The increasing prevalence of cardiovascular diseases is expected to drive the Global Advanced Balloon Catheter Market in the forecast period, 2024-2028.
According to TechSci Research report, “Advanced Balloon Catheter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Advanced Balloon Catheter Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the rising prevalence of chronic disorders like cardiovascular diseases and the enhancement of novel technologies, and therapies for the treatment of cardiac diseases across the globe. Similarly, increasing the geriatric population along with growing interest in research and advancement regarding ordinary inflatable catheters is expected to create lucrative growth during the forecast period. Additionally, growing demand for angioplasty over conventional surgeries because of its minimally invasive procedure with a better outcome, increasing the number of catheterization laboratories will further propel the market growth during the forecast period. However, growing technological advancements and modernization in healthcare infrastructure along with rising emerging markets will further create significant growth in the advanced balloon catheter market over the years.
However, the risk of infection and artery collapse associated with balloon catheterization and increasing side effects associated with treatments may hamper the global advanced balloon catheter market in the forecast period. Similarly, ineffective, and less prompt treatments and a lack of efficacy related to treatment can restrict the growth of the global advanced balloon catheter market in the forecast period.
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The Global Advanced Balloon Catheter market is segmented by raw material, application, end users, and region. Based on Raw Material, The Global Advanced Balloon Catheter Market can be segmented into Nylon, PET, Polyurethane, and Others. The Nylon segment is expected to dominate the market in 2022 and maintain its dominance throughout the forecast period. The increasing demand for softer material that can be easily refolded and is easier to withdraw into the guiding catheter or introducer sheath. Based on application, the global advanced balloon catheter market can be segmented into Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, and Other Procedures. The coronary procedures segment is expected to dominate the market in 2022 and maintain its dominance throughout the forecast period. This can be ascribed due to the increasing preference for drug-eluting balloons for coronary interventions has been observed among physicians as these devices have the potential to eradicate the risk of stent failure.
Based on the End User, The Global Advanced Balloon Catheter Market can be segmented into Hospitals and Ambulatory Surgical Centers, Catheterization Laboratories, and Others. The surgery segment is expected to dominate the market in 2022 and maintain its dominance throughout the forecast period. This can be ascribed to the growing patient pool and rising demand for efficient and effective surgery with shorter recovery time and reduced hospital stay along with the availability of advanced technologies and demand for minimally invasive surgical procedures.
Major companies operating in the global advanced balloon catheter market are:
- Abbott Laboratories.
- Boston Scientific Corporation.
- Medtronic plc
- Terumo Corporation
- MicroPort
- Scientific Corporation
- B. Braun Melsungen AG
- Meril Life Sciences Pvt. Ltd.
- Hexacath
- Tokai Medical Products Inc.
- BrosMed developed Tiche™ according to the clinical needs for a low-profile, superior high pressure balloon catheter in full range of sizes. The patented microcrystalline grid balloon technology is facilitated to provide high-pressure, non-compliant dilatation which concentrates force on the lesion and reduces the risk of overexpanding the vessel in a low-profile balloon.
- Medtronic has announced the launch of Arctic Front™ Cardiac Cryoablation Catheter System, the first and only cryoballoon catheter approved by CDSCO for treatment of atrial fibrillation (AF) in India. Dr Balbir Singh, chairman of Cardiology, Pan Max Hospital Saket, Delhi, successfully performed the first procedure in India using the Arctic Front Cardiac Cryoablation Catheter System
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“North America is expected to register the highest growth in The Global Advanced Balloon Catheter Market on account due to the increasing development of healthcare infrastructure along with a focus on the development of new devices with improved diagnosis among the patients across the region. Similarly, the growing geriatric population and increased healthcare expenditure along with the growing prevalence of cardiovascular diseases, and urological disorders such as bladder cancers, and benign prostatic hyperplasia along with the rapid adoption of new technology can further propel the market growth during the forecast period. Additionally, the growing demand for minimally invasive surgeries like minimally invasive coronary bypass and minimally invasive cardiothoracic surgery is expected to drive the demand for the tendonitis treatment market in the forecast period. Similarly, the growing industry of medical tourism is expected to propel the market growth till 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Advanced Balloon Catheter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Raw Material Type (Nylon, PET, Polyurethane, Others), By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures), End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others), and By Region”, has evaluated the future growth potential of the global advanced balloon catheter market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global advanced balloon catheter market.
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