What is Global Disposable Inflation Devices Market?
The Global Disposable Inflation Devices Market is a vast and dynamic sector that has been gaining significant attention in recent years. These devices are primarily used in the medical field for inflating balloons in angioplasty procedures, stent placements, and other similar applications. The market for these devices is global, meaning it spans across all continents and countries, catering to the needs of various healthcare systems. The devices are disposable, which means they are designed for single-use, thereby eliminating the risk of cross-contamination and infection. This feature makes them highly desirable in the healthcare sector, especially in the current times when hygiene and safety are of utmost importance. The market is driven by various factors such as the increasing prevalence of cardiovascular diseases, advancements in technology, and the growing demand for minimally invasive procedures. However, it also faces certain challenges such as stringent regulatory policies and the high cost of devices. Despite these challenges, the market shows promising growth potential, thanks to the continuous research and development activities aimed at improving the efficiency and safety of these devices.
Capacity 20ml, Capacity 30ml, Capacity 60ml, Others in the Global Disposable Inflation Devices Market:
The Global Disposable Inflation Devices Market is segmented based on capacity into 20ml, 30ml, 60ml, and others. The 20ml capacity devices hold the largest market share, accounting for over 60% of the total market. These devices are widely used due to their optimal size and efficiency. The 30ml devices, on the other hand, are preferred for procedures that require a larger volume of inflation. The 60ml devices are used in more complex procedures where a higher volume of inflation is needed. The 'others' segment includes devices with varying capacities that are used based on the specific requirements of the procedure. Each of these segments has its unique features and advantages, catering to the diverse needs of the healthcare sector. The market for each segment is influenced by various factors such as the type of procedure, the patient's condition, and the healthcare provider's preference.
Hospitals, Clinics, Others in the Global Disposable Inflation Devices Market:
The Global Disposable Inflation Devices Market finds its applications in various areas such as hospitals, clinics, and others. Hospitals are the largest end-users of these devices, owing to the high volume of procedures performed in these settings. These devices are used in various departments such as cardiology, radiology, and gastroenterology, among others. Clinics, on the other hand, use these devices for outpatient procedures. The 'others' segment includes ambulatory surgical centers, diagnostic centers, and research institutions. Each of these end-users has specific needs and preferences, influencing the demand for these devices. The market for each end-user is driven by factors such as the number of procedures performed, the availability of skilled professionals, and the infrastructure available.
Global Disposable Inflation Devices Market Outlook:
The outlook for the Global Disposable Inflation Devices Market is promising. In 2023, the market was valued at US$ 504 million and is expected to reach US$ 716.9 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing prevalence of diseases that require the use of these devices, advancements in technology, and the growing preference for minimally invasive procedures. The market is dominated by the top five manufacturers who collectively hold a 50% market share. The largest product segment is the 20ml capacity devices, which hold a market share of over 60%. This data indicates a healthy growth trajectory for the market, driven by the increasing demand for these devices and the continuous efforts of manufacturers to innovate and improve their products.
| Report Metric | Details |
| Report Name | Disposable Inflation Devices Market |
| Accounted market size in 2023 | US$ 504 million |
| Forecasted market size in 2030 | US$ 716.9 million |
| CAGR | 5.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Merit Medical, Boston Scientific, Cook Medical, Medtronic, B. Braun, BD, CONMED Corporation, Teleflex, Argon Medical, Acclarent (Johnson&Johnson), TZ Medical Inc., AngioDynamics, Atrion Medical Products |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
