The global balloon catheters market is expected to grow at a CAGR of 5.32% to reach a total market size of US$4.193 billion by 2023, increasing from US$3.072 billion in 2017. A balloon catheter is a device with a balloon at the tip that may be inflated or deflated while the catheter is in place to create, enlarge, or occlude a passageway. These are used in surgical interventions with maximum use in coronary artery diseases and stent deployment. Increasing incidences of cardiac diseases, a growing geriatric population, favorable reimbursement policies, and technological advancements are some of the major factors augmenting the balloon catheter market growth. Geographically, North America holds a significant market share owing to the afflicting cardiovascular diseases among people and favorable FDA policies, while Japan and India are emerging as potential markets in the Asia-Pacific region,
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the balloon catheter value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the balloon catheter market.
Key players of the global balloon catheters market are Boston Scientific, Biomerics, B. Braun, Teleflex Medical, Medtronic, and A.V medical among others.
The global balloon catheters market has been segmented into balloon type, catheter type, applications, and geography as below:
- By Balloon Type
- ·High-pressure balloons
- ·Elastomeric balloons
- By Catheter Type
- ·Over-the-Wire (OTW) balloon catheters
- ·Rapid Exchange (RX) balloon catheters
- ·Fixed-Wire (FW) balloon catheters
- By Applications
- ·Stent delivery
- ·Esophageal dilation
- ·Transcatheter aortic valve implantation (TAVI)
- ·Tuboplasty via uterine catheterization
- By Geography
- ·North America
- United States
- ·South America
- United Kingdom
- ·Middle East and Africa (MEA)
- Saudi Arabia
- ·Asia Pacific (APAC)