Japan Sinus Dilation Device Market Size & Outlook
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Japan sinus dilation device market highlights
- The Japan sinus dilation device market generated a revenue of USD 155.7 million in 2023 and is expected to reach USD 324.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 11% 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 155.7 million |
| Market revenue in 2030 | USD 324.2 million |
| Growth rate | 11% (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, Japan accounted for 5.2% 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 48.62% in 2023. Horizon Databook has segmented the Japan 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.
Japan sinus dilation devices market held 25% shares in 2020 owing to rising R&D efforts by key players operating in the market to deliver novel products. For instance, in March 2017, according to a report published by Olympus Corporation, the company introduced a new surgical endoscope with infra-red imaging capability and named the product, VISERA ELITE II surgical endoscope system.
Furthermore, an increase in adoption of minimally invasive surgical procedures is projected to further fuel the market growth. According to a report published by Intersect ENT, Inc. in 2017, approximately 450,000 FESS procedures were performed in Japan.
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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 |
Japan sinus dilation device market size, by product, 2016-2030 (US$M)
Japan Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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