Inflation Devices Market Overview:
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 used for filling and emptying of balloons that are used for the surgical procedures. Inflation devices work by producing atmospheric pressure of a certain preset limit. The amount of pressure applied is displayed on the device. Furthermore, these devices have different types of displays such as analogue displays and digital displays. These displays have different properties such as the digital displays offer an advantage to note the readings in a dim light room due to their luminescent backgrounds. Furthermore, analogue displays are easy and simple to use, as they are incorporated with a scale on which the readings are displayed. In addition, these devices are utilized in various surgeries such as cardiovascular procedures gastroenterological procedures.
The growth of the global inflation devices market driven by rise in adoption of minimally invasive procedures, For instance, these surgical procedures require smaller incisions which results in less scarring. Furthermore these procedures are less painful as compared to the surgeries including larger incisions. Moreover, these surgeries also have higher accuracy rate compared to traditional open surgery. Therefore, these surgeries are preferred by patients and healthcare providers. In addition, factors such as surge in prevalence of cardiovascular diseases, and increase in number of surgical procedures performed across the globe. Furthermore, surge in healthcare expenditure worldwide is another factor that contributes toward the growth of the market. In addition, rise in geriatric population across the globe acts as a major driver of the global inflation devices market. However, expensive surgical procedures restrains the growth of the market.
Inflation Devices Market Segmentation
The 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 bifurcated 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).
Segment Review
According to the display type, the market is classified into display type, application, end user, and region. The analogue inflation devices segment occupied the largest of inflation devices market share in 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 contribute toward the growth of this segment. In addition, the analogue inflation devices segment also exhibited the fastest growth rate during the forecast period.
By Display Type
Analogue Inflation Devices is projected as one of the most lucrative segment.
By end user, the market is bifurcated into hospitals & clinics and ambulatory surgical centers. The hospitals & clinics occupied the largest share of the inflation devices market. This is attributed to rise in number of hospitals worldwide. Furthermore, surge in prevalence of various diseases that require surgeries for their treatment fuels the adoption of inflation devices, thereby augmenting the growth of the global market. Moreover, surgical procedures require specialized equipment and trained professional medical staff. Therefore, hospitals use inflation devices to perform surgeries.
By Application
Interventional Cardiology and Radiology holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.
Region wise, North America accounted for the major share of inflation devices market size, and is expected to continue this trend during the forecast, owing to easy availability of inflation devices in this region. Moreover, surge in number of surgical procedures performed in North America acts as a key driver of the market. Furthermore, presence of trained healthcare professional and surge in awareness related to use of inflation devices among healthcare professionals are other major factors that boost the growth of the market in the region. However, Asia-Pacific is anticipated to register the fastest growth during the forecast period, owing to surge in healthcare expenditure in the region. In addition, factors such as presence of a large patient base coupled with surge in technological advancements and rise in awareness related to the use of inflation devices in Asia-Pacific present potential opportunities for the key players operating in the inflation devices market. Hence, the factors aforementioned drive the inflation devices market growth in region.
By Geography
Asia-Pacific region would exhibit the highest CAGR of 6.4% during 2019-2026.
The global inflation devices market is highly competitive, and the prominent players in the market have adopted various strategies for garnering maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include 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 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 inflation devices market forecast is studied from 2019 to 2026.
- The market size and estimations are based on a comprehensive analysis of key developments in the inflation devices 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
Inflation Devices Market Report Highlights
| Aspects | Details |
 By Display Type |
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 By Application |
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 By End User |
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 By Region |
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 Key Market Players | Your.MD, Microsoft, Ada Digital Health Ltd., PACT Care B.V., Buoy Health, Inc., Ariana, Infermedica Sp. z o.o, Babylon Healthcare Service Limited, Sense.ly Inc., GYANT.Com, Inc. |
Analyst Review
Inflation devices are medical equipment which are employed in filling and emptying of stent and balloons used during surgeries. Furthermore, inflation devices are also used to note pressure readings. These devices are used in various surgical procedures such as cardiac surgeries, gastroenterological surgeries and others.
The utilization of inflation devices has witnessed a significant growth, owing to surge in healthcare expenditure across the globe. The other factors that propel the utilization of different inflation devices include increase in incidence of cardiovascular diseases, surge in geriatric population and others. Conversely, expensive surgical procedures hinders the growth of the global inflation devices market. Whereas, growth potential offered by developing economies is expected to offer lucrative opportunities in the forecast period.
The total market value of inflation devices market is $517.00 million in 2018.
The forcast period for inflation devices market is 2019 to 2026
The market value of inflation devices market in 2019 is $543.30 million
The base year is 2018 in inflation devices market
Top companies such as, Merit Medical System, Beckton Dickson And Company, Boston Scientific Corporation, Medtronic Plc., and ConMed Corporation held a high market position in 2018. These key players held a high market postion owing to the strong geographical foothold in different regions.
Analogue inflation devices segment is the most influencing segment owing to surge in prevalence of cardiovascular disorders that require cardiovascular surgeries for treatment is the major reason that boost the growth of analogue inflation devices market.
The key trend in the inflation devices market is the rise in adoption of minimally invasive procedures such as laparoscopy, anti-reflux surgery, colectomy and others across the globe . This leads to surge in the demand for inflation devices which boots the growth of the market.
Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as India with a CAGR of 6.4%. This is due to rise in healthcare expenditure in the region.
Inflation devices are defined as medical equipment which are employed for filling and emptying of the balloons. Furthermore, there are different types of inflation devices which are offered in the market such as analogue inflation devices, and digital inflation devices.
Inflation Devices are employed for filling and emptying of the balloons which are used during different surgical procedures such as cardiac surgeries, gastric surgeries, urological surgeries and others
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