Get a free sample of Balloon Inflation Devices Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Balloon Inflation Devices Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
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.
Why is the demand for advanced analog balloon inflation devices gaining traction?
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.
How much is the balloon inflation devices market worth?
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.
How big is the U.S. balloon inflation devices market?
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.
Who are the major players operating in the balloon inflation devices business?
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.