BIS Research Study Highlights the Global Advanced Balloon Catheter Market to Reach $4,405.3 Million by 2030

The global advanced balloon catheter market is projected to reach $4,405.3 million by 2030, reveals the premium market intelligence study by BIS Research. The study also highlights that the market is set to witness a CAGR of 6.25% 2021 and 2030.

The comprehensive study of global advanced balloon catheters by BIS Research extensively covers the following:

• Market numbers on product type, component, applications, patient age, and end-user segment and respective sub-divisions that are influencing the market
• More than 300 products present in the market
• Market share analysis for advanced balloon catheters
• Detailed global and regional market share analysis, including the scrutiny of 15 countries

View the Report from BIS Research at https://bisresearch.com/industry-report/advanced-balloon-catheter-market.html

Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, segmental analysis, and COVID-19 impact on the market.

BIS Research study indicates that the increasing prevalence of cardiovascular and peripheral artery diseases, increasing demand for minimally invasive surgeries, advancements in the balloon catheters, and favorable reimbursement landscape in developed economies are fueling the growth of the market.

The study highlights the various emerging opportunities, such as the development of novel drug-coated balloon catheters and the development of multipurpose balloon catheters that can be leveraged by players operating in the market.

The market intelligence by BIS Research additionally throws a spotlight on the regulatory landscape, patent scenario, reimbursement landscape, and comparison between conventional and balloon catheters used for the medical procedures.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include product type, components, applications, patient age, and end-users, and regions. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.

The types of product segments of the global market include analysis of different types of balloon catheters such as normal balloon catheter, drug-coated balloon catheter, cutting and scoring balloon catheter, and stent-graft balloon catheter. The study is majorly centered on the market of various balloon catheters.
To emphasize the impact of COVID-19 on the global advanced balloon catheter market, Swati Sood, Lead Analyst– BIS Research, states, " In the pre-COVID scenario, the market was expected to grow at the compound annual growth rate (CAGR) of 7.14% during the forecast period 2021-2030. However, the COVID-19 pandemic has resulted in a significant decline in the elective surgeries globally that has further impacted the sales of the balloon catheters in 2020. The COVID-19 pandemic is, however, anticipated to have a short-term effect on the market as the elective procedures across the global healthcare system are resumed. Due to the pandemic, the market is anticipated to register growth with a CAGR of 6.25% during the forecast period 2021-2030.”

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Key insights are drawn from in-depth interviews with the key opinion leaders of leading companies, market participants, and vendors. The key players profiled in the report include Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Inc., Koninklijke Philips N.V., Medtronic plc, MicroPort Scientific Corporation, and Terumo Corporation, Biotronik AG, Cardionovum GmbH, Concept Medical Inc., Cook Group, Hexacath, and OrbusNeich Medical.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market.
Who should buy this report?
• Balloon catheter manufacturers (emerging and established) to gain a holistic view about the market potential of various balloon catheters, their emerging applications, and the developing economies for business expansions
• Healthcare companies keen on expanding their product portfolio into cardiovascular, vascular, neurovascular, and orthopedic specialties.

How market intelligence on advanced balloon catheter can add value to an organization’s decision-making process
• Aid in product development
• Help in targeting a segment for launching a new product
• Offer go to market strategies for the different source type
• Support in diversifying the product portfolio for balloon catheters
• Help in analyzing the novel balloon catheters and compare the specification
• Aid in understanding the end-user requirement
• Support in analyzing the emerging applications
Insightful Questions Covered to Enable Companies to take Strategic Decisions

• How has the COVID-19 pandemic impacted the global advanced balloon catheter market?
• What is the adoption rate of the balloon catheters in peripheral artery disease (PAD) and coronary artery disease (CAD) across various regions?
• What is the reimbursement landscape for the balloon catheters across various regions?
• How does the regulatory landscape for the balloon catheters impact the overall global advanced balloon catheter market?
• Who are the key players in the global advanced balloon catheters and their respective market share?
• What are the key strategies employed by the companies for entering the market between 2016-June 2020?
• What is the patent landscape for the global advanced balloon catheter market? Who are the major market players that have filed for patents between January 2017- August 2020?
• How will the entry of products that are in the pipeline till mid-September 2020 impact the global advanced balloon catheter market during the forecast period 2021-2030?
• What are the various types of balloon catheters available in the global advanced balloon catheter market? What is their market share in 2019 and 2030, respectively?
• Which type of balloon catheter is anticipated to witness the growth with the highest compound annual growth rate (CAGR) during the forecast period 2021-2030?
• What are the emerging applications for the balloon catheters?
• What are the various components of balloon catheters? Which type of balloon catheter is anticipated to witness significant growth during the forecast period 2021-2030?
• How is the global advanced balloon catheter market anticipated to grow in the emerging economies, such as Asia-Pacific, Latin America, Middle East and Africa?

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About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies, and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.

This release was published on openPR.