Press release
Cutting Balloon Catheter Market Opportunities, Key Growth Factors, Ongoing Trends, Market Perspective and Forecast till 2022
Fact.MR
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Global sales of cutting balloon catheter is projected to remain weak over the next five years. This is majorly attributed to the introduction of superior alternatives for carrying out minimally invasive cardiovascular and endovascular procedures. An array of cutting-edge catheters are available in the market owing to continuous research and development activities in the medical technology space. Moreover, increasing occurrence of cardiovascular disorders is putting an impetus on further innovation in catheter devices. Therefore, medical device manufacturers are concentrating on making multipurpose balloon catheters that will not be limited to any particular application. These aforementioned factors are deterring the prospects of the global cutting balloon catheter market. According to the recent study conducted by Fact.MR, the global market for cutting balloon is estimated to stand at around US$ 181.6 Mn, reflecting a sluggish growth during the forecast period (2017-2022).
North America Spearheading the Global Cutting Balloon Catheter Market
The cutting balloon catheter market in North America is expected to remain attractive in 2017 and beyond. This is owing to existence of an advanced healthcare infrastructure coupled with the rising healthcare spending in countries such as the U.S. and Canada. Meanwhile, Europe is estimated to account for more than 30% revenue share of the market by 2017-end. The market in Asia-Pacific excluding Japan (APEJ) is projected to witness the higher CAGR during the forecast period.
On the basis of indication, the coronary artery disease cutting balloon catheter segment is projected to hold its dominant position over the assessment period. Currently, the segment accounts for close to 73% share of the market in terms of revenue. In addition, the segment is expected to reach a market valuation of over US$ 134 Mn towards the end of 2022.
Based on end user, the hospitals segment will retain its dominance over 2022. The segment is projected to surpass a valuation of US$ 121 Mn by the end of forecast period. The segment currently accounts for nearly 67% revenue share of the global market and is expected to create absolute $ opportunity of US$ 12 Mn from 2017 to 2022.
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Table of Content:
1. Global Cutting Balloon Catheter Market - Executive Summary
2. Global Cutting Balloon Catheter Market Overview
2.1. Introduction
2.1.1. Global Cutting Balloon Catheter Market Taxonomy
2.1.2. Global Cutting Balloon Catheter Market Definition
2.2. Global Cutting Balloon Catheter Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Cutting Balloon Catheter Market Y-o-Y Growth
2.3. Global Cutting Balloon Catheter Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Epidemiology
2.6. Product Mapping Behavior By Region
2.7. Average Pricing Analysis
2.8. Regulations
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Cutting Balloon Catheter Market Analysis and Forecast By Indication
3.1. Global Cutting Balloon Catheter Market Size and Forecast By Indication, 2012-2022
3.1.1. Coronary Artery Disease Cutting Balloon Catheter Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Peripheral Vascular Disease Cutting Balloon Catheter Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continued….
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Healthcare market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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Dublin 2, Ireland
Telephone: +353-1-6111-593
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