Balloon Catheter Market

Balloon Catheter Market: Drug Eluting Balloon Catheter Segment to Expand at a CAGR of 20.0%: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • 2016-09-26
  • REP-GB-1916
  • 263 pages
  • PDF PPT EXCEL
Balloon Catheter Market

An Incisive, In-depth Analysis on the Balloon Catheter Market

This study offers a comprehensive, 360 degree analysis on the Balloon Catheter market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Balloon Catheter market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Balloon catheter is an innovative medical device that comprises guidewire and catheter, which is inserted into the femoral artery in the leg or sometimes into the radial artery in the arm to treat constricted blood vessels. These products are generally used to prevent blood vessel constriction caused due to atherosclerosis – deposition of lipid substances in the blood vessel. In terms of revenue, the global balloon catheter market is projected to expand at a CAGR of 3.8% during the forecast period and is expected to be valued at US$ 4,191.7 million by the end of 2026. The global balloon catheter market is expected to represent US$ 1,304.3 Mn in terms of incremental opportunity between 2016 and 2026.

The global balloon catheter market is segmented on the basis of product type (Normal Balloon Catheter, Cutting Balloon Catheter, Scoring Balloon Catheter, Drug Eluting Balloon Catheter, Stent Graft Balloon Catheter); disease indication (Coronary Artery Disease, Peripheral Vascular Disease); raw material (Polyurethane, Nylon, Others); and end user (Public Hospitals & Private Hospitals, Ambulatory Surgical Centres, Cardiac Catheterisation Laboratories). The drug eluting balloon catheter segment is expected to expand at a significant CAGR of 20.0% over the forecast period owing to the unique benefits offered by these balloon catheters in the treatment of Coronary Artery Disease (CAD). The stent graft balloon catheter segment is expected to expand at a CAGR of 4.0% in terms of value over the forecast period.

Factors and trends impacting the market

The global market for balloon catheters is expected to witness moderate growth rate in terms of value owing to increasing prevalence of cardiovascular diseases and growing number of cardiology intervention procedures globally. Moreover, growing healthcare expenditure and reimbursement support for vascular disorders, increasing geriatric population, introduction of next generation drug eluting balloon catheters, and increasing research and development activities for multipurpose balloon catheters is creating high potential growth opportunities for players operating in the global balloon catheter market.

A high cost of coronary angioplasty and stenting treatment and risk of infection and artery collapse associated with balloon catheterisation is likely to hinder market growth over the forecast period.

The global balloon catheter market is likely to witness some key trends influencing the market in the next 10 years. Growth in interventional cardiology is facilitating the use of advanced balloon catheters such as drug eluting balloon catheters. Also, the prevalence of patients suffering from end stage renal disease and an increasing number of patients undergoing renal replacement therapy is likely to increase the use of balloon catheters for treatment. Further, the manufacturing of low cost balloon catheters and adoption of capacity expansion is expected to provide key opportunities for the growth of the global balloon catheter market.

Regional market projections

The global balloon catheter market is segmented into seven key regions – North America, Latin America, Western Europe, Eastern Europe, APEJ,     Japan, and MEA. Revenue from the balloon catheter market in APEJ is expected to expand at a relatively higher CAGR (4.2%) due to an increase in the elderly population in countries such as China and India. The APEJ market is expected to account for 20.8% revenue share in the global balloon catheter market by 2026. North America is expected to be most attractive market in the global balloon catheter market over the forecast period and is estimated to account for 32.2% revenue share in 2016. Revenue from the Japan balloon catheter market is anticipated to expand at a CAGR of 3.9% from 2016 to 2026.

balloon catheter market

Key players

Boston Scientific Inc., Medtronic, Terumo Corporation, MicroPort Scientific Corporation, B. Braun Melsungen AG, Jotech GmbH, QX Medical LLC, Meril Life Pvt. Ltd., Hexacath, Abbott Laboratories, Tokai Medical Products Inc., Biosensors International Ltd., Cook Medical Inc., Cardionovum GmbH, Cordis Corporation, and Biotronik Inc. are the leading companies operating in the global balloon catheter market.

Future Market Insights presents a 10-year forecast of the global balloon catheter market in a newly published report. The primary objective of the report is to offer updates and information related to market opportunities in the global balloon catheter market. The report also offers insights on key market dynamics likely to influence growth of the global balloon catheter market over the forecast period. Insights on key trends, drivers, restraints, value forecasts, and opportunities for companies operating in the global balloon catheter market are also presented in the report.

To understand and assess opportunities in this market, the report offers market forecast on the basis of product type, disease indication, raw material, end user, and region. The report provides analysis of the global balloon catheter market in terms of market value.

By Product

By Disease Indication

By Raw Material

By End User

By Region

  • Normal Balloon Catheter

  • Cutting Balloon Catheter

  • Scoring Balloon Catheter

  • Drug Eluting Balloon Catheter

  • Stent Graft Balloon Catheter

  • Coronary Artery Disease

  • Peripheral Vascular Disease

  • Polyurethane

  • Nylon

  • Others

  • Hospitals

  • Public Hospitals

  • Private Hospitals

  • Ambulatory Surgical Centres

  • Cardiac Catheterisation Laboratories

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

Market segmentation

The report begins with the market definition, followed by definitions of the different balloon catheter product types. The market dynamics section includes an in-depth analysis of the key trends, drivers, restraints, opportunities, and other macro-economic factors influencing the growth of the global balloon catheter market over the forecast period. The subsequent sections of the report analyse the market on the basis of product type, disease indication, raw material, end user, and region and present a comprehensive forecast in terms of value for the next 10 years.

In the final section of the report, a competitive landscape has been included to provide a dashboard view of key companies operating in the global balloon catheter market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global balloon catheter market and the potential players. This section also includes market strategies and a detailed SWOT analysis of the main players operational in the global balloon catheter market. Detailed profiles of balloon catheter product manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies.

Leading companies profiled in the report are Boston Scientific Inc., Medtronic, Terumo Corporation, MicroPort Scientific Corporation, B. Braun Melsungen AG, Jotech GmbH, QX Medical LLC, Meril Life Pvt. Ltd., Hexacath, Abbott Laboratories, Tokai Medical Products Inc., Biosensors International Ltd., Cook Medical Inc., Cardionovum GmbH, Cordis Corporation, and Biotronik Inc. 

Research methodology

The report utilises in-depth primary and secondary research to ascertain the overall market size, top industry players, top products, industry associations, etc. The gathered data is then validated by the triangulation method and further scrutinised using advanced tools to obtain pertinent qualitative and quantitative insights. In addition, the report considers Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify growth opportunities for companies operating in the global balloon catheter market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity, typically overlooked while forecasting the market. Absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by players operating in the global balloon catheter market. To understand key segments in terms of their growth and performance in the global balloon catheter market, Future Market Insights has also developed a market attractiveness index to help providers identify existing market opportunities.

Balloon Catheter Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

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Pranay Mhaisekar

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