Angioplasty Balloons Market Overviews
Angioplasty Balloons Market size was valued at USD 2.72 Bn. in 2023 and the Angioplasty Balloons revenue is expected to grow at a CAGR of 3.7% from 2024 to 2030, reaching nearly USD 3.51 Bn. by 2030.
Angioplasty balloons are medical devices used during surgical procedures to dilate and clear blocked blood vessels. Common designs of angioplasty balloons include drug-eluting, standard, scoring, and cutting types. The angioplasty balloon market is anticipated to grow, as these devices are often more effective than traditional angioplasty methods. Additionally, the rising prevalence of cardiovascular diseases is driving the demand for targeted and highly effective treatment options.
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Angioplasty Balloons Market Scope and Methodology:
The rising prevalence of cardiovascular diseases (CVDs), including peripheral artery disease and coronary artery disease, is driving the demand for angioplasty treatments. This trend is significantly boosting the market for angioplasty balloons. Technological advancements in angioplasty balloon design, such as the development of cutting and drug-eluting balloons, enhance treatment effectiveness and expand the angioplasty balloons market. As the global population ages and age-related cardiovascular issues become more prevalent, the need for angioplasty procedures and associated devices continues to grow.
Angioplasty Balloons Market Regional Insights
North America held the highest market share in the Angioplasty Balloons Market. The market is primarily driven by the existence of major competitors, increasing healthcare spending, and an increase in percutaneous coronary interventions. The area is also a hub for new product inventions and technological advancements related to catheters and angioplasty balloons, which supports the growth of the angioplasty balloon industry. Cardiovascular disorders, such as peripheral artery disease (PAD) and coronary artery disease (CAD), are comparatively common in North America. This incidence is influenced by a number of factors, including aging populations, sedentary lifestyles, and poor dietary practices.
Angioplasty BalloonsMarket Segmentation
Angioplasty balloons are classified into several categories, including normal balloons, scoring balloons, drug-eluting balloons, and cutting balloons. Currently, the normal balloon segment holds the largest revenue share in the angioplasty balloons market and is expected to maintain its dominance throughout the forecast period. The widespread use of normal balloons in angioplasty is attributed to their high burst pressure, which allows them to withstand significant inflation before rupturing, as well as their cost-effectiveness. The growth of the angioplasty balloons market is driven by benefits such as enhanced lesion targeting, reduced risks, and improved patency rates, all of which contribute to the segment’s expansion.
Angioplasty Balloons Market Key Players
Johnson & Johnson Services, Inc.
Abbott
Terumo
B. Braun
Cook Medical
Angiodynamics
Merit Medical Systems
Boston Scientific Corporation
Koninklijke Philips N.V.
Becton, Dickinson and Company
BIOTRONIK
B. Braun SE
ENDOCOR GmbH & CO
CTK Biotech, Inc.
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Key questions answered in the Angioplasty Balloons Market are:
- What is Angioplasty Balloons ?
- What was the Angioplasty Balloons market size in 2023?
- What is the growth rate of the Angioplasty Balloons Market?
- Which are the factors expected to drive the Angioplasty Balloons market growth?
- What are the different segments of the Angioplasty Balloons Market?
- What growth strategies are the players considering to increase their presence in Angioplasty Balloons ?
- What are the upcoming industry applications and trends for the Angioplasty Balloons Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Angioplasty Balloons Market?
- Who are the leading companies and what are their portfolios in Angioplasty Balloons Market?
- What segments are covered in the Angioplasty Balloons Market?
- Who are the key players in the Angioplasty Balloons market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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