Global angioplasty balloons market forecast

Comprehensive angioplasty balloons industry analysis carried out by the analysts at Technavio has shown that the global angioplasty balloons industry growth is predicted at a moderate CAGR of over 3% from 2016 to 2020. Much of this market’s growth can be attributed to the recent emergence of digital cath labs in hospitals. Cath labs or cardiac catheterization laboratories in hospitals have the capability to carry out diagnostic and therapeutic procedures, and can also be used to conduct normal procedures such as the monitoring of blood flow and heart pressure. Recent advances in technology, especially in the area of catheterization, like robot-assisted catheterization for percutaneous coronary intervention (PCI), has led to the development of advanced digital imaging systems. As these systems help to improve the detection and intervention of cardiac diseases, its demand among healthcare end users will rise substantially over the next four years.

This angioplasty balloons industry analysis considers three key regions to estimate this market’s growth rate during the forecast period. Out of the three regions considered for estimating this market’s growth potential, the Americas is predicted to account for more than 40% of the overall market share by 2020. The strong growth of this market in the Americas can be attributed to the high adoption of balloon angioplasty devices for carrying out angiographic procedures as they are minimally invasive. Since these devices improve the quality of life, offer better patient healthcare benefits, and minimize hospital stays, its demand among the patients will increase substantially during the predicted period.

Competitive landscape and key vendors

The global angioplasty balloons market will exhibit steady growth and is characterized by the presence of numerous global and regional vendors that offer a wide range of angioplasty balloons. The vendors that have the capability to utilize advanced technologies to develop new products or upgrade their existing portfolio will gain a competitive edge over their peers. Additionally, to gain maximum market shares, vendors are also formulating various strategies to remain competitive in the market.

Key vendors in the market are 

• Abbott Laboratories
• Boston Scientific
• C. R. Bard
• Medtronic

Other prominent vendors in this market are Aachen Resonance, Acrostak, Alvimedica Medical devices, AMG International, Angioslide, Arthesys, Asahi Intecc, Atrium Medical, AV Medical, Biotronik, BrosMed, C.R. Bard, Cardionovum, Cook Medical, Gadelius Medical, Kaneka Medix, Lepu Medical, Medinol, Meril Life Sciences, MicroPort Scientific, Natec Medical, QT Vascular, SHOCKWAVE Medical, Smiths Medical, Spectranetics, STENTYS, Svelte medical, Teleflex, Tokai Medical, and US Endovascular.

Product-based segmentation and analysis of the angioplasty balloons market

• Normal balloon catheter
• DEB catheter
• Cutting balloon catheter
• Scoring balloon catheter

According to the angioplasty balloons market statistics, the normal balloon catheter segment dominated this market by accounting for an impressive market share of more than 73%. The ability of these catheters to treat coronary artery obstructions will result in its increased adoption during the estimated period. These catheters are placed at the site of plaque formation and bloated to compress the plaque against the arterial wall, leading to the expansion and opening of the artery for increased blood flow to the heart.

Segmentation by end-users and analysis of the angioplasty balloons market

• ASCs
• Hospitals
• Physicians’ offices

Based on the angioplasty balloons industry insights, the ambulatory surgery centers (ASCs) segment dominated this market by accounting for a market share of more than 50% in 2015. ASCs provide a broad range of medical services and conduct surgical and non-surgical procedures in outpatient settings. Since it helps minimize the medical expenses and the duration of hospital stays, its demand among the patients will increase substantially over the next few years.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global angioplasty balloons industry growth?
• What are the key market trends impacting the global angioplasty balloons industry growth?
• What are the challenges to market growth?
• Who are the key vendors in the global angioplasty balloons market?
• What are the market opportunities and threats faced by the vendors in the global angioplasty balloons market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global angioplasty balloons market?

Technavio also offers customization on reports based on specific client requirement.

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