Angioplasty Balloons Market Overview
Angioplasty balloons are made from nylon, silicone urethane, and polyurethane polymers, used for widening the clogged blood vessels during the surgeries. Once the angioplasty balloons are inserted into the blocked vessels, they are inflated to flatten the plaque and make way for blood to run normally. Due to unhealthy lifestyles and habits, the number of artery diseases is increasing, which has provided an instant boost to this market and is growing steadily. The increase in geriatric populations, high cholesterol cases, and obesity have added to the tally of this market.
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As technology advanced, the demands for minimally invasive techniques are increasing, which has increased the usage of this procedure, providing a necessary lift to this market. Angioplasty balloons have overtaken the traditional angioplasty procedures, as they have high success rates and are minimally invasive. The companies are investing in research & development programs which have exerted extra load on the market players but will be beneficial in future aspects.
Apart from the uses and features, the global angioplasty balloon market faces severe challenges from the increasing product defects leading to recalls, and complicated procedures are affecting the market, leading to limited growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global angioplasty balloons market. The global market is anticipated to register approximately a 05 % annual growth during this period.
Angioplasty Balloons Market Division
The global angioplasty balloons market is segmented into classes as follows:
The global angioplasty balloons market is segmented by cutting balloons, normal balloons, scoring balloons, and drug-eluting balloons based on products.
The global angioplasty balloons market is segmented by peripheral artery disease and coronary artery disease based on applications.
Based on end-users, the global angioplasty balloons market is segmented among ambulatory surgical centers, cardiac catheterization labs, and hospitals.
Angioplasty Balloons Market Regional Classification
The angioplasty balloon market has gained global adoption due to its rising demand for minimally invasive surgical procedures and better medical alternatives. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global angioplasty balloons market. The North American region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, a well-established healthcare system, demands for better surgical procedures, and other factors. The Asia Pacific region will register the fastest growth rates due to the vast population covers, rapid urbanization, fast-developing healthcare systems, increasing healthcare issues, and other factors.
Industry News
The global angioplasty balloons market has gained pace since its introduction as it is a better technique and has higher success rates. The peripheral artery disease and drug-eluting balloon segments will register the fastest growing and are expected to lead the market. The North American region leads the global market currently and will maintain its lead during this period. In contrast, the Asia Pacific region will file the fastest growth rates due to the rapid development of activities and a huge population.
Key Players
- Abbott (US)
- Braun Melsungen AG (Germany)
- R. Bard (BD) (US)
- Biotronik SE & Co. KG (Germany)
- Boston Scientific Corporation (US)
- Cordis (Cardinal Health) (US)
- Cook (US)
- Koninklijke Philips N.V. (Netherlands)
- Medtronic (Ireland)
- Terumo Medical Corporation (Japan)
- Endocor (Germany)Top of Form
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