Balloon Catheters Market Expansion Projected to Gain an Uptick During 2017 - 2025

Balloon catheter is a delicate catheter device with an inflatable balloon at its tip which may be introduced into a duct or vessel and then blown up to clear the blockage. The balloon catheter is primarily used to treat heart related diseases, specifically coronary heart disease, caused due to diabetes, high blood pressure and high cholesterol level in blood. Utilization of these catheters has been consistently increasing in the health care industry and these devices have become an essential part of medical diagnostics and treatment.

Rise in prevalence of various chronic heart diseases due to high cholesterol or diabetes have increased demand for catheters in the health care industry. According to the World Health Organization, cardiovascular diseases accounted for over 17.7 million deaths in 2015; of these coronary heart disease accounted for around 7.4 million deaths. Furthermore, majority of the deaths occurred in emerging economies due to high prevalence rate and lack of health care services in rural areas. According to the United Nations Population Fund (2015), around 12.3% of the global population comprised people aged 60 years and above and this figure is projected to increase to 22% by 2050. Therefore, rise in geriatric population and demand for minimally invasive procedures are factors fueling the growth of the balloon catheters market in developed as well as in emerging economies. Recent advancements in cardiac procedures such as development of advanced cardiovascular catheter devices has fuelled the growth of the market. However, rise in incidence of catheter-associated infections restrains the market.

A sample of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=31328

The global balloon catheters market can be segmented based on product type, type of material, disease indication, and end-user. In terms of product type, the market can be classified into normal balloon catheter, scoring balloon catheter, cutting balloon catheter, stent graft balloon catheter, and drug eluting balloon catheter. Based on type of material, the balloon catheters market can be segmented into polyurethane, nylon, and other type of materials such as pebax. The polyurethane segment is expected to dominate the balloon catheters market in the near future. In terms of disease indication, the market can be segmented into coronary artery disease and peripheral vascular disease. Based on end-user, the balloon catheters market can be segmented into ambulatory surgical centers, hospitals, and cardiac catherization laboratories.

Geographically, the global balloon catheters market can be segmented into North America, Latin America, Europe, and Asia Pacific, and Middle East & Africa. North America is a leading market for balloon catheters and is expected to dominate the global market during the forecast period. Increased patient awareness, availability of advanced health care facilities and infrastructure, and health care expenditure are the major factors fueling the growth of the balloon catheters market in the region. Asia Pacific is also a major market for balloon catheters and is anticipated to expand at a high growth rate in the next few years. Ongoing improvements in health care infrastructure and growth of medical tourism across several developing economies contribute to the growth of the market in the region.

To view TOC of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=31328

Major players in the global balloon catheters market are Abbott Laboratories, Edwards Lifesciences Corporation, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Medtronic plc, MicroPort Scientific Corporation, Johnson & Johnson, Jotech GmbH, Teleflex Incorporated, and Vascular Solutions, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About US
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact US
Abhishek Budholiya
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Website: https://www.transparencymarketresearch.com/
Email: sales@transparencymarketresearch.com

This release was published on openPR.