Press release
The Market For Normal Balloon Catheters Is Expected To Surge At 7% CAGR From 2021-2031
As per Fact.MR, a market research and competitive intelligence provider, the global market for normal balloon catheters was valued at US$ 1.8 Bn in 2020. Surge in interventional cardiology has been facilitating the utilization of normal balloon catheters. Moreover, there is a rise in the prevalence of patients affected with end-stage renal disease.The number of patients seeking renal replacement therapy has also increased. Leading manufacturers of catheter devices are developing efficient and cost-effective solutions. These incidences might influence the growth of the global normal balloon catheter market over the coming years. In addition, various other factors such as the growing geriatric population, rising investments in research & development activities concerning normal balloon catheters are expected to boost the demand for balloon catheters.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://www.factmr.com/connectus/sample?flag=S&rep_id=147
๐ช๐ต๐ฎ๐ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ฒ๐๐๐ฟ๐ฎ๐ถ๐ป๐๐ ๐๐ฎ๐ฐ๐ฒ๐ฑ ๐ฏ๐ ๐ก๐ผ๐ฟ๐บ๐ฎ๐น ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ ๐ ๐ฎ๐ป๐๐ณ๐ฎ๐ฐ๐๐๐ฟ๐ฒ๐ฟ๐?
Costs of angioplasty procedures are very high, coupled with risks such as artery collapse and infection related to balloon catheterization, which, in turn, will impede the sales of catheter devices to some extent.
Stringent regulatory authorities and choice of alternatives such as bypass surgery are likely to hinder growth of the overall catheter market.
๐ช๐ต๐ถ๐ฐ๐ต ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป ๐ถ๐ ๐ง๐๐ฟ๐ถ๐ป๐ด ๐ข๐๐ ๐๐ผ ๐๐ฒ ๐ฎ ๐๐๐ฐ๐ฟ๐ฎ๐๐ถ๐๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ณ๐ผ๐ฟ ๐ก๐ผ๐ฟ๐บ๐ฎ๐น ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ ๐ ๐ฎ๐ป๐๐ณ๐ฎ๐ฐ๐๐๐ฟ๐ฒ๐ฟ๐?
In terms of revenues, Europe will account for the largest share of the market during the forecast period. Revenue in the European regional market is set to grow 1.4X by 2031.
Increase in patient awareness, simple access to innovative healthcare services, and growing demand for advanced balloon catheters are factors to consider for market growth in the region.
Focus on government spending, particularly in research & development by major players, are expected to fuel demand for normal balloon catheters in ambulatory surgical centers.
Growing demand for polyurethane normal balloon catheters in Canada and rising opportunities for manufacturers of normal balloon catheters in Japan are all making a significant contribution to global market growth prospects for normal balloon catheters.
๐ช๐ต๐ ๐ฎ๐ฟ๐ฒ ๐ก๐๐น๐ผ๐ป ๐ก๐ผ๐ฟ๐บ๐ฎ๐น ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ๐ ๐๐ฎ๐ถ๐ป๐ถ๐ป๐ด ๐๐บ๐บ๐ฒ๐ป๐๐ฒ ๐ฃ๐ผ๐ฝ๐๐น๐ฎ๐ฟ๐ถ๐๐ ๐ถ๐ป ๐๐ต๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐?
Based on raw material, nylon will remain sought-after among manufacturers of normal balloon catheters. Approximately half the market share will be held by nylon normal balloon catheter sales during the forecast period. Sales of nylon-based normal balloon catheters are expected to increase 2.1X over the forecast period.
This is mostly due to the advantages of using nylon as a raw material in these devices, as nylon is softer, easier to refold, and easier to withdraw into the guiding catheter or introducer sheath.
As compared to PET (polyethylene terephthalate) variants, nylon high-pressure balloons need a thicker wall for a given burst pressure, which indicates that when inserted into the body and across a lesion, so the demand for nylon normal balloon catheters is more than PET balloon catheters.
๐ช๐ต๐ ๐ถ๐ ๐๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐ก๐ผ๐ฟ๐บ๐ฎ๐น ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ผ๐๐ฝ๐ถ๐๐ฎ๐น๐ ๐๐ถ๐ด๐ต?
Sales of normal balloon catheters for hospitals are expected to exhibit fastest expansion through 2031, based on end user. Hospitals will remain the largest end users of normal balloon catheters throughout the forecast period.
Growth of this segment is being driven by growing incidence of chronic diseases and rising demand for efficient and effective surgery with shorter recovery times and shorter hospital stays.
Availability of advanced technologies as well as requirement for minimally invasive surgical procedures are both driving demand for normal balloon catheters in hospitals.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:https://www.factmr.com/connectus/sample?flag=RC&rep_id=147
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Several normal balloon catheter manufacturing companies have implemented merger and acquisition plans to differentiate them as prominent competitors in the market and to increase sales in the worldwide normal balloon catheter market.
PTA balloon manufacturing companies are forming alliances with small businesses to improve their product portfolios and extend their worldwide footprints. Launch of new products is another method used by manufacturers of normal balloon catheters to increase their market share and domination.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ:
โข Abbott Laboratories
โข Boston Scientific Corporation
โข Medtronic plc
โข Terumo Corporation
โข MicroPort Scientific Corporation
โข B. Braun Melsungen AG
โข Meril Life Sciences Pvt. Ltd.
โข Hexacath
โข Tokai Medical Products Inc.
โข Cook Medical INC
โข Cordis Corporation
โข BIOTRONIK SE & Co. KG.
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐ก๐ผ๐ฟ๐บ๐ฎ๐น ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
Raw Material
โข Polyurethane Normal Balloon Catheters
โข Nylon Normal Balloon Catheters
โข Others
Indication
โข Normal Balloon Catheters for Coronary Artery Disease
โข Normal Balloon Catheters for Peripheral Vascular Disease
โข Normal Balloon Catheters for Preventing Blood Vessel Constriction
โข Normal Balloon Catheters for Percutaneous Coronary Intervention
โข Others
End User
โข Normal Balloon Catheters for Hospitals
โข Normal Balloon Catheters for Ambulatory Surgical Centers
โข Normal Balloon Catheters for Cardiac Catheterization Laboratories
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
https://www.prnewswire.com/news-releases/non-polar-carotene-derivation-to-position-hexane-market-at-us-3-05-bn-in-2032--301573865.html
https://www.prnewswire.com/news-releases/petroleum-coke-market-demand-to-reach-us-63-10-bn-by-2032-amid-rising-application-in-cement-industry-301575549.html
https://www.prnewswire.com/news-releases/mounting-focus-on-refining-processes-to-steer-glycol-pumps-market-past-us-224-3-mn-in-2032--301576594.html
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