Global Sinuscopes Market to Reach $199.4 Million by 2026

SAN FRANCISCO, March 21, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Sinuscopes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: February 2022
Executive Pool: 1452
Companies: 41 - Players covered include Althea Deutschland GMBH; AMD Global Telemedicine, Inc.; Happersberger otopront GmbH; Henke-Sass, Wolf GmbH; Medstar. Co. Ltd.; Olympus Corporation; Optim LLC; Richard Wolf Corporation; Schindler Endoskopie Technologie Gmbh; Stryker Corporation; XION GmbH and Others.
Coverage: All major geographies and key segments
Segments: Diameter (2.7 mm, 4.0 mm, Other Diameters); End-Use (Hospitals, Ambulatory Surgery Centers, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Sinuscopes Market to Reach $199.4 Million by 2026
A Sinuscopes is an optical scope medical device used by the doctors to visualize sinus and nasal passages in high definition. The device is a hard scope that uses a lens made with fiber optic technology to get detailed images of the minutest structures of the area the doctor is examining. A Sinuscope is frequently used by ENT specialists, and uses light source like other endoscopes along with an illumination system and a camera to get high-quality images of the areas under diagnosis. A majority of Sinuscopes feature a handle for irrigation/suction and a transposable irrigation/suction sheath that allows movement in different angles that can be maneuvered by a doctor with ease. The device is used to perform facio-plastic operations and for removing abnormal growth like polyps. The device can be operated only by skilled medical professionals in a clinical setting. Several new forms like direct videolaryngoscopy with a 0° Sinuscope is a cost-effective procedure. But, it is compulsory to sterilize and disinfect the Sinuscope after each use and that could extend the time required for the entire procedure. There could be difficulty while conducting the procedure in cases where there is acute trismus. The optical fiber used in Sinuscopes gives out high-energy illumination distally that can elevate the temperature of tissues of the body making the procedure uncomfortable.

Amid the COVID-19 crisis, the global market for Sinuscopes estimated at US$158.8 Million in the year 2022, is projected to reach a revised size of US$199.4 Million by 2026, growing at a CAGR of 5.2% over the analysis period. 2.7 mm, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$111.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 4.0 mm segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $80.4 Million in 2022, While China is Forecast to Reach $20.1 Million by 2026
The Sinuscopes market in the U.S. is estimated at US$80.4 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.1 Million by the year 2026 trailing a CAGR of 9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

The US represents a major led by increasing incidence and prevalence of sinusitis, rising number of MI surgeries, various technological advancements, strong healthcare infrastructure, and the availability of skilled personnel. The number of patients who suffer from sinusitis is roughly 30.8 million, as per the Centers for Disease Control and Prevention. Asia-Pacific is expected to exhibit the fastest growth due to huge population, rising incidence of the disease; growing awareness of treatment options, increasing number of surgical procedures, improving healthcare infrastructure, increase in ENT facilities that are financially aided by the government, rising standard of living, and increasing income levels. Growth potential is particularly high in China and India backed by healthcare reforms by governments, rising income levels, and increasing aging population. Given the hugely underpenetrated nature of developing markets, adoption of various procedures in these regions is likely to progress at a much faster than the developed economies in the coming years. As income levels increase in emerging markets against the backdrop of robust economic growth, the demand for sinuscopes from these markets is expected to gain momentum, further brightening the growth prospects.

Growing preference by patients for minimally invasive surgeries due to reduced hospital stay and faster recovery, is a major market driver for Sinuscopes market. Sinus endoscopy procedures make diagnosis cheaper in terms of reduced hospital stay and curtailed pre and post procedure care. . Aging population, increasing incidence of various diseases, growing access to better healthcare and shift towards early diagnosis are some of the broad factors driving demand for endoscopy devices worldwide. Moreover, the advent of minimally invasive procedures has transformed the area of disease diagnosis and treatment, resulting in significant growth for devices, including sinusopes, used in these procedures. Improving reimbursement scenario in select markets worldwide also contribute to growth in the market.

By End-Use, Ambulatory Surgery Centers Segment to Reach $61.1 Million by 2026
Global market for Ambulatory Surgery Centers (End-Use) segment estimated at US$46.3 Million is projected to reach US$61.1 Million by 2026 reflecting a compounded annual growth rate of 4.8% over the analysis period. The United States constitutes the largest regional market for Ambulatory Surgery Centers segment, accounting for 55.9% of the global sales. China is poised to register the fastest compounded annual growth rate of 8.6% to reach US$4.7 Million by the close of the analysis period. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.