Global Angioplasty Balloons Market Research 2024, Forecast To 2033
11 Jul, 2024
The angioplasty balloons market size has steadily grown in recent years, rising from $2.6 billion in 2023 to $2.73 billion in 2024 at a CAGR of 4.9%. This growth in the historic period is driven by increasing clinical trials, reduced regulatory hurdles, expanding physician training programs, broader reimbursement coverage, and growing patient awareness and education. Moving forward, the market is expected to continue its steady growth, reaching $3.31 billion by 2028 with a CAGR of 5%. Factors contributing to this growth include an aging population, rising prevalence of cardiovascular diseases, expansion of healthcare infrastructure in emerging markets, adoption of minimally invasive procedures, and increasing demand for interventional cardiology. Major trends such as personalized treatment approaches, integration of advanced imaging technologies, shift towards outpatient procedures, expansion of telemedicine for post-operative care, and emphasis on cost-effective healthcare solutions are anticipated to drive advancements and accessibility in angioplasty balloon technologies.
Major Driver In The Angioplasty Balloons Market
The increasing incidence of cardiovascular diseases is expected to propel the angioplasty balloons market going forward. Cardiovascular diseases, affecting heart and blood vessels, are on the rise due to sedentary lifestyles, poor dietary habits, rising obesity rates, and aging populations. Angioplasty balloons are crucial in treating cardiovascular conditions by widening narrowed or blocked blood vessels, restoring proper blood flow, and reducing complications like heart attacks or strokes. The Centers for Disease Control And Prevention reported a slight increase in coronary heart disease prevalence among adults aged 18 and over, from 4.6% in 2020 to 4.9% in 2021, in May 2023. Therefore, the rising incidence of cardiovascular diseases is driving growth in the angioplasty balloons market.
Request A Free Sample Of The Global Angioplasty Balloons Market ReportGlobal Angioplasty Balloons Market Segmentation
The angioplasty balloons market covered in this report is segmented –
1) By Product Type: Normal Balloons, Scoring Balloons, Drug-Eluting Balloons, Cutting Balloons
2) By Material: Non-Compliant, Semi-Compliant
3) By Application: Coronary Angioplasty, Peripheral Angioplasty
4) By End User: Hospitals, Specialty Clinics, Catheterization Laboratories, Ambulatory Surgical Centers, Other End Users
By Geography:The regions covered in the angioplasty balloons market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the angioplasty balloons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Angioplasty Balloons Global Market Report 2024 furnishes information about the global angioplasty balloons market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
Angioplasty Balloons Market Competitive Landscape
Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Becton Dickinson, Koninklijke Philips N.V, Boston Scientific Corporation, B. Braun SE, Terumo Corporation, Cook Medical, Biotronik SE, Merit Medical Systems Inc, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, AngioDynamics, Cordis, SurModics, iVascular, Hexacath, Balton Sp, Cardionovum, QualiMed Innovative Medizinprodukte GmbH, Acrostak, Panmed US Inc., Translumina GmbH, Concept Medical Inc
Purchase The Global Angioplasty Balloons Market Report Directly And Get A Swift DeliveryAngioplasty Balloons Market Overview
Angioplasty balloons are medical devices used to open narrowed or blocked blood vessels in conditions such as coronary artery disease and peripheral artery disease. These balloons inflate within the artery, compressing the plaque against the vessel wall to restore blood flow.
Angioplasty Balloons Global Market Report 2023 provides data on the global angioplasty balloons market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The angioplasty balloons market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.