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Global Balloon Catheter Market, Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Opportunity Company Analysis

  • ID: 5562679
  • Report
  • March 2022
  • Region: Global
  • 185 Pages
  • Renub Research

FEATURED COMPANIES

  • Abbott Laboratories
  • B. Braun Melsungen
  • Cardinal Health Inc.
  • Koninklijke Philips
  • Medtronic PLC
  • Nordson Corporation.
Global Balloon Catheter Market is project to reach US$ 6.1 Billion by 2027. Globally, the rise in prevalence of various chronic heart diseases due to high cholesterol or diabetes has increased the demand for balloon catheters in the health care industry. As per WHO (World Health Organization), 17.9 million people die each year from CVDs (Cardiovascular diseases), an estimated 32% of all deaths worldwide. Thus, a balloon catheter is a delicate catheter appliance with an inflatable balloon at its tip, which is introduced into a vessel or duct and then blown up to clear the blockage. The balloon catheter is mostly utilized to treat heart-related diseases caused due to diabetes, high blood pressure, specifically coronary heart disease, and high cholesterol levels in the blood. The utilization of these catheters has been consistently growing in the health care industry, and these devices have become a vital part of medical diagnostics and treatment.



Global Balloon Catheter Industry will grow with a CAGR of 8.2% during 2021-2027


Notwithstanding, the market is driven by specific factors, increasing demand for minimally invasive surgeries, growing prevalence of cardiovascular and peripheral artery diseases, advancements in the balloon catheters, and favorable reimbursement landscape in developed economies. Moreover, the growing patient pool and increasing demand for efficient and effective surgery with shorter recovery times and reduced hospital stay are key factors driving the growth of the balloon catheter market.

Effect of COVID-19 on the Global Balloon Catheter Industry


COVID-19 pandemic has disrupted the lifestyle of the people seriously, and the people are smashed with the economy's downfall. While discussing the balloon catheters industry, due to the COVID-19 pandemic, patients' chronic disease management and monitoring are disrupted, and many heart patients could not visit the hospital. This has resulted in the decline of the market due to reduced demand. But as soon as the lockdowns were lifted, there were many demands globally for balloon catheter devices to use in covid-19 treatment, where the people are suffering from comorbidities. Therefore, the market has been sluggish for a while, but it has revived quickly.

Worldwide Balloon Catheter Market Size was US$ 3.8 Billion in 2021


Based on product type, Global Balloon Catheter Market include Normal Balloon Catheter, Cutting Balloon Catheter, Drug-eluting Balloon Catheter, Scoring Balloon Catheter, Stent graft Balloon Catheter. A normal balloon catheter comprises a catheter, an innovative medical device, and a guide wire inserted into the radial artery in the arms or femoral artery in the legs to treat constricted blood vessels. Commonly, normal balloon catheters are used for preventing blood vessel constriction, which is driven by atherosclerosis, i.e., residue of lipid substances in the blood vessels. The surge in interventional cardiology has facilitated the utilization of normal balloon catheters.

On the basis of Raw Material, the polyurethane segment is expected to have the fastest growth rate. They are frequently used in varied applications like Coronary Artery Disease, Peripheral Vascular Disease, and Neurovascular Diseases that require the balloon to occlude the anatomy.

Coronary Artery Disease Segment Leads the Market


In terms of application, the Balloon Catheter market can be segmented into Coronary Artery Disease, Peripheral Vascular Disease, Neurovascular Diseases, and Others Diseases. The increased prevalence of coronary artery diseases worldwide is driving the demand for balloon catheters. According to the World Heart Federation, Coronary heart disease is now the leading cause of death globally. Each year, an estimated 3.8 million men and 3.4 million women die from coronary heart disease. Additionally, 80% of the deaths occur in low and middle-income countries. Balloon catheters are utilized to treat various coronary types of cardiovascular issues, including cardiac catheterization as a diagnostic imaging technique to assess a patient's heart function.

North America is the Leading Balloon Catheter Market


Geographically, the global balloon catheters market segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and America. North America is a leading balloon catheter market. Availability of advanced healthcare facilities, increased patient awareness, and infrastructure and health care expenditure are the primary factors fueling the region's balloon catheter market development.

Similarly, the Asia Pacific is also a significant market for balloon catheters and is expected to expand at a high growth rate in the next few years. Ongoing improvements in health care infrastructure and the growth of medical tourism across several developing economies contribute to the development of the market in the region.

Competitive Landscape


The global balloon catheters market is moderately fragmented into players like Cardinal Health Inc., Medtronic PLC, Koninklijke Philips, Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen, Terumo Corporation, Teleflex Incorporated, Nordson Corporation.

