Global Advanced Balloon Catheter Market Size By Type (Nylon, PET (polyethylene terephthalate), Polyurethane), By Application (Coronary Procedures, Peripheral Procedures), By End User (Hospitals and Clinics, Ambulatory Surgical Centers), By Geographic Scope And Forecast
Report ID: 290001|No. of Pages: 202
Global Advanced Balloon Catheter Market Size By Type (Nylon, PET (polyethylene terephthalate), Polyurethane), By Application (Coronary Procedures, Peripheral Procedures), By End User (Hospitals and Clinics, Ambulatory Surgical Centers), By Geographic Scope And Forecast
Advanced Balloon Catheter Market Size And Forecast
Advanced Balloon Catheter Market size was valued at USD 2.71 Billion in 2021 and is projected to reach USD 6.08 Billion by 2030, growing at a CAGR of 9.5% from 2023 to 2030.
The common inflatable catheters have been used in the expanding field of interventional cardiology. Additionally, the proportion of people suffering from the end-stage renal disease is increasing. Additionally, there are now more individuals seeking treatment with renal substitution. The development of skillful and clever arrangements is what propels catheter device manufacturers. Over the coming years, these events might have an impact on how the market for regular inflatable catheters develops globally. The Global Advanced Balloon Catheter Market report offers a holistic evaluation of the market. The report provides a comprehensive analysis of key segments, drivers, restraints, trends, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=290001
Global Advanced Balloon Catheter Market Definition
A minimally invasive catheterization procedure uses an advanced balloon catheter with an inflatable “balloon” at its tip. This procedure is carried out to enlarge the vessel’s restricted opening. The deflated balloon is introduced into the restricted area, where it is briefly inflated before being deflated once more and removed. These balloons are offered in a variety of lengths, widths, and shapes, with each one corresponding to a particular section of the anatomy that a given balloon is intended to treat.
These balloon catheters can be used for one of two purposes treating peripheral vascular lesions. The clogged blood artery’s lumen can be widened as one potential remedy. This procedure is frequently referred to as “plain-old balloon angioplasty” (POBA). The second use for these stents is the use of expanding stents to treat vascular blockages. The two types of angioplasty balloon catheters are Over-the-Wire (OTW) and Rapid Exchange (Rx). Today, prescription catheters make up around 90% of the market for coronary intervention. Even though they have a longer deflation time and are harder to push, OTW Catheters are nevertheless beneficial in extremely complicated arterial routes.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=290001
Global Advanced Balloon Catheter Market Overview
The requirement for advanced balloon catheters is predicted to rise along with the prevalence of urological and cardiovascular diseases, which is predicted to drive the growth of the Advanced Balloon Catheter Market over the forecast period. Urological ailments include things such as problems affecting the prostate, kidney stones, and infections of the urinary tract.
Additionally, according to the World Health Organization (WHO), the majority of non-communicable disease-related deaths are brought on by cardiovascular problems. An estimated 17.9 million fatalities from cardiovascular illnesses were reported in 2016, which was 31% of all deaths recorded globally. Eighty-five percent of these deaths were caused by heart attacks and strokes. Therefore, it is projected that an increase in the prevalence of non-communicable diseases will raise the demand for catheters, which will in turn propel market expansion.
Modern technology can be beneficial. Additionally, the introduction of novel products and technological advancements, together with the ongoing increase in the frequency of cardiac illnesses and growing demand for advanced balloons, are projected to create new opportunities for the Global Advanced Balloon Catheter Market. The desire for minimally invasive procedures, an increase in mergers and acquisitions, an increase in collaborations and partnerships, and quick product releases are some of the most recent trends in the Global Advanced Balloon Catheter Market.
Global Advanced Balloon Catheter Market Segmentation Analysis
The Global Advanced Balloon Catheter Market is segmented on the basis of Type, Application, End User, and Geography.
Advanced Balloon Catheter Market, By Type
- Nylon
- PET (polyethylene terephthalate)
- Polyurethane
- Others
Based on Type, the market is divided into Nylon, PET (polyethylene terephthalate), Polyurethane, and Others. Nylon is expected to hold the largest market share. This is mainly because nylon, which is softer, folds more easily, and withdraws more quickly into the guiding catheter or introducer sheath, is used as the primary raw material in these devices.
Advanced Balloon Catheter Market, By Application
- Coronary Procedures
- Peripheral Procedures
- Others
Based on Application, the market is segmented into Coronary Procedures, Peripheral Procedures, and Others. Along with expanding uses of cardiology mediation techniques globally, the number of cardiovascular ailments has been on the rise. Some governments provide financial assistance to people with vascular diseases. The utilization of medical services has also increased. These factors might support the appeal of angioplasty catheters. Market trends will also be influenced by the introduction of innovative expandable catheters and an increase in research funding for the advancement of inflatable catheters with multiple practical applications.
Advanced Balloon Catheter Market, By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Catheterization Laboratories
Based on End User, the market is segmented into Hospitals and Clinics, Ambulatory Surgical Centers, and Catheterization Laboratories. The Hospitals and Clinics segment is expected to hold the largest market share. The growth of this market segment is primarily driven by the expansion of the patient pool and the rising demand for surgeries that are efficient and effective, with a quick recovery and a brief hospital stay.
Advanced Balloon Catheter Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Advanced Balloon Catheter Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will hold the greatest share of the market. A robust healthcare system, as well as a focus on the creation of cutting-edge equipment and improved patient diagnostics, all contribute to the region’s success. The market in this area is also gaining from an increase in the number of senior citizens and increased healthcare expenditures.
Key Players
The “Global Advanced Balloon Catheter Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Terumo Corporation, MicroPort, Scientific Corporation, B. Braun Melsungen AG, Meril Life Sciences Pvt. Ltd., Hexacath, Tokai Medical Products Inc.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments:
- In September 2020, Johnson and Johnson launched Cerenovus Stroke Solutions, which consists of a trio of tools to aid medical professionals in the clump evacuation technique.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Advanced Balloon Catheter Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Advanced Balloon Catheter Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2021 |
| Forecast Period | 2023-2030 |
| Historical Period | 2018-2020 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Terumo Corporation, MicroPort, Scientific Corporation, B. Braun Melsungen AG, Meril Life Sciences Pvt. Ltd. |
| Segments Covered | By Type, By Application, By End User, and By Geography. |
| Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Top Trending Reports:
Global Insoles Market Size And Forecast
Global Biodefense Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
