Endoscopy is a minimally invasive therapeutic procedure that is being practiced in diagnostic and therapeutic areas for pulmonology and gastroenterology conditions. Endoscopic balloon dilators are single-use medical devices and are also offered as one-time healthcare gadgets. Endoscopic balloon dilatators are generally used for dilatation of strictures found in the pylorus, esophagus, duodenum, colon, and airway tree. Before the evolution of endoscopic dilation techniques, physicians and surgeons adopted surgical interventions to dilate the stricture. Endoscopic dilation is performed by using plastic dilators, dilating catheters, and balloon dilators. With the controlled expansion of the balloon and versatility, balloon dilators offer ease of use and safety with suction, irrigation, and CT image guidance. The balloon dilation methodology is performed under endoscopic and fluoroscopic guidance of the image. The balloon is inflated with a saline, water, or other fluid materials.
The "Global Endoscopic Balloon Dilators Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the endoscopic balloon dilators market with detailed market segmentation by product type, modality type, application, end-users and geography. The report provides key statistics on the market status of the leading endoscopic balloon dilators market players and offers key trends and opportunities in the market.
Based on product type, the global endoscopic balloon dilators market is segmented into biliary balloon dilator, esophageal balloon dilator, pyloric balloon dilator, colonic balloon dilator, duodenal balloon dilator, and other.
On the basis of modality type, the market is bifurcated into single lumen, and double lumen.
Based on application, the market is segmented into pulmonology, and gastrointestinal.
Based on end-users, the market is segmented into hospitals, ambulatory surgical centers, and others.
MARKET DYNAMICS Drivers
Changing lifestyle habits, rise in the incidence rate of the geriatric population, and increasing prevalence of chronic diseases are expected to drive the endoscopic balloon dilators market.
Technological advancements in endoscopic procedures and balloon dilators such as various sizes, lengths, and the increasing demand of minimally invasive procedures will boost the market growth.
The higher prevalence of colorectal and gastrointestinal-related diseases propel the endoscopic balloon dilators market growth.
The improving medical infrastructure in developed countries favors market growth.
The short-term dilation and requirement for repetitive procedures.
Presence of alternative endoscopic procedures.
The high cost of endoscopic balloon dilators.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The endoscopic balloon dilators market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the endoscopic balloon dilators market in these regions.
IMPACT OF COVID-19 ON ENDOSCOPIC BALLOON DILATORS MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in confirmed cases and reported deaths. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Due to lockdown, different guidelines were implemented to reduce contact with health-care settings to prevent exposure of COVID-19, and all non-essential endoscopic procedures have been cancelled or postponed. With fewer patients coming to hospitals, limited endoscopic procedures being carried out, and limited doctor-patient contact, as these represent a risk for both patients and healthcare personnel in a healthcare environment, only emergency endoscopies procedures were permitted. The Covid virus transmission through these procedures makes endoscopy a potential route for infection, and all endoscopies are aerosol-generating procedures. Clinical practice of endoscopic facilities has, therefore, been significantly affected. However, due to the increasing demand for endoscopic surgical procedures, the market will have a stable growth during the forecast period.
Get more information on this report :
The report covers key developments in the endoscopic balloon dilators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from endoscopic balloon dilators market are anticipated to have lucrative growth opportunities in the future with the rising demand for endoscopic balloon dilators in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the endoscopic balloon dilators market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Olympus Medical Corporation
Merit Medical Endotek
Boston Scientific Corporation
HOBBS MEDICAL INC.
KARL STORZ SE & Co. KG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Get more information on this report :
The List of Companies
1. Olympus Medical Corporation
2. Merit Medical Endotek
3. Cook Medical
4. Boston Scientific Corporation
5. CONMED Corporation
6. HOBBS MEDICAL INC.
7. Medi-Globe GmbH
8. PanMed US.
9. KARL STORZ SE and Co. KG
10. Medline Industries