Canada Sinus Dilation Device Market Size & Outlook
Canada sinus dilation device market, 2016-2030 (US$M)
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Canada sinus dilation device market highlights
- The Canada sinus dilation device market generated a revenue of USD 206.5 million in 2023 and is expected to reach USD 418.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.6% 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 206.5 million |
| Market revenue in 2030 | USD 418.0 million |
| Growth rate | 10.6% (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, Canada accounted for 6.9% 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 North America, U.S. sinus dilation device market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 418.0 million by 2030.
Ballon sinus dilation devices was the largest segment with a revenue share of 47.31% in 2023. Horizon Databook has segmented the Canada 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.
Demand for sinus dilation device in Canada has been reported to be increasing prevalence of Chronic Rhinosinusitis (CRS). Technological advancements and a number of product launches are also anticipated to drive the sinus dilation device market in Canada.
For instance, according to an independent study published in JAMA Otolaryngology-Head & Neck Surgery, in 2016, the prevalence of CRS was 3.4% in men and 5.7% in women. The report further states that 2.5% of the Canadian population were diagnosed with CRS and the mean incidence was 2.5 per 1000 population in 2016.
Furthermore, technological developments in sinus dilation devices in the past few years has increased the adoption rate among the end-users. The existence of different technologically advanced options for the patients suffering from frequent sinus pain will affect the sinus dilation device market growth in the near future.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada sinus dilation device market size, by product, 2016-2030 (US$M)
Canada Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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