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Inflation Device are ergonomically designed inflation devices used for inflating balloons and stents during angioplasty procedures and to measure the pressure within the balloons. During minimally invasive balloon dilation procedures, the Inflation Device can be used to inflate the balloon with fluid, to monitor the pressure in the balloon during the procedure, and to deflate the balloon after dilation.
The rising number of patients suffering from coronary artery diseases is the key factor driving the inflation device market. As per the Centers for Disease Control and Prevention (CDC), CVDs are the leading cause of death globally, more people die annually from CVDs than from any other cause. The growing adoption of minimally invasive procedures, the presence of developed healthcare infrastructure in a majority of developed countries, growing adoption of balloon assisted surgeries that utilize inflation devices to inflate and deflate the balloon (such as angioplasty, angiography, balloon sinuplasty, catheter embolization) are the factors propelling the demand for inflation devices. Furthermore, 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 is likely to boost the growth of the market. high level of awareness among patients coupled with the rising demand for minimally invasive procedure for coronary artery diseases and various treatment options for heart disorders. However, growing number of market players has led to cost war, which is may hamper the growth of the global angioplasty balloons market.
The report analyses the global inflation device market based on type, capacity, application, end user and geography
The inflation device is accessible as digital and analog inflation device. The digital inflation device offers high resolution display to enhance visuability of critical figures. Further, it also has an automatic timer and intelligent memory to record and recall prior inflation information. There is a growing demand for digital display inflation devices. The high demand of this segment is attributed to the advanced display patterns and ease of use associated with these devices. In addition, growing number of local manufacturers manufacturing digital inflation devices at lower cost as compared to established market players is also likely to impact positively for the segmental growth.
The inflation devices with different capacity are available in the market including 20ml, 30ml, and 60ml inflation devices. The 60ml is likely to observe lucrative market growth over the forecast period. The 60 ml inflation devices feature quick-latch mechanisms (enables one-handed deflation) and are designed to be easy to use, which has driven their adoption in pulmonary, gastroenterology, and otolaryngology procedures, as these procedures utilize comparatively larger-sized balloons and require more amounts of liquid for inflation.
Inflation devices finds application in Interventional Cardiology, Interventional Radiology, Peripheral Vascular Procedures, Gastroenterological Procedures, Urological Procedures etc. Among aforementioned applications, the inflation devices are majorly utilised in the interventional cardiology segment. As stated by World Health Organisation, CVDs are the leading casuse of death globally. More people die annually from CVDs than from any other cause. An estimated 17.9 million people died from CVDs in 2016, representing 31% of all global deaths. The high prevalence of these disease driving the adoption of interventional cardiology procedures that utilizes inflation devices.
The major end users of the inflation device are hospitals and clinics and ambulatory care centers. The hospitals and clinics segment accounted for the largest market share majorly due to the rising number of hospitals and specialty clinics in emerging countries, growing prevalence of target diseases, and large number of surgical and diagnostic procedures performed across these facilities. However, the ambulatory surgical centers is anticipated to observe lucrative market growth attributed to the availability of advanced services, cost effectiveness and minimum hospital stay requirements.
By geography, the global Inflation Device Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, and Rest of the world.
In 2018, North America accounted for the maximum revenue share owing to the local presence of key industry players coupled with the change in U.S. FDA policy, and growing number of percutaneous coronary interventions in this region. Furthermore, Europe region was the second leading global market for inflation devices, attributed to the factors such as the presence of large geriatric population suffering from cardiovascular diseases in the region. However, Asia Pacific is expected to be the most lucrative regional market during the forecast period on account of world’s largest population present in this region with a noticeable number of people suffering from heart diseases, growing healthcare expenditure and positive government support.
The major players operating in the inflation device market include Merit Medical Systems, Boston Scientific Corporation, Cardinal Health, CONMED Corporation, Medtronic Plc, Acclarent Inc., Cook medical, Atrion Corporation, Becton Dickinson and Company, Terumo Medical Corporation, B. Braun Melsungen AG, Olympus Corporation, Teleflex Incorporated, and US Endovascular among others.
The report analyses the global inflation device market based on type, capacity, application, end user and geography. The inflation device is accessible as digital and analog inflation device. The digital inflation device offers high resolution display to enhance visuability of critical figures. The inflation devices with different capacity are available in the market including 20ml, 30ml, and 60ml inflation devices. Inflation devices finds application in Interventional Cardiology, Interventional Radiology, Peripheral Vascular Procedures, Gastroenterological Procedures, Urological Procedures etc.
The major players operating in the inflation device market include Merit Medical Systems, Boston Scientific Corporation, Cardinal Health, CONMED Corporation, Medtronic Plc, Acclarent Inc., Cook medical, Atrion Corporation, Becton Dickinson and Company, Terumo Medical Corporation, B. Braun Melsungen AG, Olympus Corporation, Teleflex Incorporated, and US Endovascular among others.
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