A balloon catheter is defined as an innovative medical device which comprises guidewire and catheter, which is inserted into the femoral artery in the leg or sometimes into the radial artery in the arm to treat constricted blood vessels. Balloon catheter also includes minimally-invasive procedure for opening blocked or narrowed coronary arteries caused by coronary arteries disease (CAD).
Increase in surgical procedures is the vital factor escalating the market growth, also rising geriatric population, rising number of minimally invasive surgeries, increasing hospitalization with an increase in cardiovascular disorders, rising demand for angioplasty over conventional surgeries due to its minimally invasive nature and better outcome and increase in the number of catheterization laboratories are the major factors among others driving the balloon catheter market. Moreover, rising technological advancements and modernization in the healthcare devices, rising research and development activities in the healthcare sector and rising emerging markets will further create new opportunities for balloon catheter market in the forecasted period of 2019-2027.
However, rising healthcare expense is one of the primary factors that will block market expansion and further challenge the growth of the balloon catheter market over the forecast period.
This balloon catheter market report details new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geograhic information, and geograhic information.
Balloon Catheter Market Scope and Market Size
The balloon catheter market is segmented on the basis of indication, end-users, balloon type and catheter type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of indication, the balloon catheter market is segmented into coronary artery disease and peripheral vascular disease.
- Based on end-users, the balloon catheter market is segmented into public hospitals & private hospitals, ambulatory surgical centres and cardiac catheterisation laboratories.
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