Australia Sinus Dilation Device Market Size & Outlook
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Australia sinus dilation device market highlights
- The Australia sinus dilation device market generated a revenue of USD 63.1 million in 2023 and is expected to reach USD 119.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.5% 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.
Sinus dilation device market data book summary
| Market revenue in 2023 | USD 63.1 million |
| Market revenue in 2030 | USD 119.2 million |
| Growth rate | 9.5% (CAGR from 2023 to 2030) |
| Largest segment | Ballon sinus dilation devices |
| Fastest growing segment | Functional Endoscopic Sinus Surgery (FESS) Instruments Set |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.1% of the global sinus dilation device market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan sinus dilation device market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 324.2 million by 2030.
Ballon sinus dilation devices was the largest segment with a revenue share of 46.12% in 2023. Horizon Databook has segmented the Australia 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.
Australia depends majorly on the import of medical devices from countries such as Japan and the U.S. Its medical devices market is governed by TGA’s medical devices regulations. The market is mature and receptive to new technologies, resulting in rapid adoption of advanced products such as sinus dilation devices. This encourages major players to enter the Australian market, thereby expected to boost the market growth to a certain extent.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| InnAccel | View profile | 11-50 | Bangalore, Karnataka, India, Asia | http://www.innaccel.com |
| SinuSys Corp. | View profile | 1-10 | Palo Alto, California, United States, North America | http://www.sinusys.com |
| Intersect ENT | View profile | 251-500 | Menlo Park, California, United States, North America | http://www.intersectent.com |
| TE Connectivity Ltd | View profile | 90000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | https://www.te.com |
| Smith & Nephew PLC | View profile | 18452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | https://www.smith-nephew.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Australia sinus dilation device market size, by product, 2016-2030 (US$M)
Australia Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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