Balloon Catheter Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: HCR 91664 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Balloon Catheter Market size is forecast to reach $4.52 billion by 2025, growing at a CAGR of 9.57% during the forecast period 2020-2025. Percutaneous Coronary Intervention is a non-surgical procedure that uses a catheter to place a small structure called a stent to open up blood vessels in the heart that have been narrowed by plaque buildup, a condition known as atherosclerosis. Rise in prevalence of various chronic heart diseases and growing geriatric population are the major factors driving the growth of the market. Demand for minimally invasive procedures in emerging countries and development of advanced cardiovascular devices will further enhance the overall market demand of balloon catheters during the forecast period.


Key Takeaways

·         North America dominates the Balloon Catheter Market owing to well established healthcare facilities, increasing prevalence of cardiovascular diseases and favorable reimbursement policies.

·         Increasing geriatric population and rise in prevalence of various chronic heart diseases and demand for minimally surgical procedures along with surge in healthcare expenditure is likely to aid in the market growth of balloon catheter market.

·         Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the Balloon Catheter Market report.

·         Rise in incidences of catheter-associated infections can restrain the growth of the market.

Raw Material - Segment Analysis

Based on the raw material, nylon held the largest share in the balloon catheter market in 2019 and will grow at a CAGR of 6.3% during the forecast period 2020-2025.This is mainly owing to the benefits associated with the use of nylon as a raw material in these device as nylon is softer, it is more easily refolded and is easier to withdraw into the guiding catheter or introducer sheath. When compared with PET (polyethylene terephthalate) versions nylon high-pressure balloons require a thicker wall for a given burst pressure, which means that a nylon balloon will have a larger profile than a comparable PET balloon upon insertion into the body and when crossing a lesion. However, Polyurethane segment is estimated to be the fastest growing segment during the forecast period 2020-2025, owing to its properties as they are inflated by volume, rather than pressure. They are able to stretch 100% to 800% and are often used in applications that require balloon to fully conform to or occlude the anatomy.

End User - Segment Analysis

         Hospitals accounted for the major share in the balloon catheter market in 2019 and is estimated to grow at a CAGR of 4.2% during the forecast period 2020-2025. Growing patient pool and rising demand for efficient and effective surgery with shorter recovery time and reduced hospital stay are key factors driving the growth of this segment. The availability of advance technologies and demand for minimally invasive surgical procedure is also contributing in the growth of this segment. Recently, Cardiac Catheterization Laboratories are also gaining popularity in the balloon catheter market.

Geography - Segment Analysis

North America dominated the balloon catheter market share accounting for more than 35.5% of the overall market. Robust healthcare infrastructure combined with focus on development of new devices along with improved diagnosis among the patients are helping in this region growth. Growing geriatric population and increased health care expenditure is also having a positive impact on the market in this region. High prevalence of cardiovascular disorders and growing preference for minimally invasive surgeries, such as minimally invasive coronary bypass and Minimally Invasive Cardiothoracic Surgery (MICS), is contributing in the growth of the market in this region.

However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period. This is owing to the rise in in incidence of cardiovascular diseases and increase in healthcare expenditure. Furthermore, rapidly aging population in countries such as China & Japan and increasing disposable incomes will also support the growth of the market in this region. The growth of medical tourism across several developing economies will also contribute to the growth of the market in this region.

Drivers – Balloon Catheter Market

·         Increasing prevalence of cardiovascular diseases & increasing geriatric population

According to the World Health Organization, cardiovascular diseases accounted for over 17.7 million deaths in 2015; of these coronary heart disease accounted for around 7.4 million deaths. Furthermore, majority of the deaths occurred in emerging economies due to high prevalence rate and lack of health care services in rural areas. According to the United Nations Population Fund (2015), around 12.3% of the global population comprised people aged 60 years and above and this figure is projected to increase to 22% by 2050. Surgical intervention for the treatment of cardiovascular disorders has increased demand for percutaneous transluminal angioplasty (PTA) balloon catheter. 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. Therefore the increasing incidences of cardiovascular disease and growing geriatric population will help in the growth of the market.

 

·         Advancements in surgical procedure and surge in healthcare expenditure

Peripheral Artery Disease (PAD) majorly includes minimal invasive procedures involving the use of catheters to clear blocked arteries. Growing demand for angioplasty over conventional surgery has gained significant preference among patients due to its minimally invasive nature and better outcomes. Minimally invasive procedures have resulted in an increase in the number of laboratories for catheterization.  The paradigm shift from traditional to angioplasty surgery has resulted in an increase in catheter sales, including variants of PTA (percutaneous transluminal angioplasty). The increasing government funds and healthcare expenditure in developed and developing countries is also supporting the growth of the market.

