Market Analysis: Global Balloon Catheter Market
Market Definition: Global Balloon Catheter Market
Balloon Catheter is an innovative medical device that comprises guidewire and catheter, which is inserted into the femoral artery in the leg or sometimes into the radial artery in the arm to treat constricted blood vessels. Balloon catheter also includes minimally-invasive procedure for opening blocked or narrowed coronary arteries caused by coronary arteries disease (CAD).
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Increasing prevalence of cardiovascular diseases is going to drive the growth of market.
Increase in surgical procedures
Increasing geriatric population is going to act as driving agent for the market.
Growing healthcare expenditure is going to act as restrain for the market.
Segmentation: Global Balloon Catheter Market
By product type
Normal Balloon Catheter
Cutting Balloon Catheter
Scoring Balloon Catheter
Drug Eluting Balloon Catheter
Stent Graft Balloon Catheter
By Raw Material
Coronary Artery Disease
Peripheral Vascular Disease
By End User
Public Hospitals & Private Hospitals
Ambulatory Surgical Centers,
Cardiac Catheterisation Laboratories
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
United Arab Emirates
Rest of Middle East and Africa
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Key Developments in the Market:
In May 2016, Cook Medical initiated a voluntary recall of 4,146,309 catheters with Beacon Tip technology. Catheters with Beacon Tip technology will exhibit polymer degradation of the catheter tip, resulting in tip fracture and/or separation, which will be resulted as 30 Medical Device Reports to date. Catheters with Beacon Tip technology are mainly used by physicians who are trained and experienced in each of the procedures for which these devices are used.
In September 2015, Cook Medical launches the Advance Salivary Duct Balloon Catheter Set. The product is designed to dilate strictures in the submandibular and parotid salivary ducts.
This set contains a hydrophilic-coated balloon catheter with a wire guide. There is a clinical need for more effective minimally invasive treatment options for salivary duct strictures
Competitive Analysis: Global Balloon Catheter Market
Key Market Competitors: Global Balloon Catheter Market
Global Balloon Catheter market is dominated by Boston Scientific Advancing science for life, B. Braun Melsungen AG, Medtronic, Cordis A Cardinal Health company, Terumo Corporation, Cook Medical, MicroPort Scientific Corporation, Jotech GmbH, Tokai Medical Products Inc., QXMedical, Meril Life Sciences Pvt. Ltd., Hexacath, Abbott, Biosensors International Group Ltd, Cardionovum GmbH, Biotronik Inc, and. among others.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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