Press release
Cutting Balloon Catheter Market: Analysis of Opportunities Offered by High Growth Economies, Review till 2022
Fact.MR
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Adoption of cutting balloon catheter is expected to remain sluggish during the forecast period. This is primarily owing the arrival of better alternatives for undertaking minimally invasive endovascular procedures. Due to tremendous advancement in medical technology, a slew of advanced catheters have been developed to treat arterial atherosclerosis. In addition, rising prevalence of cardiovascular ailments is prompting the need for more efficient balloon catheters. Medical device manufacturers are focusing on developing multipurpose balloon catheters owing to a higher consumer preference for such devices. Factors as such are making a negative impact on the global sales of cutting balloon catheters. However, cutting balloon catheter will stay relevant to most healthcare settings as surgeons and physicians will continue to use them in various medical cardiovascular surgeries. As per the latest report published by Fact.MR, the global cutting balloon market will expand at a miniscule CAGR of 2.4% between 2017 and 2022.
A cutting balloon catheter is a medical device used in angioplasty procedures, and was invented by Barath et al. It allows percutaneous coronary interventions in arteries or veins. The device incorporates a distinctive tip with microsurgical blades, which can be activated by inflating the balloon. Boston Scientific's Flextome is the one of the most commonly used cutting balloon catheter device.
North America to Remain the Largest Market for Cutting Balloon Catheters
Among regions, North America will continue to be the leading market for cutting balloon catheter during the forecast period. This is primarily attributed to the presence of a well-established healthcare sector in the region. Moreover, factors such increasing healthcare awareness and rising healthcare expenditure are supporting the growth of the market in the region. Meanwhile, the market in Asia-Pacific excluding Japan (APEJ) is also expected to exhibit a steady growth over the next couple years. Emerging countries such as China and India are anticipated to play a major role in determining the future prospects of the market in the region. Europe is projected to remain another potential market for cutting balloon catheter, which currently command for over 30% share of the global market in terms of revenue.
Competition Tracking
Fact.MR’s report has also profiled key companies operating in the global cutting balloon catheter market including Hexacath, Boston Scientific Corporation, Medtronic Plc., BIOTRONIK SE & Co. KG, Cook Medical Inc., Cardionovum GmbH, Abbott Laboratories, Terumo Corporation, B. Braun Melsungen AG, Cordis Corporation, MicroPort Scientific Corporation, and Meril Life Sciences Pvt Ltd. Some of these market participants are actively focusing on further technological enhancement in their products in order to boost sales.
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Table of Content
1. Global Cutting Balloon Catheter Market - Executive Summary
2. Global Cutting Balloon Catheter Market Overview
2.1. Introduction
2.1.1. Global Cutting Balloon Catheter Market Taxonomy
2.1.2. Global Cutting Balloon Catheter Market Definition
2.2. Global Cutting Balloon Catheter Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Cutting Balloon Catheter Market Y-o-Y Growth
2.3. Global Cutting Balloon Catheter Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Epidemiology
2.6. Product Mapping Behavior By Region
2.7. Average Pricing Analysis
2.8. Regulations
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Cutting Balloon Catheter Market Analysis and Forecast By Indication
3.1. Global Cutting Balloon Catheter Market Size and Forecast By Indication, 2012-2022
3.1.1. Coronary Artery Disease Cutting Balloon Catheter Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Peripheral Vascular Disease Cutting Balloon Catheter Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continue…@@
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Healthcare Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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