Global Balloon Catheters Market – Insights
Balloon catheter is used to remove the blockage or open the narrowed coronary arteries caused by coronary arteries disease. The flexible device has a balloon at its tip that can be inflated or deflated when the catheter is in place to create or enlarge a passageway. The device is used in renal denervation, cryoablation, drug delivery, perfusion, and atherectomy.
The global balloon catheters market was valued at US$ 11,463.0 million in 2018, and is expected to exhibit a CAGR of 5.3% during the forecast period (2019 – 2027).
Browse Research Report @ https://www.coherentmarketinsights.com/market-insight/balloon-catheters-market-489
Global Balloon Catheters Market: Drivers
Increasing prevalence of heart-related disorders is expected to boost growth of the global balloon catheters market over the forecast period. For instance, according to The Heart Foundation, 2015, coronary artery disease causes around 380,000 deaths, annually in the U.S. According to the same source, around 720,000 people suffer from heart attacks, annually and among these, 205,000 encounter repetitive cases of heart attack and 515,000 people suffer from a first incidence of heart attack in the U.S.
Moreover, increasing R&D of new products is also expected to boost growth of the global balloon catheters market over the forecast period. For instance, in February 2016, Nipro North America, a division of Nipro Medical Corporation, launched Cronus HP high-pressure, 0.035”, an over-the-wire percutaneous transluminal angioplasty balloon catheter. Moreover, in April 2015, Biotronik launched Pantera Pro, a semi-compliant coronary balloon dilatation catheter.
Global Balloon Catheters Market: Restraints
A major factor hindering growth of the global balloon catheters market is increasing product recall. For instance, in September 2019, Medtronic Plc. announced voluntary recall of certain balloon dilation catheters such as Euphora and Solarice semi-compliant rapid exchange balloon dilatation catheters that have proven to be difficult to remove from patients’ bodies, owing to their slightly higher diameter.
Global Balloon Catheters Market- Regional Analysis
North America is expected to hold dominant position in the global balloon catheters market over the forecast period. This is attributed to increasing approval and launch of new products in the region. For instance, In June 2017, OrbusNeich, a medical device company, launched its Sapphire percutaneous coronary angiography balloon dilatation catheters (Sapphire II PRO and Sapphire NC Plus) after receiving 510k clearance by the U.S. FDA.
To learn more about this report, request a sample copy*
* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/489
High presence of major market players such as Terumo Corporation, Kaneka Corporation, and BrosMed Medical and increasing product development and launch activities are expected to boost growth of the market in Asia Pacific. For instance, in November 2017, Kaneka Corporation, a company based in Minato, Tokyo, launched a high-pressure balloon catheter, SHIDEN HP. The novel SHIDEN HP is used for enlarging a blood vessel at high pressure for calcified lesions due to progressed peripheral arterial disease (PAD). Moreover, in August 2017, BrosMed Medical received Japan Pharmaceuticals and Medical Devices Agency (PMDA) approval for its Artimes and Apollo Percutaneous transluminal coronary angioplasty (PTCA) balloons. Artimes is a semi-compliant pre-dilatation PTCA balloon and Apollo is a non-complaint high pressure post-dilatation PTCA balloon.
High incidence of cardiovascular diseases (CVD) is expected to propel growth of the market in Europe. For instance, according to the European Heart Network AISBL, in 2015, there were around 11.3 million new cases of CVD diagnosed in Europe and 6.1 million new cases of CVD diagnosed in the European Union.
Browse Press Release: http://bit.ly/34Wm989
Global Balloon Catheters Market: Competitive Landscape
Major players in the market are focused on adopting collaboration strategies to expand their product portfolio. For instance, in September 2014, NATEC Medical Ltd. collaborated with US Endovascular LLC, a medical device company, to deliver the range of PTA balloon catheters, developed by the US Endovascular, in the U.S. market. The PTA balloon platforms includes balloon catheters such as USE 014” Rapid Exchange (Rx) and Over the Wire (OTW), USE018” OTW, and USE 035” OTW.
Key players operating in global balloon catheters market include, Boston Scientific Corporation, Bard Medical Division, B. Braun Melsungen AG, Abbott Laboratories, Becton Dickinson and Company, Johnson & Johnson, Teleflex Incorporated, Medtronic, Plc, Edwards Lifesciences Corporation, and Vascular Solutions, Inc.
Access research reports that are tailored specifically for you and your organization in order to explore practical growth strategies and recommendations
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/489
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027