Numerous factors are shaping the dynamics in the global sinus dilation devices market. One of them is the popularity and subsequent uptake of minimally invasive surgeries. And talking of minimally invasive procedures, balloon sinuplasty deserves a special mention. It is considered a breakthrough in endoscopic sinus surgery, used particularly in treating chronic sinusitis patients. Earlier, functional endoscopic sinus surgery (FESS) was mainly done on patients whose chronic sinusitis couldn’t be cured with medication. However, owing to the bleeding it caused and the use of local anesthetic, many did not prefer it. For such patients, balloon sinuplasty (BSP) became the perfect solutions since it does not involve cutting of nasal bone or tissue. Hence, they result in faster recovery.
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Rising Healthcare Spends Buoys Demand in Global Sinus Dilation Devices Market
Apart from such progress in minimally invasive surgeries, other factors too are promoting the global sinus dilation devices market. Prominent among them is the rising healthcare expenditure in developed nations in North America and Europe. Besides, presence of many key players in the region who are constantly expanding their product portfolio is also driving the market. Such deep-pocketed companies are seen investing hefty amounts into research and development of better products.
The global sinus dilation devices market is also benefitting from the rapid uptake of latest procedures in Asia Pacific. The region with its large population and strengthening healthcare infrastructure is generating a lot of demand. Rising awareness about the newest and sophisticated procedures and increasing per capita spends on healthcare is also boding well for the Asia Pacific sinus dilation devices market.
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The global sinus dilation devices market, on the downside, is facing headwinds from the launch of more effective prescription drugs such as antibiotics and decongestants.