Global Balloon Catheter Market, By Indication (Coronary Artery Disease, Peripheral Vascular Disease), End-Users (Public Hospitals & Private Hospitals, Ambulatory Surgical Centres, Cardiac Catheterisation Laboratories), 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), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The balloon catheter market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 4.85% in the above-mentioned forecast period. Increasing prevalence of cardiovascular diseases drives the balloon catheter market.
A balloon catheter is defined as an innovative medical device which comprises guidewire and catheter, which is inserted into the femoral artery in the leg or sometimes into the radial artery in the arm to treat constricted blood vessels. Balloon catheter also includes minimally-invasive procedure for opening blocked or narrowed coronary arteries caused by coronary arteries disease (CAD)
Increase in surgical procedures is the vital factor escalating the market growth, also rising geriatric population, rising number of minimally invasive surgeries, increasing hospitalization with an increase in cardiovascular disorders, rising demand for angioplasty over conventional surgeries due to its minimally invasive nature and better outcome and increase in the number of catheterization laboratories are the major factors among others driving the balloon catheter market. Moreover, rising technological advancements and modernization in the healthcare devices, rising research and development activities in the healthcare sector and rising emerging markets will further create new opportunities for balloon catheter market in the forecasted period of 2021-2028.
However, growing healthcare expenditure is the major factors among others which will obstruct the market growth, and will further challenge the growth of balloon catheter market in the forecast period mentioned above.
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 localised 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.
Balloon Catheter Market Scope and Market Size
The balloon catheter market is segmented on the basis of indication, end-users, balloon type and catheter type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of indication, the balloon catheter market is segmented into coronary artery disease and peripheral vascular disease.
- Based on end-users, the balloon catheter market is segmented into public hospitals & private hospitals, ambulatory surgical centres and cardiac catheterisation laboratories.
- Based on balloon type, the balloon catheter market is segmented into high-pressure balloons and elastomeric balloons.
- The balloon catheter market is also segmented on the basis of catheter type into over-the-wire (OTW) balloon catheters, rapid exchange (RX) balloon catheters and fixed-wire (FW) balloon catheters.
Balloon Catheter Market Country Level Analysis
The balloon catheter market is analysed and market size insights and trends are provided by country, indication, end-users, 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.
Asia-Pacific dominates the balloon catheter market due to rising number of minimally invasive surgeries, increasing hospitalization with an increase in cardiovascular disorders, increasing consumer awareness about emerging healthcare developments, increasing disposable income, and the rising presence of untapped opportunities for market players in this region.
The country section of the balloon catheter market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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’s, 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 2010 to 2019.
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.
The major players covered in the balloon catheter market report are Boston Scientific Corporation or its affiliates., B. Braun Melsungen AG, Medtronic, Cardinal Health, Terumo Corporation, Cook, MicroPort Scientific Corporation, Jotech GmbH, Tokai Medical Products Inc., QXMedical, Meril Life Sciences Pvt.Ltd., Hexacath, Abbott, Biosensors International Group Ltd, Cardionovum GmbH and BiotronikInc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Balloon Catheter Market
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 customised 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 analysed 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.