Drug Eluting Balloon Market to Witness Significant Growth During the Forecast Period
The market report titled ‘Global Drug Eluting Balloon Market - Size, Share and Forecast (2019 - 2026)’ produced by DataM Intelligence analyses the industry dynamics in this competitive space to provide a comprehensive analysis of the market opportunities.
Drug Eluting Balloon Market Drivers
The rising prevalence of heart diseases and the ageing population are key factors driving the growth of drug eluting balloon market. For instance, according to the Centers for Disease Control and Prevention (CDC), more than 15 million Americans suffer from coronary heart disease, which makes it the most common type of heart disease, which results in the deaths of over 370,000 people, annually. In most cases, the progression of CADs (Coronary Artery Diseases) becomes clinically apparent by the age of 40. However, the patients aged 65 years or more account for approximately 85% of the total deaths from CAD.
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Drug Eluting Balloon Market Segmentation
On the basis of product type, peripheral drug eluting balloon, the peripheral drug eluting balloon segment accounted for the largest market share in 2018 and expected to dominate over the forecast period (2019-2026). The segment is growing due to growing usage of drug eluting balloon in the treatment of peripheral artery diseases as these devices are easy to use and the treatment shows improved patency rate as compared to that of standard PTA balloons. In addition, the growth of the peripheral drug eluting balloon segment attributed to the increasing development in these devices by major players.
On the basis of drug coating technology, the FreePac segment held the largest market share in 2018 and growing at a significant CAGR over the forecast period due to entry of several new drug coating technologies in the market.
Drug Eluting Balloon Market Regional Analysis
In Asia-Pacific, the market size of drug eluting balloon market is contributed by major countries such as China, and India. The region is growing due to several initiatives taken by governments to increase awareness about therapeutic applications of drug-eluting balloons in coronary and peripheral artery diseases. In addition, the aging population and increased investments by many foreign medical device companies fuelled the growth of the drug-eluting balloons market in the region. According to UN, approximately 30% of the total population in China is estimated comprise elderly people by 2050. Developing countries, such as India and China, are expected to have a larger geriatric population base compared to developed countries, such as the U.S. For instance, the number of people aged above 60 years is expected to reach 437 million in China and 324 million in India compared to 107 million in the U.S. by 2050. Hence, the demand for drug eluting balloon devices is increasing in this region, leading to the growth of the market.
Drug Eluting Balloon Market Company Trends
Some of the major players in the Drug Eluting Balloon market include Medtronic, Boston Scientific Corporation, Cook Medical, B. Braun Melsungen AG, Koninklijke Philips N.V., Opto Circuits (India) Limited, Biotronik, Acotec Scientific, among others. The key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with the increased focus on R&D are other ways the leading players improve their market presence.
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Table of contents overview -
1.Global Drug Eluting Balloon Market Methodology and Scope
2.Global Drug Eluting Balloon Market – Market Definition and Overview
3.Global Drug Eluting Balloon Market – Executive Summary
4.Global Drug Eluting Balloon Market – Market Dynamics
5.Global Drug Eluting Balloon Market – Industry Analysis
6.Global Drug Eluting Balloon Market – By Product Type
7.Global Drug Eluting Balloon Market – By Drug Coating Technology
8.Global Drug Eluting Balloon Market – By End-Users
9.Global Drug Eluting Balloon Market – By Region
10. Global Drug Eluting Balloon Market – Competitive Landscape
11. Company Profiles
12. Global Drug Eluting Balloon Market – Premium Insights
13. Global Drug Eluting Balloon Market – DataM
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About DataM Intelligence
DataM Intelligence 4Market Research is a Market Intelligence and Business Research firm, based in India. It aims to bridge the two main aspects of a business decision - opinion and supportive data.
Market Research for long has been losing its credibility owing to low reliability and high proportions of estimations. Having identified this gap, DataM was established to provide businesses with reliable and near-market intelligence. Reporting the actual market scenario has been made possible by our proprietary methodology, that essentially revolves around gathering inputs from industry participants and integrating the trends into statistical Databank. This approach not only aligns the findings with historical data but also allows a highly justifiable forecast model.
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