Drug-Coated Balloons Market Key Drivers, Analysis, Trends, Overview And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Drug-Coated Balloons Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The drug-coated balloons market size has grown rapidly in recent years. It will grow from $0.95 billion in 2023 to $1.1 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to increased cardiovascular disease burden, demand for minimally invasive procedures, prevalence of peripheral artery disease (pad), reducing restenosis rates, advancements in interventional cardiology..

The drug-coated balloons market size is expected to see rapid growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to increasing aging population, expansion of indications and applications, focus on outpatient and ambulatory care, integration with drug delivery innovations, global health initiatives.. Major trends in the forecast period include regulatory approvals for new formulations, focus on minimizing side effects, emergence of bioresorbable coatings, market expansion in emerging economies, patient-centric approaches..

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Market Drivers and Trends:

The rise in the prevalence of coronary artery disease is expected to propel the growth of the drug-coated balloons market going forward. Coronary artery disease (CAD) is a medical condition defined by the narrowing or obstruction of the coronary arteries, that feed blood to the heart muscle, leading to heart attacks. The drug-coated balloon is a medical device used in the treatment of coronary artery disease. The drug is released into the artery during the procedure to help prevent restenosis, which is the re-narrowing of the artery after angioplasty. For instance, in May 2023, according to the report published by the Centers for Disease Control and Prevention, a US-based national public health agency, the coronary heart disease, in United States, increased to 375,476 deaths in 2021 and about 1 in 20 adults aged 20 and older have coronary heart disease. Thus, the rise in the prevalence of coronary artery disease is expected to boost the drug-coated balloon market.

Product innovations are a key trend gaining popularity in the drug-coated balloons market. Major companies operating in the drug-coated balloons market are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in July 2021, Medtronic plc, a US-based provider of medical devices, launched the Prevail drug coated balloon (DCB) Catheter. This cutting-edge tool is used in percutaneous coronary intervention (PCI) operations to treat patients with coronary artery disease (CAD) who have blocked or constricted coronary arteries. It delivers focused therapy to the blockage location using paclitaxel, a medication with fast absorption. This enables effective treatment of many kinds of lesions, such as in-stent restenosis (ISR), small vascular disease, and de novo lesions.

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Major Key Players of the Market:

Acotec Scientific AG; AR Baltic Medical AB; B. Braun Melsungen AG; Becton Dickinson and Company; Biosensors International Group Ltd; Medtronic Inc.; Koninklijke Philips N.V; Boston Scientific Corporation; Opto Circuits; Acrostak Corp.; BioMed; Concept Medical; Cardionovum GmbH; Endocor GmbH; Hexacath Sverige; iVascular SLU; Minvasys SAS; MedAlliance; QT Vascular Ltd; RD Global-Invamed; Terumo Corporation; Biotronik; Cook Medical; Cordis Corporation; Abbott Laboratories; Surmodics Inc.; Hexacath SAS; MicroPort; SurModics Inc.; Orchestra BioMed

Drug-Coated Balloons Market 2024 Key Insights:

• The drug-coated balloons market size will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%.
• Rising Prevalence Of Coronary Artery Disease Drives Growth In The Drug-Coated Balloons Market
• Product Innovations For Enhanced Treatment In Coronary Artery Disease
• North America was the largest region in the global drug-coated balloons market in 2023, and is expected to be the fastest-growing region in the forecast period

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