Advanced Balloon Catheter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Raw Material Type (Nylon, PET, Polyurethane, Others), By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, and Other Procedures), End Users (Hospitals and Ambulatory Surgical Centers, Catheterization Laboratories, and Others), By Region, and Competition

  • Industry : Healthcare
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Summary

Report Description

The Global Advanced Balloon Catheter Market is anticipated to witness a growth of steady CAGR in the forecast period, 2024-2028. This can be ascribed to the rising prevalence of different chronic heart diseases and growing geriatric populations across the region. The increasing demand for minimally invasive procedures in emerging countries and the development of advanced cardiovascular devices will further enhance the overall market demand for balloon catheters during the forecast period. The other factors supporting the market’s growth are the growing incidence of cancers in the pelvic region affecting the urinary system along with the technical development of drug-coated balloon catheters aimed at drug delivery at the site of action is expected to propel the growth of the market. Moreover, the rise in the research and development activities in the medical sector and the rise in the adoption of various new technology are the contributing factors to the growth of the market. As people age, they become more susceptible to cardiovascular diseases and other medical conditions that can be treated with balloon catheters. This has led to an increase in the number of people requiring medical treatment, which in turn has driven the demand for advanced balloon catheters.

The development and commercialization of advanced balloon catheters require regulatory approval from government agencies such as the FDA in the United States and the European Medicines Agency (EMA) in Europe. The approval process can be time-consuming and costly, and failure to obtain regulatory clearance can delay product launch and affect market penetration. Advanced balloon catheters face stiff competition from alternative treatment options such as stents, drug-eluting stents, and bypass surgery. These alternative treatments may offer better clinical outcomes, lower costs, or both, and may limit the adoption of advanced balloon catheters in certain patient populations. The reimbursement landscape for advanced balloon catheters is complex and varies by region and payer. Some insurance companies may not cover the full cost of the procedure, which can limit patient access and adoption of the technology. The successful use of advanced balloon catheters requires skilled healthcare professionals with specialized training and experience. The shortage of trained professionals can limit the adoption of the technology in certain regions or healthcare systems. Advanced balloon catheters have been subject to several product recalls and safety concerns in recent years. These incidents can damage the reputation of manufacturers and lead to reduced consumer confidence and adoption of the technology. As healthcare infrastructure continues to improve globally, there is an increase in access to healthcare services, which includes catheterization procedures. With an aging population, there is an increase in the number of individuals with chronic medical conditions such as urinary incontinence or bladder dysfunction. Catheters are often used to manage these conditions.

Increasing prevalence of cardiovascular diseases across the globe

The increasing prevalence of coronary heart disease and deaths occurring in emerging countries due to a lack of health care services in rural areas is expected to create lucrative growth during the forecast period. According to the Central For Diseases Control, Every year, about 805,000 people in the United States have a heart attack and about 1 in 5 heart attacks are silent, the damage is done, but the person is not aware of it. Similarly, increasing need for surgical intervention for the treatment of cardiovascular disorders enhances the demand for Percutaneous Transluminal Angioplasty (PTA) balloon catheters during the forecast period. According to a research article published by the NCBI in 2018, more than 200 million people suffer from Peripheral Artery Disease (PAD) across the globe. Cardiovascular diseases are the leading cause of death globally, accounting for 17.9 million deaths each year, according to the World Health Organization (WHO). This has led to an increased demand for effective and minimally invasive treatment options, such as balloon catheters. Lack of physical activity is a major contributor to the increasing prevalence of cardiovascular diseases. Sedentary lifestyles lead to obesity, high blood pressure, and high cholesterol levels, all of which increase the risk of cardiovascular disease. Poor diet, high in saturated and trans fats, salt, and sugar, can increase the risk of developing cardiovascular diseases. These diets are often low in fiber, vitamins, and minerals, which are essential for good heart health. Smoking is a leading cause of cardiovascular diseases, as it damages the blood vessels and increases the risk of atherosclerosis (hardening of the arteries). Chronic stress can contribute to high blood pressure, which increases the risk of developing cardiovascular diseases. Some people may be genetically predisposed to developing cardiovascular diseases due to inherited conditions such as familial hypercholesterolemia. As we age, our risk of developing cardiovascular diseases increases. This is due to changes in the blood vessels and heart, which can make them less efficient and more prone to damage. Minimally invasive procedures are becoming increasingly popular among patients due to their reduced recovery time and lower risk of complications. This has led to an increase in the use of advanced balloon catheters, which are minimally invasive and effective in treating a wide range of medical conditions.

