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Insufflation Devices Market Key Drivers, Market Research, and Insights for the US$ 4.7 Bn Market 2022-2032

02-15-2024 01:54 PM CET | Health & Medicine

Press release from: Transparency Market Research

Insufflation Devices Market

Insufflation Devices Market

The global insufflation devices market has witnessed substantial growth in recent years, driven by factors such as the increasing prevalence of health issues necessitating surgeries and the surge in minimally invasive procedures. This article delves into the burgeoning insufflation devices industry, exploring key market trends, regional insights, and category-wise dynamics shaping its expansion from 2022 to 2032.

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Key Players and Market Developments
The key companies operating in the insufflation devices market include Fujifilm, Medtronic, Stryker Corporation, BD, Olympus, B. Braun Melsungen, Smith & Nephew, Karl Storz, Steris, CONMED, Richard Wolf, Laprosurge, Locamed, Mindray, Seemann Technologies, Cooper Surgical, Genicom, Ackermann Instrumente, Teleflex, WISAP Medical Technology, Ethicon, ILO Electronic, and Palliare Ltd.

Market Overview

The insufflation devices market, valued at approximately US$ 2.3 billion in 2021, is projected to exhibit a robust CAGR of 6.7% over the next decade, reaching a valuation of US$ 4.7 billion by 2032. This growth is attributed to the rising adoption of minimally invasive surgeries and the escalating demand for insufflation devices across various surgical procedures.

Key Market Drivers

The demand for insufflation devices is primarily fueled by the escalating prevalence of health conditions necessitating surgeries, such as uterine fibroids, obesity, and cardiac issues. These devices play a crucial role in maintaining pneumoperitoneum during laparoscopic surgeries, reducing clinical complications and enhancing surgical outcomes. Additionally, the surge in minimally invasive procedures, characterized by quicker recovery rates and fewer hospital stays, is driving the adoption of insufflation devices.

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Regional Insights

North America: The region leads the insufflation devices market, driven by the rapid adoption of minimally invasive surgeries and technological advancements in the medical sector. The prevalence of lifestyle diseases like obesity and cardiac issues further fuels the demand for these devices in the region.

Asia Pacific: The market in Asia Pacific is poised for significant growth, propelled by the increasing prevalence of obesity and heart disease. Additionally, rising awareness of minimally invasive surgery and unmet demand for effective treatment options are driving the adoption of insufflation devices in the region.

Country-wise Analysis

U.S.: The U.S. market for insufflation devices is projected to reach a valuation of US$ 1.7 billion by 2032, driven by the rising prevalence of lifestyle diseases and the increasing adoption of laparoscopic surgeries.

U.K.: The market in the U.K. is expected to grow at a CAGR of 5.5% during 2022-2032, reaching a valuation of US$ 190.4 million by 2032.

Japan: With a CAGR of 7.4%, the market in Japan is anticipated to reach US$ 198 million by 2032, driven by the increasing demand for minimally invasive surgeries.

South Korea: The South Korean market is projected to reach US$ 82 million by 2032, growing at a CAGR of 5.1% during 2022-2032.

Category-wise Dynamics

Laparoscopic Surgeries: The increasing demand for laparoscopic surgeries, characterized by faster recovery rates, is driving the adoption of insufflation devices, which play a pivotal role in maintaining pneumoperitoneum during these procedures.

Bariatric Surgeries: The rising prevalence of obesity and the growing awareness of the benefits of bariatric surgery are boosting the demand for insufflation devices as a form of treatment.

Ambulatory Surgical Centers: The rise of ambulatory surgical centers, offering same-day surgical care, is expected to drive the adoption of insufflation devices, particularly for procedures with minimal incisions and fewer complications.

About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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