PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1879874
PUBLISHER: Market Glass, Inc. (Formerly Global Industry Analysts, Inc.) | PRODUCT CODE: 1879874
Global Angioplasty Balloons Market to Reach US$3.8 Billion by 2030
The global market for Angioplasty Balloons estimated at US$3.0 Billion in the year 2024, is expected to reach US$3.8 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2024-2030. Normal Balloons, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Drug-Coated Balloons segment is estimated at 4.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$793.3 Million While China is Forecast to Grow at 5.9% CAGR
The Angioplasty Balloons market in the U.S. is estimated at US$793.3 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$787.6 Million by the year 2030 trailing a CAGR of 5.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Global Angioplasty Balloons Market - Key Trends and Drivers Summarized
How Are Angioplasty Balloons Revolutionizing Cardiac Care?
Angioplasty balloons are integral tools in the field of interventional cardiology, playing a pivotal role in the treatment of coronary artery disease (CAD). These devices are used in percutaneous coronary interventions (PCI) to dilate narrowed or blocked coronary arteries, restoring blood flow to the heart muscle and alleviating symptoms such as chest pain and shortness of breath. The procedure involves inserting a catheter with a deflated balloon at its tip into the affected artery. Once positioned, the balloon is inflated to compress the plaque against the artery walls, thereby widening the vessel. The advent of angioplasty balloons has revolutionized cardiac care by offering a minimally invasive alternative to coronary artery bypass grafting (CABG), reducing recovery times and hospital stays for patients.
What Technological Innovations Are Enhancing the Efficacy of Angioplasty Balloons?
Technological advancements have significantly enhanced the efficacy and safety of angioplasty balloons. The development of drug-eluting balloons (DEBs) represents a major innovation, combining mechanical plaque compression with localized drug delivery to prevent restenosis, or re-narrowing of the artery. These balloons are coated with antiproliferative drugs, which are released into the arterial wall during inflation, inhibiting the growth of scar tissue that can lead to restenosis. Additionally, the introduction of cutting and scoring balloons, equipped with tiny blades or scoring elements, provides an improved method for tackling particularly tough or calcified lesions by creating controlled incisions in the plaque. These advancements not only improve the success rates of angioplasty procedures but also reduce the need for repeat interventions, enhancing long-term patient outcomes.
Why Is Patient-Centric Care Vital in the Adoption of Angioplasty Balloons?
Patient-centric care is a critical factor in the adoption and success of angioplasty balloon procedures. With a growing emphasis on personalized medicine, healthcare providers are increasingly focusing on tailoring treatments to individual patient needs and conditions. This approach involves careful assessment of patient-specific factors such as the severity and location of arterial blockages, overall health, and coexisting medical conditions. Enhanced imaging techniques and diagnostic tools enable precise planning and execution of angioplasty procedures, ensuring optimal balloon selection and placement. Moreover, patient education and post-procedural care play a vital role in improving outcomes, as informed patients are more likely to adhere to prescribed medications and lifestyle modifications necessary to maintain artery health. The shift towards a holistic, patient-centric approach in cardiac care not only improves clinical outcomes but also enhances patient satisfaction and quality of life.
What Factors Are Driving Growth in the Angioplasty Balloons Market?
The growth in the angioplasty balloons market is driven by several factors related to technological advancements, end-use applications, and evolving healthcare practices. The increasing prevalence of cardiovascular diseases, particularly coronary artery disease, is a major driver, as the global burden of CAD continues to rise with aging populations and lifestyle-related risk factors. Technological innovations, such as drug-eluting balloons and cutting/scoring balloons, are propelling market growth by improving procedural efficacy and patient outcomes. The shift towards minimally invasive procedures, supported by advancements in catheter-based technologies and imaging modalities, is expanding the use of angioplasty balloons in diverse patient populations. Additionally, the growing emphasis on preventive healthcare and early diagnosis is leading to more frequent use of angioplasty as a first-line treatment for CAD. The expansion of healthcare infrastructure in emerging markets and increased healthcare expenditure are also contributing to market growth, providing greater access to advanced cardiac care technologies. Moreover, the focus on personalized medicine and patient-centric care models is driving demand for tailored angioplasty solutions, further accelerating market expansion.
SCOPE OF STUDY:
The report analyzes the Angioplasty Balloons market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product (Normal Balloons, Drug-Coated Balloons, Other Products); Application (Coronary Angioplasty, Peripheral Angioplasty); End-Use (Hospitals, Ambulatory Surgery Centers, Other End-Uses)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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