Inflation Devices Market: Overview

Inflation devices are digital devices with analogue ergonomic system. These devices are used to measure the pressure in stents and balloons during a cardiac surgery. It is also used for filling and emptying balloons. Inflation devices include pressure gauges with scale market in interval of 1 bar, ratchet lever to control the piston, and connection tube with rotatable adaptor.

Inflation Devices Market: Key Trends

Increase in geriatric population with chronic diseases such as cardiovascular diseases and urological diseases is a factor that is anticipated to drive the global inflation devices market. Additionally, rise in demand for minimally invasive procedures is likely to propel the global market. According to the World Health Organization, cardiovascular diseases are a major causes of death worldwide. Approximately 17.9 million deaths occurred across the globe due to cardiovascular diseases in 2012. According to the National Kidney Foundation, approximately 10% of the world’s population is affected by chronic kidney diseases. In October 2016, Vascular Solution Inc. received the approval from the U.S. Food and Drug Administration for fluent inflation devices which are used during cardiac procedures. Product approvals enabled the company strengthen its position in the market. However, alternatives of inflation devices and high cost of cardiac producers are likely to restrain the market.

Inflation Devices Market: Segmentation

The global inflation devices market can be segmented in terms of display type, capacity, application, end-user, and region. Based on display type, the market can be bifurcated into digital inflation devices and analogue inflation devices. In terms of capacity, the inflation devices market can be segregated into, 20ml, 30ml, and 60ml inflation devices. Based on application, the market can be categorized into urological procedure, interventional cardiology & radiology, peripheral vascular procedures, and gastroenterological procedures. The interventional cardiology & radiology segment is projected to expand due to the increase in prevalence of cardiovascular diseases. In terms of end-user, the inflation devices market can be divided into clinics, hospital, and ambulatory surgical centers.

Inflation Devices Market: Regional Analysis

The global inflation devices market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market due to  factors such as increase in prevalence of chronic diseases due to lifestyle and dietary habits and presence of key market players. According to the American Heart Association, there were nearly 92.1 million people in the U.S living with cardiovascular diseases in 2018. According to the American College of Cardiology Foundation, cardiovascular disease is a leading cause of death in the U.S. and around 6.2 million people suffered heart failure between 2013 and 2016. Expansion of the market in Europe is anticipated to expand due to the increase in prevalence of cardiovascular and urological diseases. According to the European Heart Network AISBL, around 3.9 million deaths occur due to cardiovascular diseases in every year in Europe. The market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Approximately 1% to 2% of people suffer from kidney stones each year in Germany. According to the British Association of Urological Surgeons, from January 2014 to December 2014, 2,042 procedures were estimated to be conducted in the U.K. Expansion of the market in the region is attributed due to rise in geriatric population with cardiovascular diseases.

Inflation Devices Market: Competitive Landscape

The global inflation devices market is highly fragmented due to the presence of a large number of market players. A large number of manufacturers constitute major share of the market in their respective regions. Prominent players operating in global inflation devices market include Merit Medical Systems, Teleflex Incorporated, BD, Argon Medical Devices, Inc., Acclarent, Inc., Terumo Medical Corporation, Boston Scientific Corporation, B. Braun Interventional Systems Inc., and  CONMED Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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