Cutting Balloon Catheter Market To Accelerate At A Steady 4% CAGR By 2031

Market research covered in this Crop Protection Chemicals Market report helps the management of a firm in planning by providing accurate and up-to-date information about the consumer's demands, their changing tastes, attitudes, preferences, buying intentions, etc. This research aids in correlative relationships between the product brand and consumers' needs and preferences. Additionally, this report brings into light key market dynamics of the sector. The competitive landscape section of the report gives a clear insight into the market share analysis of key industry players.

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The company profiles of all the major market players and brands that are dominating the Crop Protection Chemicals Market with moves like product launches, joint ventures, merges, and accusations which in turn are affecting the sales, import, export, revenue, and CAGR values have been cited in the report. The study consists of a market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness.

The research further covers segments such as product type, market share, availability on-premises, and end-users type, and availability in geographical regions such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The dedicated section on the opportunities and challenges ahead of Crop Protection Chemicals Market participants is a valuable addition to this report. The section is capable of improving business knowledge about the latest innovations and needed improvisation to keep the market position intact with time in the forecast period 2023- 2032.

Highlights of the Report Include:

• Based on raw material, preference for polyurethane based cutting balloon catheter will remain strong during the assessment period. In terms of revenue, sale of polyurethane based cutting balloon catheters presently account for the largest share of the global market.
• Based on indication, use of cutting balloon catheter for treating coronary artery disease will be relatively high. Currently, around 73% revenue share of the global market in generated by use of cutting balloon catheter in coronary artery procedures.
• On the basis of end user, sales of cutting balloon catheter will remain highly concentrated in hospitals. In addition, hospitals are the largest end users of cutting balloon catheter. In 2018, more than US$ 121 Mn worth cutting balloon catheters will be consumed by hospitals. Currently, revenues from sales of cutting balloon catheters in hospitals command for around 67% share of the global market.

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Key Segments Covered in Cutting Balloon Catheter Industry Research

• Indication
o Coronary Artery Disease
o Peripheral Vascular Disease
• Raw Material
o Polyurethane
o Nylon
o Others
• End User
o Hospitals
o Ambulatory Surgical Centers
o Cardiac Catheterization Laboratories

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.

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.

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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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This release was published on openPR.