The Global Stent Graft Balloon Catheter Industry, a vital segment within the catheter market, has become a beacon of innovation and progress, marking a valuation of US$ 915.92 million in 2022, contributing approximately 3.5% to the overall catheter market. This sector is now set to embark on an extraordinary growth trajectory, fueled by a robust 7% Compound Annual Growth Rate (CAGR), as unveiled in a recent market analysis by Future Market Insights Inc.
The journey towards this impressive projection is underlined by the sector’s evolution, moving beyond simple stents to embrace modified balloon stent catheters. These advancements reflect a dynamic market, highlighting the use of balloon catheters in stent grafting during angioplasty procedures.
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Global Stent Graft Balloon Catheter Industry: Drivers & Restraints
The primary factor for the growth of the Global Stent Graft Balloon Catheter Industry is the increasing number of hospital admissions attributed to the rising incidence of atherosclerosis patients, and the rising prevalence of CAD (Coronary Artery Disease) worldwide. Secondly, growing healthcare expenditure levels and the introduction of advanced technologies in balloon catheters drive the market growth for stent graft balloon catheters over the forecast period. However high cost of angioplasty procedures is the factor restraining the market growth of the stent graft balloon catheter market over the forecast period.
The Stent Graft Balloon Catheter market is mainly dominated by trends such as the introduction of drug-eluting balloons. Also increasing inclination to opt for balloons with drug delivery, which can deliver the medication at the local site, are effective alternatives for administering the drug intravenously. However, there are several types of balloon catheters available in the market, that help in curing coronary artery diseases, and many such trends are expected to dominate the market over the forecast period.
Global Stent Graft Balloon Catheter Industry: Overview
Depending on geographic region, the Global Stent Graft Balloon Catheter Industry is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Globally, the stent graft balloon catheter market is expected to witness healthy growth shortly due to the increasing prevalence of coronary artery disease and the rise in per capita expenditure on healthcare in developing nations. The Global Stent Graft Balloon Catheter Industry is anticipated to show the highest share is of North America followed by Europe owing to technological advancement, sophisticated healthcare infrastructure, and increasing awareness regarding angioplasty procedures available in the market.
Also, it has been analyzed that balloon catheter stenting for coronary applications has been widely adopted in clinical practice and is associated with improved health outcomes in Europe. Asia-Pacific market is expected to register the fastest growth owing to the rise in geriatric population and increasing obesity, which ultimately gives rise to the number of patients suffering from coronary artery diseases over the forecast period.
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Global Stent Graft Balloon Catheter Industry: Key Players
Some of the key market players in the Global Stent Graft Balloon Catheter Industry include Medtronic, Boston Scientific, Abbott Laboratories, Cordis, Atrium Medical, W. L. Gore & Associates Inc., JOTEC GmbH, QXMédical, LLC, etc. These players are entering into mergers & acquisitions, strategic collaborations, and product portfolio expansions, distribution agreements which are their key sustainability strategies. Secondly, many local players have started entering this lucrative market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, and applications.
The report covers an exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition and companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (US, Canada)
- Latin America (Mexico. Brazil, Argentina)
- Western Europe (Germany, Italy, France, UK, Spain, Rest of Western Europe)
- Eastern Europe (Russia, Poland)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa)
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Global Stent Graft Balloon Catheter Industry: Segmentation
This market is segmented based on product type and end-user
Segmentation based on product type
- Non-Complaint Balloon Stents Catheter
- Complaint Balloon Stents Catheter
Segmentation based on end-user
- Hospitals
- Cardiac Centers
- ASCs
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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