At a compound annual growth rate of 5.1%, the size of the worldwide Inflation Devices market is projected to reach $ 770 million in 2027.
.jpg "The Global Inflation Devices Market 2022-2032 (USD Million)")
The global inflation devices market was valued at USD 540.8 million in 2019 and is expected to grow at a CAGR of 4.6% over the forecast period. The increasing acceptance of minimally invasive surgeries, the existence in most developing countries of developed healthcare infrastructure, the prevalence of CVD, and less strict approval procedures add to the growth of the industry. The incidence of coronary heart disease is also projected to escalate with the rise of the aging populations, which is a significant target measure for interventional cardiology processes that use the inflation system to inflate and deflate the balloon.
Key players serving the global market include B. Braun Melsungen AG, Boston Scientific Corporation, Medtronic PLC, Olympus Corporation, Advanced Lifesciences Pvt. Ltd., Acclarent, Inc. (Subsidiary of Johnson & Johnson), Atrion Corporation, Becton, Dickinson and Company, Cook Medical, US Endovascular, among other prominent players.
Inflation Devices Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2017-2018 |
| Forecast Period | 2022-2027 |
| Study Period | 2017-2027 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2027 | $770 million |
| Growth Rate | CAGR of 5.1% during 2017-2027 |
| Segment Covered | Based on application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | 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., and Terumo Corporation |
Key segments of the global inflation devices market
Type Overview (USD Million)
- Digital
- Analogue
Application Overview (USD Million)
- Gastroenterological Procedures
- Urological Procedures
- Intervention Cardiology & Radiology
- Peripheral Vascular Procedures
- Others
Regional Overview (USD Million)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global inflation devices industry
- The overall segmentation of inflation devices market, especially key segments are thoroughly studied.
- Presence of major players and their wide Industry portfolio across developed countries is anticipated to further boost the growth of inflation devices market
What does the report include?
- The study on the global inflation devices market includes analysis of qualitative market indicators such as drivers, restraints, challenges and opportunities
- Additionally, the market competition has been evaluated using the Porter’s five forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of class and Industry. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the considered segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global inflation devices market is suitable for all the players across the value chain including raw material suppliers, inflation devices providers, medical device manufacturers, distributors, suppliers and retailers
- Venture capitalists and investors looking for more information on the future outlook of the global inflation devices market
Consultants, analysts, researchers, and academicians looking for insights shaping the global inflation devices market
Frequently Asked Questions (FAQ) :
the inflation devices market is growing at a CAGR of 5.1 % during the forecast period.
Asia Pacific dominated the market for inflation devices market and accounted for the largest revenue share
The base year for the report is 2022 in inflation devices market
Minimal invasive surgical techniques involve smaller incisions, resulting in less scarring, owing to the rise of the global inflation instruments industry led by the increase in the implementation of minimally invasive procedures. In general, these operations are less invasive than treatments that require wider incisions. In comparison, relative to conventional open surgery, these procedures often have better precision rates. Therefore, healthcare providers and patients favor these surgeries. Furthermore, trends such as an increase in coronary disease incidence and a rise in the amount of surgical procedures undertaken around the world.
In addition, another factor contributing to the growth of the industry is the rise in healthcare spending worldwide. Furthermore, the increase in the worldwide geriatric population serves as a significant driver of the demand for global inflation instruments. However, the expansion of the industry is constrained by costly surgical procedures.
The global inflation devices market has been bifurcated based on type, application and region. In terms of type the market is divided into digital and analogue. On the basis of application, the segment is divided into Gastroenterological Procedures, Urological Procedures, Intervention Cardiology & Radiology, Peripheral Vascular Procedures, and Others.
During the forecast era, the analogue segment dominated the market. the digital segment is projected to rise at the notable CAGR. Because of the benefits provided by such devices. Analogue inflation machines, for example, are affordable and are thus favored to their counterparts. In addition, these systems are easy and simpler to use, adding more to the development of this market. Moreover, during the forecast period, the analogue inflation devices segment also exhibited the highest growth rate.
Additionally, the largest share of the inflation system market in 2019 was accounted for interventional cardiology segment. The growing geriatric population, which is a significant factor pushing the acceptance of interventional cardiology procedures using inflation instruments, is more likely to develop CVD. In addition, the increase in the number of new multi-specialty hospitals providing innovative minimally invasive procedures in developed countries and the favourable reimbursement scenario for angioplasty procedures would further fuel segment growth over the projected period.
Based on regions, the global inflation devices market is segmented into North America, Europe, Asia Pacific, Central and South America and Middle East & Africa. Emerging markets such as APAC are giving companies major growth prospects in the demand for the Industry’s in coming years.
North America holds the largest share of market sales due to behavioral and eating patterns and the presence of major industry actors, the incidence of chronic diseases has risen. In 2019, there were about 92.9 million people diagnosed with cardiovascular diseases in the United States, according to the American Heart Association. Talking about Europe, Per year in Germany, about 1 percent to 2 percent of people suffer from kidney stones. According to the British Association of Urological Surgeons, over 2300 procedures were reported to be done in the U.K. from January 2015 to December 2015. Business growth in the area is due to the increase in cardiovascular diseases in the geriatric population.
