Balloon Catheter Market By Type – Industry Trends and Forecast to 2026 With Key Player MicroPort Scientific Corporation, Jotech GmbH, Tokai Medical Products Inc., QXMedical ,Meril Life Sciences Pvt.Ltd., Hexacath, Abbott
Balloon Catheter Market accounted to USD 10.789 billion in 2020 to an estimated value of USD 15.82 billion in 2026, growing at a CAGR of 4.9% during the forecast period of 2021 to 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2020 and the forecast period is 2021 to 2026.
Market Definition: Global Balloon Catheter Market
Balloon Catheter is an innovative medical device that comprises guidewire and catheter, which is inserted into the femoral artery in the leg or sometimes into the radial artery in the arm to treat constricted blood vessels. Balloon catheter also includes minimally-invasive procedure for opening blocked or narrowed coronary arteries caused by coronary arteries disease (CAD).
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Market Drivers
· Increasing prevalence of cardiovascular diseases is going to drive the growth of market.
· Increase in surgical procedures
· Increasing geriatric population is going to act as driving agent for the market.
Market Restraint
· Growing healthcare expenditure is going to act as restrain for the market.
Segmentation: Global Balloon Catheter Market
By product type
· Normal Balloon Catheter
· Cutting Balloon Catheter
· Scoring Balloon Catheter
· Drug Eluting Balloon Catheter
· Stent Graft Balloon Catheter
By Raw Material
· Polyurethane
· Nylon
· Others
By Indication
· Coronary Artery Disease
· Peripheral Vascular Disease
By End User
· Public Hospitals & Private Hospitals
· Ambulatory Surgical Centers,
· Cardiac Catheterisation Laboratories
By Geography
· North America
o US.
o Canada
o Mexico
· South America
o Brazil
o Argentina
o Rest of South America
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
· Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
· Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
Key Developments in the Market:
· In May 2016, Cook Medical initiated a voluntary recall of 4,146,309 catheters with Beacon Tip technology. Catheters with Beacon Tip technology will exhibit polymer degradation of the catheter tip, resulting in tip fracture and/or separation, which will be resulted as 30 Medical Device Reports to date. Catheters with Beacon Tip technology are mainly used by physicians who are trained and experienced in each of the procedures for which these devices are used.
· In September 2015, Cook Medical launches the Advance Salivary Duct Balloon Catheter Set. The product is designed to dilate strictures in the submandibular and parotid salivary ducts.
This set contains a hydrophilic-coated balloon catheter with a wire guide. There is a clinical need for more effective minimally invasive treatment options for salivary duct strictures
Competitive Analysis: Global Balloon Catheter Market
Global Balloon Catheter Markets highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of balloon catheter market for Global, Europe, North America, Asia Pacific, South America, Middle East & Africa.
Key Market Competitors: Global Balloon Catheter Market
Global Balloon Catheter market is dominated by Boston Scientific Advancing science for life, B. Braun Melsungen AG, Medtronic, Cordis A Cardinal health company, Terumo Corporation, Cook Medical , MicroPort Scientific Corporation, Jotech GmbH, Tokai Medical Products Inc., QXMedical, Meril Life Sciences Pvt.Ltd., Hexacath, Abbott , Biosensors International Group Ltd, Cardionovum GmbH,BiotronikInc, and. among others.
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Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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