Market Overview:
The global Inflation Devices Market is estimated to be valued at US$4.64 billion in 2023 and is expected to exhibit a CAGR of 8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Inflation devices are medical devices used to inflate and deflate balloons, such as angioplasty balloons, through the delivery of precise amounts of pressure. These devices play a crucial role in various procedures, including cardiovascular interventions and minimally invasive surgeries. Inflation devices offer advantages such as accurate and controlled inflation, precise pressure measurement, and enhanced safety during medical procedures. The increasing prevalence of cardiovascular diseases and the growing adoption of minimally invasive surgeries are driving the demand for inflation devices in the global market. Market Key Trends: One key trend observed in the global inflation devices market is the technological advancements in inflation devices. Manufacturers are focusing on developing innovative devices that offer improved accuracy, safety, and ease of use. For instance, Medtronic has developed the Dual Sensor Rapid Exchange MicroCutter XCHANGE 30 surgical stapling device, which offers precise control, enhanced tissue manipulation, and consistent performance. Such advancements are expected to drive the adoption of inflation devices in the market. Additionally, the market is witnessing a rise in strategic collaborations and partnerships among key players. Companies are entering into collaborations to enhance their product portfolios and expand their market presence. For example, Boston Scientific and Abbott Laboratories collaborated to develop and commercialize a new device for chronic pain management. This collaboration will enable the companies to leverage their respective strengths and provide advanced solutions to customers. Such collaborations are expected to further boost the growth of the global inflation devices market. Segment Analysis The inflation devices market can be segmented based on product type, end-user, and region. In terms of product type, the dominating segment in the market is the disposable inflation devices segment. Disposable inflation devices are widely used in various medical procedures due to their convenience, cost-effectiveness, and low risk of contamination. These devices are designed for single-use, eliminating the need for sterilization or cleaning. Additionally, disposable inflation devices offer ease of use and reduce the risk of infection, making them the preferred choice among healthcare professionals. Key Takeaways The global Inflation Devices Market Share is expected to witness high growth, exhibiting a CAGR of 8% over the forecast period. This growth can be attributed to several factors, including the increasing prevalence of cardiovascular diseases and the rising demand for minimally invasive surgical procedures. In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the inflation devices market. This can be attributed to the presence of well-established healthcare infrastructure, technological advancements, and high healthcare expenditure in the region. Additionally, the increasing prevalence of chronic diseases, such as cardiovascular diseases, in North America is driving the demand for inflation devices. The key players operating in the inflation devices market include Medtronic, Boston Scientific, Abbott Laboratories, Teleflex, ConvaTec, Smiths Group, Cook Medical, B. Braun Melsungen, Cardinal Health, and Stryker. These companies are focused on product innovation, mergers and acquisitions, and strategic collaborations to expand their product offerings and strengthen their market presence in the inflation devices market. Read More, https://www.newsstatix.com/inflation-devices-market-trends-size-and-share-analysis
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
February 2024
Categories
All
|