Mexico Sinus Dilation Device Market Size & Outlook
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Mexico sinus dilation device market highlights
- The Mexico sinus dilation device market generated a revenue of USD 33.0 million in 2023 and is expected to reach USD 57.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, ballon sinus dilation devices was the largest revenue generating product in 2023.
- Functional Endoscopic Sinus Surgery (FESS) Instruments Set is the most lucrative product segment registering the fastest growth during the forecast period.
Sinus dilation device market data book summary
| Market revenue in 2023 | USD 33.0 million |
| Market revenue in 2030 | USD 57.8 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Ballon sinus dilation devices |
| Fastest growing segment | Functional Endoscopic Sinus Surgery (FESS) Instruments Set |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ballon Sinus Dilation Devices, Endoscopes, Sinus Stents/Implants, Functional Endoscopic Sinus Surgery (FESS) Instruments Set |
| Key market players worldwide | Medtronic PLC, Smith & Nephew PLC, Stryker Corp, Intersect ENT, Olympus Corp, Johnson & Johnson, TE Connectivity Ltd, SinuSys Corp., InnAccel |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global sinus dilation device market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil sinus dilation device market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 74.5 million by 2030.
Ballon sinus dilation devices was the largest segment with a revenue share of 46.36% in 2023. Horizon Databook has segmented the Mexico sinus dilation device market based on ballon sinus dilation devices, endoscopes, sinus stents/implants, functional endoscopic sinus surgery (fess) instruments set covering the revenue growth of each sub-segment from 2016 to 2030.
The sinus dilation devices market in Mexico is anticipated to grow at a rate of 23.5% during the forecast period owing to considerable growth opportunities due to increasing patient pool, rising disposable incomes, and technological advancements.
In addition, increase in medical tourism and improvements in healthcare infrastructure is estimated to boost the Mexico sinus dilation devices market growth. Mexico’s healthcare system is dominated by private players, and the healthcare delivery through private entities in Mexico operates entirely as a free market.
As of 2019, Mexico had over 4,707 operating hospitals and is one of the major hubs for medical device export in the Americas and Europe. This provides a major opportunity to sinus dilation devices market players looking to gain a competitive advantage.
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Sinus Dilation Device Market Scope
Sinus Dilation Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| InnAccel | View profile | 11-50 | Bangalore, Karnataka, India, Asia | http://www.innaccel.com |
| SinuSys Corp. | View profile | 1-10 | Palo Alto, California, United States, North America | http://www.sinusys.com |
| Intersect ENT | View profile | 251-500 | Menlo Park, California, United States, North America | http://www.intersectent.com |
| TE Connectivity Ltd | View profile | 90000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | https://www.te.com |
| Smith & Nephew PLC | View profile | 18452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | https://www.smith-nephew.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Mexico sinus dilation device market size, by product, 2016-2030 (US$M)
Mexico Sinus Dilation Device Market Outlook Share, 2023 & 2030 (US$M)
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