ALBANY, N.Y, Aug. 10, 2020 /PRNewswire/ -- A compound annual growth rate of 8.2% will be charted by global sinus dilation devices market over the period of 2018 to 2026, taking the market worth up to a considerable value. Factors such as clinical acceptance of balloon sinuplasty, and growing research and development (R&D) in the field are leading to growth in the market.
As per Transparency Market Research, "Adoption of systems that are lowering care cost is fuelling growth in the global market over the forecast period. It is pertinent to note here that innovation in design is a major determinant of growth in global sinus dilation devices market."
Key Drivers of Growth in Global Sinus Dilation Devices Market:
Minimally invasive procedures are high in demand from people suffering from chronic rhinosinusitis, leading to growth in the market
Growing cases of chronic sinusitis is paving way for growth in the global sinus dilation devices market
Advancement in technology and focus on innovation are set to propel market on a high growth trajectory
Increase in research and development activities is marking the market landscape and this is set to drive it forward
Growing awareness regarding the condition and available treatments and devices is fuelling growth
Regional Analysis of Global Sinus Dilation Devices Market:
North America will be a prominent regional market owing to growing focus on improving the continuum of care in ENT
High adoption of advanced technology is also a notable growth factor in the North American region
Over the forecast period, the Asia Pacific region will present market players with novel growth avenues
India and Japan will be notable markets in the region owing to increase in patients of sinusitis
Analyze global sinus dilation devices market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample.php
Competitive Landscape of Global Sinus Dilation Devices Market:
Renowned players operating in the global sinus dilation devices market are Medtronic plc, Smith & Nephew plc, Olympus Corporation, KARL STORZ SE & Co. KG, Acclarent, Inc. (Johnson & Johnson), Entellus Medical Inc. (Stryker), Intersect ENT, Inc., SinuSys Corporation, Meril Life Sciences Pvt. Ltd., and Dalent LLC, among others. It is pertinent to note here that players are heavily reliant on technology in order to ensure future growth. Advancement in design is also leading to growth in the market. Additionally, research and development holds a prominent place in the overall growth strategy.
Transparency Market Research has provided players with a deep-dive into growth strategies deployed by top players along with a comprehensive profile of the players in its report on the market. It has also laid out financial overview and product details.
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Drug-eluting Stents Market: According to the latest research by Transparency Market Research (TMR) on the drug eluting stents market, the worldwide sales of drug-eluting stents will reach ~US$ 5.5 billion in 2019, recording a promising CAGR of ~5% during the period of 2019-2027, the introduction of fully-bioresorbable stents, rise in the prevalence of cardiovascular diseases, and product launches by key market players are key factors that are anticipated to drive the market.
Rhinoscope Devices Market: Increase in the number of cases of chronic sinusitis have fueled the demand for rhinoscope devices market for diagnosis and treatment purposes. Moreover, advancements in the sinusitis treatment will have a positive impact on the market and contribute to its growth significantly during the forecast period.
Endoscopy Equipment Market: According to the TMR, the global endoscopy equipment market was valued at US$27.5 bn in 2017 and is expected to decline with 4% CAGR over the forecast period from 2017 to 2025 to reach a value of US$33.5 bn by the end of forecast period. Surge in incidences of cancer and gastrointestinal diseases among other chronic diseases globally, owing to the growing in geriatric population, changes in demographics & lifestyle, and obesity are the major factors fuelling growth of the endoscopy equipment market.
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."