Global Extraction Balloon Market, By Type (Triple Lumen Balloons, Double Lumen Balloons), Material (Nylon, Silicone, Others), Filler (Liquid, Air), End User (Hospitals, Ambulatory Surgical Centers, Dialysis Clinics) – Industry Trends and Forecast to 2030.
Extraction Balloon Market Analysis and Size
A rising number of patients suffering from kidney disorders, high blood pressure and the prevalence of innovative and improved technology and products, and rising usages of advanced materials are all expected to boost the extraction balloon market's growth during the forecast period of 2023-2030. The kidney stone extraction balloon catheters are primarily used to treat ureteral strictures. They work by causing a consistent and effective dilatation of the nephrostomy tract. Furthermore, to reduce friction between the balloon surface and internal body parts, the majority of kidney stone extraction balloons are made of silicone.
Data Bridge Market Research analyses that the extraction balloon market which is USD 460 million in 2022, is expected to reach USD 790.37 million by 2030, at a CAGR of 7% 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.
Extraction Balloon Market Scope and Segmentation
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Triple Lumen Balloons, Double Lumen Balloons), Material (Nylon, Silicone, Others), Filler (Liquid, Air), End User (Hospitals, Ambulatory Surgical Centers, Dialysis Clinics) |
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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 |
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Market Players Covered |
Boston Scientific Corporation (U.S.), BD (U.S.), Coloplast Ltd. (Denmark), iVascular S.L.U. (Spain), Med pro Medical B.V. (Netherlands), Teleflex Incorporated (U.S.), OLYMPUS CORPORATION (Japan), Medi-Globe GmbH (Germany), CONMED (U.S), CK Surgitech Pty Ltd. (Australia), SURGIMEDIK (India), HOBBS MEDICAL INC. (U.S.) |
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Market Opportunities |
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Market Definition
A surgical tool known as an extraction balloon is used to widen ureteral strictures prior to the ureterostomy-assisted kidney stone extraction procedure. Kidney stone extraction balloons are used to widen a narrow path in the ureter or other associated areas. They have a balloon-like structure at the tip.
Extraction Balloon Market Dynamics
Drivers
- Surging volume of patients suffering from kidney related disorders
The extraction balloon market is expected to grow rapidly during the forecast period due to the rising prevalence of obesity, eating disorders, and high blood pressure among the expanding population. Obesity prevalence in the United States increased from 30.5% to 41.9% between 1999 and 2000 and between 2017 and March 2020, according to the Centers for Disease Control and Prevention (CDC). Throughout the forecast period, the prevalence of severe obesity increased from 4.7% to 9.2%. This boosts the market's growth.
- Growing number of geriatric population
Geriatric patients increased statistically significantly, from 14.3% of the patient population in 2004 to 17.9% in 2010. According to a forecast, approximately 30% of all patients over the age of 65 by 2030. The five most common geriatric diagnoses are all otology in nature, distinguishing geriatric patients' most common diseases from those of other age groups. This will boost the market growth.
Opportunities
- Prevalence of innovative and improved technology and products
Growing collaborations among players are expected to benefit the market in the coming years. For instance, United Medical Systems Inc., which pioneered the concept of shared mobile medical services, primarily for urology, invested in American Stone Management LLC through its parent company, New State Capital Partners LLC, during the forecast period; these factors are expected to benefit the sector.
Restraints/Challenges
- High cost of treatment
The high cost of treatment and equipment, as well as insurance companies' unfavourable reimbursement policies and a lack of skilled and professional personnel will hamper the market's growth rate.
This extraction balloon 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 extraction balloon market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2019, Dornier MedTech launched OptiVision technology for its Dornier Delta III product. It is the first image post-processing software designed specifically to improve stone treatment outcomes.
- In 2022, Boston Scientific Corporation announced the signing of a legally binding agreement with Synergy Innovation to acquire the majority of M.I Tech Co., Ltd., a publicly traded Korean manufacturer and distributor of endoscopic and urologic medical devices.
- In 2020, Teleflex Incorporated, a well-known global distributor of healthcare supplies and services, acquired Z-Medica, a pioneer in the production of hemostatic devices.
Global Extraction Balloon Market Scope
The extraction balloon market is segmented on the basis of type, material, filler and end user. 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.
Type
- Triple Lumen Balloons
- Double Lumen Balloons
Material
- Nylon
- Silicone
- Others
Filler
- Liquid
- Air
End User
- Hospitals
- Ambulatory Surgical Centers
- Dialysis Clinics
Extraction Balloon Market Regional Analysis/Insights
The extraction balloon market is analyzed and market size insights and trends are provided by country, type, material, filler and end user as referenced above.
The countries covered in the extraction balloon 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 extraction balloon market due to the growing number of patient population along with favourable reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the increasing expenditure on research and development activities by the government.
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.
Competitive Landscape and Extraction Balloon Market Share Analysis
The extraction balloon 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 extraction balloon market.
Some of the major players operating in the extraction balloon market are:
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- Coloplast Ltd. (Denmark)
- iVascular S.L.U. (Spain)
- Med pro Medical B.V. (Netherlands)
- Teleflex Incorporated (U.S.)
- OLYMPUS CORPORATION (Japan)
- Medi-Globe GmbH (Germany)
- CONMED (U.S.)
- CK Surgitech Pty Ltd. (Australia)
- SURGIMEDIK (India)
- HOBBS MEDICAL INC. (U.S.)
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