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21 Dec, 2022, 12:40 GMT
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WILMINGTON, Del., Dec. 21, 2022 /PRNewswire/ — According to the insufflation devices industry research report, the global market advanced at a 5.5% CAGR from 2017 to 2021. The market expansion is projected to accelerate as lifestyles among populations change and obesity rates rise. Furthermore, according to the market research report, laparoscopic surgery contributes the leading revenue, and the most lucrative end-use would be hospitals, with a predicted CAGR of 7.4% during the forecast period of 2022-2032.
The global market for insufflation devices was assessed at US$ 2.3 Bn in 2021. The need for insufflation devices is growing exponentially due to advances in surgical technology and a rise in surgical operations for uterine fibroids, cardiac disorders, and obesity across the world.
Laparoscopic surgery, bariatric surgery, heart surgery, and other procedures utilize insufflation equipment. Insufflation devices assist in maintaining the patient’s pneumoperitoneum and preventing clinical problems after bariatric surgery. They aid in maintaining appropriate abdominal pressure conditions, thereby lowering the operating time and difficulties associated with CO2 pneumoperitoneum.
Consequently, the usage of insufflation devices would increase due to the added benefits of laparoscopic surgery. Insufflation devices are used to decrease post-operative complications such as brain damage and myocardial dysfunction in cardiac surgery. Increase in prevalence of heart disorders among the population is expected to raise the number of cardiac surgeries, hence driving the need for insufflation devices. Consequently, the insufflation devices market has been projected to expand at a CAGR of 6.7% by the end of 2032.
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Insufflation Devices Market: Growth Drivers
Key Findings of Insufflation Devices Market
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Insufflation Devices Market: Regional Assessment
Insufflation Devices Market: Key Players
Key participants in the global market are involved in regulatory approvals and focused on the development of technologically enhanced products. Introduction of new products, and acquisitions & partnerships with other firms are expected to accelerate the global market expansion.
Some of the participants in the global market are:
The insufflation devices market is segmented as follows:
By Application:
By End-use:
By Region:
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