India Sinus Dilation Device Market Size & Outlook
India sinus dilation device market, 2016-2030 (US$M)
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India sinus dilation device market highlights
- The India sinus dilation device market generated a revenue of USD 117.0 million in 2023 and is expected to reach USD 240.2 million by 2030.
- The India market is expected to grow at a CAGR of 10.8% 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 117.0 million |
| Market revenue in 2030 | USD 240.2 million |
| Growth rate | 10.8% (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, India accounted for 3.9% 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 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 47.69% in 2023. Horizon Databook has segmented the India 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.
India is anticipated to be the most lucrative market for sinus dilation devices. Increasing prevalence of CRS, such as fungal rhinosinusitis, viral sinusitis, and bacterial sinusitis, is expected to fuel the demand for sinus dilation devices in India.
According to the study conducted by Indian Council of Medical Research in 2017, approximately 15% population in India was affected by chronic sinusitis in 2016 and the number is growing each year. In Accel Technologies, an India-based manufacturer, delivers SINUCARE, a balloon sinuplasty device for in-office treatment and NOXENO, a mechanical tool used to remove impacted foreign body from the nose.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
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India sinus dilation device market size, by product, 2016-2030 (US$M)
India Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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