BALLOON CATHETERS MARKET ANALYSIS

Balloon Catheters MarketSize and Trends

According to the stats published by The Heart Foundation in 2015, coronary artery disease leads to around 380,000 fatalities annually in the U.S. Moreover, according to the same source, around 720,000 people suffer from heart attacks each year and among these, 205,000 encountered repetitive cases of heart attack and 515,000 people suffered from a first incidence of heart attack in the U.S.

The global balloon catheters market was valued at US$ 11,463.0 million in 2018, and is expected to exhibit a CAGR of 5.3% during the forecast period (2019 – 2027).

Fig. 1: Global Balloon Catheters Market Share (%) Analysis, By Product Type, 2018 and 2027

Source: Coherent Market Insights Analysis (2019)

Increasing product launches of innovative balloon catheters by key players for the treatment of the coronary heart diseases and peripheral heart diseases is expected to drive growth of the balloon catheters market over the forecast period

Manufacturers are focusing on product development and product launches of different types of balloon catheters such as over-the-wire, rapid exchange, fixed wire, drug eluting balloon catheters, and drug coated balloon catheters. For instance, in February 2016, Nipro North America, a division of Nipro Medical Corporation launched Cronus HP high-pressure, 0.035”, an over-the-wire percutaneous transluminal angioplasty balloon catheter. Moreover, in April 2015, Biotronik launched Pantera Pro, a semi-compliant coronary balloon dilatation catheter.

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.