The latest market report published by Credence Research, Inc. “Balloon Catheters Market — Growth, Future Prospects, Competitive Analysis, 2017–2025,” the global market for balloon catheters was valued at US$ 2,989.0 million in 2016 and is expected to reach US$ 5,457.2 million by 2025, increasing to CAGR by 6.78 percent from 2017 to 2025.
Market Insights:
The balloon ends of the balloon catheters are very important because they could cause trauma to the vascular endothelial tissues during inflation and therefore rounded balloons are more preferred compared to other shapes. Two types of balloons are used for surgical procedures, the first is high-pressure non-elastic balloons and the second is low-pressure elastic balloons. These balloons are classified as non-compliant, semi-compliant and high-compliant on the basis of a change in the diameter of the balloon as a function of the pressure. The type of balloon coatings is anti-thrombogenic coatings, abrasion-resistant coatings, and lubricating coatings.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/balloon-catheters-market
In the product segment, eluting balloon catheters are preferred as they restore normal blood flow and cause less fracture of the vessel compared to other catheters and vascular implants. Stent graft balloon catheters are useful for thoracic aortic surgery.
Polyurethane is considered to be the most desirable material for the manufacture of balloon catheters due to its characteristics such as tensile strength, biocompatibility, and hemocompatibility. Other materials will seek excellent market growth as they consist of various materials, such as polyethylene, terephthalate, and silicone, which have good pressure ratings, friction coefficient, and radial strength, which minimize damage to the vessel during insertion.
Increased preference for angioplasty and affordable refund scenarios is responsible for North America holding the largest market share in the market for balloon catheters. The baby boom population suffering from heart disease and intense market competition due to existing and emerging manufacturers of balloon catheters will contribute to Asia Pacific’s growth over the 2015–2025 forecast period.
The premier players featuring in the balloon catheters market are MicroPort Scientific Corporation JOTEC GmbH, B. Braun Melsungen AG, Cardionovum GmbH, Biosensors International Ltd., Biotronik, Inc., Abbott Laboratories, Inc., Cook Medical Inc., Cordis Corporation, Medtronic Plc, Terumo Corporation, and Boston Scientific Corporation.
Key Market Movements:
- Increasing preference for a minimally invasive surgical procedure
- Regulatory agencies are granting approval to balloon catheters without the requirement of pre-market sale approval
- Supportive healthcare insurance policies for balloon catheters in developed countries
You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58855
Key research study highlights comprise:
- Exhaustive research and analysis of the global Balloon Catheters industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Balloon Catheters market is also covered in the report
- Key players operating in the market are profiled and accompanied by the competitive landscape evaluated on the basis of product offering & business strength
- Cross-sectional analysis of each region covering individual segments for the forecast period 2017–2025 in terms of value (US$ Mn)
The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Distributors
- Purchasing managers
- Other stakeholders
Market Segmentation
By Product Type
- Normal Balloon Catheter
- Cutting Balloon Catheter
- Scoring Balloon Catheter
- Drug-Eluting Balloon Catheter
- Stent Graft Balloon Catheter
By Material Type
- Polyurethane
- Nylon
- Others
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
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