Challenges – Balloon Catheter Market

·         Risk of Infection and artery collapse associated with balloon catheterization

Patients who undergo cardiac catheterization are at a higher risk of catheter-associated bloodstream infections due to repeated use of catheters. According to a research article published by the NCBI in 2018, some of the major risks associated with cardiac catheterization are arteriovenous fistula, myocardial infarction, hematoma/retroperitoneal bleeding, thrombosis, pseudoaneurysm embolism, and allergic reactions. Therefore, risks and complications associated with catheters may impede the growth of the market for Balloon Catheters in the coming years.

Balloon Catheter Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the balloon catheter market. In 2019, the balloon catheter market share is consolidated by the top ten players. Balloon Catheter top 10 companies are Abbott Laboratories, Edwards Lifesciences Corporation, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Medtronic plc, MicroPort Scientific Corporation, Johnson & Johnson, Jotech GmbH, Teleflex Incorporated, and Vascular Solutions, Inc. among others. In 2010, the FDA downgraded standard balloon-tipped angioplasty catheters from Class III medical devices to Class II devices with special controls, which means that companies can now bring balloon catheters to market through the 510(k) clearance process rather than the pre-market approval (PMA) process.

Acquisitions/Product Launches

  • In April 2019, Becton, Dickinson and Company announced the launch of UltraScore 014 focused force percutaneous transluminal angioplasty (PTA) balloon. The UltraScore balloon is intended to dilate stenoses in the iliac, femoral, ilio-femoral, popliteal, infra-popliteal and renal arteries and for the treatment of obstructive lesions of native or synthetic arteriovenous dialysis fistulae.
  • In May 2019, Cook Medical recalled the Advance Enforcer 35 Focal Force PTA balloon catheter due to the balloon bursting below the rated burst pressure.
  • In December 2017, iVascular announced the release of new Oceanus 14 Pro PTA balloon catheter, which received CE mark approval to dilate stenoses in femoral, popliteal, and infrapopliteal arteries, and for the treatment of obstructive uropathy in arteriovenous dialysis fistulae.
  • In October 2017, Medtronic set up the Chengdu Innovation Center in China to facilitate training for local physicians to improve healthcare efficiency in Central and Western China.
  • In December 2016, BrosMed announced the U.S FDA 510(k) clearance and launch of its Hermes NC 0.035 OTW PTA, Achilles NC 0.018 OTW PTA, and Castor NC 0.014 OTW PTA balloon dilatation catheter for the treatment of patients with peripheral arterial diseases.
  • In January 2016, Surmodics acquired NorMedix to strengthen its R&D capabilities and vascular device expertise.

