The pulmonary dilation balloon is a technique that is used for the treatment of pulmonary valve stenosis treatment. A person suffering from pulmonary valve stenosis has an abnormality or some deformity in or on the vicinity of the pulmonary valve, and this abnormality slows down the blood flow. The functionality of the pulmonary valve is to aids the blood flow from the heart to the lungs. In most of the cases, the stenosis is developed before birth. However, in adults, pulmonary valve stenosis is present as a complication of some other illness. It is used for the endoscopic dilation of the strictures of the airway tree. A pulmonary dilation balloon is designed exclusively and offers gradual, successive dilation of strictures. Pulmonary valve stenosis can also be treated by other methods, but pulmonary dilation balloon has emerged as the most used method over the past few years..
MARKET SCOPE
The "Global Pulmonary Dilation Balloon 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 pulmonary dilation balloon market with detailed market segmentation by product type, material type, end-users and geography. The report provides key statistics on the market status of the leading pulmonary dilation balloon market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product type, the global pulmonary dilation balloon market is segmented into 2 cm, 3 cm, and 5.5 cm.
-On the basis of material type, the market is bifurcated into single-use pulmonary balloon dilator, and others.
-On the basis of end-users, the market is bifurcated into ambulatory surgical centers, hospitals, and clinics.
MARKET DYNAMICS
Drivers
-Increase in the number of congenital heart diseases and the early diagnosis of the diseases due to the availability of better medical facilities are expected to drive the growth of the global pulmonary dilation balloon market.
-The minimally invasive pulmonary balloon procedure is favoring its adoption over the conventional surgical methods fuels the market growth.
-The success rate of the pulmonary dilation balloon procedure is more propel the market's growth during the forecast period.
-The growing requirements for quality inspection and surge in demand favor the development of the market.
-Technological advancements in pulmonary dilation balloon boost the pulmonary dilation balloon market growth.
Restraints
-Growing demands from the surgical procedure.
-In some patients, complications regarding pulmonary valve stenosis.
REGIONAL FRAMEWORK
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 pulmonary dilation balloon 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 pulmonary dilation balloon market in these regions.
IMPACT OF COVID-19 ON PULMONARY DILATION BALLOON 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 terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and impacted the overall global market. As the COVID-19 pandemic grows, implementation of various guidelines and imposed restrictions have impacted footfalls to hospitals and treatment centers, and sustained focus on breaking the chain of infection and transmission of the virus to prevent the spread of COVID-19 disease and all non-essential surgical procedures have been cancelled or postponed. With fewer patients coming to hospitals, limited surgical procedures being carried out, and little doctor-patient contact, leads to risk for both patients and healthcare personnel in a healthcare environment. As treatment regarding cardiac disorders may evolve rapidly. But due to a surge in infection, only emergency procedures were permitted. Therefore, procedures have been significantly affected. However, due to the increasing patient demand for pulmonary dilation balloon procedures, the market will grow substantially during the forecast period.
MARKET PLAYERS
The report covers key developments in the pulmonary dilation balloon 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 pulmonary dilation balloon market are anticipated to have lucrative growth opportunities in the future with the rising demand for pulmonary dilation balloon in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pulmonary dilation balloon 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.
-Envaste Medical Instruments
-Boston Scientific Corporation
-Creganna Medical
-Merit Medical Endotek
-J&J Medical Devices
-B. Braun Interventional Systems Inc
-Conmed
-Lepu Medical
-Duke Empirical
-Medorah
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.