Increased desire for less invasive procedures and a favourable reimbursement environment for sinus surgeries, particularly in developed regions, might be contributed to the market growth for sinus implants. Due to the rising patient choice for treatments at ENT clinics, their cost-effectiveness, and patients’ desire for quicker recovery times, ENT clinics are anticipated to fuel the revenue growth of the sinus implants market.
Due to the rising elderly population as well as the increased adoption of new and innovative technologies by otolaryngologists and ENT surgeons, North America is predicted to hold the lion’s share of the global sinus implants market. Due to its expanding population, rising medical tourism, rising standard of living, and rising incidence of sinus-related disorders, Asia-Pacific is predicted to be a lucrative region for the sinus implants market.
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Sinus Implants Market: Key Players
Some of the players identified in global Sinus Implants market include Intersect ENT, Inc. In Dec 2017, the company had received FDA approval for its SINUVA Sinus Implant indicated for nasal polyps treatment, in patients (above 18 years) who have undergone ethmoid sinus surgery. The approval was supported by the clinical outcome of 400 patients including RESOLVE II pivotal study.
Sinus Implants Market: Overview
Growing use of FESS-based treatments opens up market opportunities for sinus implants. The primary driver of market expansion for sinus implants would be the increased success rate of FESS procedures followed by implants. Large medical device manufacturers are entering the sinus implant industry as a result of favourable reimbursement guides (Category I CPT codes in 2011).
Drug-releasing stents can be built by businesses like Medtronic. Small businesses are, nevertheless, more likely to establish marketable competencies through creating unique product lines. The danger of sinus implant product liability claims, however, constitutes a barrier to market expansion because of related side effects, manufacturing flaws, and improper use or abuse of sinus implant devices. Such product liability claims result in court fees, product recalls from the market, and market which eventually affects the revenue generation for the manufacturers.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Sinus Implants Market: Segmentation
Tentatively, global Sinus Implants Market has been segmented on the basis of component, end user, and geography.
Based on implant type, global Sinus Implants market is segmented as below:
- Non-drug-releasing implants
- Drug-releasing implants
Based on end user, global Sinus Implants market is segmented as below:
- Hospital
- ENT Clinics
- Ambulatory Surgical Centers