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Balloon Inflation Devices Market Size

Report ID: GMI6487
Published Date: Aug 2023
Report Format: PDF

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Balloon Inflation Devices Market Size

Balloon Inflation Devices Market size was valued at USD 557.8 million in 2022 and is estimated to register 5.8% CAGR from 2023 to 2032. Innovations such as improved pressure control, better visibility, and enhanced safety features can encourage healthcare providers to adopt newer devices, boosting market growth. Balloon inflation devices are specialized medical instruments utilized during minimally invasive procedures, particularly in interventional cardiology and interventional radiology.

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The rising prevalence of cardiovascular diseases is predicted to act as a significant driver for the balloon inflation devices market growth. Cardiovascular diseases remain a leading cause of morbidity and mortality worldwide. Factors such as sedentary lifestyle, unhealthy diet, and an aging population contribute to the prevalence of conditions such as coronary artery disease and peripheral artery disease. Moreover, prominent medical device firms are actively pursuing strategic initiatives such as collaborations, partnerships, and acquisitions will further contribute to market progression.

Balloon Inflation Devices Market Report Attributes
Report Attribute	Details
Base Year:	2022
Balloon Inflation Devices Market Size in 2022:	USD 557.8 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.8%
2032 Value Projection:	USD 977.1 Million
Historical Data for:	2018 to 2022
No. of Pages:	235
Tables, Charts & Figures:	343
Segments covered:	Display Type, Application, End-use and Region
Growth Drivers:	Increasing preference for minimally invasive procedures (MIS) for different applications Growing prevalence of cardiovascular diseases globally Technological advancements Increasing strategic initiative activities undertaken by key players
Pitfalls & Challenges:	Significant cost of procedures associated with cardiovascular surgeries

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Authors: Mariam Faizullabhoy , Pratiksha Kamthe

Frequently Asked Questions (FAQ) :

In 2022, the global market for balloon inflation devices was reached USD 557.8 million in 2022 and is estimated to reach USD 977.1 million by 2032, owing to increasing adoption in the treatment of cardiovascular diseases.

The advanced analog display segment garnered USD 342.1 million in 2022 and is poised to witness high demand through 2032, due to the capability of these devices to accommodate various clinical circumstances and procedural demands.

U.S. balloon inflation devices industry crossed USD 191.5 million in 2022 and is set to grow at notable CAGR from 2023 to 2032, attributed to the presence of well-established healthcare infrastructure and advanced medical facilities in the country.

Boston Scientific Corporation, Merit Medical Systems, Medtronic, Cook Medical, Atrion Medical, BD, B. Braun Medical Inc., US Endovascular, LLC, and TZ Medical, Inc. among others.