Advancements in surgical procedure propel the market growth

Growing demand for angioplasty over conventional surgery has gained a significant preference among patients due to its minimally invasive procedure and better outcomes which are expected to create lucrative growth during the forecast period. Peripheral artery diseases majorly include this procedure for the use of catheters to clear blocked arteries. Similarly, the growing demand for minimally invasive surgeries along with increasing the number of catheterization laboratories across the region is expected to create lucrative growth during the forecast period. Also, growing initiatives and investments by government and private organizations for the development of healthcare infrastructure in underdeveloped regions will further propel the market growth during the forecast period. According to the American Cancer Society’s estimates for bladder cancer in the United States for 2022 are about 81,180 new cases of bladder cancer (about 61,700 in men and 19,480 in women) and about 17,100 deaths from bladder cancer (about 12,120 in men and 4,980 in women). Drug-eluting balloon catheters are becoming increasingly popular due to their ability to prevent restenosis, which is the narrowing or re-closing of an artery after treatment. This has led to an increase in demand for these catheters, which is expected to drive the growth of the global advanced balloon catheter market. Companies are investing heavily in research and development to create new and innovative balloon catheters that are more effective and easier to use than previous models. This has led to the development of advanced balloon catheters that are designed to be more flexible, durable, and easier to maneuver during medical procedures.

Favourable Reimbursement Landscape in Developed Economies Foster the Market Growth

In the developing region, the reimbursement procedure depends on the citizen’s fulfilment of the prerequisites documents so some developing countries like the U.S, the UK, Canada, and Japan have this procedure which will enhance the growth of the healthcare sector during the forecast period. However, different private insurance company also provide the reimbursement procedure for patients other than angioplasties procedures like kyphoplasty and sinuplasty are also reimbursed which will boost the market growth over the years. However, in Europe, in the case of usage of advanced balloon catheters, like drug-coated balloon catheters for a procedure, additional reimbursement is also offered considering the high cost of the device. Thus, the favourable reimbursement landscape for angioplasties and other balloon catheter procedures will significantly impact the sales of advanced balloon catheters. Companies are increasingly collaborating with healthcare providers, academic institutions, and other organizations to develop new technologies and improve patient outcomes. These partnerships allow for greater access to funding, expertise, and resources, leading to faster development and commercialization of advanced balloon catheter technologies.

Recent Developments

  • In September 2021, Philips acquired Intact Vascular, a medical device company that specializes in the development of balloon catheter technologies for peripheral artery disease (PAD). The acquisition is expected to complement Philips' existing portfolio of imaging and diagnostic tools for cardiovascular diseases.
  • In October 2019, Teleflex acquired Z-Medica, a medical device company that specializes in the development of hemostatic technologies for trauma and surgical applications. The acquisition included Z-Medica's line of resuscitation catheters, which are used to restore blood flow to blocked vessels.
  • In July 2019, Merit Medical acquired Vascular Insights, a medical device company that specializes in the development of interventional radiology technologies. The acquisition included Vascular Insights' line of advanced balloon catheters for the treatment of peripheral artery disease.
  • In December 2018, Boston Scientific acquired NxThera, a medical device company that specializes in the development of minimally invasive therapies for urologic diseases. The acquisition included NxThera's Rezum system, which uses water vapor therapy delivered via balloon catheter to treat benign prostatic hyperplasia (BPH).
  • In February 2019, B. Braun acquired NxStage Medical, a medical device company that specializes in the development of renal care technologies. The acquisition included NxStage's line of advanced catheters for hemodialysis access, which are used to create vascular access for patients with end-stage renal disease.