This report titled Balloon Catheter Market, Global Forecast by Product Type (Normal Balloon Catheter, Cutting Balloon Catheter, Drug-eluting Balloon Catheter, Scoring Balloon Catheter, Stent graft Balloon Catheter), Raw Material (Polyurethane Catheter, Nylon Catheter, Others Material Catheter), Component (Over the Wire Balloon Catheter, Rapid Exchange Balloon Catheter, Fixed-Wire Balloon Catheter), Application (Coronary Artery Disease, Peripheral Vascular Disease, Neurovascular Diseases, and Others Diseases), End User (Hospitals, Ambulatory Surgery Centers, Dialysis Centers and Others), Region (North America, Europe, Asia-Pacific, Latin America, the Middle East, and America),Company Analysis (Cardinal Health Inc., Medtronic PLC, Koninklijke Philips, Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen, Terumo Corporation, Teleflex Incorporated, Nordson Corporation) provides an all-encompassing analysis on the Global Balloon Catheter Industry

Product Type - Market has been covered from 5 viewpoints


1. Normal Balloon Catheter
2. Cutting Balloon Catheter
3. Drug eluting Balloon Catheter
4. Scoring Balloon Cathete
5. Stent graft Balloon Catheter

Raw Material - Market has been covered from 3 viewpoints


1. Polyurethane Catheter
2. Nylon Catheter
3. Others Material Catheter

Component - Market has been covered from 3 viewpoints


1. Over the Wire Balloon Catheter
2. Rapid Exchange Balloon Catheter
3. Fixed-Wire Balloon Catheter

Application - Market has been covered from 4 viewpoints


1. Coronary Artery Disease
2. Peripheral Vascular Disease
3. Neurovascular Diseases
4. Others Diseases

End User - Market has been covered from 4 viewpoints


1. Hospitals
2. Ambulatory Surgery Centers
3. Dialysis Centers
4. Others

Region - Market has been covered from 5 viewpoints


1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Middle East and America

All the companies have been studied from 3 points


  • Business Overview
  • Recent Developments & Strategy
  • Sales Analysis

Company Analysis


1. Cardinal Health Inc.
2. Medtronic PLC
3. Koninklijke Philips
4. Abbott Laboratories
5. Becton, Dickinson and Company
6. Boston Scientific Corporation
7. B. Braun Melsungen
8. Terumo Corporation
9. Teleflex Incorporated
10. Nordson Corporation.
Frequently Asked Questions about the Global Balloon Catheter Market

What is the estimated value of the Global Balloon Catheter Market?

The Global Balloon Catheter Market was estimated to be valued at $3.8 Billion in 2021.

What is the growth rate of the Global Balloon Catheter Market?

The growth rate of the Global Balloon Catheter Market is 8.2%, with an estimated value of $6.1 Billion by 2027.

What is the forecasted size of the Global Balloon Catheter Market?

The Global Balloon Catheter Market is estimated to be worth $6.1 Billion by 2027.

Who are the key companies in the Global Balloon Catheter Market?

Key companies in the Global Balloon Catheter Market include Cardinal Health Inc., Medtronic PLC, Koninklijke Philips, Abbott Laboratories, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen, Terumo Corporation and Nordson Corporation..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott Laboratories
  • B. Braun Melsungen
  • Cardinal Health Inc.
  • Koninklijke Philips
  • Medtronic PLC
  • Nordson Corporation.

