The global Balloon Catheter Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Balloon Catheter market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the balloon catheter market which was USD 4.05 billion in 2022, is expected to reach USD 6.70 billion by 2030, at a CAGR of 6.5% during the forecast period 2023 to 2030.
Top Companies in the Global Balloon Catheter Market:
BIOTRONIK SE Co. KG (Germany), MicroPort Scientific Corporation (China), Jotech GmbH (Germany), Johnson Johnson Private Limited (U.S.), Vascular Solutions, Inc. (U.S.), Abbott (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Cook (U.S.), Johnson Johnson Private Limited (U.S.), Smith+Nephew (Germany), Cardinal Health (U.S.), Terumo Corporation (Japan), Conavi Medical (U.S.), Edwards Lifesciences Corporation (U.S.), Infraredx, Inc. (U.S.), Getinge AB (Sweden), Coloplast Corp (Denmark), McKesson Medical-Surgical (U.S.), among others.
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Market Segmentation:
The balloon catheter market is segmented on the basis of indication, end-users, raw material, balloon type and catheter type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Indication
- Coronary Artery Disease
- Peripheral Vascular Disease
End-Users
- Public Hospitals and Private Hospitals
- Ambulatory Surgical Centres
- Cardiac Catheterisation Laboratories
Raw Material
- Nylon
- Polyurethane
- Others
Balloon Type
- High-Pressure Balloons
- Elastomeric Balloons
Catheter Type
- Over-The-Wire (OTW) Balloon Catheters
- Rapid Exchange (RX) Balloon Catheters
- Fixed-Wire (FW) Balloon Catheters
- Normal balloon catheter
- Drug eluting balloon catheter
- Cutting balloon catheter
- Scoring balloon catheter
- Stent graft balloon catheter
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the balloon catheter market due to the availability of advanced healthcare facilities, increased infrastructure and healthcare expenditure and increased patient awareness are the primary factors fuelling the region's balloon catheter market development.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to ongoing improvements in health care infrastructure and the growth of medical tourism across several developing economies, the market in the region is developing.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The balloon catheter market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for balloon catheter market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the balloon catheter market. The data is available for historic period 2011-2021.
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Market Dynamics
- Increasing rate of cardiovascular diseases
The market is expected to expand due to an increase in cardiovascular disease cases worldwide. Cardiovascular diseases are the leading cause of death worldwide. According to the World Health Organization, 17.9 million people died in 2019 as a result of cardiovascular diseases. Stroke and heart attack were responsible for approximately 85% of these deaths. Globally, an estimated 1.13 billion people suffer from hypertension, which has become a major cause of brain, heart, kidney, and other related problems. Balloon catheters are used to treat a variety of cardiovascular issues. Cardiac catheterization is an imaging procedure that allows a doctor or surgeon to assess the function of a patient's heart. These trends are expected to have a significant impact on overall market growth.
- Increasing geriatric population
Globally, the market is expected to expand as the geriatric population grows. In 2019, there were approximately 703 million people aged 65 and older, according to a United Nations report. The global population of older people is expected to double to approximately 1.5 million by 2050, according to a UN report. The financial strain on old-age support systems will be significant as the population ages. The dynamics of local perfusion and brain blood flow during ageing are expected to be defined by a number of factors, including automatic dysregulation, arterial stiffness, the blood-brain barrier, and neurovascular uncoupling. Long-term, innovative, and advanced catheters have been widely used in older adults to improve overall quality of life and catheter management. Balloon catheter are widely expected to be used in the elderly population, which will benefit the market.
Opportunities
- Increased demand for catheters in health care industry
The increased prevalence of various chronic heart diseases caused by diabetes or high cholesterol has increased the demand for catheters in the health care industry. According to the World Health Organization, cardiovascular diseases killed nearly 17.7 million people in 2015, with coronary heart disease accounting for 7.4 million of those deaths. Because of a high prevalence rate and a lack of health care services in rural areas, the majority of deaths occurred in developing countries. According to the UNFPA (United Nations Population Fund), approximately 12.8% of the global population is over 60 years old, with this figure expected to rise to 22% by the end of 2050. Thus, an increase in the geriatric population and the demand for minimally invasive procedures are driving the growth of the balloon catheter market in both developing and developed economies.
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