Press release
The Global Drug Eluting Balloon Catheter Market Is Expected To Be Worth US$ 5.2 Bn By The End Of 2031
Healthcare infrastructure has seem some major changes over the past decade as technology proliferation increased and research on healthcare has also seen a substantial boom. Rising obesity, increasing geriatric population, and growing prevalence of coronary artery diseases are some of the factors propelling demand for drug eluting balloon catheters. When stents are used with a balloon catheter it is called a balloon expandable stent, which differs from self-expandable stents, and these are normally made from nitinol alloy.Adoption of angioplasty balloons for patients who do not benefit from percutaneous coronary intervention (PCI) is also favouring growth of the drug eluting balloon (DEB) catheter market. Increased support from governments and other institutions backing research and granting funding to further develop drug eluting balloon catheters is being witnessed.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://www.factmr.com/connectus/sample?flag=S&rep_id=146
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ข๐๐๐น๐ผ๐ผ๐ธ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฃ๐ฒ๐ฟ๐ถ๐ฝ๐ต๐ฒ๐ฟ๐ฎ๐น ๐ฉ๐ฎ๐๐ฐ๐๐น๐ฎ๐ฟ ๐๐ถ๐๐ฒ๐ฎ๐๐ฒ ๐๐๐ ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐?
Usage of drug eluting devices is majorly associated with cardiac conditions, and these are used to reduce the rate of restenosis. The peripheral drug-coated balloon catheter market is poised to rise at a steady CAGR over the next ten years. Use of drug-eluting balloon catheters for peripheral artery procedures is anticipated to increase as their benefits are realized and procedures become more affordable.
Under the indication segment, demand for coronary artery disease drug eluting balloon catheters is anticipated to account for nearly 80% market share in terms of value. Despite minimal market share, demand for peripheral vascular disease drug-eluting balloon catheters is anticipated to rise at a steady CAGR over the forecast period.
As more angioplasty balloons are being researched and developed, it is estimated that sales of peripheral drug-coated balloon catheters will also see an upward trend.
๐๐ข๐ฉ๐๐-๐ญ๐ต ๐๐บ๐ฝ๐ฎ๐ฐ๐ ๐ผ๐ป ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
The COVID-19 pandemic massively affected healthcare infrastructure and how it was handled. Treatment for every disease became secondary as the focus was only on combating coronavirus. The COVID-19 pandemic affected research & development related to drug eluting balloon catheters and caused major disruptions in demand and supply chains.
However, in the post-pandemic era, demand for drug eluting balloon catheters is anticipated to see rapid rise. Even though the pandemic caused a major drop in sales, the market is expected to recover the losses over the coming years as research speeds up.
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ข๐๐๐น๐ผ๐ผ๐ธ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฟ๐๐ด ๐๐น๐๐๐ถ๐ป๐ด ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐?
This research details the global drug eluting balloon catheter industry landscape across the regions of North America, Latin America, Europe, APAC, and MEA.
Europe dominates the market and is anticipated to continue its domination throughout the forecast period. The U.K. is anticipated to lead the European market, surging at a stellar CAGR of around 20%.
North America is anticipated to be the second-largest market. The market in Asia is anticipated to rise at the fastest CAGR through the forecast period. India and China are anticipated to lead demand in the APAC region.
Adoption of drug eluting balloon catheters in MEA is expected to pick up pace as healthcare infrastructure develops across the region.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:https://www.factmr.com/connectus/sample?flag=RC&rep_id=146
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Research in the drug eluting balloon catheter space by key players is anticipated bolster development and sales of more precise and efficient drug eluting balloon catheters.
โข In February 2021, L2Mtech GmbH was awarded its first CE mark on six products. This marks a milestone in the company's history and proves the efficacy and safety of its innovative cardiovascular and endovascular applications. The company is planning to commercially launch the products with the CE mark recognition.
โข In June 2020, iVascular SLU, a medical device company, announced the global launch of its novel coronary artery drug-coated balloon. The product - Essential Pro - has several improvements from its predecessor.
โข In March 2021, MedAlliance announced that it had received FDA approval for its drug-eluting coronary balloon. The product is called the Selution SLR sustained limus release drug-eluting balloon catheter. It received a go-ahead for its design, which improved luminal diameter in individuals affected with atherosclerotic lesions.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ:
โข Cardionovum GmbH
โข Cook Medical INC
โข Cordis Corporation
โข Abbott Laboratories
โข Meril Life Sciences Pvt Ltd
โข Jotech GmbH
โข MicroPort Scientific Corporation
โข Terumo Corporation
โข Boston Scientific Corporation
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐ผ๐ณ ๐๐ฟ๐๐ด ๐๐น๐๐๐ถ๐ป๐ด ๐๐ฎ๐น๐น๐ผ๐ผ๐ป ๐๐ฎ๐๐ต๐ฒ๐๐ฒ๐ฟ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฆ๐๐ฟ๐๐ฒ๐๐ฟ๐ธ๐ฒ๐ ๐ง๐ฎ๐ ๐ผ๐ป๐ผ๐บ๐
By Indication:
โข Coronary Artery Disease Drug Eluting Balloon Catheters
โข Peripheral Vascular Disease Drug Eluting Balloon Catheters
By End User:
โข Hospitals
โข Ambulatory Surgical Centers
โข Cardiac Catheterization Laboratories
By Raw Material:
โข Polyurethane Drug Eluting Balloon Catheters
โข Nylon Drug Eluting Balloon Catheters
โข Others
๐๐ผ๐ฟ ๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
https://www.prnewswire.com/news-releases/growing-need-for-bopp-metallized-films-to-create-us-3-72-bn-opportunity-by-2032--301571941.html
https://www.prnewswire.com/news-releases/magnesium-chloride-market-to-exceed-us-2-74-bn-by-2032-as-application-in-pharmaceutical-and-food--beverage-sectors-rises-301572903.html
https://www.prnewswire.com/news-releases/booming-motorsport-industry-to-steer-lap-timers-market-past-us-345-mn-by-2032-301573991.html
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