1. Balloon Catheter Market - Overview
        1.1 Definitions and Scope
2. Balloon Catheter Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Balloon Catheter Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Balloon Catheter Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Balloon Catheter Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Balloon Catheter Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Balloon Catheter Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Balloon Catheter Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Product Roadmap
            8.3.2 By Product
                8.3.2.1 Normal Balloon Catheter
                8.3.2.2 Cutting Balloon Catheter
                8.3.2.3 Scoring Balloon Catheter
                8.3.2.4 Drug Eluting Balloon Catheter
                8.3.2.5 Stent Graft Balloon Catheter
9. Balloon Catheter Market - By Raw Material (Market Size -$Million / $Billion)
9.1 Nylon
10. Balloon Catheter Market - By Indication (Market Size -$Million / $Billion)
10.1 Coronary Artery Disease
10.2 Peripheral Vascular Disease
11. Balloon Catheter - By End-User (Market Size -$Million / $Billion)
        11.1 Public Hospital
        11.2 Private Hospital
        11.3 Cardiac Catheterization Laboratory
12. Balloon Catheter- By Geography (Market Size -$Million / $Billion)
        12.1 Balloon Catheter Market - North America Segment Research
        12.2 North America Market Research (Million / $Billion)
            12.2.1 Segment type Size and Market Size Analysis
            12.2.2 Revenue and Trends
            12.2.3 Application Revenue and Trends by type of Application
            12.2.4 Company Revenue and Product Analysis
            12.2.5 North America Product type and Application Market Size
                  12.2.5.1 U.S
                  12.2.5.2 Canada
                  12.2.5.3 Mexico
                  12.2.5.4 Rest of North America
        12.3 Balloon Catheter- South America Segment Research
        12.4 South America Market Research (Market Size -$Million / $Billion)
            12.4.1 Segment type Size and Market Size Analysis
            12.4.2 Revenue and Trends
            12.4.3 Application Revenue and Trends by type of Application
            12.4.4 Company Revenue and Product Analysis
            12.4.5 South America Product type and Application Market Size
                  12.4.5.1 Brazil
                  12.4.5.2 Venezuela
                  12.4.5.3 Argentina
                  12.4.5.4 Ecuador
                  12.4.5.5 Peru
                  12.4.5.6 Colombia
                  12.4.5.7 Costa Rica
                  12.4.5.8 Rest of South America
        12.5 Balloon Catheter- Europe Segment Research
        12.6 Europe Market Research (Market Size -$Million / $Billion)
            12.6.1 Segment type Size and Market Size Analysis
            12.6.2 Revenue and Trends
            12.6.3 Application Revenue and Trends by type of Application
            12.6.4 Company Revenue and Product Analysis
            12.6.5 Europe Segment Product type and Application Market Size
                  12.6.5.1 U.K
                  12.6.5.2 Germany
                  12.6.5.3 Italy
                  12.6.5.4 France
                  12.6.5.5 Netherlands
                  12.6.5.6 Belgium
                  12.6.5.7 Denmark
                  12.6.5.8 Spain
                  12.6.5.9 Rest of Europe
        12.7 Balloon Catheter - APAC Segment Research
        12.8 APAC Market Research (Market Size -$Million / $Billion)
            12.8.1 Segment type Size and Market Size Analysis
            12.8.2 Revenue and Trends
            12.8.3 Application Revenue and Trends by type of Application
            12.8.4 Company Revenue and Product Analysis
            12.8.5 APAC Segment - Product type and Application Market Size
                  12.8.5.1 China
                  12.8.5.2 Australia
                  12.8.5.3 Japan
                  12.8.5.4 South Korea
                  12.8.5.5 India
                  12.8.5.6 Taiwan
                  12.8.5.7 Malaysia
                  12.8.5.8 Hong Kong
                  12.8.5.9 Rest of APAC
        12.9 Balloon Catheter - Middle East Segment and Africa Segment Research
        12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            12.10.1 Segment type Size and Market Size Analysis
            12.10.2 Revenue and Trend Analysis
            12.10.3 Application Revenue and Trends by type of Application
            12.10.4 Company Revenue and Product Analysis
            12.10.5 Middle East Segment Product type and Application Market Size
                  12.10.5.1 Israel
                  12.10.5.2 Saudi Arabia
                  12.10.5.3 UAE
            12.10.6 Africa Segment Analysis
                  12.10.6.1 South Africa
                  12.10.6.2 Rest of Middle East & Africa
13. Balloon Catheter Market - Entropy
        13.1 New product launches
        13.2 M&A s, collaborations, JVs and partnerships
14. Balloon Catheter Market - Industry / Segment Competition landscape Premium
        14.1 Market Share Analysis
            14.1.1 Market Share by Country- Top companies
            14.1.2 Market Share by Region- Top 10 companies
            14.1.3 Market Share by type of Application - Top 10 companies
            14.1.4 Market Share by type of Product / Product category- Top 10 companies
            14.1.5 Market Share at a global level - Top 10 companies
            14.1.6 Best Practises for companies
15. Balloon Catheter Market - Key Company List by Country Premium
16. Balloon Catheter Market Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 Abbott Laboratories
16.3 B. Braun Melsungen AG
16.4 Biosensors International Ltd.
16.5 Biotronik
16.6 Boston Scientific Inc.
16.7 Cardionovum GmbH.
16.8 Cook Medical Inc.
16.9 Cordis Corporation
16.10 Hexacath
16.11 Jotech GmbH
16.12 Medtronic
16.13 Meril Life Pvt. Ltd.
16.14 MicroPort Scientific Corporation
16.15 QX Medical LLC
16.16 Terumo Corporation
16.17 Tokai Medical Products Inc.
16.18 Company 17
16.19 Company 18 & More
*Financials would be provided on a best efforts basis for private companies
17. Balloon Catheter Market - Appendix
        17.1 Abbreviations
        17.2 Sources
18. Balloon Catheter Market - Methodology
        18.1 Research Methodology
            18.1.1 Company Expert Interviews
            18.1.2 Industry Databases
            18.1.3 Associations
            18.1.4 Company News
            18.1.5 Company Annual Reports
            18.1.6 Application Trends
            18.1.7 New Products and Product database
            18.1.8 Company Transcripts
            18.1.9 R&D Trends
            18.1.10 Key Opinion Leaders Interviews
            18.1.11 Supply and Demand Trends

List of Tables

1 US Balloon Catheter Market Size 2018
2 Canada Balloon Catheter Market Share 2018
3 Brazil Balloon Catheter Market Outlook 2019 - 2023
4 Mexico Balloon Catheter Market Research 2018
5 Germany Balloon Catheter Market Trends 2019 - 2023 
6 France Balloon Catheter Market Growth 2019 - 2023 
7 UK Balloon Catheter Market Demand 2019 - 2023 
8 Italy Balloon Catheter Market Segmentation 2018
9 Russia Balloon Catheter Market Analysis 2019 - 2023
10 China Balloon Catheter Market Revenue 2019 - 2023
11 Japan Balloon Catheter Market Volume 2019 - 2023
12 South Korea Balloon Catheter Market Potential 2019 - 2023
13 India Balloon Catheter Market Leaders 2018
14 Saudi Arabia Balloon Catheter Market Forecast 2019 - 2023 
15 Kuwait Balloon Catheter Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link