Coronary Balloon Products Market Know the Scope and Trends

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Coronary Balloon Products Market- (By Product (PTAC balloon, Nc balloon), By Material (Compliant Balloons, Non-Compliant, Semi-Compliant), By End-User (Hospitals, Cardiac Centres, Ambulatory Surgical Centres)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Coronary Balloon Products Market is valued at US$ 960.85 Mn in 2022, and it is expected to reach US$ 1188.30 Mn by 2031, with a CAGR of 2.5% during a forecast period of 2023-2031.

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Angioplasty, a minimally invasive endovascular procedure, includes Coronary Balloon Products and Percutaneous Transluminal Angioplasty (PTA) to restore blood flow by addressing restricted or blocked arteries. During the procedure, balloon-tipped catheters, known as angioplasty balloons, are used to compress plaque against the arterial walls, facilitating improved circulation.

In recent times, hospitals have reallocated staff resources from cardiac departments to critical areas such as emergency departments (ED) and intensive care units (ICU). This shift has influenced market growth; however, while a temporary slowdown is anticipated, the market is expected to experience substantial long-term expansion. Despite this positive outlook, factors such as the high cost of angioplasty procedures and potential post-operative complications may pose challenges to market growth.

List of Prominent Players in the Coronary Balloon Products Market:
• Abbott Laboratories,
• Angiodynamic
• Becton Dickinson
• Biotroni
• Boston Scientific Corporation
• Braun Melsungen AG
• Cook Medical
• Cordis, Endocor GmbH
• Infinity Angioblast balloon
• Johnson & Johnson
• Koninklijke Philips N.V
• Medtronic plc
• Merit Medical System, Inc
• Oscor Inc
• Terumo Corporation.

Market Dynamics:
Drivers-
Coronary Balloon Products have become the preferred treatment for patients with coronary and peripheral artery diseases, replacing open surgery due to the increasing prevalence of cardiovascular diseases (CVD) and the growing preference for minimally invasive procedures. With the rising global burden of cardiovascular conditions, there is a critical need for precise treatment solutions that offer high success rates.

The market for angioplasty balloons is expanding due to factors such as the aging population and the increasing incidence of lifestyle-related diseases. As the global population continues to age, the prevalence of chronic conditions, particularly cardiovascular diseases, is expected to rise, leading to a higher number of hospital admissions and surgical procedures.

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Challenges:
Limited awareness and understanding of Coronary Balloon Product procedures among patients and healthcare providers may result in underutilization and slower adoption rates. Moreover, reimbursement policies vary across healthcare systems and regions, and in some cases, coverage may be insufficient, limiting patient access to these treatments.
The successful execution of Coronary Balloon Product procedures requires specialized skills and experience from interventional cardiologists. In regions with a shortage of trained professionals, the adoption of these procedures may be hindered.

Regional Trends:
North America is expected to hold a substantial share of the Coronary Balloon Products market, driven by factors such as population growth, rapid urbanization, industrial expansion, and significant research and development initiatives by key industry players. Similarly, Europe commands a notable market share, supported by its well-established healthcare infrastructure, which includes a comprehensive network of hospitals, clinics, and specialized cardiac care centers. This advanced healthcare system ensures widespread accessibility and availability of Coronary Balloon Products and related medical services, contributing to market expansion in the region.

Recent Developments:
• In July 2021, Medtronic has just unveiled the PrevailTM drug coated balloon (DCB) Catheter in Europe subsequent to obtaining the CE (Conformité Européene) designation. The Prevail DCB, a recently developed coronary drug-coated balloon (DCB), was employed in percutaneous coronary intervention (PCI) interventions for the management of stenotic or occluded coronary arteries in individuals diagnosed with coronary artery disease (CAD).
• In November 2020, Infinity Angioplasty Balloon Co. unveiled its ground-breaking angioplasty balloon platform, the Infinity Angioplasty Balloon Catheter, after completing a first-in-human clinical trial.

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Segmentation of Coronary Balloon Products Market-
By Product-
• PTAC balloon
• Nc balloon
By Material-
• Compliant Balloons
• Non-Compliant
• Semi-Compliant
By End-User
• Hospitals
• Cardiac Centres
• Ambulatory Surgical Centres
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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