According to the latest research by Persistence Market Research, the Endoscopic balloon dilators market is set to witness a growth of 7.5% during the forecast period. Demand for endoscopic balloon dilators market expects to witness stable recovery in the short-term, with a positive growth outlook in the long run. The progress for the endoscopic balloon dilators market industry will offer lucrative opportunities in near future.
Additionally, various technological advancements in the endoscopic procedures and the growing demand for minimally invasive procedures over the conventional surgical procedures by using the balloon dilation techniques is expected to drive the endoscopic balloon dilators market demand in the forecast period.
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In the year 2017, in USA, there were approximately 86% minimally invasive surgical procedures of the total robotic surgeries performed. Growing prevalence of chronic disorders is also propelling the rise in demand for endoscopic balloon dilators. Growing acceptance of minimally invasive procedures by using endoscopic balloon dilators in the ambulatory surgical centers is also a factor which is anticipated to help the market growth.
In a study conducted at the Barrett’s Esophagus unit at Mayor Clinic in Rochester, it was observed that a long term control was achieved in treating complex strictures within a single intervention of drug coated balloon dilator.
Noticeable improvements were observed in patient’s esophageal diameters and no adverse events were associated with the procedure or even after the procedure. This treatment development can also be used for treating various complications of endoscopic mucosal resection (EMR).
In April 2019, approximately 75 million endoscopic examinations were performed in the United States, of which approximately 51.5 million (68%) were used for gastrointestinal endoscopy. This factor is expected to drive market growth in the near future.
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Growing awareness regarding various developments in the healthcare technology has led to a rising acceptance of minimally invasive procedures like balloon sinuplasty for the treatment of chronic rhinosinusitis and many others.
Who are the Key Players in the Demand Focus of Endoscopic Balloon Dilators?
The Endoscopic Balloon dilators market has many dominant manufacturers like,
- Medi-Globe GmbH
- PanMed US
- Hobbs-Medical Inc
- Olympus Medical Corporation
- Boston Scientific Corporation
- Merit Medical Endotek
- ConMed Corporation
- Cook Medical
- Rockwell medical
- Fresenius Medical Care AG
- Asahi Kasei Medical Co. Ltd
- B. Braun Melsungen AG
- Envaste Medical Instruments
- Stening SRL
- MicroPort Scientific
- Acotec Scientific
- Endo flex GmbH
- Novatech SA.
Boston Scientific, in August 2017, has launched the CRE balloon lung dilatation catheter, which is designed to expand the stenosis of the airway tree constructed with melamine technology through the endoscope, and provide gradual and continuous stenosis expansion.
In December 2020, MicroTech Endoscopy USA launched a new expansion product, such as the Gastrointestinal Dilation category. This category includes ABC balloons, with 6 diameter sizes to choose from, and all balloons are 5.5 cm long. The balloon has a useful length of 230 cm and can be used to dilate the esophagus, pylorus or colon.
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Key Segments:
By Product Type:
- Biliary Balloon Dilator
- Esophageal balloon dilator
- Colonic balloon dilator
- Pyloric balloon dilator
- Duodenal balloon dilator
By Modality Type:
- Single lumen
- Double lumen
By End-User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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