According to a new report Global Inflation Devices Market, published by KBV research, The Global Inflation Devices Market size is expected to reach $656.6 Million by 2025, rising at a market growth of 4% CAGR during the forecast period. Rapidly increasing adoption of minimally invasive procedures, the presence of advanced healthcare infrastructure in developed countries, the increasing incidence of CVD and the less stringent approval procedures contribute to market growth. The pervasiveness of coronary artery disease is also projected to increase with the growth of the geriatric population.
Based on the display type, the market is categorized into Analogue Inflation Devices and Digital Inflation Devices segments with the former having higher share. The Analogue Inflation Devices is expected to retain its dominance during the forecast period.
The sub-segment of hospitals and clinics accounted for the largest market share in 2018, primarily due to the extensive number of hospitals and specialty clinics in developing countries; growing target disease prevalence; and a large number of surgical and diagnostic procedures conducted through these facilities.
North America accounted for a dominant market share in the regional segment. This trend is anticipated to continue during the forecast, due to the easy availability of inflation devices in this region. In addition, the surge in the total count of surgical procedures in North America acts as a key market driver. Furthermore, the presence of trained healthcare professionals and a sharp increase in awareness among healthcare professionals about the use of inflation devices are other major factors that improve market growth in the region.
Asia-Pacific, nevertheless, is expected to register the fastest growth over the forecast period, owing to a surge in regional healthcare spending. Factors such as the presence of a large patient base along with an increase in technological advances and an increase in awareness of the use of inflation devices in Asia-Pacific also present potential opportunities for key players operating on the market for inflation devices. The aforementioned factors drive the growth of the market of inflation devices in the region.
Structural Insights: https://www.kbvresearch.com/inflation-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Johnson and Johnson (Acclarent, Inc.), Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Inc., ConMed Corporation, Cook Medical, Inc. (Cook Group), Medtronic PLC, Olympus Corporation, Teleflex, Inc., and Terumo Corporation.
By Application
By Display Type
By End User
By Geography
Companies Profiled
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