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Market Segmentation

The global advanced balloon catheter market is segmented into raw material type, application, end users, and region. Based on raw material type, the market can be segmented into Nylon, PET, Polyurethane, and Others. Based on the application, the market can be segmented into Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, and Other Procedures. Based on end users, the market can be differentiated into Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, and Others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the growing demand for advanced technology used for the treatment of cardiovascular diseases in the country.

Recent Development

  • According to a press release, Advance Serenity is a hydrophilic-coated angioplasty balloon catheter designed to meet the technical needs of clinicians for treatment of patients who suffer from Peripheral Artery Disease (PAD) which includes below-the-knee disease.

Market Players

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. are some of the leading players operating in the global advanced balloon catheter market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         By Raw Material Type

·         By Application

·         By End User

·         By Region

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global advanced balloon catheter market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Advanced Balloon Catheter Market, By Raw Material Type:

o    Nylon

o    PET

o    Polyurethane

o    Others

  • Advanced Balloon Catheter Market, By Application:
    • Coronary Procedures
    • Peripheral Procedures
    • Neurovascular Procedures
    • Other Procedures
  • Advanced Balloon Catheter Market, By End-Users:
    • Hospitals and Ambulatory Surgical Centers
    • Catheterization Laboratories
    • Others
  • Advanced Balloon Catheter Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Advanced Balloon Catheter Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Advanced Balloon Catheter Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.           Markets Covered

1.2.2.           Years Considered for Study

1.2.3.           Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Advanced Balloon Catheter Market Outlook

5.1.  Market Size & Forecast

5.1.1.           By Value

5.2.  Market Share & Forecast

5.2.1.           By Raw Material Type (Nylon, PET, Polyurethane, Others)

5.2.2.           By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures)

5.2.3.           By End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others)

5.2.4.           By Region

5.2.5.           By Company (2022)

5.3.  Market Map

6.    North America Advanced Balloon Catheter Market Outlook

6.1.  Market Size & Forecast          

6.1.1.           By Value

6.2.  Market Share & Forecast

6.2.1.           By Raw Material Type (Nylon, PET, Polyurethane, Others)

6.2.2.           By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures)

6.2.3.           By End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others)

6.2.4.           By Country

6.3.  North America: Country Analysis

6.3.1.           United States Advanced Balloon Catheter Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Raw Material Type

6.3.1.2.2.             By Application

6.3.1.2.3.             By End User

6.3.2.           Canada Advanced Balloon Catheter Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Raw Material Type

6.3.2.2.2.             By Application

6.3.2.2.3.             By End User

6.3.3.           Mexico Advanced Balloon Catheter Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Raw Material Type

6.3.3.2.2.             By Application

6.3.3.2.3.             By End User

7.    Europe Advanced Balloon Catheter Market Outlook

7.1.  Market Size & Forecast          

7.1.1.           By Value

7.2.  Market Share & Forecast

7.2.1.           By Raw Material Type (Nylon, PET, Polyurethane, Others)

7.2.2.           By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures)

7.2.3.           By End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others)

7.2.4.           By Country

7.3.  Europe: Country Analysis

7.3.1.           France Advanced Balloon Catheter Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Raw Material Type

7.3.1.2.2.             By Application

7.3.1.2.3.             By End User

7.3.2.           Germany Advanced Balloon Catheter Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Raw Material Type

7.3.2.2.2.             By Application

7.3.2.2.3.             By End User

7.3.3.           United Kingdom Advanced Balloon Catheter Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Raw Material Type

7.3.3.2.2.             By Application

7.3.3.2.3.             By End User

7.3.4.           Italy Advanced Balloon Catheter Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Raw Material Type

7.3.4.2.2.             By Application

7.3.4.2.3.             By End User

7.3.5.           Spain Advanced Balloon Catheter Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Raw Material Type

7.3.5.2.2.             By Application

7.3.5.2.3.             By End User

8.    Asia-Pacific Advanced Balloon Catheter Market Outlook

8.1.  Market Size & Forecast          

8.1.1.           By Value

8.2.  Market Share & Forecast

8.2.1.           By Raw Material Type (Nylon, PET, Polyurethane, Others)

8.2.2.           By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures)

8.2.3.           By End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others)

8.2.4.           By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.           China Advanced Balloon Catheter Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Raw Material Type

