Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Sinuscopes market. Market segmentation includes diameter (2.7 mm, 4.0 mm, and other diameters).
The US market represents a major market for Sinuscopes, accounting for about 51% share of the global market. Increasing incidence and prevalence of sinusitis, rising number of MI surgeries, various technological advancements, strong healthcare infrastructure, and the availability of skilled personnel are responsible for the leading position of the US market. The number of patients who suffer from sinusitis is roughly 30.8 million, as per the Centers for Disease Control and Prevention. Europe constitutes the next leading region for Sinuscopes, with a share of about 14.5% in 2020. However, Asia-Pacific is expected to exhibit the fastest growth due to huge population, rising incidence of the disease; growing awareness of treatment options, increasing number of surgical procedures, improving healthcare infrastructure, increase in ENT facilities that are financially aided by the government, rising standard of living, and increasing income levels. Growth potential is particularly high in China and India backed by healthcare reforms by governments, rising income levels, and increasing aging population. Given the hugely underpenetrated nature of developing markets, adoption of various procedures in these regions is likely to progress at a much faster than the developed economies in the coming years. As income levels increase in emerging markets against the backdrop of robust economic growth, the demand for sinuscopes from these markets is expected to gain momentum, further brightening the growth prospects.
While higher investment by public and private entities on establishing care facilities has resulted in significant increase in the number of hospitals and clinics in many of the developing regions, prevailing trends in the healthcare vertical such as growing health-consciousness, increased willingness to visit care facilities, and expanding medical tourism volumes are encouraging the establishment of care facilities. China, India, Brazil, Mexico, Thailand, Malaysia, Indonesia, Turkey, the Philippines and several other countries have witnessed massive increase in the number of hospitals and clinics in recent years. For instance, number of private hospitals in China has risen significantly over the years with their collective share in total number of hospitals rising from 35% in 2008 to 50% to 55% share. However, growing healthcare needs are expected to infuse more capital into the private sector resulting in emergence of more high-tier hospitals in the private sector going forwards. On the contrary, private sector has been leading in the Indian hospital sector, contributing to around 75% of overall healthcare expenditure in the country. The sector, overall, is expected to witness significant growth in investments going forwards thereby driving demand for Sinuscopes, not only in India and China, but also in several other emerging markets across the region. Such trend bodes well for Sinuscopes market, as equipment and supplies form the very basis for delivering full-scale care to patients. Hospitals segment registered highest market share of the global Sinuscopes market, accounting for nearly 58% share of the global market for the year 2020. Hospitals are also expected to dominate the global market during the analysis period.
The sinuscopy procedures involve the examining of the paranasal, maxillary, and frontal sinuses. To conduct such procedure, an endoscopic instrument along with sinuscopes as the base is employed. One such is the endoscope from SCHÖLLY that features a rod lens endoscope, embedded with first-class HD quality. With this featuring, users can access high-contrast, razor-sharped images along with natural color reproduction. These images along with Full HD endoscopy camera are passed into the monitor, sans losing the quality. Moreover, due to the featuring of "grid removal", a video algorithm within the FlexiVision camera series, image optimization can be achieved by minimizing the honeycomb structure visibility to the maximum extent for the 2.0mm sized bundle sinuscopes.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 1452. Among this pool, 192 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 17 unique participations, a total of 12 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
AMD Global Telemedicine, Inc.
Advanced Endoscopy Devices, Inc.
EMOS Technology GmbH
COMEG Medical Technologies
Segments Covered in the Report -
Diameter (2.7 mm, 4.0 mm, Other Diameters)
End-Use (Hospitals, Ambulatory Surgery Centers, Other End-Uses)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
For enquiries e-mail us at sales@strategyR.com .
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.