Inflation device market has significant potential owing to the high demand for minimally invasive treatment across the globe. These devices are majorly used in the intervention radiology, intervention cardiology and peripheral vascular surgical procedures including angioplasty, angiography, embolization, thrombosis and so on. The inflated devices are used for the implementation in mainly gastroenterology, pulmonary, and otolaryngology procedures. As these procedures require comparatively large-size balloon, resulting in a huge amount of liquid for inflation. The increasing incidence of cardiac diseases along with surgeries such as angioplasty, radiology, angiography, embolization, and thrombosis have been favorable for the growth of this market.
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The favorable reimbursement for the medical conditions including minimally invasive procedures in the developed and developing economies and rising application of inflation devices are the key factors driving the growth for inflation devices market. According to the Journal of the American Medical Association (JAMA), the increasing adoption of minimally invasive procedure in critical surgeries for instance that includes Transcatheter Aortic Valve Replacement (TAVR) has led to the market growth. Some non-popular category of surgeries includes open abdominal hysterectomy including laparoscopic hysterectomy and vaginal hysterectomy, lumber puncture (spinal tap), and so on. Increasing demand for these surgeries has increased the demand for the inflation devices market.
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Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to contribute significantly towards the market growth of the forecast period. Increasing prevalence of CVDs coupled with a rising number of minimally invasive surgical procedures and well-developed healthcare infrastructure in the region is expected to fuel the market growth over the forecast period. Europe and Asia-Pacific are expected to register significant growth rate over the forecast period. Furthermore, the market is characterized by the presence of several players that are operating across the globe. Some of the players in the global inflation device market include Boston Scientific Corp., Medtronic PLC, Olympus Corp., B. Braun Melsungen AG, Becton, Dickinson & Co., Merit Medical Systems Inc., and Acclarent, Inc.
Global Inflation Device Market- Segmentation
By Application
- Interventional Radiology
- Interventional Cardiology
- Urological Procedures
- Gastroenterological Procedures
- Others (Peripheral Vascular Procedures)
By Display Type
- Analog Inflation Devices
- Display Inflation Devices
Global Inflation Device Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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