Inflation Device Market

September 17, 2019 Services

Price: 293651.12

Description

Inflation Device Market was valued at US$ 320.35Mn in 2017 and is expected to reach US$ 650.23 Mn by 2026, at a CAGR of 9.26% during a forecast period. Global Inflation Device Market Growing implementation of minimally invasive procedures, the presence of developed healthcare infrastructure in developed countries, the growing incidence of CVD, and the less-stringent approval procedures are contributing to the growth of the market. With the growth of the geriatric population, the prevalence of coronary artery disease is also expected to increase, which is a major target indication for interventional cardiology procedures that utilizes inflation device to inflate and deflate the balloon. Based on the capacity segment,the global inflation device market is segmented into 20ml, 30ml, and 60ml inflation devices. The 60ml inflation devices segment is expected to grow at fastest CAGR during forecast period. These devices feature quick-latch mechanisms (enables one-handed deflation) and are designed to be easy to use, which has driven their implementation in pulmonary, gastroenterology, and otolaryngology procedures, as these procedures utilize comparatively larger-sized balloons and require more amounts of liquid for inflation. On the basis of application segment,the rising geriatric population more prone to develop CVD, which is a major factor driving the implementation of interventional cardiology procedures that utilizes inflation devices. Furthermore, growth in the number of new multi-specialty hospitals in developing countries offering progressive minimally invasive procedures, favourable reimbursement scenario for angioplasty procedures will further drive growth of segment over the forecast period. Global Inflation Device Market In terms of region,APAC is expected to grow at the highest CAGR during the forecast period. Market development is driven by the rising number of minimally invasive surgical procedures, developing healthcare infrastructure, rising awareness about HAIs and the use of disposable devices, and the growing implementation of minimally invasive procedures. Major market players are undertaking strategic initiatives to increase their presence in emerging APAC countries like China and India in order to leverage the growth opportunities in these markets will further contribute to the market growth. 

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