Market Research Report
Occlusion Balloon Catheter Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||925292|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Occlusion Balloon Catheter Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: February 1, 2020||Content info: 120 Pages||
Increasing cardiac diseases and the growing geriatric population are the primary factors for the growth of the occlusion balloon catheters market. Furthermore, increasing prevalence of peripheral vascular diseases coupled with advancements in catheterization technologies are projected to boost the market growth furthermore.
Moreover, the increasing awareness about cardiovascular diseases by the efforts of government and non-government organizations projected to boost the market growth over the forecast period. For instance, National Heart, Lung, and Blood Institute, along with the other groups around the United States, annually celebrate National Red Day, to raise the awareness about heart diseases. Such initiatives are contributing to the market growth in tehse developed countries.
However, the high cost of angioplasty procedures and the dearth of skilled professionals are hampering the market growth.
Coronary Artery Disease Application Projected to Grow at Notable Rate
North America Share Projected to Grow at Prominent Rates
North America is projected to have notable growth rate over the forecast period owing to the factors such as availability of large patient pool, rapid advancement in technologies and increasing healthcare spending. Furthermore, an increase in the prevalence of vascular diseases is expected to boost the regional share. According to the American Heart Association Heart Disease and Stroke Statistics 2019 Update, peripheral artery disease affects 8.5 million people nationwide.
The Asia Pacific is projected to have a significant growth rate owing to, changing lifestyle that leading to vascular diseases and developing healthcare infrastructure. Furthermore, a growing preference in minimally invasive surgeries and rapid development in healthcare spending in emerging countries such as India and China are expected to bolster the regional market growth in the near future.
Occlusion balloon catheters market is moderately fragmented and the presence of more number of market players. Market players are actively focusing on new product development and product launches to expand the market share. For instance, in April 2017, QXMedical has launched ResQ Occlusion Balloon Catheter in the United States. The key players operating in the market are Boston Scientific Corp., Cook Group Incorporated, Stryker Corporation, W. L. Gore & Associates., and Oscor Inc. among others.