Angioplasty Balloons Market Is Projected To Reach USD 2.9 Billion By 2024:By Grand View Research, Inc.
The global angioplasty balloon market is expected to reach a
value of USD 2.9 billion by 2024, according on a new report by Grand View
Research, Inc. The growth of the market is attributed to favorable government
policies, approval & commercialization of several angioplasty balloons, and
increasing coronary & peripheral interventions. Angioplasty is a minimally
invasive procedure, hence patients and surgeons prefer this procedure over high
cost stent placements.
Furthermore, advancements in the angioplasty balloons are
likely to propel the market. For instance, in December 2014 Medtronic plc
received a U.S.FDA approval for their drug coated balloon IN. PACT Admiral for
the treatment of peripheral artery disease. Approval and commercialization of
cutting and scoring balloons, such as Flextome, AngioSculpt, TREK and MINI TREK
balloon, rising adoption of new balloons, and lower cost as compared to stent
placement are likely to drive the market during the forecast period.
Browse full research report on Angioplasty Balloons
Market: http://www.grandviewresearch.com/industry-analysis/angioplasty-balloons-market
Further Key Findings From the Study Suggest:
- Normal
balloon segment dominated the market in 2015 due to low cost and favorable
U.S. FDA policies. Its ability to treat coronary artery obstruction is
further expected to propel the market growth.
- Drug-eluting
balloon segment is anticipated to be the most lucrative during the
forecast period. This is attributed to increasing investment in R & D
by major players and lower restenosis rates.
- Coronary
balloon dominated in 2015 and is expected to maintain its dominance during
forecast period. This is due to rising incidence rate of coronary artery
diseases around the globe.
- Peripheral
is the most lucrative segment owing to launching of new peripheral
products in recent years. Market players are in a process of introducing
newer products with increased efficiency.
- Ambulatory
surgery centers dominated the end use segment in 2015. They accounted for
the highest share of the vertical as they help minimize the medical
expenses and hospital stay.
- Regionally,
North America dominated the market in 2015 and is expected to maintain its
position during the forecast period due to local presence of major market
players and high cost of devices as compared to other regions.
- Asia
Pacific is anticipated to be fastest growing segment during the forecast
period due to rising healthcare expenditure, growing investment of key
market players in the region, and high patient population.
- Some
of the market players operating in the industry are Abbott; Boston
Scientific Corporation; Cardinal Health (Cordis); Cook Medical; C. R.
Bard, Inc.; ENDOCOR GmbH; Medtronic; Spectranetics; and Johnson &
Johnson.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the angioplasty balloons
market by balloons type, application, end-use, and region:
Type Outlook (Market Revenue in USD Million, 2013 - 2024)
- Normal
Balloons
- Drug
Eluting Balloons
- Cutting
Balloons
- Scoring
Balloons
Application Outlook (Market Revenue in USD Million, 2013
- 2024)
- Coronary
- Peripheral
End Use Outlook (Market Revenue in USD Million, 2013 -
2024)
- Ambulatory
Surgery Centers (ASCs)
- Hospitals
- Catheterization
Laboratories (Cath Lab)
Regional Outlook (Market Revenue in USD Million, 2013 -
2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa
- South
Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-angioplasty-balloons-market
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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