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Global Insufflation Devices Market: Overview

Due to technical improvements in surgery, an increase in the number of surgical cases, and a rise in the incidence of cardiac problems and uterine fibroids, the need for insufflation devices is rising. One of the major reasons driving growth of the global Insufflation Devices market is the rising prevalence of obesity as a result of a sedentary lifestyle and an increased consumption of energy-dense meals high in fat and sugar.

Employing insufflation devices during bariatric surgery assists in maintaining the pneumoperitoneum and reduces the risk of clinical problems. Additionally, they aid in the maintenance of good abdominal pressure circumstances, minimizing operating time and the negative consequences of CO2 pneumoperitoneum. As a result, insufflation devices are preferred by healthcare professionals during cardiac, bariatric, laparoscopic, and other operations. These factors are expected to drive expansion of the global Insufflation Devices market in the years to come.

This study from Transparency Market Research (TMR) provides a complete insight of the global insufflation devices market. It provides well-researched data on a variety of market aspects in order to provide useful business input for profit generation.

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Global Insufflation Devices Market: Notable Developments

The noted players that are operational in the global insufflation devices market are B. Braun Melsungen, Smith & Nephew plc, Olympus Corporation, Karl Storz SE & Co. KG, Richard Wolf GmbH, and Becton, Dickinson and Company.

Global Insufflation Devices Market: Key Trends

Below-mentioned market trends and opportunities mark the global insufflation devices market:

Rise in Laparoscopic Surgeries to Accentuate Demand for Insufflation Devices

The adoption of insufflation devices is projected to rise as the number of laparoscopic operations conducted throughout the world increases due to the benefits they provide. As per a research released in 2017 by AHA journals, more than 2 million laparoscopic surgical operations are performed in the US each year. In comparison to conventional procedures, laparoscopic surgery has a low overall fatality rate, ranging from 0.3 % to 1.8 %. Laparoscopic surgery is commonly used in high-risk patients, such as the obese individuals, elderly, and those with preexisting illnesses such as pulmonary disorders and cardiovascular conditions. As per the CDC, approximately 600,000 hysterectomies are conducted in the US each year, and nearly 20 million American women have undergone a hysterectomy. This factor is likely likely to drive demand in the global Insufflation Devices Market in the years to come.

As insufflation devices are used in bariatric surgery, the rising incidence of obese persons with a BMI of 35-39 who have particular severe health issues, such as high blood pressure, sleep apnea, and type 2 diabetes is a high-impact driver for the market. The number of bariatric operations performed rose from 158,000 in 2011 to 256,000 in 2018, as per ASMBS (American Society for Metabolic and Bariatric Surgery). In addition to that, as the public becomes more aware about the benefits of bariatric surgery, the demand for insufflation devices as a treatment option has grown.

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Global Insufflation Devices Market: Geographical Analysis

North America led the global insufflation devices market in 2020, with a sizeable chunk of the market, and is anticipated to expand significantly over the forecast period. The rise in the incidence of laparoscopic operations, such as cholecystectomy and hysterectomy, and the desire for less invasive treatments are both contributing to the growth of this regional market. Technological improvements are also helping to drive the market in North America forward. As a result, the market is projected to be dominated by North America throughout the forecast period.

The Asia Pacific market is expected to develop at the rapid pace during the forecast period, from 2021 to 2031. Insufflation devices are projected to see substantial growth in this area due to rising obesity and heart disease rates, as well as unmet need for effective and long-term treatment alternatives. Furthermore, due to their low-cost structure, international market players are increasingly preferring clinical trials and significant R&D expenditures, which are high-impact contributing drivers for the market in the Asia Pacific region.

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.

2. Insights and Tools

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.

3. Actionable Results

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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Insufflation Devices Market