Allied Market Research provides an encyclopedic study of the Inflation Devices Market with holistic insights into key factors and aspects impacting the future growth of the market. The Inflation Devices market has been analyzed for the forecast period 2019-2026. 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 employed to measure pressure in stents and balloons during different surgeries. These devices are of two types, which include analogue inflation device and digital inflation devices. These inflation devices are different from each other on the basis of display, which is incorporated into the equipment. For instance, analogue inflation devices have a scale with a needle, which shows the reading of the pressure applied. This reading is then read manually by a trained professionals. However, the digital analogue devices have an automatic system, which is connected to a software.
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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.
The Inflation Devices Market research report can help you in taking the right business decisions. It is a comprehensive and detailed analysis of market trends, opportunities, and challenges that will give you an edge over competitors. You will be able to take informed decisions based on this data-driven study.
Regional overview
North America, Asia-Pacific, Europe, Latin America, The Middle East, and Africa are the provincial order of the worldwide Inflation Devices market.
Competitive Outlook
Full-size descriptive and analytical market records, as well as the research technique used to reach various results, are included in the file. This Inflation Devices market studies paper offers a thorough list of the market’s top players, as well as detailed information on each company, including an industrial agency company profile, sales shares, a strategy evaluation, and recent developments.
Competitive Landscape with Key Players: 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.
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In 2018, North America accounted for the major share of inflation devices market size, and is expected to continue this trend, owing to easy availability of inflation devices in the region. Moreover, surge in number of surgical procedures performed in North America propels the inflation devices market growth. However, Asia-Pacific is expected to register the fastest growth during the forecast period, owing to surge in healthcare expenditure in the region.
The developing economies offer lucrative opportunities for inflation devices providers to expand their business. The constantly evolving life science industry drives the growth of the market in the developing economies such as India, China, and others.
KEY FINDINGS OF THE STUDY:
- Analogue inflation device occupied more than two-thirds share of the global Inflation devices market in 2018.
- North America accounted for one-thirds market share in 2018, and is expected to maintain this trend throughout the forecast period.
- The urological procedure in the application segment is anticipated to grow at a CAGR of 6.4% from 2018 to 2026.
- The hospitals and clinics segment accounted for three-fourths share of the market in 2018.
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