Overview
The Global Inflation Devices market reached at a CAGR of 5.6% during the forecast period 2024-2031.
Inflation devices are used to inflate or deflate balloons during interventional procedures. These devices are employed in a variety of surgeries, including those related to the cardiovascular, urology, endoscopy, gastrointestinal, and biliary systems.
While inflation devices can be disposable or reusable, most manufacturers recommend single-patient use. They are available in different capacities, typically ranging from 25cc to 60cc, with air pressure levels between 5 and 30 ATM (atmospheres).
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Market Growth Trends
Rising prevalence of cardiovascular conditions
As the global population continues to grow, particularly among the elderly, the incidence of cardiovascular conditions such as stroke, atherosclerosis, coronary artery disease, and heart attacks is expected to increase, driving significant demand for cardiovascular interventional procedures.
According to United Nations projections, the global population is expected to reach 8.5 billion by 2030 and 9.7 billion by 2050. The World Health Organization (WHO) estimates that the population aged 60 and above will reach nearly 1.4 billion by 2030 and 2.1 billion by 2050.
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Market is segmented
By Product Type: Cardiovascular Inflation Devices, Endoscopy Inflation Devices, Urology Inflation Devices, Gastroenterology Inflation Devices
By Modality: Single-Use, Reusable
By End-Users: Hospitals, Specialty Clinics, Ambulatory Surgical Centers
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
· B. Braun Group of Companies
· Merit Medical Systems
· Boston Scientific Corporation
· Cook
· Olympus America
· Medtronic
· BD (Becton, Dickinson and Company)
· Johnson & Johnson Inc.
· CONMED Corporation
· Vyogn
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