The Functional Endoscopic Sinus Surgery Market Size is valued at USD 1.15 billion in 2023 and is predicted to reach USD 1.96 billion by the year 2031 at a 7.0% CAGR during the forecast period for 2024-2031.
Functional endoscopic sinus surgery is a slightly invasive way to treat long-term sinus problems. It includes using an endoscope to get to and clear out sinus blockages, which improves drainage and airflow and returns the sinuses to normal function without making any cuts on the outside. The industry is expanding due to the growing frequency of long-term and other sinus-related disorders that need efficient, minimally invasive treatment choices. Improved imaging and surgical accuracy among endoscopic technologies have increased the efficacy of functional endoscopic sinus surgery, therefore guiding surgeons and patients toward this preferred choice.
Moreover, growing knowledge of the advantages of minimally invasive treatments, such as shorter recovery periods and fewer problems, drives demand even further. In addition, functional endoscopic sinus surgery market expansion also results from better healthcare infrastructure, growing healthcare costs, and an aging population with more sinus problems. Moreover, functional endoscopic sinus surgery infrastructure is encouraged by supportive policies and incentives.
However, the high procedural costs, restricted access to sophisticated healthcare in underdeveloped areas, and the possible hazards connected with surgical surgery limit the market growth. Additionally, the COVID-19 pandemic affected the functional endoscopic sinus surgery market because it slowed down planned surgeries, cut down on patient visits, and put a lot of stress on healthcare systems, which is slowing the market growth. Additionally, improved diagnostic instruments and greater surgeon training guarantee better accuracy during operations, lowering problems and recovery periods and increasing the acceptance of functional endoscopic sinus surgery worldwide.
Competitive Landscape
Some Major Key Players In The Functional Endoscopic Sinus Surgery Market:
- Medtronic plc
- Stryker Corporation
- Olympus Corporation
- Braun Melsungen Ag
- KARL STORZ
- Conmed Corporation
- Teleflex Incorporated
- Integra Lifesciences
- Brainlab Ag
- Rudolf Medical Gmbh + Co. Kg
- Atmos Medizintechnik
- Innovia Medical
- Sutter Medizintechnik Gmbh
- RZ Medizintechnik
- Advin Healthcare
- Ecleris
- Henke Sass Wolf
- Jedmed
- Entermed
- Fiagon Gmbh
- Claronav Kolahi Inc.
- Adept Medical
- Medelec Surgical
- Heal Force Bio-Meditech Holdings Limited
- Collin Medical
- Other Market Players
Market Segmentation:
The functional endoscopic sinus surgery market is segmented based on product, procedure, indication, patient type, and end-user. Based on product, the market is comprising endoscopes, surgical instruments, and navigation systems. By procedure, the market is segmented into frontal sinus surgery, ethmoid sinus surgery, maxillary sinus surgery, sphenoid sinus surgery, and others. By indication, the market contains chronic sinusitis, recurrent sinusitis, nasal polyposis, fungal sinusitis, and others. By patient type, the market is segmented into adult patients and pediatric patients. By end-user, the market includes hospitals & ambulatory surgery centers (ASCs) and specialty clinics.
Based On the Product, The Endoscopes Segment Is Accounted As A Major Contributor To The Functional Endoscopic Sinus Surgery Market
Endoscopes are expected to hold a major global market share in 2023 in the functional endoscopic sinus surgery market because they can provide very accurate views of sinus structures. With this slightly invasive tool, blockages can be removed accurately with less pain and faster recovery times. Additionally, new developments in endoscopic technology, like better imaging and greater flexibility, make them even more popular in functional endoscopic sinus surgery treatments.
Hospitals & Ambulatory Surgery Centres (ASCs) Segment To Witness Growth At A Rapid Rate
The hospitals & ambulatory surgery centers (ASCs) segment is growing because of the growing inclination for least invasive treatments. ASCs appeal to people since they provide reasonably priced outpatient treatment with shorter recuperation periods. Additionally, by offering complete treatment for complicated sinus diseases, thereby guaranteeing safety and efficiency in functional endoscopic sinus surgery operations, hospitals equipped with modern technologies and trained professionals also stimulate development. Consequently, this industry is experiencing significant expansion.
In The Region, The North American Functional Endoscopic Sinus Surgery Market Holds a Significant Revenue Share
The North American functional endoscopic sinus surgery market is expected to note the highest market share in revenue in the near future. This can be attributed to the fact that chronic sinusitis is becoming more common, modern healthcare infrastructure, minimally invasive treatments are highly adopted, and important medical equipment makers provide creative endoscopic technologies for sinus surgery. In addition, the Asia Pacific is expected to grow rapidly in the functional endoscopic sinus surgery market because of rising healthcare expenditures, greater awareness of minimally invasive procedures, a growing patient population, and advances in medical technology in this region.
Functional Endoscopic Sinus Surgery Market Report Scope
|
Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 1.15 Bn |
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Revenue Forecast In 2031 |
USD 1.96 Bn |
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Growth Rate CAGR |
CAGR of 7.0% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product, Procedure, Indication, Patient Type, And End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Medtronic plc, Stryker Corporation, Olympus Corporation, B. Braun Melsungen Ag, KARL STORZ, Conmed Corporation, Teleflex Incorporated, Integra Lifesciences, Brainlab Ag, Rudolf Medical Gmbh + Co. Kg, Atmos Medizintechnik, Innovia Medical, Sutter Medizintechnik Gmbh, RZ Medizintechnik, Advin Healthcare, Ecleris, Henke Sass Wolf, Jedmed, Entermed, Fiagon Gmbh, Claronav Kolahi Inc., Adept Medical, Medelec Surgical, Heal Force Bio-Meditech Holdings Limited, Collin Medical. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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