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Balloon Catheters Market, By, Geography - Opportunity Analysis, and Industry Forecast till 2025

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The balloon catheter is a flexible, tubular device with a balloon at its tip that is used to create, enlarge or remove blockage of a passageway within the body, by passing it through body channels. The balloon tip can be expanded by water or air to
GLOBAL BALLOON CATHETERS
MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017–2025
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REPORT DESCRIPTION
Balloon Catheters – Blowing Out the Flame of Coronary Artery Disease
Balloon catheter is a flexible device with a balloon at its tip, which may be inflated or deflated
when the catheter is in place to create or enlarge a passageway, also it is used to remove the
blockage or to open the narrowed coronary arteries caused by coronary arteries disease.
Furthermore, the balloon catheters have other applications such as are used in renal
denervation, cryoablation, drug delivery, perfusion, and atherectomy.
As per the stats published in 2015 by The Heart Foundation, coronary artery disease causes
around 380,000 fatalities yearly in the U.S. Furthermore, around 720,000 people suffer from
heart attacks each year and among these, 205,000 are repetitive cases of a heart attack and
515,000 people suffers from a first incidence of heart attack in the U.S.
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The global balloon catheters market was valued at US$ 2833.4 million in 2016 and is expected to
witness a robust CAGR of 7.7% during the forecast period (2017 – 2025).
Increase in coronary artery disease prevalence and preference for minimally invasive
procedure expected to favor the growth of balloon catheters market in the near future
North America accounts for the largest share in the global balloon catheters market, followed by
Europe. This is mainly attributed to rapidly aging population, increase in incidence rate of
diabetes and increase in number of heart attack and coronary artery disease cases in this region.
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REPORT DESCRIPTION
The balloon catheters market is expected to show high growth rate in Asia-Pacific region
over the forecast period supported by increase in prevalence rate of lifestyle disease such as
diabetes. According to World Health Organization (WHO), in 2016, around 110 million
people were living with diabetes in China and this number is expected to reach 150 million
in 2040 due to unhealthy habits and lack of physical activity.
Also, the increase in minimally invasive procedure expected to raise the demand for balloon
catheters in developed and emerging regions during forecast period, as minimally invasive
treatment help patients to get cure rapidly, helps to avoid open heart surgery and also
prevent loss of blood during surgery.
Also, the minimally invasive procedures takes less time to perform the surgery and patient
can be released from hospital on same day of surgery. This helps to patient to start their
daily routine early as compare to open heart surgery also it reduces the chances of
complexity occurs after the surgery.
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Some major players operating in balloon catheters market are Abbott Laboratories, Becton
Dickinson And Company, Boston Scientific Corporation, Bard Medical Division, B. Braun
Melsungen AG, Johnson & Johnson, Teleflex Incorporated, Medtronic, Plc, Edwards Lifesciences
Corporation, OrbusNeich and Vascular Solutions, Inc.
Few growth restraining factors are the rarity of health insurance in emerging countries such as
India making this procedure beyond the reach of people who are living in rural area and lack of
awareness about invasive treatment for heart surgery among patients living with heart related
disease limiting the growth of balloon catheters market.
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This report segments the global balloon catheters market on the basis of product material and
geography. On the basis of material, the market is categorized into polyurethane, nylon and
other type of materials such as pebax. Among these, the polyurethane segment dominate the
balloon catheters market throughout the forecast period. On the basis of geography, the
market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa. Among all regions, North America contributes major market share supported by
increased incidence rate of cardiovascular disease and growing inclination of the populace
towards minimally invasive procedures.
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