Balloon Sinuplasty Systems Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Balloon Sinuplasty Systems Market Report Overview
The balloon sinuplasty systems market size was $850.9 million in 2023. Factors such as the increasing prevalent cases of chronic rhinosinusitis and growing preference for minimally invasive procedures will drive the market growth at a CAGR of more than 5% from 2023 to 2033.
Balloon sinuplasty is quickly becoming the surgery of choice for chronic or severe sinusitis that does not respond to other medical therapies, such as nasal decongestant medications and rinses, antibiotics, and nasal and oral corticosteroids. Balloon sinuplasty is a minimally invasive procedure to treat chronic rhinosinusitis patients. It uses a small balloon-like instrument that is inflated to push sinus tissue and/or bones. It allows a larger airway passage and helps in mucus drainage. Balloon sinuplasty devices are used more often in doctor’s offices rather than hospitals and ASCs.
Balloon Sinuplasty Systems Market Outlook 2023-2033 ($ Million)
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The balloon sinuplasty systems market research report identifies quantitative market trends within ENT devices therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the Balloon sinuplasty systems market for 2020 and beyond. Furthermore, the report provides Balloon sinuplasty systems market share by company that will help in identifying untapped market opportunities.
Market Size (2023) | $850.9 million |
CAGR (2023-2033) | >5% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Regions |
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Key Companies |
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Regional Analysis of Balloon Sinuplasty Systems Market
The key regions in the balloon sinuplasty systems market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the North American Balloon sinuplasty systems market was the leading regional segment.
The region will retain its market dominance during the projected period. The regional growth is mainly attributed to the early and quickly growing adoption rate of these devices in comparison to other regions.
In North America, the major market for balloon sinuplasty systems is held by the US. The primary factors for the growth of the market include increasing preference towards minimally invasive surgical options, and reimbursement policies regarding balloon sinuplasties performed on adults, among others. The market is expected to grow continuously in the forecast period.
Balloon Sinuplasty Systems Market Analysis by Regions, 2023 (%)
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Balloon Sinuplasty Systems Market – Competitive Landscape
In 2023, the Johnson & Johnson Balloon sinuplasty systems market share was the highest
The major players in the balloon sinuplasty systems market are:
- Johnson & Johnson
- Medtronic Plc
- Stryker Corp
The balloon sinuplasty devices market is dominated by Johnson & Johnson followed by Stryker Corp and Medtronic Plc. Growing technological advances and several new products filed by various companies for FDA approval are expected to give a boost to the market.
Balloon Sinuplasty Systems Market Analysis by Companies, 2023 (%)
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Balloon Sinuplasty Systems Market Dynamics
- Drivers: The advantages of balloon sinuplasty over other surgical options, development in research and technology, and surge in reimbursement protocols for sinus procedures in developed countries are expected to drive the market growth.
- Barriers: Factors such as the rising cost of these procedures, increasing risks like tissue damage, and revision rates of the procedure might hinder the market growth.
- Future Outlook: The market is expected to continue growing in the future due to the increasing prevalence of chronic rhinosinusitis with an increasing number of cases in children. Improvement in the quality of the products with minimally invasive procedure technology for better insertion will encourage patients to opt for balloon sinuplasty procedures. An increasing number of skilled professionals and fewer postoperative hospitals will contribute to driving the market growth.
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Segments Covered in this Report
Balloon Sinuplasty Systems Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are:
The Balloon Sinuplasty Systems Market Research Report includes an insightful review of the key industry trends.
- The balloon sinuplasty systems market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, Country, and Global Balloon Sinuplasty Systems Market Insights:
- The balloon sinuplasty systems market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Balloon sinuplasty systems market SWOT analysis.
- The report provides trends and balloon sinuplasty systems market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
Companies Covered: Acclarent Inc., Medtronic Plc, Entellus Medical Inc., and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, and others.
Scope
- Extensive coverage of the Balloon sinuplasty systems market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the Balloon sinuplasty systems market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on Balloon sinuplasty systems.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Balloon sinuplasty systems.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of Balloon sinuplasty systems market share by company. Identify strong competitors and create winning strategies to stand out in the global Balloon sinuplasty systems market.
- Track regional Balloon sinuplasty systems market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global Balloon sinuplasty systems market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
Frequently asked questions
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What was the balloon sinuplasty systems market size in 2023?
The size of the balloon sinuplasty systems market was $850.9 million in 2023.
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What will the CAGR of the balloon sinuplasty systems market be during 2023-2033?
The balloon sinuplasty systems will grow at a CAGR of more than 5% during 2023-2033.
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Which region held the largest share of the balloon sinuplasty systems market in 2023?
North America was the largest regional market for balloon sinuplasty systems in 2023.
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Which are the leading players in the balloon sinuplasty systems market?
The leading balloon sinuplasty systems market companies are Johnson & Johnson, Medtronic Plc, Stryker Corp, and Others.
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