Angioplasty Balloons Market Opportunities, Revenue, Production, Demand and Forecast During 2020-2027

Research Reports

Jan 27, 2021

The Global Angioplasty Balloons Market is driven by several factors, such as technological advancements in balloons, increasing preference for minimally invasive procedures, surging prevalence of cardiac diseases, rising initiatives by public and private organizations to create awareness regarding angioplasty treatment options, increasing product launches and a number of clinical trials by the prominent players in the market.

According to MRFR analysis, the Global Angioplasty Balloons Market is expected to register a CAGR of 5.01% from 2020 to 2027 and hold a value of USD 3457.35 Million till 2027.

A lot of market players are dominating the global angioplasty balloons market. The prominent players are involved in strategic agreements, product launches and joint ventures to sustain their market positions. For instance, in August 2017, C.R. Bard, a part of Becton, Dickinson and Company, received US Food and Drug Administration (FDA) premarket approval for its Lutonix drug-coated balloon to treat a new indication, stenosis in the arteriovenous (AV) fistulae of patients with end-stage renal disease.

Regional Analysis

Based on the region, the global angioplasty balloons market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa (MEA). Of these, the Americas will dominate the market over the forecast period. The presence of eminent players, coupled with tie-ups by several companies to expand geographical footprints, is adding to the global angioplasty balloons market growth in the region.

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The global angioplasty balloons market in Europe is predicted to hold the second-largest share over the forecast period. The presence of leading industry players and different strategies undertaken by these players to strengthen their presence, such as mergers and acquisitions and joint ventures coupled with increased hospitalizations for cerebral angioplasty and carotid artery angioplasty is adding to the global angioplasty balloons market growth in the region.

Market Segmentation

The MRFR report gives an inclusive segmental analysis of the global angioplasty balloons market report based on end user, application, and product type.

By product type, the global angioplasty balloons market is segmented into scoring balloons, drug eluting balloons, cutting balloons, and normal balloons. Of these, normal balloons will lead the market over the forecast period for its high preference rate and widespread use.

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By application, the global angioplasty balloons market is segmented into peripheral artery disease and coronary artery disease. Of these, coronary artery disease will dominate the market over the forecast period for the increase in cardiac cases worldwide.

Key Players

Key players profiled in the global angioplasty balloons market report include Endocor (Germany), Cordis (Cardinal Health) (US), Terumo Medical Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), Cook (US), Boston Scientific Corporation (US), C.R. Bard (BD) (US), Biotronik SE & Co. KG (Germany), Abbott (US), and B. Braun Melsungen AG (Germany). Industry players have incorporated strategies such as mergers, partnerships, joint ventures, new product launches, and acquisitions to create a niche in the market.

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