Balloon Catheters Market to Surpass US$ 5.5 Billion Threshold by 2025, with North America positioned as Growth Engine
Balloon catheter is a flexible device with a balloon at its tip, which may be inflated or deflated when the catheter is in place to create or enlarge a passageway, also it is used to remove the blockage or to open the narrowed coronary arteries caused by coronary arteries disease. Furthermore, the balloon catheters have other applications such as are used in renal denervation, cryoablation, drug delivery, perfusion, and atherectomy.
The global balloon catheters market was valued at US$ 2833.4 million in 2016 and is expected to witness a robust CAGR of 7.7% during the forecast period (2017 – 2025).
Request a sample copy of this report: https://www.coherentmarketinsights.com/insight/request-sample/489
Increase in coronary artery disease prevalence and preference for minimally invasive procedure expected to favor the growth of balloon catheters market in the near future
North America accounts for the largest share in the global balloon catheters market, followed by Europe. This is mainly attributed to rapidly aging population, increase in incidence rate of diabetes and increase in number of heart attack and coronary artery disease cases in this region. As per the stats published by Centers for Disease Control and Prevention (CDC), in 2012, around 29.1 people were living with diabetes in the U.S. Furthermore, in 2012, 1.7 million people were newly diagnosed for diabetes in U.S.
The balloon catheters market is expected to show high growth rate in Asia-Pacific region over the forecast period supported by increase in prevalence rate of lifestyle disease such as diabetes. According to World Health Organization (WHO), in 2016, around 110 million people were living with diabetes in China and this number is expected to reach 150 million in 2040 due to unhealthy habits and lack of physical activity.
Also, the increase in minimally invasive procedure expected to raise the demand for balloon catheters in developed and emerging regions during forecast period, as minimally invasive treatment help patients to get cure rapidly, helps to avoid open heart surgery and also prevent loss of blood during surgery.
Also, the minimally invasive procedures takes less time to perform the surgery and patient can be released from hospital on same day of surgery. This helps to patient to start their daily routine early as compare to open heart surgery also it reduces the chances of complexity occurs after the surgery.
Increase in coronary artery disease cases worldwide followed by heart surgery procedures expected to fuel the growth of balloon catheters market
As per The National Health Service (NHS), in England around 20,000 coronary artery bypass surgery performed yearly to divert and improve blood and oxygen supply from narrowed part of arteries. Also as per CADI (Coronary Artery Disease among Asian Indians) Research Foundation, around 60,000 coronary artery bypass surgery performed in India annually and the number is expected to grow year on year due to increase in aging population with unhealthy habits, diabetes cases and increase in blood cholesterol level.
Request for Customization: https://www.coherentmarketinsights.com/insight/request-customization/489
Some major players operating in balloon catheters market are Abbott Laboratories, Becton Dickinson And Company, Boston Scientific Corporation, Bard Medical Division, B. Braun Melsungen AG, Johnson & Johnson, Teleflex Incorporated, Medtronic, Plc, Edwards Lifesciences Corporation, OrbusNeich and Vascular Solutions, Inc.
Few growth restraining factors are the rarity of health insurance in emerging countries such as India making this procedure beyond the reach of people who are living in rural area and lack of awareness about invasive treatment for heart surgery among patients living with heart related disease limiting the growth of balloon catheters market.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Balloon Catheters Market to Surpass US$ 5.5 Billion Threshold by 2025, with North America positioned as Growth Engine here
News-ID: 596202 • Views: 163
More Releases from Medical Devices Industry
Cataract Surgery Devices Market - Global Industry Insights 2017 - 2025
Increasing incidence and prevalence of ocular diseases to propel the growth of global cataract surgery devices market Increasing prevalence of the ocular disorders is the major driver for the growth of global cataract surgery devices market. This disease is prevalent worldwide and is the major cause of blindness across the globe. According to All About Vision Media, A National Supporter and Sponsor of Optometry Giving Sight, cataract is the principle cause
Particulate Respirators Market Evolving Industry Trends and key Insights by 2020
Patient suffering from SARS or their surrounding people are the target population for particulate respirators Particulate respirators are medical devices, which helps to protect one from harmful particles present in the air or dust or harmful fumes. Such harmful dust usually spread through severe acute respiratory syndrome (SARS). SARS is a respiratory syndrome commonly spread among symptomatic individuals, by person-to-person contact, or when the person sneezes or coughs, thereby infecting
Sleeping Aids Market - Global Industry Insights, Trends, Outlook, and Opportunit …
Sleeping aids, also known as hypnotics are sleeping pills or devices, which are used to induce sleep. It is used in the treatment of various sleeping disorders such as narcolepsy, sleep apnea, and insomnia, which are caused due to factors such as psychiatric disorders (Depression and anxiety), environmental problems (light, noise and extreme temperatures) medical issues (asthma) and others. Sleeping aid medications include non-benzodiazepines, antidepressants, and antipsychotics for the treatment
Organ Preservation Market - Global Industry Insights, 2017-2025
Organ preservation involves removal of organs from the bodies, which are then stored for transplantation. Organ preservation systems are exclusively prepared and maintained according to the biological environment (temperature and oxygen) needed to store particular organs. Different body organs require specific and suitable storage conditions to maintain their anatomical and physiological processes. Important parameters in organ preservation include delivering of high quality organs to the donors, matching the patient and
More Releases for Balloon
Foil Balloon & Latex Balloon Global Market 2019: Key Players – Gemar Balloons, …
Foil Balloon & Latex Balloon Industry Description Wiseguyreports.Com Adds “Foil Balloon & Latex Balloon -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database The global Foil Balloon & Latex Balloon market will reach xxx Million USD in 2018 and CAGR xx% 2018-2023. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Foil Balloon &
Balloon Catheter Market Report 2018: Segmentation by Product (Normal Balloon Cat …
Global Balloon Catheter market research report provides company profile for B. Braun Melsungen, Jotech, QX Medical, Meril Life, Hexacath, Boston Scientific, Medtronic, Terumo Corporation, MicroPort Scientific Corporation and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
Ptca Balloon Catheter Market Forecast By 2021
Percutaneous transluminal coronary angioplasty (PTCA) refers to a minimally-invasive procedure for opening blocked or narrowed coronary arteries caused by coronary arteries disease (CAD). PTCA balloon catheters help to allow the blood to flow from the arteries to the heart muscles without the need for open heart surgery. Coronary heart disease is caused by smoking, high blood pressure, diabetes, and a high level of cholesterol in the blood. Some of the
Global Balloon And Dirigible Market 2017-2025
IndexBox has just published a new report "World: Balloons And Dirigibles; Gliders, Hang Gliders And Other Non-Powered Aircraft - Market Report. Analysis and Forecast to 2025" ( http://www.indexbox.co.uk/store/world-ballasts-for-discharge-lamps-or-tubes-market-report-analysis-and-forecast-to-2020?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed
Global Balloon And Dirigible Market, 2025
IndexBox has just published a new report "World: Balloons, Dirigibles And Other Non-Powered Aircraft - Market Report. Analysis and Forecast to 2025" ( no link?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the
Intra-aortic Balloon Pump (IABP)
The Intra-aortic balloon pump (IABP) is a mechanical device that increases myocardial oxygen perfusion while at the same time increasing cardiac output. Increasing cardiac output increases coronary blood flow and therefore myocardial oxygen delivery. It consists of a cylindrical polyethylene balloon that sits in the aorta, approximately 2 centimeters (0.79 in) from the left subclavian artery and counterpulsates. That is, it actively deflates in systole, increasing forward blood flow by