Functional Endoscopic Sinus Surgery Market worth $1.7 billion by 2029
The report "Functional Endoscopic Sinus Surgery Market by Product (Endoscopes (Sinuscopes, Rhinoscopes), Surgical Instruments, Navigation Systems), Procedure (Maxillary, Ethmoid), Indication (Chronic Sinusitis, Nasal Polyposis), Patient type - Global Forecast to 2029", is projected to reach USD 1.7 billion by 2029 from USD 1.2 billion in 2024, at a CAGR of 7.6% during the forecast period. The growth of this market is majorly driven by rise in initiatives and investments by the government, growth in demand for MIS, establishment of new facilities by hospitals which will give rise to a greater number of sinus surgery, increasing cases of allergic rhinitis which will give rise to chronic sinusitis, and growing demand of patients for FESS.
Browse 356 market data Tables and 49 Figures spread through 273 Pages and in-depth TOC on "Functional Endoscopic Sinus Surgery Market by Product (Endoscopes (Sinuscopes, Rhinoscopes), Surgical Instruments, Navigation Systems), Procedure (Maxillary, Ethmoid), Indication (Chronic Sinusitis, Nasal Polyposis), Patient type - Global Forecast to 2029"
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The surgical instruments segment is expected to account for the largest share in 2023.
The Functional endoscopic sinus surgery market, by product, has been segmented into endoscopes, surgical instruments, and navigation systems. In 2023, the surgical instruments segment accounted for the largest market share. This is attributed due to low cost and disposable instruments used during the surgery and use of new surgical techniques and methods. Endoscopes segment is expected to register highest CAGR during the forecast period.
Fungal sinusitis segment held the largest market share in the Functional endoscopic sinus surgery market.
Based on indication, the functional endoscopic sinus surgery market is segmented into chronic sinusitis, recurrent sinusitis, nasal polyposis, fungal sinusitis, and other indications. The fungal sinusitis segment accounted for the largest market share in 2023. This can be attributed to the rising population with weakened immune system and human exposure to indoor and outdoor fungal spores in the air is inevitable and they continuously inhale spores which deposit along the airway mucosa.
Adult patient segment held the largest market share in the Functional endoscopic sinus surgery market.
Based on patient type, the functional endoscopic sinus surgery market is segmented into adult and pediatric patients. The adult patient segment is expected to dominate the market during the forecast period and grow at the highest CAGR during the forecast period. Market growth can be attributed due to the highest prevalence of chronic sinusitis in this population segment and the growing geriatric population.
North America dominates the global Functional endoscopic sinus surgery market
Based on the region, the Functional endoscopic sinus surgery market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and GCC. The North America market is driven by availability of technologically advanced products and growing acceptance for MIS. The Asia Pacific segment is projected to register the highest CAGR during the forecast period. Developing healthcare infrastructure, rapid growth in geriatric population, and growing incidence of allergic rhinitis are some of the major factors driving the growth of this regional market.
Major players in Functional endoscopic sinus surgery market include Medtronic PLC (Ireland), Stryker Corporation (US), Olympus Corporation (Japan), B. Braun Melsungen Ag (Germany), and Karl Storz (Germany).
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