Endoscopic Balloon Dilator Market Projected to Augment at a Notable CAGR during the Forecast Period

From: Fact Mr
Published: Fri Sep 20 2019

Endoscopic balloon dilators are offered as one-time healthcare gadgets. The dilation of balloon methodology is performed under fluoroscopic endoscopic guidance of the image. The balloon is expanded with saline, water, or other fluid materials. Difference medium is in some cases used to screen the position of the balloon and expansion method under fluoroscopic (X-Ray) image. Advancement in technology in endoscopy balloon dilators have prompted accessibility of balloon dilators of various sizes, designs, uses, and lengths.

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Before development of endoscopic dilation systems, doctors, and surgeons used to decide on careful mediations to enlarge the stricture. Endoscopic widening is performed by utilizing devices, for example, plastic dilators, stents, expanding catheters, and balloon dilators. Plastic dilators, which is called Bougie dilators as well, are more traumatic and rigid. This may cause puncturing of the wall in the gut. Impermanent stenting of the stricture tract is likewise favored by all specialists. Be that as it may, it is a costly procedure and it requires reiteration of endoscopy to evacuate the stent if there should be an occurrence of mild stricture. With controlled development of the balloon, balloon dilators offer safety and safety.

Endoscopic balloon dilation is a therapeutic procedure which is also known as a minimal invasive procedure as it allows to avoid the traditional surgeries. Balloon dilatation catheter are generally used to for dilatation of strictures located in the pylorus, esophagus, colon, duodenum, and the airway tree. The endoscopic balloon dilator is also used for the extraction and dilatation of biliary stone. The endoscopic balloon dilation comes with the features such as optimize time by combining outstanding trackability, optimized passability, simplified scope compatibility and fluoroscopic visualization. Endoscopic balloon dilators are versatile and combined with the easy to use balloon dilation with suction, irrigation and CT image guidance. The endoscopic balloon dilators also allows opacification during the endoscopic procedure.

The advancements in the endoscopic procedures and the increasing demand for minimally invasive procedures over the conventional surgical procedures through endoscopic balloon dilation, is expected to bolster the growth of the global endoscopic balloon dilator market.

The global endoscopic balloon dilator market is segmented on the basis of product type, modality type, and end user.

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On the basis of regional presence, the global endoscopic balloon dilator market is segmented into seven key regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan and Middle East & Africa. The North America is dominating and contributed the leading shares to the global endoscopic balloon dilator market in terms of revenue and expected to register a significant growth over a forecast period due to technological advancement and developed medical infrastructure along with the reimbursement facilities. The Europe has also contributed the moderate shares and registered a healthy growth rate to the global endoscopic balloon dilator market followed by North America. The APEJ has become the lucrative market for endoscopic balloon dilator and anticipated to register significant shares over the forecast period due to the increasing adoption of Endoscopic processor and developing medical infrastructure in the region. The Latin America and MEA are at a nascent stage to the global endoscopic balloon dilator market and expected to show a moderate growth over a forecast period due to increasing medical facilities.

Some of the market players in endoscopic balloon dilator market globally include Boston Scientific Corporation, isomed, Edwards Lifesciences Corporation, Shaili Endoscopy, Hobbs Medical, Inc., Creganna, Envaste Limited, Rontis Medical, Medi-Globe GmbH, Sumitomo Bakelite Co., Ltd. and Entellus Medical, Inc.

However, Product recall and safety concerns due to the adverse events associated with the use of endoscopic balloon dilator may hamper the growth of the global endoscopic balloon dilator market. The stringent rules and regulations by the U.S. Food and Drug Administration such as (FDA) 510 (K) for endoscopic balloon dilator and the European Commission for new product launches and its marketing activities, may hinder the growth of the global endoscopic balloon dilator market. The higher price of endoscopic balloon dilator may also become a cost restraint for the global endoscopic balloon dilator market over the forecast period.

The global endoscopic balloon dilator market is expected to register a significant CAGR over a forecast period. Globally, the rise in incidence rate of geriatric population and lifestyle diseases worldwide, the increasing preference and shifting towards minimally invasive procedures i.e. endoscopy procedures by doctors and patients, which is anticipated to boost the demand for endoscopic balloon dilator and drives the global market of balloon dilator over the forecast period. The higher prevalence of colorectal and gastrointestinal related diseases are the key factors significantly responsible for the growth of the endoscopic balloon dilator and drives the global endoscopic balloon dilator market. Increasing strategic collaborations among key players and advancements in endoscopic technologies as well as the growing acceptance of endoscopy procedures due to the post-operative benefits are some other factors propel the demand of endoscopic balloon dilator and drive the market revenue growth over the forecast period.

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