PUBLISHER: Grand View Research | PRODUCT CODE: 1114102
PUBLISHER: Grand View Research | PRODUCT CODE: 1114102
The Europe sinus tissue resection market size is expected to reach USD 263.6 million by 2030, based on a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2022 to 2030. The rise in the prevalence of chronic sinusitis, rising preference for minimally invasive surgeries, and technological advancements are expected to propel the growth of the industry over the forecast period. Although the market witnessed a significant fall in the sales of sinus tissue resection products, It is expected to recover and flourish over the forecast period. The lockdowns and restrictions resulted in a reduced number of elective surgeries, which further led to a fall in the sales of sinus tissue resection products.
Most countries in Europe specifically observed a major loss of life and financial losses due to the pandemic. Countries like Italy, which had a huge geriatric population, were badly hit by the virus, and recovering from it has been difficult. However, with the European countries now focusing on their healthcare systems more than ever before, the region is trying its best to combat similar situations in the near future. However, with the conduction of mass vaccination programs, the opening of the economies, and economic activities resuming, the market has already started to recover.
Increasing prevalence of chronic sinusitis is among the major factors anticipated to positively contribute to the industry growth. As per the National Institute for Health and Care Excellence, chronic sinusitis is a common condition in Europe, and affects 1 in 10 adults in the U.K. adults. Additionally, according to the European Forum for Research and Foundation in Allergy and Airway Diseases, around 10% of the population is suffering from chronic rhinitis across the European region.