Global Micro Balloon Catheter Market Size study, By Material Type (Latex, Silicone, Others), By Indication (Coronary Artery Diseases, Peripheral Vascular Diseases), By End User (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories), and Regional Forecasts 2022-2028
Global Micro Balloon Catheter Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. A micro balloon catheter is an innovative medical device that is used to redistribute blood flow and access microcirculation. This catheter is inserted into the arm’s radial artery and leg’s femoral artery to treat constricted blood vessels. The rising inclination towards minimally-invasive procedures, growing incidences of cardiovascular diseases, and increasing technological advancements are the key factors fostering the market demand around the world. According to the World Health Organization (WHO) report 2021, cardiovascular diseases were responsible for approximately 17.9 million deaths in 2019, which exhibited around 32% of all deaths globally. Consequentially, the rising mortalities owing to cardiovascular diseases are burgeoning the demand for the Micro Balloon Catheter, which is augmenting the market growth in the impending years. However, the risk of artery collapse and infection is associated with balloon catheterization and the high costs of angioplasty procedures impede the growth of the market over the forecast period of 2022-2028. Also, the growing expenditure in the healthcare sector and the availability of several governments providing reimbursement policies are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Micro Balloon Catheter Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the availability of advanced healthcare services and growing patient awareness. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing number of patients undergoing cardiac surgeries, as well as increasing healthcare expenditure, would create lucrative growth prospects for the Micro Balloon Catheter Market across the Asia-Pacific region.
Major market players included in this report are:
Terumo Corporation
Cook Medical
Piolax Medical Devices Inc.
Boston Scientific Corporation
Stryker Corporation
Medtronic plc.
Edward Life Sciences Corporation
MicroPort Scientific Corporation
B. Braun Melsungen AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Latex
Silicone
Others
By Indication:
Coronary Artery Diseases
Peripheral Vascular Diseases
By End-User:
Hospitals
Ambulatory Surgical Centers
Cardiac Catheterization Laboratories
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Micro Balloon Catheter Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Terumo Corporation
Cook Medical
Piolax Medical Devices Inc.
Boston Scientific Corporation
Stryker Corporation
Medtronic plc.
Edward Life Sciences Corporation
MicroPort Scientific Corporation
B. Braun Melsungen AG
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook