Cutting Balloons Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global Cutting Balloons Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the Cutting Balloons Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The cutting balloons market is projected to grow at a compound annual growth rate (CAGR) of 5.8%, with its value expected to rise from US$470.5 million in 2023 to US$698.2 million by 2030.

Key Insights:

Cutting Balloons Market Size (2023E): US$470.5 Mn
Projected Market Value (2030F): US$698.2 Mn
Global Market Growth Rate (CAGR 2023 to 2030): 5.8%
Historical Market Growth Rate (CAGR 2018 to 2022): 6.4%

Cutting Balloons Market- Report Scope:

Cutting balloons are specialized medical devices used in angioplasty to treat artery blockages. They feature microsurgical blades for precise incisions, improving procedure success, especially for complex lesions. The market is growing due to increasing cardiovascular cases, driving demand for advanced interventional cardiology treatments. Innovations in design and materials aim to enhance outcomes and patient safety, offering lucrative opportunities for medical device manufacturers.

Market Growth Drivers:

Recent technological advancements have fueled the growth of the cutting balloons market by enhancing the accuracy and effectiveness of angioplasty treatments. Innovations in design, materials, and inflating systems enable better lesion modification and vessel dilatation, attracting medical experts seeking improved instruments for intricate treatments. Additionally, the market is driven by the increasing incidence of cardiovascular diseases globally, with cutting balloons offering an effective solution for treating complex lesions. The growing demand for advanced interventional cardiology treatments, driven by factors like sedentary lifestyles and an aging population, presents significant market opportunities for cutting balloon producers.

Market Restraints:

Market constraints in the cutting balloons sector arise from heightened regulatory scrutiny and compliance hurdles, complicating approval processes and potentially delaying product development. Competitive pricing pressures further exacerbate challenges, triggering price wars and affecting profit margins. Negotiating regulatory standards and handling pricing pressures demand strategic decision-making to ensure industry sustainability and profitability.

Market Opportunities:

The rising demand for minimally invasive interventions presents a significant opportunity for cutting balloons, as they offer less invasive treatments with shorter recovery times. Manufacturers can capitalize on this trend by enhancing design, ease of use, and highlighting patient benefits. Additionally, expanding into emerging markets with growing cardiovascular disease burdens provides potential growth opportunities. By offering affordable solutions and partnering with regional healthcare providers, manufacturers can address unmet medical needs and improve healthcare infrastructure in underserved areas.

Key Questions Answered in the Report:

What are the key factors driving the growth of the Cutting Balloons Market?
Which industry verticals are driving the demand for Cutting Balloons?
How are technological advancements reshaping the competitive landscape of the Cutting Balloons Market?
Who are the leading players in the global Cutting Balloons Market?
What are the emerging trends and future prospects in the global Cutting Balloons Market?

Competitive Intelligence and Business Strategy:

Intense competition drives the cutting balloons market, pushing manufacturers to innovate and form strategic alliances. Advancements focus on upgraded features like improved blade arrangements and drug coatings. Distribution agreements and partnerships with healthcare facilities expand market reach. Regulatory compliance, brand reputation, after-sales services, and pricing tactics also shape the competitive landscape.

Key Companies Profiled:

Abbott
Boston Scientific Corporation
B. Braun Melsungen AG
Cook Medical
Cordis
Medtronic
MicroPort Scientific Corporation
Opto Circuits (India) Ltd.
Spectranetics (Philips Healthcare)
Terumo Corporation
TriReme Medical, LLC (QT Vascular Ltd.)
Vascular Concepts Limited

Cutting Balloons Market Segmentation:

By Product:

Drug-coated
Conventional
Scoring

By Application:

Coronary Artery Disease
Peripheral Artery Disease

By End User:

Hospitals
Cardiac Centers
Ambulatory Surgical Centers

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33967

1. Executive Summary

1.1. Global Cutting Balloons Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1 Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Cutting Balloons Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Cutting Balloons Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
  - 3.3.3.1. Drug-coated
  - 3.3.3.2. Conventional
  - 3.3.3.3. Scoring
3.4. Market Attractiveness Analysis: Type
3.5. Global Cutting Balloons Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. Coronary Artery Disease
  - 3.5.3.2. Peripheral Artery Disease
3.6. Market Attractiveness Analysis: Application
3.7. Global Cutting Balloons Market Outlook: End User
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End User, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
  - 3.7.3.1. Hospitals
  - 3.7.3.2. Cardiac Centers
  - 3.7.3.3. Ambulatory Surgical Centers
3.8. Market Attractiveness Analysis: End User

4. Global Cutting Balloons Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Application
- 5.3.4. By End User
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Drug-coated
- 5.5.2. Conventional
- 5.5.3. Scoring
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Coronary Artery Disease
- 5.6.2. Peripheral Artery Disease
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 5.7.1. Hospitals
- 5.7.2. Cardiac Centers
- 5.7.3. Ambulatory Surgical Centers
5.8. Market Attractiveness Analysis

6. Europe Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Application
- 6.3.4. By End User
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Drug-coated
- 6.5.2. Conventional
- 6.5.3. Scoring
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Coronary Artery Disease
- 6.6.2. Peripheral Artery Disease
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 6.7.1. Hospitals
- 6.7.2. Cardiac Centers
- 6.7.3. Ambulatory Surgical Centers
6.8. Market Attractiveness Analysis

7. East Asia Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Application
- 7.3.4. By End User
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Drug-coated
- 7.5.2. Conventional
- 7.5.3. Scoring
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Coronary Artery Disease
- 7.6.2. Peripheral Artery Disease
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 7.7.1. Hospitals
- 7.7.2. Cardiac Centers
- 7.7.3. Ambulatory Surgical Centers
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Application
- 8.3.4. By End User
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Drug-coated
- 8.5.2. Conventional
- 8.5.3. Scoring
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Coronary Artery Disease
- 8.6.2. Peripheral Artery Disease
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 8.7.1. Hospitals
- 8.7.2. Cardiac Centers
- 8.7.3. Ambulatory Surgical Centers
8.8. Market Attractiveness Analysis

9. Latin America Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
- 9.3.4. By End User
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 9.5.1. Drug-coated
- 9.5.2. Conventional
- 9.5.3. Scoring
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Coronary Artery Disease
- 9.6.2. Peripheral Artery Disease
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 9.7.1. Hospitals
- 9.7.2. Cardiac Centers
- 9.7.3. Ambulatory Surgical Centers
9.8. Market Attractiveness Analysis

10. Middle East & Africa Cutting Balloons Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
- 10.3.4. By End User
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Drug-coated
- 10.5.2. Conventional
- 10.5.3. Scoring
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Coronary Artery Disease
- 10.6.2. Peripheral Artery Disease
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 10.7.1. Hospitals
- 10.7.2. Cardiac Centers
- 10.7.3. Ambulatory Surgical Centers
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Abbott
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Boston Scientific Corporation
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. B. Braun Melsungen AG
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Cook Medical
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Cordis
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Medtronic
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. MicroPort Scientific Corporation
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Opto Circuits (India) Ltd.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Spectranetics (Philips Healthcare)
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Terumo Corporation
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. TriReme Medical, LLC (QT Vascular Ltd.)
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Vascular Concepts Limited
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations