Canada Drug-Coated Balloons Market Size, Growth Strategies 2022-28
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Canada Drug-Coated Balloons Market Growth Factors:
Over the course of the projection period, it is anticipated that the prevalence of diabetes and coronary artery disease will fuel the market for drug eluting balloons. An angioplasty balloon known as a drug-eluting balloon is essential in the management of coronary artery disease. The increased incidence of coronary artery disease is anticipated to fuel demand for angioplasty and other therapies, which will ultimately fuel market expansion. The World Health Organization (WHO) estimates that around 3.9 million men and 4.5 million women will pass away from coronary heart disease per year by the year 2020. Additionally, there are roughly 1335 million fatalities per year for people between the ages of 15 and 60 and 5825 million per year for people over 65.
Canada Drug-Coated Balloons Market Segmentation:
1) By Indication: PAD, CAD, others.
2) By Drug Type: Paclitaxel, Sirolimus.
3) By End-user: Hospitals Ambulatory Care Settings, Freestanding Cath Labs.
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Canada Drug-Coated Balloons Market Regional Analysis:
The main causes of the growth include sedentary lifestyles, poor diets, anxiety, and stress, which result in chronic diseases like diabetes and obesity and a rise in the prevalence of certain cardiovascular conditions like coronary artery disease, strokes, and atrial fibrillation.
Canada is expected to grow at the quickest rate during the forecast time frame. Both an increase in healthcare spending and an increase in the prevalence of cardiovascular diseases can be blamed for this. One in five people in Canada suffers from cardiovascular disease, according to Biomedcentral. Additionally, it is projected that an ageing population and increased disposable income will fuel the industry in the region. The growth of health tourism in emerging nations is also contributing to the industry's expansion in the region.
Major players working in the canada drug-coated balloons market are Medtronic, Koninklijke Philips, BD, B. Braun Melsungen, Biosensors International Group, Boston Scientific, MedAlliance, BioMed.
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