Press release
Global Cutting Balloon Catheter Market Poised to Reach a Valuation in Excess of US$ 181 Mn Over 2022
Fact.MR
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Global sales of cutting balloon catheter is projected to remain weak over the next five years. This is majorly attributed to the introduction of superior alternatives for carrying out minimally invasive cardiovascular and endovascular procedures. An array of cutting-edge catheters are available in the market owing to continuous research and development activities in the medical technology space. Moreover, increasing occurrence of cardiovascular disorders is putting an impetus on further innovation in catheter devices. Therefore, medical device manufacturers are concentrating on making multipurpose balloon catheters that will not be limited to any particular application. These aforementioned factors are deterring the prospects of the global cutting balloon catheter market. According to the recent study conducted by Fact.MR, the global market for cutting balloon is estimated to stand at around US$ 181.6 Mn, reflecting a sluggish growth during the forecast period (2017-2022).
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 Contents:
Global Cutting Balloon Catheter Market – Executive Summary
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
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
Continued……..
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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 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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