The coronary balloon products market has witnessed significant growth in recent years, driven by the increasing prevalence of cardiovascular diseases and the growing demand for minimally invasive procedures. Coronary balloon products are widely used in angioplasty procedures to treat coronary artery blockages and restore blood flow to the heart. These products play a crucial role in improving patient outcomes and reducing the risk of heart attacks.
One of the key drivers of the coronary balloon products market is the rising incidence of cardiovascular diseases worldwide. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, accounting for approximately 17.9 million deaths each year. This alarming statistic has prompted healthcare providers to adopt advanced treatment options, such as angioplasty, which has significantly boosted the demand for coronary balloon products.
Moreover, the increasing preference for minimally invasive procedures has also fueled the market growth. Minimally invasive techniques offer several advantages over traditional open-heart surgeries, including shorter hospital stays, reduced recovery time, and lower risk of complications. Coronary balloon products, such as drug-eluting balloons and cutting balloons, are widely used in these procedures to dilate narrowed arteries and improve blood flow. The growing adoption of minimally invasive techniques by both patients and healthcare providers has positively impacted the demand for coronary balloon products.
However, despite the market’s growth prospects, there are certain restraints that need to be considered. One of the major challenges faced by the coronary balloon products market is the high cost associated with these devices. The advanced technologies and materials used in the manufacturing of coronary balloon products contribute to their higher price. This can limit their accessibility, particularly in developing regions with limited healthcare budgets. Additionally, stringent regulatory requirements and the need for extensive clinical trials before product approval can also hinder market growth.
According to the Centers for Disease Control and Prevention (CDC), coronary heart disease is the most common type of heart disease in the United States, affecting approximately 18.2 million adults. This highlights the substantial market potential for coronary balloon products in the country.
Furthermore, the National Health Service (NHS) in the United Kingdom reports that around 100,000 angioplasty procedures are performed annually. This indicates a significant demand for coronary balloon products in the country’s healthcare system.
Factors influencing the growth of the Coronary Balloon Products market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Coronary Balloon Products market. The report discusses in detail the positive and negative impact of the pandemic on the Coronary Balloon Products industry. The supply chain disruptions and economic volatility have altered the dynamics of the Coronary Balloon Products industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Coronary Balloon Products market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Coronary Balloon Products Market and Profiled in the Report are:
Medtronic, Abbott., Boston Scientific Corporation, Terumo Medical Corporation, Eurocor Tech GmbH, Qmedics AG, amg International, SIS MEDICAL AG., Freudenberg Medical, and Lepu Medical Technology(Beijing) Co., Ltd
Objectives of the Report:
Study of the global Coronary Balloon Products market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Coronary Balloon Products market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Coronary Balloon Products market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Coronary Balloon Products market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
-
Product Type Outlook (Revenue, USD Million; 2019-2032)
- PTAC Balloons
- NC Balloons
-
Material Outlook (Revenue, USD Million; 2019-2032)
- Non-compliant Balloons
- Semi-compliant Balloons
- Compliant Balloons
-
End-use Outlook (Revenue, USD Million; 2019-2032)
- Hospitals
- Cardiac Centers
- Ambulatory Surgical Centers (ASCs)
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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