Saudi Arabia Sinus Dilation Device Market Size & Outlook
Saudi Arabia sinus dilation device market, 2016-2030 (US$M)
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Saudi Arabia sinus dilation device market highlights
- The Saudi Arabia sinus dilation device market generated a revenue of USD 28.6 million in 2023 and is expected to reach USD 51.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% 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 28.6 million |
| Market revenue in 2030 | USD 51.1 million |
| Growth rate | 8.6% (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, Saudi Arabia accounted for 1.0% 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 Middle East & Africa, Saudi Arabia sinus dilation device market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 51.1 million by 2030.
Ballon sinus dilation devices was the largest segment with a revenue share of 46.5% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
The Ministry of Health (MOH) is the organization responsible for management of healthcare services in Saudi Arabia. Healthcare insurance is provided by both government and private entities. With increasing incidence of rhinosinusitis, the burden of chronic disease in the country is rising.
Moreover, high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating huge growth opportunities for market players. Thus, urbanization and increasing prevalence of chronic diseases are factors expected to accelerate the sinus dilation devices market growth in Saudi Arabia 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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Saudi Arabia sinus dilation device market size, by product, 2016-2030 (US$M)
Saudi Arabia Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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