Asia Pacific Sinus Dilation Device Market Size & Outlook
Asia Pacific sinus dilation device market, 2016-2030 (US$M)
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Asia Pacific sinus dilation device market highlights
- The Asia Pacific sinus dilation device market generated a revenue of USD 610.5 million in 2023.
- The market is expected to grow at a CAGR of 10.4% from 2024 to 2030.
- In terms of segment, ballon sinus dilation devices was the largest revenue generating product in 2023.
- Functional Endoscopic Sinus Surgery (FESS) Instruments Set is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 610.5 million |
| Market revenue in 2030 | USD 1,220.6 million |
| Growth rate | 10.4% (CAGR from 2023 to 2030) |
| Largest segment | Ballon sinus dilation devices |
| Fastest growing segment | Functional Endoscopic Sinus Surgery (FESS) Instruments Set |
| Historical data covered | 2016 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ballon Sinus Dilation Devices, Endoscopes, Sinus Stents/Implants, Functional Endoscopic Sinus Surgery (FESS) Instruments Set |
| Key market players worldwide | Medtronic PLC, Smith & Nephew PLC, Stryker Corp, Intersect ENT, Olympus Corp, Johnson & Johnson, TE Connectivity Ltd, SinuSys Corp., InnAccel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.4% of the global sinus dilation device market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,220.6 million by 2030.
Ballon sinus dilation devices was the largest segment with a revenue share of 47.85% in 2023. Horizon Databook has segmented the Asia Pacific sinus dilation device market based on ballon sinus dilation devices, endoscopes, sinus stents/implants, functional endoscopic sinus surgery (fess) instruments set covering the revenue growth of each sub-segment from 2016 to 2030.
The Asia Pacific market for sinus dilation devices is expected to exhibit significant growth rate over the forecast period owing to an increase in disposable income and improvement in patient awareness about sinus surgical procedures.
Asia Pacific sinus dilation devices market focusing on mergers and acquisitions to expand product portfolio and deliver high-quality products in emerging markets at an affordable price. For instance, in April 2017, Olympus Corporation entered into a definitive contract to acquire Image Stream Medical, Inc. for USD 87 million to improve medical solution assistance for healthcare facilities.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific sinus dilation device market size, by country, 2016-2030 (US$M)
Asia Pacific Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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