Inflation Device Market By Display Type (Digital Inflation Devices and Analog Inflation Devices), Capacity (60ml, 30ml, and 20ml), Application (Urological Procedures, Gastroenterological Procedures, Interventional Radiology, and Interventional Cardiology) and End-User (Ambulatory Surgery Centers and Hospitals & Clinics) - Global Analysis & Forecast 2020-2030
Report ID : 352 | Published Date : Jul 2020 | Pages : 150 | Region : Global | Report Code : MD-115
Inflation Device Market Overview and Introduction
The inflation device is an instrument intended to inflate, deflate, and monitor the pressure in balloons and stents during surgical procedures. An automatic version of the handheld balloon injection device is used in clinical angioplasty procedures. In the clinical procedures, physicians use a handheld remote controller to actuate inflation/deflation, facilitating one-handed operation. The manipulation accuracy is high, allowing physicians to set the minimum inflation. The rate of balloon inflation alarm and maximum pressure alarm can be set according to manufactures’ specifications. During the procedure, the micro-controller inside the device can calculate the rate and pressure of inflation. If the value is over the alarm value, a buzzer will alert the physician. This provides safety against over-inflation of the balloon, which may lead to ruptures and serious clinical complications. They have an easy-to-control ergonomic handle for quick & stable inflation that is required during critical surgical procedures. The versatility of these devices can provide additional fluid for larger balloons and the large pressure capacity range allows the inflation of high-pressure interventional balloons. Also, these devices have quick-release handles for easy release even from high-pressure inflations, accelerating deflation time, which is necessary during critical procedures.
The global inflation device market is primarily driven by the advantages of minimally invasive surgeries over traditional open surgeries, such as less trauma, less painful healing processes, and fast recovery post minimally invasive surgeries. Thus, there is an increasing number of minimally invasive surgical procedures across the globe. The increasing number of surgical procedures across the globe is anticipated to further propel market growth during the forecast period. Furthermore, the rising number of individuals suffering from cardiovascular diseases is resulting in the increased demand for inflation devices used in cardiac surgical procedures. According to the WHO, cardiovascular diseases (CVDs) are the number 1 cause of deaths globally, claiming an estimated 17.9 million lives each year. These factors are anticipated to propel market growth during the forecast period. However, high costs of surgical procedures may hinder market growth to a certain extent.
The global inflation device market has been segmented into the following categories - display type, capacity, application, and end-user.
Inflation Device Market By Display Type
Based on display type, the market can be segmented into digital inflation devices and analog inflation devices. Analog inflation devices will dominate the market during the forecast period owing to advantages offered by these devices, including cost-effectiveness, and therefore are preferred over their counterparts. Moreover, these devices are simple and easy-to-use, which further contributes to growth of this segment.
Inflation Device Market By Capacity
Based on capacity, the market can be segmented into 60ml, 30ml, and 20ml. 60ml capacity inflation devices are expected to grow with the highest CAGR owing to growing numbers of surgeries that require higher volumes of liquids for inflation along with wide range of offerings and high adoption rates worldwide.
Inflation Device Market By Application
Based on application, the market can be segmented into urological procedures, gastroenterological procedures, interventional radiology, interventional cardiology, and other applications. The interventional cardiology segment dominated the market due to the rising number of cardiovascular diseases worldwide coupled with the growing number of geriatric populations more prone to develop CVD, resulting in higher adoption of interventional cardiology procedures that utilizes inflation devices.
Inflation Device Market By End-User
Based on end-user, the market can be segmented into Ambulatory Surgery Centers and hospitals & clinics. The hospitals & clinics segment dominated the market due to the increased number of well-equipped hospitals for surgical procedures, coupled with the growing availability of insurance coverage for surgical treatments.
Inflation Device Market By Region
Based on the region, the global inflation device market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the market owing to supportive government regulations for product commercialization and favorable reimbursement & insurance coverage for major surgical procedures, contributing to market growth. Moreover, the presence of key players, their increasing investments in the R&D of inflation devices and well-established healthcare infrastructures are further contributing to the overall market growth in this region.
Inflation Device Market Prominent Players
Some of the key players operating in the global inflation device market include ADVANCED LIFESCIENCES PVT. LTD., Merit Medical Systems., Acclarent, Inc., Atrion Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, BD., Cardinal Health., CONMED Corporation., Cook, and others.