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| Global Inflation Devices Market Size |
The global Inflation Devices Market is estimated to be valued at US$ 4.64 Bn in 2023 and is expected to
exhibit a CAGR of 8.0% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market Overview:
Inflation devices are medical devices used to fill or expand anatomical
structures at a controlled rate. They help in procedures like angioplasty,
colonoscopy, dilation and curettage. Advantages include minimal invasion and
quick recovery.
Market key trends:
One of the key trends in the inflation devices market is the shift towards
single-use devices. These devices are presterilized and disposable that help
avoid infections associated with reusable devices. Their use has increased in
ambulatory surgical centers as they eliminate reprocessing steps. This has
boosted the e-commerce segment as such devices are conveniently purchased
online.
Segment Analysis
The global inflation devices market is segmented into intragastric balloons,
stomach space occupying devices, gastric electrical stimulation devices,
gastric emptying devices and others. Among these, intragastric balloons hold
the largest share due to their minimally invasive nature and reversible
procedure. Intragastric balloons help in reducing the appetite and inhibiting
stomach stretch signals by occupying space in the stomach.
Key Takeaways
The global Inflation Devices Market is expected to witness high growth,
exhibiting CAGR of 8.0% over the
forecast period, due to increasing obesity prevalence worldwide.
Market size:
The Global
Inflation Devices Market Size is expected to reach US$ 4.64 Bn by 2023.
Regional analysis:
North America accounts for the largest share in the global inflation devices
market due to growing obesity issues and high adoption of technologically
advanced medical devices in the region.
Key players:
Key players operating in the inflation devices market are Medtronic, Boston
Scientific, Abbott Laboratories , Teleflex, ConvaTec, Smiths Group, Cook
Medical, B. Braun Melsungen, Cardinal Health, and Stryker.
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