The Balloon Valvuloplasty Device Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Balloon Valvuloplasty Device Global Market Report 2024, The balloon valvuloplasty device market size is expected to see strong growth in the next few years. It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to the increasing prevalence of heart valve diseases among elderly populations worldwide, increasing adoption of less invasive treatments for heart valve conditions, accelerated approvals and clearances for new balloon valvuloplasty devices, and focus on cost-effective healthcare solutions. Major trends in the forecast period include enhanced imaging modalities aiding in precise diagnosis, personalized medicine approaches, increasing research and development investments, growth of regenerative techniques in cardiovascular disease management, and integration of digital health technologies.
The rising inclination towards minimally invasive procedures is expected to propel the growth of the balloon valvuloplasty device market going forward. Minimally invasive procedures refer to medical techniques performed through small incisions or natural body openings, reducing trauma and promoting faster recovery compared to traditional surgeries. The demand for minimally invasive procedures is on the rise due to their reduced recovery times, lower risk of complications, and lower post-operative pain compared to traditional surgeries. Balloon valvuloplasty devices are used in minimally invasive surgical procedures to widen narrowed heart valves, improve blood flow, and reduce symptoms. For instance, in January 2024, Intuitive Surgical Inc., a US-based manufacturer of robotic products, reported that they had placed 415 da Vinci surgical systems (robotic surgical systems that use a minimally invasive surgical approach) in the fourth quarter of 2023, representing a 12% increase compared to 2022. Therefore, the rising inclination towards minimally invasive procedures is driving the growth of the balloon valvuloplasty device market.
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The balloon valvuloplasty device market covered in this report is segmented –
1) By Product Type: Standard Balloon, Cutting Balloon, Scoring Balloon, High-Pressure Balloon, Low-Pressure Balloon
2) By Age Group: Pediatric, Adult
3) By End-use: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Other End Uses
Major companies operating in the balloon valvuloplasty device market are focusing on developing advanced products, such as Pacing Guidewires, to gain a competitive edge in the market. A pacing guidewire is a specialized wire used to provide temporary cardiac pacing during the procedure, ensuring the heart maintains a stable rhythm while the balloon catheter is inserted and inflated to dilate the narrowed valve. For instance, in June 2023, Teleflex Incorporated, a US-based medical device company, received clearance from the Food and Drug Administration (FDA) for the Wattson Temporary Pacing Guidewire. This new device is designed specifically for use during transcatheter aortic valve replacement (TAVR) and balloon aortic valvuloplasty (BAV) procedures. The Wattson Temporary Pacing Guidewire offers dual functionality, supporting both valve delivery and ventricular bipolar pacing during these structural heart procedures. Its flexible distal pigtail shape, multiple electrodes, and bipolar design are engineered to help reduce the risk of ventricular perforation while providing reliable electrical capture during rapid pacing.
The balloon valvuloplasty device market report table of contents includes:
1. Executive Summary
2. Balloon Valvuloplasty Device Market Characteristics
3. Balloon Valvuloplasty Device Market Trends And Strategies
4. Balloon Valvuloplasty Device Market – Macro Economic Scenario
5. Global Balloon Valvuloplasty Device Market Size and Growth
…………………………………
32. Global Balloon Valvuloplasty Device Market Competitive Benchmarking
33. Global Balloon Valvuloplasty Device Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Balloon Valvuloplasty Device Market
35. Balloon Valvuloplasty Device Market Future Outlook and Potential Analysis
36. Appendix
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