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.
a rise in the adoption of minimally invasive procedures, surge in The 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.
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
Key Market Segments
By Display Type
By Application
By End User
By Region
List of key players profiled in the report:
LIST OF OTHER PLAYERS IN THE VALUE CHAIN(These players are not profiled in the report. The same will be included on request)
a rise in the adoption of minimally invasive procedures, surge in The 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.
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
- Analogue Inflation Devices
- Digital Inflation Devices
By Application
- Gastroenterological Procedures
- Urological Procedures
- Intervention Cardiology and Radiology
- Peripheral Vascular Procedures
By End User
- Hospitals & Clinics
- Ambulatory Surgical Centers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INFLATION DEVICES MARKET, BY DISPLAY TYPE
CHAPTER 5: INFLATION DEVICES MARKET, BY APPLICATION
CHAPTER 6: INFLATION DEVICES MARKET, BY END USER
CHAPTER 7: INFLATION DEVICES MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to this report titled, 'Inflation Devices Market by Display Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global inflation devices market was valued at $517million in 2018, and is expected to reach $770million by 2026, registering a CAGR of 5.1% from 2019 to 2026.Inflation devices are employed to measure pressure in stents and balloons during different surgeries. These devices are of two types, which include analogue inflation device and digital inflation devices. These inflation devices are different from each other on the basis of display, which is incorporated into the equipment. For instance, analogue inflation devices have a scale with a needle, which shows the reading of the pressure applied. This reading is then read manually by a trained professionals. However, the digital analogue devices have an automatic system, which is connected to a software. Digital inflation devices show readings on a display which can be easily read in low light settings due to their luminescent background. Furthermore, these devices are extensively employed in the surgical procedures such as cardiac surgeries, gastroenterological surgeries, and urological surgeries.
The growth of the global inflation devices market is majorly driven by factors such as surge in adoption of minimally invasive procedures, rise in The prevalence of cardiovascular diseases, and an increase in number of surgical procedures performed across the globe. Furthermore, surge in healthcare expenditure worldwide acts as a key driver of the market. Moreover, rise in geriatric population across the globe fuels the adoption of inflation devices, thereby boosting the growth of the market. However, expensive surgical procedures restrains the growth of the market.
The inflation devices market is segmented into display type, application, end user, and region to provide a detailed assessment of the market. Depending on the display type, the market is fragmented into analogue inflation devices, medical & drug information assistance, appointment scheduling and monitoring, and other display types. By application, it is categorized into gastroenterological procedures, urological procedure, interventional cardiology & radiology, and peripheral vascular procedures. On the basis of end user, it is segregated into hospitals & clinics and ambulatory surgical centers. Region wise, the inflation devices market size 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).
According to the display type, the analogue inflation devices segment occupied the largest share of inflation devices market in the year 2018, owing to the advantages offered by these devices. For instance, analogue inflation devices are inexpensive, and therefore are preferred over their counterparts. Moreover, these devices are simple and easier to use, which further boost their adoption across all healthcare settings.
By end user, the hospitals & clinics segment occupied the largest share in 2018, due to a rise in the number of hospitals worldwide. Furthermore, surge in The prevalence of various diseases that require inflation devices during treatment fuels the growth of the market.
In 2018, North America accounted for the major share of inflation devices market size, and is expected to continue this trend, owing to easy availability of inflation devices in the region. Moreover, surge in number of surgical procedures performed in North America propels the market growth. However, Asia-Pacific is expected to register the fastest growth during the forecast period, owing to surge in healthcare expenditure in the region.
The developing economies offer lucrative opportunities for inflation devices providers to exp and their business. The constantly evolving life science industry drives the growth of the market in the developing economies such as India, China, and others.
According to Onkar Sumant, Manager, Healthcare, “The demand of inflation devices is witnessed to be increasing at a considerable rate, owing to surge in The prevalence of cardiovascular disorders across the globe. Furthermore, increase in number of surgical procedures worldwide is another factor that considerably contributes toward the growth of the global market.”
KEY FINDINGS OF THE STUDY
- Analogue inflation device occupied more than two-thirds share of the global Inflation devices market in 2018.
- North America accounted for one-thirds market share in 2018, and is expected to maintain this trend throughout the forecast period.
- The urological procedure in the application segment is anticipated to grow at a CAGR of 6.4% from 2018 to 2026.
- The hospitals and clinics segment accounted for three-fourths share of the market in 2018.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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