Insufflation Devices Market 2021 Latest Trends, Demand, Growth, COVID-19 Impact, Opportunities & Outlook till 2028

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The global insufflation devices market size was valued at USD 2.31 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2028. The demand for insufflation devices is increasing owing to the technological advancements in surgery, the increasing number of surgical cases, and the rising prevalence of uterine fibroids, obesity, and heart disorders across the globe. The increasing incidence of obesity due to a sedentary lifestyle and an increase in the intake of energy-dense foods that are high in fat and sugar is one of the leading factors contributing to the market growth.

The use of insufflation devices helps to maintain the pneumoperitoneum during bariatric surgery and lower the risk of clinical complications. Furthermore, they help to maintain favorable abdominal pressure conditions, thereby reducing the operating time and the undesirable effects of CO2 pneumoperitoneum. Thus, healthcare professionals prefer to use insufflation devices during laparoscopic, bariatric, cardiac, and other surgeries. These factors are anticipated to propel the market growth over the forecast period. The increasing number of laparoscopic surgeries performed across the globe due to the benefits offered by them is expected to increase the use of insufflation devices.

Key Player Mentioned:

 

  • Fujifilm
  • Medtronic
  • Stryker
  • BD
  • Olympus
  • Braun Melsungen
  • Smith & Nephew
  • Karl Storz
  • Steris
  • CONMED

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Product Segment Analysis:

The increasing prevalence of obese people having a BMI of 35-39 with specific significant health problems, such as type 2 diabetes, sleep apnea, and high blood pressure, is a high-impact driver for the market as insufflation devices are utilized in bariatric surgery. For instance, according to the American Society for Metabolic and Bariatric Surgery (ASMBS), the number of bariatric surgeries increased from 158,000 in 2011 to 256,000 in 2018. Furthermore, growing awareness about bariatric surgery has increased the demand for insufflation devices as an effective therapy.

Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa

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The use of insufflation devices in cardiac surgery to reduce postoperative complications, such as cerebral injury, myocardial dysfunction, and dysrhythmias, is expected to drive the market during the forecast period. As per the estimates by the CDC, around 655,000 Americans die from heart disease every year. Cardiac surgery reduces the risk of dying of heart disease, which indirectly amplifies the demand for insufflation devices.

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  • A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
  • The report provides a holistic view of the competitive scenario of the Insufflation Devices market.
  • The latest product launches, along with technological changes and developments, are included in the report.
  • The data analysis in the report will help you understand the Insufflation Devices market dynamics projected from 2021 to 2028.
  • The Report has a vast data store, so it can accommodate your custom needs as well.

About Us:

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic  institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.


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