Overview and Scope
Angioplasty balloons refer to medical devices used to open narrowed or blocked blood vessels in the body. These balloons are commonly employed in the treatment of conditions such as coronary artery disease and peripheral artery disease. It works by inflating within the artery to compress the plaque against the vessel wall, restoring blood flow.
Sizing and Forecast
The angioplasty balloons market size has grown steadily in recent years. It will grow from $2.6 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to increasing clinical trials, decreasing regulatory hurdles, rising physician training programs, growing reimbursement coverage, and expanding patient awareness and education.
The angioplasty balloon market size is expected to see steady growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to aging population, rising prevalence of cardiovascular diseases, expanding healthcare infrastructure in emerging markets, increasing adoption of minimally invasive procedures, and growing demand for interventional cardiology. Major trends in the forecast period include personalized treatment approaches, integration of advanced imaging technologies, shift towards outpatient procedures, expansion of telemedicine for post-operative care, and emphasis on cost-effective healthcare solutions.
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Segmentation & Regional Insights
The angioplasty balloons market covered in this report is segmented –
1) By Product Type: Normal Balloons, Scoring Balloons, Drug-Eluting Balloons, Cutting Balloons
2) By Material: Non-Compliant, Semi-Compliant
3) By Application: Coronary Angioplasty, Peripheral Angioplasty
4) By End User: Hospitals, Specialty Clinics, Catheterization Laboratories, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the angioplasty balloons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the angioplasty balloons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing incidence of cardiovascular diseases is expected to propel the angioplasty balloons market going forward. Cardiovascular disease refers to a group of conditions affecting the heart and blood vessels, often leading to complications such as heart attacks or strokes. Cardiovascular disease is on the rise due to sedentary lifestyles, unhealthy dietary habits, rising obesity rates, and aging populations. The angioplasty balloons are utilized in cardiovascular disease to widen narrowed or blocked blood vessels, restoring proper blood flow and reducing the risk of complications such as heart attacks or strokes. For instance, in May 2023, according to the Centers for Disease Control And Prevention, a US-based governmental organization, the percentage of coronary heart disease in adults aged 18 and over in 2020 was 4.6%, which slightly increased to 4.9% in 2021. Therefore, the increasing incidence of cardiovascular diseases drives the growth of the angioplasty balloons market.
Key Industry Players
Major companies operating in the angioplasty balloons market are Johnson & Johnsona, Abbott Laboratories, Medtronic Plc, Becton Dickinson, Koninklijke Philips N.V, Boston Scientific Corporation, B. Braun SE, Terumo Corporation, Cook Medical, Biotronik SE, Merit Medical Systems Inc , Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, AngioDynamics, Cordis, SurModics, iVascular, Hexacath, Balton Sp, Cardionovum, QualiMed Innovative Medizinprodukte GmbH, Acrostak, Panmed US Inc., Translumina GmbH, Concept Medical Inc
The angioplasty balloons market report table of contents includes:
1. Executive Summary
2. Angioplasty Balloons Market Characteristics
3. Angioplasty Balloons Market Trends And Strategies
4. Angioplasty Balloons Market – Macro Economic Scenario
5. Global Angioplasty Balloons Market Size and Growth
…..
32. Global Angioplasty Balloons Market Competitive Benchmarking
33. Global Angioplasty Balloons Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Angioplasty Balloons Market
35. Angioplasty Balloons Market Future Outlook and Potential Analysis
36. Appendix
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