Angioplasty Balloons Market Witnessing Huge Growth At A CAGR Of 3.3% For The Forecast Period From 2018 To 2025 : Grand View Research Inc.
San Francisco, 16 July 2019: The Report Angioplasty Balloons Market Size, Share & Trends Analysis Report By Type (Normal, DEB, Cutting, Scoring), By Application (Peripheral, Coronary), By End Use (Hospitals, ASCs, Cath Labs), And Segment Forecasts, 2018 – 2025
The global angioplasty balloon market size is expected to reach USD 2.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to record a CAGR of 3.3% during the forecast period. This growth is attributed to favorable government policies and increasing coronary and peripheral interventions. Angioplasty is a minimally invasive procedure, hence patients and surgeons prefer this procedure over high-cost stent placements. Furthermore, advancements in angioplasty balloons and expanding geographical reach are likely to propel the market growth in the coming years.
For instance, in December 2014, Medtronic plc received an FDA approval for their drug-coated balloon IN.PACT Admiral for the treatment of peripheral artery disease. The company also received product approval from Japanese Ministry of Health, Labor and Welfare for the treatment of peripheral artery disease in the upper leg. Approval and commercialization of cutting and scoring balloons, such as TREK and MINI TREK, AngioSculpt, and Flextome balloons along with rising adoption of new balloons are likely to drive the market further.
Access Research Report of Angioplasty Balloons Market @ www.grandviewresearch.com/industry-analysis/angioplasty-balloons-market
Further key findings from the study suggest:
- Normal balloon segment led the market in 2017 due to low costs and ability of these products to treat coronary artery obstruction
- DEBs are anticipated to be the fastest-growing segment during the forecast period due to lower restenosis rate and increased R&D investments by major companies
- Coronary vascular disease segment led in 2017 and is expected to maintain its dominance during the forecast period due to rising cases of coronary artery diseases
- Ambulatory surgery centers (ASCs) led the end use segment in 2017 as they help minimize the medical expenses and hospital stay
- North America was the dominant regional market the market in 2017 and is expected to maintain its position during the forecast period due to the presence of major companies
- Asia Pacific is anticipated to be the fastest-growing region during the forecast period due to rising healthcare expenditure and R&D investments by key companies
- Some of the prominent companies in the industry are Abbott Laboratories; Boston Scientific Corp.; Cardinal Health (Cordis); Cook Medical, Inc.; Becton Dickinson. and Company (C.R. Bard); ENDOCOR GmbH; Medtronic PLC; Spectranetics Corp.; and Johnson & Johnson
Grand View Research has segmented the global angioplasty balloon market on the basis of type, application, end use, and region:
Angioplasty Balloon Type Outlook (Revenue, USD Million, 2014 - 2025)
- Normal Balloons
- Drug-Eluting Balloons (DEBs)
- Cutting Balloons
- Scoring Balloons
- Peripheral
- Coronary
- Ambulatory Surgery Centers (ASCs)
- Hospitals
- Catheterization Laboratories (Cath Labs)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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