Inflation Device Market is projected to reach a value of USD 0.88 billion by the year 2029, with a compound annual growth rate (CAGR) of 5.15% during the forecast period.
Titled "Global Inflation Device Market - the study provides a detailed analysis of the impact of the COVID-19 pandemic on market leaders, followers, and disrupters. The report takes into account the varying effects of lockdown measures implemented in different regions and countries, offering valuable insights for decision makers to devise short-term and long-term strategies by region.
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The report highlights several key drivers contributing to the growth of the global inflation device market. These include the increasing adoption of minimally invasive procedures, the presence of advanced healthcare infrastructure in developed countries, the rising incidence of cardiovascular diseases (CVD), and the streamlined approval procedures. The growing geriatric population is also expected to drive market growth, as coronary artery disease becomes more prevalent and necessitates interventional cardiology procedures that utilize inflation devices for balloon inflation and deflation.
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What are Inflation Device Market Dynamics?
Growing Demand for Minimally Invasive Procedures: There is a rising demand for minimally invasive procedures across different medical specialties. Inflation devices play a crucial role in these procedures, as they are used to inflate and deflate balloons during interventions. The increasing preference for minimally invasive techniques over traditional surgical methods is driving the demand for inflation devices.
Advanced Healthcare Infrastructure: Developed countries have well-established healthcare infrastructure, including hospitals and clinics equipped with advanced medical devices and technologies. The presence of such infrastructure facilitates the adoption of inflation devices and other interventional procedures, contributing to market growth.
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Increasing Incidence of Cardiovascular Diseases (CVD): Cardiovascular diseases, such as coronary artery disease, are a major health concern globally. The prevalence of CVD is expected to rise further with the growing geriatric population. Inflation devices are extensively used in interventional cardiology procedures to perform angioplasty and stenting, thus driving the demand for these devices.
Less-Stringent Approval Procedures: Compared to other medical devices, inflation devices generally have less-stringent approval procedures, which expedite their introduction into the market. This factor encourages manufacturers to develop and launch new inflation devices, thereby boosting market growth.
What are Inflation Device Market regional insights?
The report also provides regional insights, with the Asia Pacific (APAC) region expected to exhibit the highest CAGR during the forecast period. The market development in APAC is driven by the increasing number of minimally invasive surgical procedures, the development of healthcare infrastructure, growing awareness of healthcare-associated infections (HAIs) and the use of disposable devices, and the expanding adoption of minimally invasive procedures. Major market players are actively pursuing strategic initiatives to establish a strong presence in emerging APAC countries such as China and India, leveraging the growth opportunities in these markets.
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What is Inflation Device Market Segmentation?
• 20ml Inflation Devices
• 30ml Inflation Devices
• 60ml Inflation Devices
by Display Type
• Analog Inflation Devices
• Digital Inflation Devices
• Interventional Radiology
• Peripheral Vascular Procedures
• Gastroenterological Procedures
• Urological Procedures
• Other Applications
•Hospitals and Clinics
• Ambulatory Surgery Centers
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Who are Inflation Device Market Key Players?
• Advanced Lifesciences Pvt. Ltd.
• Acclarent, Inc.
• Atrion Corporation
• B. Braun Melsungen AG
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Cardinal Health
• Conmed Corporation
• Cook Medical
• Medtronic PLC
• Merit Medical Systems
• Olympus Corporation
• Teleflex Incorporated
• Terumo Medical Corporation
• US Endovascular
• Elite Medtek Co. Ltd.
• Smiths Group plc
• Nucryo Vascular LLC
Table of content for the Inflation Device Market includes:
1. Global Inflation Device Market: Research Methodology
2. Global Inflation Device Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Inflation Device Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• Regulatory Landscape by region
• North America
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Inflation Device Market Segmentation
• Global Market, by Capacity(2021-2029)
• Global Market, by Display Type(2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by End-User(2021-2029)
5. Regional Inflation Device Market(2021-2029)
• Regional Market, by Capacity(2021-2029)
• Regional Market, by Display Type(2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by End-User(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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