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Balloon Catheter Market
6. Market Share - Global Balloon Catheter Market
6.1 By Product Type
6.2 By Raw Material
6.3 By Component
6.4 By Application
6.5 By End User
6.6 By Region
7. Product Type - Global Balloon Catheter Market
7.1 Normal Balloon Catheter
7.2 Cutting Balloon Catheter
7.3 Drug eluting Balloon Catheter
7.4 Scoring Balloon Catheter
7.5 Stent graft Balloon Catheter
8. Raw Material - Global Balloon Catheter Market
8.1 Polyurethane Catheter
8.2 Nylon Catheter
8.3 Others Material Catheter
9. Component - Global Balloon Catheter Market
9.1 Over the Wire Balloon Catheter
9.2 Rapid Exchange Balloon Catheter
9.3 Fixed-Wire Balloon Catheter
10. Application - Global Balloon Catheter Market
10.1 Coronary Artery Diseas
10.2 Peripheral Vascular Disease
10.3 Neurovascular Diseases
10.4 Others Diseases
11. End User - Global Balloon Catheter Market
11.1 Hospital
11.2 Ambulatory Surgery Centers
11.3 Dialysis Centers
11.4 Others
12. Region - Global Balloon Catheter Market
12.1 North America
12.2 Europ
12.3 Asia-Pacific
12.4 Latin America
12.5 Middle East and America
13. Porters Five Forces
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14. Key Players
14.1 Cardinal Health Inc
14.1.1 Overview
14.1.2 Recent Developments
14.1.3 Revenue
14.2 Medtronic PLC
14.2.1 Overview
14.2.2 Recent Developments
14.2.3 Revenue
14.3 Koninklijke Philips
14.3.1 Overview
14.3.2 Recent Developments
14.3.3 Revenue
14.4 Abbott Laboratories
14.4.1 Overview
14.4.2 Recent Developments
14.4.3 Revenue
14.5 Becton, Dickinson and Company
14.5.1 Overview
14.5.2 Recent Developments
14.5.3 Revenue
14.6 Boston Scientific Corporation
14.6.1 Overview
14.6.2 Recent Developments
14.6.3 Revenue
14.7 B. Braun Melsunge
14.7.1 Overview
14.7.2 Recent Developments
14.7.3 Revenue
14.8 Terumo Corporation
14.8.1 Overview
14.8.2 Recent Developments
14.8.3 Revenue
14.9 Teleflex Incorporated
14.9.1 Overview
14.9.2 Recent Developments
14.9.3 Revenue
14.10 Nordson Corporation
14.10.1 Overview
14.10.2 Recent Developments
14.10.3 Revenue
List Of Figures:
Figure 01: Global - Balloon Catheter Market (Million US$), 2016 - 2021
Figure 02: Global - Forecast for Balloon Catheter Market (Million US$), 2022 - 2027
Figure 03: Product Type - Normal Balloon Catheter Market (Million US$), 2016 - 2021
Figure 04: Product Type - Forecast for Normal Balloon Catheter Market (Million US$), 2022 - 2027
Figure 05: Product Type - Cutting Balloon Catheter Market (Million US$), 2016 - 2021
Figure 06: Product Type - Forecast for Cutting Balloon Catheter Market (Million US$), 2022 - 2027
Figure 07: Product Type - Drug eluting Balloon Catheter Market (Million US$), 2016 - 2021
Figure 08: Product Type - Forecast for Drug eluting Balloon Catheter Market (Million US$), 2022 - 2027
Figure 09: Product Type - Scoring Balloon Catheter Market (Million US$), 2016 - 2021
Figure 10: Product Type - Forecast for Scoring Balloon Catheter Market (Million US$), 2022 - 2027
Figure 11: Product Type - Stent graft Balloon Catheter Market (Million US$), 2016 - 2021
Figure 12: Product Type - Forecast for Stent graft Balloon Catheter Market (Million US$), 2022 - 2027
Figure 13: Raw Material - Polyurethane Catheter Market (Million US$), 2016 - 2021
Figure 14: Raw Material - Forecast for Polyurethane Catheter Market (Million US$), 2022 - 2027
Figure 15: Raw Material - Nylon Catheter Market (Million US$), 2016 - 2021
Figure 16: Raw Material - Forecast for Nylon Catheter Market (Million US$), 2022 - 2027
Figure 17: Raw Material - Others Material Catheter Market (Million US$), 2016 - 2021
Figure 18: Raw Material - Forecast for Others Material Catheter Market (Million US$), 2022 - 2027
Figure 19: Component - Over the Wire Balloon Catheter Market (Million US$), 2016 - 2021
Figure 20: Component - Forecast for Over the Wire Balloon Catheter Market (Million US$), 2022 - 2027
Figure 21: Component - Rapid Exchange Balloon Catheter Market (Million US$), 2016 - 2021
Figure 22: Component - Forecast for Rapid Exchange Balloon Catheter Market (Million US$), 2022 - 2027
Figure 23: Component - Fixed-Wire Balloon Catheter Market (Million US$), 2016 - 2021
Figure 24: Component - Forecast for Fixed-Wire Balloon Catheter Market (Million US$), 2022 - 2027
Figure 25: Application - Coronary Artery Disease Market (Million US$), 2016 - 2021
Figure 26: Application - Forecast for Coronary Artery Disease Market (Million US$), 2022 - 2027
Figure 27: Application - Peripheral Vascular Disease Market (Million US$), 2016 - 2021
Figure 28: Application - Forecast for Peripheral Vascular Disease Market (Million US$), 2022 - 2027
Figure 29: Application - Neurovascular Diseases Market (Million US$), 2016 - 2021
