The Drug-eluting Balloon Catheters Market 2023 Size Forecast to 2030 research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.
The global drug-eluting balloon catheters market size was valued at USD 529.4 million in 2021. The market is projected to grow from USD 615.2 million in 2022 to USD 1,119.4 million by 2029, exhibiting a CAGR of 8.9% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with drug-eluting balloon catheters experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. Based on our analysis, the global market exhibited a decline of -13.7% in 2020 as compared to 2019. Drug-eluting Balloon Catheters Market Size, Share & COVID-19 Impact Analysis, By Drug (Paclitaxel, Sirolimus, and Others), By Indication (Coronary Intervention and Peripheral Intervention), By End-user (Hospitals & ASCs and Specialty Clinics and Catheterization Laboratories), and Regional Forecast, 2022-2029
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Market Growth Drivers:
Globally, the prevalence of peripheral and coronary heart diseases, including heart arrhythmias, heart failure, heart valve disease, and pericardial disease has been increasing at a faster pace. Cigarette smoking and diet high in trans-fat, saturated fats, and cholesterol are the major causes of coronary and peripheral artery diseases. Drug-eluting balloon catheters are indicated during the angioplasty procedures to treat blocked or narrowed coronary arteries. Therefore, the increase in angioplasty surgeries is expected to increase the demand for these catheters. Furthermore, the market players have increased their emphasis on research and development for the launch of advanced catheters. This is expected to increase the accessibility of these products among the patient population.
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Who are the Major Drug-eluting Balloon Catheters Market Vendors?
- Medtronic (Ireland)
- Koninklijke Philips N.V.(Netherlands)
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- B. Braun SE (Germany)
- Meril Life Sciences Pvt. Ltd. (India)
- BIOTRONIK (Germany)
- Cordis (U.S.)
- MicroPort Medical (Group) Co., Ltd. (China)
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favourable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period [2022 – 2029].
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