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.
North America is expected to have a significant market share in the global inflation devices market attributing the rising number of minimally invasive surgical procedures, development in the healthcare facilities, and raising awareness about the Healthcare-Associated Infections (HAIs). However, Asia-Pacific is expected to grow at a high rate in the market owing to the rise in the awareness of the people and faster recovery after surgery. The US-based inflation device company, Merit Medical System, accounts the significant share in the market attributing to the broad portfolio of digital inflation devices and analog devices. The company focuses on organic and inorganic growth strategies to enhance its footprint in the global market. Merit Medical is a major provider of digital inflation technology across the globe. In addition, the company is one of the market leaders in the US for analog inflation devices. With its strong product portfolio and wide geographic presence, the company is expected to grow at a high rate in the near future.
Global Inflation Device Market: Segmentation
By Display Type
By Application
By End-User
Global Inflation Device Market: - Region
North America
Europe
Asia-Pacific
Rest of the World
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