Balloon Inflation Devices Market Size

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.