Coronary Balloon Products Market A Less Invasive Path to Open Arteries: The Expanding Role of Coronary Balloons

Coronary Balloon Products Market worth $1.18 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Coronary Balloon Products Market- (By Product (PTAC balloon, Nc balloon), By Material (Compliant Balloons, Non-Compliant, Semi-Compliant), By End-User (Hospitals, Cardiac Centres, Ambulatory Surgical Centres)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Coronary Balloon Products Market is valued at US$ 960.85 Mn in 2022, and it is expected to reach US$ 1188.30 Mn by 2031, with a CAGR of 2.5% during a forecast period of 2023-2031.

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Percutaneous transluminal angioplasty (PTA) and coronary balloon products are used in a minimally invasive endovascular procedure called angioplasty. This procedure aims to open narrowed or clogged arteries and restore blood flow. During angioplasty treatment, angioplasty balloons and balloon-tipped catheters are inserted into the artery and inflated, pushing plaque buildup against the arterial wall.

However, market expansion for these products faces some challenges. Hospitals have shifted personnel resources from cardiac departments to areas of higher demand, such as intensive care units (ICU) and emergency departments (ED). This reallocation may cause a temporary slowdown in market growth.

On a positive note, long-term market growth is still expected after this brief pause. However, the high cost of angioplasty procedures and potential post-operative complications are ongoing factors that could hamper overall market expansion.

List of Prominent Players in the Coronary Balloon Products Market:

• Koninklijke Philips N.V
• Medtronic plc
• Merit Medical System, Inc
• Oscor Inc
• Terumo Corporation.
• Abbott Laboratories,
• Angiodynamic
• Becton Dickinson
• Biotroni
• Boston Scientific Corporation
• Braun Melsungen AG
• Cook Medical
• Cordis, Endocor GmbH
• Infinity Angioblast balloon
• Johnson & Johnson

Market Dynamics:
Drivers-
Coronary Balloon Products has replaced open surgery as the preferred way for treating patients with coronary and peripheral artery illnesses due to the rising cases of CVD and the preference for minimally invasive procedures. There is an urgent need for precise treatment options with high success rates since cardiovascular illnesses are spreading rapidly worldwide.

The market for angioplasty balloons is expanding due to factors including the increasing geriatric population and the incidence of lifestyle-related illnesses. The frequency of chronic diseases, particularly cardiovascular disease, is anticipated to rise along with the ageing population, leading to an increase in hospital admissions and operations. In addition, the Coronary Balloon product market is anticipated to develop tremendously due to the growing number of innovative products that industry participants are launching to satisfy growing demand.

Challenges:
Some patients and healthcare providers may need more awareness or understanding of Coronary Balloon Products procedures, leading to underutilization or suboptimal adoption. Reimbursement policies vary across different healthcare systems and countries. In some cases, reimbursement for Coronary Balloon Products procedures may be limited or not cover the full cost, impacting patient access to these treatments.

Performing Coronary Balloon Products procedures requires skill and experience from the interventional cardiologist. In regions with limited access to experienced operators, the adoption of Coronary Balloon products may need to be improved. Coronary Balloon Products procedures can be expensive, including the cost of balloon catheters, hospital stay, medical staff, and post-operative care. The high cost of these procedures may limit accessibility for some patients or healthcare systems.

Regional Trends:
The North American Coronary Balloon Products market is projected to hold a significant market share. Elements such as a growing population, rapid urbanization, and increasing industrialization, along with extensive research and development efforts by prominent players, are expected to drive the growth of the Coronary Balloon Products market in the region. Additionally, Europe also has a substantial share of the market.

Europe is renowned for its well-established healthcare infrastructure, comprising a robust network of hospitals, clinics, and cardiac care centres. This healthcare infrastructure facilitates the widespread availability and accessibility of Coronary Balloon Products products and related medical services in the region.

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Recent Developments:
• In July 2021, Medtronic has just unveiled the Prevail™ drug coated balloon (DCB) Catheter in Europe subsequent to obtaining the CE (Conformité Européene) designation. The Prevail DCB, a recently developed coronary drug-coated balloon (DCB), was employed in percutaneous coronary intervention (PCI) interventions for the management of stenotic or occluded coronary arteries in individuals diagnosed with coronary artery disease (CAD).

• In November 2020, Infinity Angioplasty Balloon Co. unveiled its ground-breaking angioplasty balloon platform, the Infinity Angioplasty Balloon Catheter, after completing a first-in-human clinical trial.

Segmentation of Coronary Balloon Products Market-
By Product-
• PTAC balloon
• Nc balloon
By Material-
• Compliant Balloons
• Non-Compliant
• Semi-Compliant
By End-User
• Hospitals
• Cardiac Centres
• Ambulatory Surgical Centres
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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