8.3.1.2.2.             By Application

8.3.1.2.3.             By End User

8.3.2.           India Advanced Balloon Catheter Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Raw Material Type

8.3.2.2.2.             By Application

8.3.2.2.3.             By End User

8.3.3.           Japan Advanced Balloon Catheter Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Raw Material Type

8.3.3.2.2.             By Application

8.3.3.2.3.             By End User

8.3.4.           South Korea Advanced Balloon Catheter Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Raw Material Type

8.3.4.2.2.             By Application

8.3.4.2.3.             By End User

8.3.5.           Australia Advanced Balloon Catheter Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Raw Material Type

8.3.5.2.2.             By Application

8.3.5.2.3.             By End User

9.    South America Advanced Balloon Catheter Market Outlook

9.1.  Market Size & Forecast          

9.1.1.           By Value

9.2.  Market Share & Forecast

9.2.1.           By Raw Material Type (Nylon, PET, Polyurethane, Others)

9.2.2.           By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures)

9.2.3.           By End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others)

9.2.4.           By Country

9.3.  South America: Country Analysis

9.3.1.           Brazil Advanced Balloon Catheter Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Raw Material Type

9.3.1.2.2.             By Application

9.3.1.2.3.             By End User

9.3.2.           Argentina Advanced Balloon Catheter Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Raw Material Type

9.3.2.2.2.             By Application

9.3.2.2.3.             By End User

9.3.3.           Colombia Advanced Balloon Catheter Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Raw Material Type

9.3.3.2.2.             By Application

9.3.3.2.3.             By End User

10.  Middle East and Africa Advanced Balloon Catheter Market Outlook

10.1.              Market Size & Forecast

10.1.1.         By Value

10.2.              Market Share & Forecast

10.2.1.         By Raw Material Type (Nylon, PET, Polyurethane, Others)

10.2.2.         By Application (Coronary Procedures, Peripheral Procedures, Neurovascular Procedures, Other Procedures)

10.2.3.         By End Users (Hospitals and Ambulatory Surgical Centres, Catheterization Laboratories, Others)

10.2.4.         By Country

10.3.              MEA: Country Analysis

10.3.1.         South Africa Advanced Balloon Catheter Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Raw Material Type

10.3.1.2.2.           By Application

10.3.1.2.3.           By End User

10.3.2.         Saudi Arabia Advanced Balloon Catheter Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Raw Material Type

10.3.2.2.2.           By Application

10.3.2.2.3.           By End User

10.3.3.         UAE Advanced Balloon Catheter Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Raw Material Type

10.3.3.2.2.           By Application

10.3.3.2.3.           By End User

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Recent Developments

12.2.              Mergers & Acquisitions

12.3.              Product Launches

13.  Global Advanced Balloon Catheter Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Products

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Product Offerings

15.3.              Recent Developments

15.4.              Financials (As Reported)

15.5.              Key Personnel

15.6.              SWOT Analysis

18.6.1    Abbott Laboratories.

18.6.2    Boston Scientific Corporation.

18.6.3    Medtronic plc

18.6.4    Terumo Corporation

18.6.5    MicroPort

18.6.6    Scientific Corporation

18.6.7    B. Braun Melsungen AG

18.6.8    Meril Life Sciences Pvt. Ltd.

18.6.9    Hexacath

18.6.10 Tokai Medical Products Inc.

Strategic Recommendations

Figures and Tables

Frequently asked questions

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The increasing prevalence of cardiovascular and peripheral artery disease, increasing need for minimally invasive surgery, and Advancement in balloon catheters are the major drivers for the global advanced balloon catheter market.

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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. are some of the leading players operating in the global advanced balloon catheter market.

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Nylon is the segment type, which is expected to dominate the Global Advanced Balloon Catheter Market for the forecast period.

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North America region is estimated to demonstrate significant growth during the forecast period.

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Sakshi Bajaal

Business Consultant
Press Release

Advanced Balloon Catheter Market to be dominated by Nylon through 2028

Dec, 2022

The increasing prevalence of cardiovascular diseases is expected to drive the Global Advanced Balloon Catheter Market in the forecast period, 2024-2028.

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