Global Angioplasty Balloon Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

In angioplasty balloon market, the catheter with the balloon is passed through the artery to the blockage, and then inflated to increases of the blood flow to the heart and widen the opening. Various materials are used to make these balloons which include nylon, pebax, polyurethane, and others. Different types of balloons are available in the medical industry such as normal balloon catheter, drug-eluting balloon cutting balloon, and others. In a drug-eluting balloon, the anti-proliferative drug is provided through a balloon when the balloon inflated this drug is released. All of them are used in angioplasty in order to treat heart diseases or cardiovascular diseases. Their use reduces complications after a heart attack in addition to this, the use of balloons in angioplasty has replaced the bypass surgery. Deaths caused due to heart diseases are growing amongst the new generation, according to the World Health Organisation, most of the deaths in the world are caused due to cardiovascular diseases. Taking around 17.9 million lives every year which is an estimated 31.00% of all deaths worldwide. Growing population and healthcare awareness is expected to increase the demand of the market. Global angioplasty balloon market accounted 2.6 USD billion in 2020 and is expected to reach 3.6 USD billion by 2030 growing with a CAGR of 3.4% during the forecast period.
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Market Dynamics and Factors:
The necessity of the balloons for the medical procedure of angioplasty and growing victims of cardiovascular diseases worldwide are the major driving factors of the angioplasty balloon market. In addition to this development of advanced materials for making balloons such as the use of different polymers. Resulting in reduced cost which will further boost the angioplasty balloon market in the upcoming years. Growing population in emerging countries like India, China fuels the healthcare or medical industry which leads to an increase in demand for the healthcare equipment. An unhealthy lifestyle of the populace in the developed countries also helps in the growth of the angioplasty balloon market. However, price clash and an increase in key players is hindering the angioplasty balloon market growth. Research development in advanced materials and angioplasty will further create new opportunities in upcoming years.
Market Segmentation :
Global Angioplasty Balloon Market – By Product Type
Normal Balloon Catheter
Drug-Eluting Balloon
Cutting Balloon
Others
Global Angioplasty Balloon Market – By Application
Peripheral
Coronary
Global Angioplasty Balloon Market – By End-User
Hospitals
Ambulatory Surgery Centers [ASCS]
Cath Labs
Global Angioplasty Balloon Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America has dominated the angioplasty balloon market and expected to continue its supremacy during the forecast period. With the growing development of advanced materials and angioplasty, an increase in cardiovascular patients owing to an unhealthy lifestyle, and the presence of top manufacturers such as Cardinal Health, Cook Medical. Asia Pacific is also expected to witness rapid growth due to the rising population and growing health awareness amongst the populace, and growing healthcare sector. Europe is expected to grow at a steady pace with the growing healthcare sector.
Competitive Scenario:
Some of the key players in the angioplasty balloon industry are Abbott Laboratories, Boston Scientific Corp., Cook Medical, Inc., Cardinal Health (Cordis), Becton Dickinson and Company (C.R. Bard), ENDOCOR GmbH, and Johnson & Johnson, Medtronic PLC, Spectranetics Corp.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Angioplasty Balloon industry, although key threats, opportunities and disruptive technologies that could shape the Global Angioplasty Balloon Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Angioplasty Balloon Market most.
The data analysis present in the Global Angioplasty Balloon Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Angioplasty Balloon Market business.
The 2021 Annual Global Angioplasty Balloon Market offers:
100+ charts exploring and analysing the Global Angioplasty Balloon Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Angioplasty Balloon Market type
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