BALLOON CATHETERS MARKET ANALYSIS

Balloon Catheters Market, by Product Type (Over-the-wire (OTW) Balloon Catheters, Rapid Exchange (RX) Balloon Catheters, and Fixed-wire (FW) Balloon Catheters),by Balloon Type (Noncompliant (High-pressure) Balloons, Semi-compliant (Midpressure) Balloons, and Compliant (Elastomeric) Balloons), by Material (Polyurethane, Nylon, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Nov 2019
Code : CMI489
Pages :168
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Adoption of inorganic strategies by major players in the balloon catheters market is expected to drive market growth

Major players are focused on adopting inorganic strategies such as collaborations, in order to strengthen the balloon catheter product portfolio by launching novel balloon catheters, which is expected to drive the global balloon catheters market growth over the forecast period. For instance, in September 2014, NATEC Medical Ltd collaborated with US Endovascular LLC, a medical device company, to deliver the range of PTA balloon catheters, developed by the US Endovascular, in the U.S. market. The PTA balloon platforms includes balloon catheters such as USE 014” Rapid Exchange (Rx) and Over the Wire (OTW), USE018” OTW, and USE 035” OTW.

However, increasing product recall is expected to hamper growth of the balloon catheters market over the forecast period. For instance, in September 2019, Medtronic Plc., announced voluntary recall of certain balloon dilation catheters such as Euphora and Solarice semi-compliant rapid exchange balloon dilatation catheters that have proven to be difficult to remove from patients’ bodies, owing to their slightly higher diameter.