Malaysia Sinus Dilation Device Market Size & Outlook
Malaysia sinus dilation device market, 2016-2030 (US$M)
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Malaysia sinus dilation device market highlights
- The Malaysia sinus dilation device market generated a revenue of USD 41.5 million in 2023 and is expected to reach USD 79.9 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 9.8% 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 41.5 million |
| Market revenue in 2030 | USD 79.9 million |
| Growth rate | 9.8% (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, Malaysia accounted for 1.4% 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 45.06% in 2023. Horizon Databook has segmented the Malaysia 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.
In Malaysia, the estimated prevalence rate of sinusitis is around 12.8%, thereby signifying that about 3 million Malaysians are suffering from CRS at a given time. Advancements in sinus dilation devices including endoscopes that have integrating camera and telescopic technologies for better sinus procedures and treatment are projected to increase product reach globally, including in Malaysia, over the forecast period.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
| Name | Profile | # Employees | HQ | Website |
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Malaysia sinus dilation device market size, by product, 2016-2030 (US$M)
Malaysia Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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