus Dilation Device is Expected to Hold Significant Market Share in the Product Segment During Forecast Period
The balloon sinus dilation device is used as a minimally invasive technique to treat chronic or recurrent sinusitis or sinus infections when medical therapy has not provided adequate relief. During this procedure, surgeons use a small balloon placed through the nose to dilate the sinus openings. Factors such as an increase in the adoption of balloon sinus dilation procedures, a rise in sinus infection, and technological advancements are expected to drive segment growth over the forecast period. There are several balloon sinus dilation devices available in the market, such as the NuVent balloon sinus dilation system from Medtronic, Audion ET dilation system from Stryker Corporation, and Mesire Sinus Balloon Catheter from Meril Life Sciences, among many others.
According to a review study published in December 2021 on balloon sinuplasty in PubMed, over the past ten years, the use of balloon sinuplasty for the treatment of chronic rhinosinusitis (CRS) that is resistant to conventional medical therapy significantly increased. The number of patients choosing to undergo this procedure is increasing because of its decreased risk of complications, quicker recovery time, and minimally invasive nature. Hence, this segment is expected to have a significant market share during the forecast period of the study.
Moreover, the ongoing research and development activities on further improving the balloon sinus dilation devices, coupled with the technological innovations and launch of new devices, are further expected to boost the demand for balloon sinus dilation devices during the forecast period. For instance, in June 2021, Intersect ENT launched an advanced VenSure balloon sinus dilation system along with a Cube 4D navigation system in the United States. The VenSure Balloon and Cube 4D Navigation Systems are used in procedures that are designed to improve debilitating chronic rhinosinusitis (CRS) symptoms. Therefore, such innovations and technologically advanced product launches in balloon sinus dilation devices are likely to drive segment growth over the forecast period.
Thus, due to the rise in technological advancements in balloon sinus dilation procedures and the surge in balloon sinus dilation device product launches, the studied segment is anticipated to grow over the forecast period.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North American region is expected to occupy a significant share in the sinus dilation devices market due to the factors such as the presence of robust healthcare infrastructure, the high burden of sinusitis and related diseases, the launch of new products, and the increased burden of risks factors causing sinusitis in the region such as smoking, chronic cold, allergies, asthma, head injury, and other factors. Smoking can contribute to sinus infections because the toxins in cigarettes can damage the cilia in the nasal cavity. As per the article updated in June 2022 in SAGE journal, large epidemiologic studies suggested that a history of tobacco use may be associated with an increased risk of developing chronic rhinosinusitis (CRS). Moreover, according to the Canadian Tobacco and Nicotine Survey (CTNS): Summary of Results for 2021, approximately 13.3% (3.3 million) of Canadian people aged 25 and over reported smoking cigarettes, and men (13% or 1.7 million) and women (12% or 1.6 million) both reported a similar level of current smoking prevalence. Hence, the increase in tobacco utilization and smoking leads to the burden of sinusitis, driving demand for sinus dilation devices over the forecast period.
Similarly, severe sinus infections lead to complicated asthma cases. As per the August 2022 article update in PubMed, chronic sinusitis is known to aggravate asthma and can potentially result in meningitis and brain abscess formation, increasing morbidity and mortality. Additionally, in the January 2022 update of the CDC, about 28.9 million adults in the United States are diagnosed with sinusitis, which is about 11.6% of the country's total adult population. Further, as per the same source, about 2.7 million visits are made to physician offices with chronic sinusitis as the primary diagnosis in the country. Thus, the high burden of sinusitis is expected to be the major driving factor for the growth of the sinus dilation devices market in the studied region. Furthermore, in July 2022, Zsquare, a developer of high-performance, single-use endoscopes, received FDA 510K clearance to market its first product, the Zsquare ENT-Flex Rhinolaryngoscope. Zsquare plans a pilot launch in leading United States hospitals and physician practice offices by Q4 2022. Hence, such product launches in the studied region raise product availability and demand, thereby driving the market growth.
Thus, North America is anticipated to grow over the forecast period due to the rise in the burden of sinus-related diseases and the surge in device product launches.
