Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The "Inflation Device Market by Display Type (Analog & Digital), Capacity (20ml, 30ml, 60ml), Application (Interventional Cardiology, Radiology, Peripheral Vascular, Urology), End User (Hospitals & Clinics, Ambulatory Surgery Centers) - Forecasts to 2024" report has been added to ResearchAndMarkets.com's offering.

The global inflation devices market is projected to reach USD 600 Million by 2024 from USD 480 Million in 2019, at a CAGR of 4.7% from 2019 to 2024.

The increasing incidence of target diseases, favorable medical reimbursement for minimally invasive procedures in developed countries, rising demand of minimally invasive surgical procedures across major countries, and increasing applications of inflation devices are the key factors driving the growth of inflation devices market.

Government initiatives to control the burden of healthcare-associated infections (HAI) in developed countries and increasing healthcare expenditure across emerging markets are further assisting market growth.

The analog inflation devices segment accounted for the largest market share of global inflation devices market in 2018

Based on display type, the inflation devices market is segmented into analog and digital display inflation devices. The analog display inflation devices segment is expected to account for larger share of inflation devices market in 2019.

The large share of this segment is attributed to the reluctance among users for adopting advanced display techniques and low cost and portability of analog inflation devices as compared to digital inflation devices.

The interventional cardiology application segment accounted for the largest share of the inflation devices market in 2018

Based on application, interventional cardiology, interventional radiology, peripheral vascular procedures, urological procedures, gastroenterological procedures, and other applications. The interventional cardiology application segment is estimated to command the largest share of the inflation devices market in 2018.

The large share of this segment is attributed to the growing prevalence of cardiovascular diseases, rising geriatric population (as this population segment is more prone to developing cardiovascular disorders), and the rising preference for minimally invasive surgeries.

North America to account for the largest share of the global market in 2018

The inflation devices market is segmented into four major regions, namely North America, Europe, Asia Pacific, and Rest of World. North America accounted for the largest share in 2018.

The availability of reimbursements for medical procedures, increasing preference for minimally invasive surgical procedures, and the presence of major market players in the region are the key factors contributing to the market growth in this region.

Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Estimation Methodology
2.3 Market Breakdown and Data Triangulation
2.4 Research Limitations and Assumptions

3 Executive Summary

4 Premium Insights
4.1 Market Overview
4.2 Geographic Analysis: Inflation Device Market, By Display Type and Region
4.3 Geographic Analysis: Market, By Capacity and Region
4.4 Market, By Application
4.5 Geographic Snapshot of the Inflation Device Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Geriatric Population
5.2.1.2 Increasing Preference for Minimally Invasive Surgeries
5.2.1.3 Favorable Reimbursement Scenario for Cardiovascular Procedures
5.2.2 Restraints
5.2.2.1 Availability of Effective Alternative Treatments
5.2.2.2 High Rate of Reprocessing Inflation Devices
5.2.3 Opportunities
5.2.3.1 Emerging Economies Offer High-Growth Potential
5.2.3.2 Rising Awareness About Hospital-Acquired Infections and the Rising Adoption of Disposable Accessories
5.2.4 Challenges
5.2.4.1 Product Recalls
5.2.4.2 Presence of Local Manufacturers and Pricing Pressure

6 Inflation Device Market, By Capacity
6.1 Introduction
6.2 20ml Inflation Devices
6.2.1 Easy Availability of 20ml Inflation Devices and Wide Range of Offerings are Driving the Growth of This Market Segment
6.3 30ml Inflation Devices
6.3.1 30ml Inflation Devices Offer Digital Or Analog Displays
6.4 60ml Inflation Devices
6.4.1 60ml Inflation Devices to Witness Highest Growth During the Forecast Period

7 Inflation Device Market, By Display Type
7.1 Introduction
7.2 Analog Inflation Devices
7.2.1 Analog Inflation Devices Accounted for the Larger Market Share Primarily Due to the Low Cost and Portability Associated With These Devices
7.3 Digital Inflation Devices
7.3.1 High Growth of the Digital Inflation Devices Segment is Attributed to the Advanced Display Patterns and Ease of Use Associated With These Devices

8 Inflation Device Market, By Application
8.1 Introduction
8.2 Interventional Cardiology
8.2.1 Interventional Cardiology Forms the Largest Application Segment of the Inflation Devices Market
8.3 Interventional Radiology
8.3.1 Increasing Prevalence of Cancer to Drive the Adoption of Inflation Devices for This Application Segment
8.4 Peripheral Vascular Procedures
8.4.1 Increasing Prevalence of Target Diseases to Drive the Market for This Application Segment
8.5 Gastroenterological Procedures
8.5.1 Gastroenterological Procedures Segment to Witness the Highest Growth Primarily Due to the Increasing Incidence of Gastrointestinal Diseases Across the Globe
8.6 Urological Procedures
8.6.1 Growing Prevalence of Urological Disorders & Ongoing Technical Advancements in the Field of Minimally Invasive Urological Treatments to Drive Market Growth
8.7 Other Applications

9 Inflation Device Market, By End User
9.1 Introduction
9.2 Hospitals and Clinics
9.2.1 Hospitals Hold the Largest Share of the Market, By End User
9.3 Ambulatory Surgery Centers
9.3.1 Advantages of Ambulatory Care Have Boosted Patient Preference for These Centers

10 Inflation Device Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US Accounts for the Largest Share of the North American Market
10.2.2 Canada
10.2.2.1 Nearly One-Fifth of the Population Suffers From High Blood Pressure
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany Had Among the Highest Obesity Rates in 2017
10.3.2 UK
10.3.2.1 Rising Geriatric Population and Well-Developed Healthcare Infrastructure Account for Market Growth
10.3.3 France
10.3.3.1 Favorable Government Support has Expanded Healthcare Access and Medical Tourism in France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 China's Aging Population is Growing at A High Rate
10.4.2 Japan
10.4.2.1 Universal Healthcare Coverage has Allowed for Easy Access to Healthcare in Japan
10.4.3 India
10.4.3.1 High Target Patient Population in India Will Drive Market Growth
10.4.4 Rest of Asia Pacific
10.5 Rest of the World

11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 Product Launches and Approvals
11.3.2 Acquisitions
11.3.3 Expansions
11.3.4 Partnerships, Agreements, and Collaborations
11.4 Competitive Leadership Mapping: Major Market Players (2018)
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic Differentiators
11.4.4 Emerging Companies

12 Company Profiles
12.1 Advanced Lifesciences Pvt. Ltd.
12.2 Acclarent Inc. (Subsidiary of Johnson & Johnson)
12.3 Atrion Corporation
12.4 B. Braun Melsungen AG
12.5 Becton, Dickinson and Company
12.6 Boston Scientific Corporation
12.7 Cardinal Health
12.8 Conmed Corporation
12.9 Cook Medical
12.10 Medtronic PLC
12.11 Merit Medical Systems
12.12 Olympus Corporation
12.13 Teleflex Incorporated
12.14 Terumo Medical Corporation
12.15 US Endovascular

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Related Topics: Cardiovascular Devices