The global inflation devices market accounted for $517 million in 2018 and is expected to reach $770 million by 2026, registering a CAGR of 5.1% from 2019 to 2026.
Inflation devices are medical equipment, which are employed for filling and emptying of the balloons used during different surgical procedures such as cardiac surgeries, gastric surgeries, and urological surgeries. For instance, in angioplasty procedures, inflation devices are employed to inflate the stents and balloons. Furthermore, these devices are employed for the measurement of pressure within the balloon. Two type of displays are incorporated in these devices to record pressure measurements. For instance, analogue inflation devices and digital inflation devices. In analogue inflation devices, the readings related to pressure are shown on a scale, which is then read manually by a trained professionals. However, in case of a digital inflation devices, the readings are displayed on a digital screen, which has a luminescent background.
Rise in adoption of minimally invasive procedures, surge in prevalence of cardiovascular diseases, increase in number of surgical procedures performed across the globe are the key factors that boost the growth of the global inflation devices market. Furthermore, surge in healthcare expenditure worldwide contributes toward the growth of the market. In addition, rise in geriatric population across the globe acts as a key factor that augments the growth of the global market. However, expensive surgical procedures acts as a restraint of the global market.
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The global inflation devices market is segmented into display type, application, end user, and region to provide a detailed assessment of the market. On the basis of display type, the market is divided into analogue inflation devices and digital inflation device. The applications covered in the study include gastroenterological procedures, urological procedure, interventional cardiology & radiology, and peripheral vascular procedures. By end user, the market is categorized into hospitals & clinics and ambulatory surgical centers. Region wise, the inflation devices market is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current global Inflation Devices market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
Key Market Segments
– By Display Type
o Analogue Inflation Devices
o Digital Inflation Devices
– By Application
o Gastroenterological Procedures
o Urological Procedures
o Intervention Cardiology and Radiology
o Peripheral Vascular Procedures
– By End User
o Hospitals & Clinics
o Ambulatory Surgical Centers
– By Region
o North America
– Rest of Europe
– South Korea
– Rest of Asia-Pacific
– Saudi Arabia
– South Africa
– Rest of LAMEA
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List of key players profiled in the report:
– Argon Medical Devices Inc.
– Beckton Dickson And Company
– Boston Scientific Corporation
– ConMed Corporation.
– Johnson & Johnson (Acclarent)
– Medtronic Plc.
– Merit Medical System
– Olympus Corporation
– Teleflex Inc.
– Terumo Corporation
LIST OF OTHER PLAYERS IN THE VALUE CHAIN(These players are not profiled in the report. The same will be included on request)
– Cardinal Health, Inc.
– Cook medical