Balloon Catheters Market Size, Growth Trends & Top Manufacturers Forecast 2024-2031 | Teleflex Medical, Johnson & Johnson, Medtronic, Inc.

The Global Balloon Catheters Market size was valued at US 4.58 billion in 2022 and is estimated to reach US 8.65 billion by 2031, growing at a CAGR of 8.7% during the forecast period (2024-2031).

Balloon Catheters Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Balloon Catheters Market refers to the industry focused on medical devices used to open narrowed or blocked blood vessels. These catheters have a small balloon at the tip that inflates to widen vessels, restore blood flow, or deliver treatments. Commonly used in procedures like angioplasty, they play a key role in cardiovascular and other minimally invasive surgeries.

List of the Key Players in the Balloon Catheters Market:

Biomerics, Boston Scientific Corporation, A.V medical, Teleflex Medical, Johnson & Johnson, Medtronic, Inc, MicroPort Scientific Corporation, Vascular Solutions, Inc, Abbott Laboratories, BIOTRONIK SE & Co. KG and Nordson.

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Market Dynamics:

Increasing incidences of cardiac diseases coupled with technological advancements are expected to drive market growth

According to the Coronary Artery Disease among Asian Indians (CADI) Research Foundation, India sees about 60,000 coronary artery bypass surgeries performed every year. With Asian Indians making up roughly 20% of the global population and having some of the highest rates of coronary artery disease (CAD), it's no surprise that this number is steadily climbing. The rise is largely fueled by an aging population and the growing prevalence of diabetes and high cholesterol.

On the brighter side, technology is stepping up to the challenge. Continuous innovations are transforming heart care, leading to better outcomes for patients. For example, in April 2021, Cardiovascular Systems introduced advanced peripheral balloon catheters designed to tackle complex lesions. Companies are also pouring resources into research and safety studies, often backed by government support. A case in point: in April 2022, Terumo Corporation kicked off patient enrolment for a study on its latest Bobby Balloon Guide Catheter, aiming to further push the envelope in cardiac care.

Growth Forecast Projected:

The Global Balloon Catheters Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Balloon Catheters Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Balloon Catheters Market:

By Product Type: Normal balloon catheter, Cutting balloon catheter, Scoring balloon catheter, Drug-eluting balloon catheter, Stent graft balloon catheter.

By Material Type: Polyurethane, Nylon, Others.

By Disease Indication: coronary artery disease, Peripheral vascular disease.

By End User: Ambulatory Surgical Centers, Hospitals, Cardiac Catheterization Laboratories, Others.

Regional Analysis for Balloon Catheters Market:

The regional analysis of the Balloon Catheters Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Balloon Catheters market?

➠ Who are the leading manufacturers in the global Balloon Catheters industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Balloon Catheters industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Balloon Catheters market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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