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Market Research Report

Angioplasty Balloons Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 910300
Published Content info 118 Pages
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Angioplasty Balloons Market - Growth, Trends, and Forecast (2019 - 2024)
Published: September 1, 2019 Content info: 118 Pages
Description

Market Overview

The rise in the geriatric population could result in an exponential increase in Coronary heart disease prevalence, which, in turn, is propelling the angioplasty balloons market. For instance, as per the report from the American Heart Association on heart disease and stroke, in 2017, over approximately 800,000 deaths occured due to cardiovascular disease. Additionally, factors such as the rising prevalence of lifestyle-related disorders and increasing preference for minimally invasive procedures are fueling the growth of the angioplasty balloons market. However, high costs associated with the procedure and stringent safety regulations could adversely affect the angioplasty balloons market.

Scope of the Report

As per the scope, Angioplasty balloons are balloon-tipped catheters that are used to flatten the plaque against the wall of the artery during an angioplasty procedure.

Key Market Trends

Hospitals Segment is expected to dominate the Angioplasty Balloons market

The hospital segment is expected to dominate the overall angioplasty balloons market. The factors attributing to the dominance of this segment are enhanced healthcare infrastructure, availability of skilled labor, and affordability. The rise in patient pool, owing to substantial growth in the geriatric population suffering from lifestyle diseases, such as atherosclerosis and heart failure, is expected to enhance revenue generations of the hospitals. Moreover, compared to conventional surgeries, the benefits of minimally invasive surgeries such as reduced surgical pain, injury, scarring, hospital stay, higher accuracy, and speedy recovery time are encouraging more patients to opt for MIS surgeries, which is expected to boost the market growth. Moreover, high accessibility and affordability of hospitals, as compared to the specialty clinics, are expected to attract a large patient population.

North America is the largest market for Angioplasty Balloons market

North America is expected to dominate the market share with well-established healthcare infrastructure, a better regulatory framework, and government support. According to the American Heart Association Research, Cardiovascular diseases remain the leading cause of death in the US, accounting for 840,678 deaths in the US in 2016, approximately 1 of every 3 deaths. In 2016, Coronary Heart Disease was the leading cause (43.2%) of deaths attributable to cardiovascular disease in the US, followed by stroke (16.9%), High Blood Pressure (9.8%), Heart Failure (9.3%), diseases of the arteries (3.0%), and other cardiovascular diseases (17.7%). In addition, two important factors, such as longer life spans and aging baby boomers, rising the geriatric population in the geographical region which may increase the patient pool for the hospitals and healthcare service providers. All of the above mention factors are expected to drive the growth of the angioplasty balloons market, during the forecast period.

Competitive Landscape

Angioplasty Balloons market is a highly fragmented market with the presence of many prominent players. Players are focusing on the major collaborations, mergers, and acquisitions in order to enhance their market share. Market players are also focusing on R&D to improve product quality and minimize manufacturing costs, developing novel products to improve the patient compliance and safety. Some of the key developments in the market are, in August 2018, Bangalore-based S3V Vascular Technologies Private Limited, a medical devices manufacturing company launched Nextgen PTCA (Percutaneous Transluminal Coronary Angioplasty) Balloon Catheters into the domestic market.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 64158

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Incidence of Cardiovascular Diseases
    • 4.2.2 Increasing Preference for Minimally Invasive Procedures
  • 4.3 Market Restraints
    • 4.3.1 Reimbursement Issues and High Costs Associated with the Procedures
    • 4.3.2 Complications Associated with Angioplasty Procedures
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Normal Balloons
    • 5.1.2 Cutting Balloons
    • 5.1.3 Drug Eluting Balloons
    • 5.1.4 Scoring Balloons
  • 5.2 By Application
    • 5.2.1 Coronary Angioplasty
    • 5.2.2 Peripheral Angioplasty
  • 5.3 By End User
    • 5.3.1 Hospital
    • 5.3.2 Ambulatory Surgical Centers
    • 5.3.3 Others
  • 5.4 Geography
    • 5.4.1 North America
      • 5.4.1.1 US
      • 5.4.1.2 Canada
      • 5.4.1.3 Mexico
    • 5.4.2 Europe
      • 5.4.2.1 Germany
      • 5.4.2.2 UK
      • 5.4.2.3 France
      • 5.4.2.4 Italy
      • 5.4.2.5 Spain
      • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia Pacific
      • 5.4.3.1 China
      • 5.4.3.2 Japan
      • 5.4.3.3 India
      • 5.4.3.4 Australia
      • 5.4.3.5 South Korea
      • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle East and Africa
      • 5.4.4.1 GCC
      • 5.4.4.2 South Africa
      • 5.4.4.3 Rest of Middle East and Africa
    • 5.4.5 South America
      • 5.4.5.1 Brazil
      • 5.4.5.2 Argentina
      • 5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Abbot Laboratories
    • 6.1.2 AngioDynamics
    • 6.1.3 BIOTRONIK
    • 6.1.4 Boston Scientific Corporation
    • 6.1.5 Cook Medical
    • 6.1.6 Cordis (Cardinal Health)
    • 6.1.7 Medtronic
    • 6.1.8 Merit Medical Systems, Inc.
    • 6.1.9 Oscor Inc.
    • 6.1.10 Terumo Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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