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Global Balloon Catheter Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Balloon Catheter Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 6.5% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4.05 Billion
Diagram Market Size (Forecast Year) USD 6.70 Billion
Diagram CAGR 6.5%

Global Balloon Catheter Market, By 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) – Industry Trends and Forecast to 2030.

Balloon Catheter Market

Balloon Catheter Market Analysis and Size

According to the World Health Organization, 17.9 million people die each year from CVDs (cardiovascular diseases), accounting for approximately 32% of all deaths worldwide. A balloon catheter, for instance, it is a delicate catheter appliance with an inflatable balloon at its tip that is inserted into a vessel or duct and then blown up to clear the blockage. The balloon catheter is primarily used to treat heart-related diseases caused by diabetes, high blood pressure, specifically coronary heart disease, and high blood cholesterol levels. The use of these catheters in the healthcare industry has been steadily increasing, and these devices have become an essential part of medical diagnostics and treatment.

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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Balloon Catheter Market Scope and Segmentation      

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

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.)

Market Opportunities

  • Increased demand for catheters in health care industry

Market Definition

A balloon catheter is a novel medical device consisting of a guidewire and a catheter inserted into the femoral artery in the leg or, in some cases, the radial artery in the arm to treat constricted blood vessels. A balloon catheter can also be used to perform a minimally invasive procedure to open blocked or narrowed coronary arteries caused by coronary artery disease (CAD).

Balloon Catheter Market Dynamics

Drivers

  • 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.

Restraints/Challenges

  • Growing healthcare expenditure

Growing healthcare expenditure is one of the major factors that will obstruct market growth and will further challenge the growth of the balloon catheter market during the forecast period.

This balloon catheter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the balloon catheter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Balloon Catheter Market

The COVID-19 pandemic has seriously disrupted people's lifestyles, and the economy's downfall has smashed them. While discussing the balloon catheter industry, the COVID-19 pandemic has disrupted patients' chronic disease management and monitoring, and many heart patients have been unable to visit the hospital. As a result of decreased demand, the market has declined. However, as soon as the lockdowns were lifted, there was a surge in global demand for balloon catheter devices for use in covid-19 treatment, where patients have comorbidities. As a result, the market was slow for a while, but it quickly recovered.

Recent Developments

  • In 2020, Boston Scientific Corporation introduced the Opticross 35 imaging catheter for peripheral imaging. With a greater IVUS depth and 360-degree clear image quality, this product adds to the  company's extensive product portfolio's depth and variety.
  • In 2021, Medtronic PLC announced a new type of catheter to its arsenal: a balloon catheter that can elute drugs at the target site. This product, known as the Prevail Drug-Coated Balloon in the European market for CAD, improves the catheter's pushability as well as its deliverability into complex anatomies. The drug on the balloon is absorbed into the target arterial tissue, attempting to reduce the likelihood of in-stent restenosis.

Global Balloon Catheter Market Scope

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

Balloon Catheter Market Regional Analysis/Insights

The balloon catheter market is analyzed and market size insights and trends are provided by country, indication, end-users, raw material, balloon type and catheter type as referenced above.

The countries covered in the balloon catheter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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.

Competitive Landscape and Balloon Catheter Market Share Analysis

The balloon catheter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to balloon catheter market.

Some of the major players operating in the balloon catheter market are:

  • 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.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The balloon catheter market value was USD 4.05 billion in 2022.
The balloon catheter market is projected to grow at a CAGR of 6.5% during the forecast period of 2023-2030.
The balloon catheter market report is segmented by Indication, End-Users, Raw Material, Balloon Type, Catheter Type
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.
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