Figure 30: Application - Forecast for Neurovascular Diseases Market (Million US$), 2022 - 2027
Figure 31: Application - Others Diseases Market (Million US$), 2016 - 2021
Figure 32: Application - Forecast for Others Diseases Market (Million US$), 2022 - 2027
Figure 33: End User - Hospitals Market (Million US$), 2016 - 2021
Figure 34: End User - Forecast for Hospitals Market (Million US$), 2022 - 2027
Figure 35: End User - Ambulatory Surgery Centers Market (Million US$), 2016 - 2021
Figure 36: End User - Forecast for Ambulatory Surgery Centers Market (Million US$), 2022 - 2027
Figure 37: End User - Dialysis Centers Market (Million US$), 2016 - 2021
Figure 38: End User - Forecast for Dialysis Centers Market (Million US$), 2022 - 2027
Figure 39: End User - Others Market (Million US$), 2016 - 2021
Figure 40: End User - Forecast for Others Market (Million US$), 2022 - 2027
Figure 41: North America - Balloon Catheter Market (Million US$), 2016 - 2021
Figure 42: North America - Forecast for Balloon Catheter Market (Million US$), 2022 - 2027
Figure 43: Europe - Balloon Catheter Market (Million US$), 2016 - 2021
Figure 44: Europe - Forecast for Balloon Catheter Market (Million US$), 2022 - 2027
Figure 45: Asia-Pacific - Balloon Catheter Market (Million US$), 2016 - 2021
Figure 46: Asia-Pacific - Forecast for Balloon Catheter Market (Million US$), 2022 - 2027
Figure 47: Latin America - Balloon Catheter Market (Million US$), 2016 - 2021
Figure 48: Latin America - Forecast for Balloon Catheter Market (Million US$), 2022 - 2027
Figure 49: Middle East and America - Balloon Catheter Market (Million US$), 2016 - 2021
Figure 50: Middle East and America - Forecast for Balloon Catheter Market (Million US$), 2022 - 2027
Figure 51: Cardinal Health Inc. - Global Revenue (Million US$), 2016 - 2021
Figure 52: Cardinal Health Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 53: Medtronic PLC - Global Revenue (Million US$), 2016 - 2021
Figure 54: Medtronic PLC - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 55: Koninklijke Philips - Global Revenue (Million US$), 2016 - 2021
Figure 56: Koninklijke Philips - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 57: Abbott Laboratories - Global Revenue (Million US$), 2016 - 2021
Figure 58: Abbott Laboratories - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 59: Becton, Dickinson and Company - Global Revenue (Million US$), 2016 - 2021
Figure 60: Becton, Dickinson and Company - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 61: Boston Scientific Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 62: Boston Scientific Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 63: B. Braun Melsungen - Global Revenue (Million US$), 2016 - 2021
Figure 64: B. Braun Melsungen - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 65: Terumo Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 66: Terumo Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 67: Teleflex Incorporated - Global Revenue (Million US$), 2016 - 2021
Figure 68: Teleflex Incorporated - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 69: Nordson Corporation - Global Revenue (Million US$), 2016 - 2021
Figure 70: Nordson Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
List Of Tables:
Table 01: Global - Balloon Catheter Market Share by Product Type (Percent), 2016 - 2021
Table 02: Global - Forecast for Balloon Catheter Market Share by Product Type (Percent), 2022 - 2027
Table 03: Global - Balloon Catheter Market Share by Raw Material (Percent), 2016 - 2021
Table 04: Global - Forecast for Balloon Catheter Market Share by Raw Material (Percent), 2022 - 2027
Table 05: Global - Balloon Catheter Market Share by Component (Percent), 2016 - 2021
Table 06: Global - Forecast for Balloon Catheter Market Share by Component (Percent), 2022 - 2027
Table 07: Global - Balloon Catheter Market Share by Applications (Percent), 2016 - 2021
Table 08: Global - Forecast for Balloon Catheter Market Share by Applications (Percent), 2022 - 2027
Table 09: Global - Balloon Catheter Market Share by End User (Percent), 2016 - 2021
Table 10: Global - Forecast for Balloon Catheter Market Share by End User (Percent), 2022 - 2027
Table 11: Global - Balloon Catheter Market Share by Region (Percent), 2016 - 2021
Table 12: Global - Forecast for Balloon Catheter Market Share by Region (Percent), 2022 - 2027
Note: Product cover images may vary from those shown
  • Cardinal Health Inc.
  • Medtronic PLC
  • Koninklijke Philips
  • Abbott Laboratories
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • B. Braun Melsungen
  • Terumo Corporation
  • Teleflex Incorporated
  • Nordson Corporation.
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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