Latin America Sinus Dilation Device Market Size & Outlook
Latin America sinus dilation device market, 2016-2030 (US$M)
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Latin America sinus dilation device market highlights
- The Latin America sinus dilation device market generated a revenue of USD 139.0 million in 2023.
- The market is expected to grow at a CAGR of 8.1% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 139.0 million |
| Market revenue in 2030 | USD 239.7 million |
| Growth rate | 8.1% (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, Latin America region accounted for 4.6% 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 47.41% in 2023. Horizon Databook has segmented the Latin America 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.
Major countries contributing to the growth of Latin America sinus dilation devices market are Brazil and Mexico. Furthermore, a large population coupled with growing adoption of healthcare insurance services in this region is another important factor contributing to sinus dilation devices market growth.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America sinus dilation device market size, by country, 2016-2030 (US$M)
Latin America Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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