The global inflation devices market in 2022 accounts for a revenue of US$ 630.5 million and is projected to increase at a CAGR of 6% through 2030.
High incidence of cardiovascular disorders and the growing geriatric population across the world are prime factors that are anticipated to uplift the demand for inflation devices over the next eight years. Increasing popularity of minimally invasive procedures and rising number of product launches in developed economies are also set to favor inflation devices demand growth across the forecast period.
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Key companies manufacturing inflation devices are expected to focus on the development and launch of novel products to enhance their market presence and gain a competitive advantage over other market players.
- In September 2022, Acclarent, a leading company manufacturing inflation devices, announced that it would be revealing new products for minimally invasive ENT procedures at the 68th Annual Meeting of the American Rhinologic Society (ARS).
- The World Health Organization (WHO) states that by 2030, 1 in 6 people in the world will be aged 60 or over and this number is expected to double by the end of 2050. In 2020, people over the age of 60 were around 1 billion, and are expected to be 1.4 billion by the end of 2030.
Escalating demand for minimally invasive procedures is anticipated to be of paramount importance to new as well as established inflation device manufacturers across the forecast period. Heightened incidence of cardiovascular and coronary artery diseases is also expected to contribute to the expansion of the market in the future.
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Key Takeaways from Market Study
- The global inflation devices market is currently valued at US$ 630.5 million.
- Demand for inflation devices is anticipated to evolve at 6% CAGR through 2030.
- Sales revenue of inflation devices by the end of 2030 is slated to be valued at US$ 1.01 billion.
- Growing aging population, rising popularity of minimally invasive procedures, advancements in medical device technologies, increasing investments in healthcare infrastructure development, and high incidence of cardiovascular disorders are prime drivers of the market.
- Demand for inflation devices in China is anticipated to rise at a robust CAGR of 9.7% CAGR through 2030.
- High costs of cardiac procedures and availability of alternative inflation devices are expected to constrain market development to some extent.
- Demand for 60 ml inflation devices is projected to increase at 6.6% CAGR over the next eight years.
Key Segments in Inflation Devices Industry Research
· By Display Type:
-
- Analog Display
- Digital Display
· By Application:
-
- Interventional Cardiology
- Interventional Radiology
- Peripheral Vascular Procedures
- Gastroenterology Procedures
- Urology Procedures
- Other Applications
· By Capacity:
-
- 20 ml
- 30 ml
- 60 ml
· By End User:
-
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
· By Region:
-
- North America
- Latin America
- Europe
- APAC
- MEA
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Winning Strategy
Inflation device manufacturers are expected to focus on product innovation to fast-track the launch of new products and maximize their sales potential. Companies are also expected to adopt organic and inorganic growth strategies to strengthen their market stance in the global landscape.
This new inflation devices market research report by Fact.MR, a market research and competitive intelligence provider, gives a comprehensive account of all strategies adopted by established and new market players
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global inflation devices market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2030.
The study divulges essential insights on the market on the basis of display type (analog, digital), capacity (20 ml, 30 ml, 60 ml), application (interventional cardiology, interventional radiology, peripheral vascular procedures, gastroenterology procedures, urology procedures, other applications), and end user (hospitals, clinics, ambulatory surgical centers, others), across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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