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Canada Drug-Coated Balloons Market Size, Growth Strategies 2022-28

02-02-2023 07:55 AM CET | Health & Medicine

Press release from: Precision Business Insights

Canada Drug-Coated Balloons Market Size, Growth Strategies

The canada drug-coated balloons market size was valued at USD x billion in 2021, growing at a CAGR of 11.9% during the forecast period 2022 to 2028. Anti-proliferative medications are coated on one or both sides of semi-compliant angioplasty balloons known as drug-coating balloons. The balloons are distributed across the blood vessel walls after inflation, which is typically done at low pressures. These balloons greatly minimize cellularity and do away with the necessity for repeated vascularization. The high prevalence of cardiovascular diseases among the elderly population as a result of tainted food, booming research and development in the treatment of cardiovascular disorders, and sophisticated healthcare infrastructure are predicted to drive the growth of the global drug-coated balloons market during the forecast period.

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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.

Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Kemp House, 152 - 160 City Road, London EC1V 2NX
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About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

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