Overview

Inflation Device Market to value over USD 680 million and grow at a CAGR of over 4.5% during the forecast period from 2022 to 2028.

With an increase in the incidence of target diseases, given the high risk and exposure to chronic diseases due to an unhealthy sedentary lifestyle and rising geriatric population, all these factors accelerate, promote and positively push the global market. Furthermore, adding to these factors, beneficial medical reimbursement for minimally invasive procedures in developed countries, advancing demand for minimally invasive surgical procedures across global powers, and increasing applications of inflation devices are the principal determinants driving the growth of the inflation devices market. Government initiatives to control the burden of healthcare-associated infections in developed countries and escalating healthcare expenditure across emerging markets are further assisting market growth.

In terms of market segmentation, in terms of the capacity segment, the global market is differentiated into 20ml, 30ml, and 60ml inflation devices. The 60ml inflation devices segment is anticipated to flourish at the most active CAGR during the forecast period. These devices have easy accessibility and mechanisms and are intended to be handy, which has promoted their application in various industries. Implementation of these devices in pulmonary, gastroenterology, and otolaryngology procedures is growing increasingly popular, as these techniques utilize comparatively larger-sized balloons and requires more liquid for inflation.

According to the application, the market is characterized by interventional cardiology, interventional radiology, peripheral vascular procedures, urological procedures, gastroenterological procedures, and other applications. Among these, the interventional cardiology segment valued for the most substantial share of the inflation device market. The mounting ageing population is more predisposed to develop CVD, which is a significant circumstance driving the adoption of interventional cardiology procedures that utilizes inflation devices. Furthermore, mushrooming in the quantity of new multi-specialty hospitals in developing countries offering advanced minimally invasive procedures, promising reimbursement scenario for angioplasty procedures will additionally stimulate the growth of the division over the forecast period.

In terms of end-user, the hospitals and clinics segment is the largest contributor to the inflation devices market due to the expanding amount of hospitals and specialty clinics in developing nations, the growing predominance of target diseases; and a considerable number of surgical and diagnostic procedures implemented across these amenities.

Asia Pacific is anticipated to advance at the highest CAGR in the market during the forecast period. North America is foreseen to value for the most considerable share in the global market. Business germination is motivated by the increasing frequency of minimally invasive surgical procedures, advancing healthcare infrastructure, rising awareness about HAIs and the use of disposable devices, and the increasing adoption of minimally invasive procedures.

Major market companies operating globally are:

Merit Medical Systems, Boston Scientific Corporation, Cardinal Health, CONMED Corporation, Medtronic plc, Acclarent Inc., Cook Medical, Atrion Corporation, Becton, Dickinson and Company, Terumo Medical Corporation, B. Braun Melsungen AG, Olympus Corporation, Teleflex Incorporated, and US Endovascular.

Major market firms are undertaking strategic initiatives to increase their presence in emerging countries to leverage the growth opportunities in these markets will further contribute to the market growth.

Market Segmentation

By Capacity

20ml Inflation Devices
30ml Inflation Devices
60ml Inflation Devices

By Display Type

Analog Inflation Devices
Digital Inflation Devices

By Application

Interventional Cardiology
Interventional Radiology
Peripheral Vascular Procedures
Gastroenterological Procedures
Urological Procedures
Other Applications

By End User

Hospitals and Clinics
Ambulatory Surgery Centers

By Region:

Europe
North America
APAC
Latin America
Middle East and Africa

Inflation Device Market Sample Video:

Competitive Landscape:

● Tier 1 players- established companies in the market with a major market share

● Tier 2 players

● Emerging players which are growing rapidly

● New Entrants

FutureWise Takeaways

● Growth prospects

● SWOT analysis

● Key trends

● Key data points affecting market growth

Objectives of the Study:

● To provide an exhaustive analysis on the global market by capacity, by display type, by application, by end-user, and by region

● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

● To evaluate and forecast micro-markets and the overall market

● To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

● Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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