According to IMARC Group’s report, titled “Angioplasty Balloons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global angioplasty balloons market grew at a CAGR of around 5% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth by 2025.
Angioplasty balloons are medical devices used for widening and unblocking blood vessels that are clogged during medical procedures. The types of angioplasty balloons include drug-eluting, regular, and cutting. These devices are manufactured using nylon, polyurethane, and silicone urethane polymers. Angioplasty balloons consist of constrained structures that create grooves and pillows to offer uniform dilation on the surface of the balloon. During the surgery, the balloon is inflated to flatten the plaque against the blood vessels’ wall, thereby opening them and restoring the normal blood flow.
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Across the globe, there has been an increase in the prevalence of arterial diseases, which represents one of the key factors driving the global angioplasty balloons market growth. Besides this, rising in geriatric population, which is more susceptible to such chronic ailments, is acting as another major growth-inducing factor. Moreover, the escalating demand for drug-coated angioplasty balloons, which offer superior safety, effectiveness, and improved blood flow throughout the body, is contributing to the market growth. Improving healthcare infrastructure and expanding research and development (R&D) activities in medical sciences are some of the other factors that are propelling the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global angioplasty balloons market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market on the basis of region, product type, application, material and end-user.
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Breakup by Product Type:
- Normal Balloons
- Cutting Balloons
- Drug Eluting Balloons
- Scoring Balloons
Breakup by Application:
- Coronary Angioplasty
- Peripheral Angioplasty
Breakup by Material:
- Silicone Urethane Co-Polymers
Breakup by End-User:
- Ambulatory Surgery Centers
Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, B. Braun Melsungen AG, BD (Becton, Dickinson, and Company), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardinal Health Inc., Cook Medical LLC, Endocor GmbH & Co. KG, Johnson & Johnson, Medtronic Inc., Terumo Corporation, etc.
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