According to IMARC Group’s latest report, titled “Angioplasty Balloons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global angioplasty balloons market reached a value of US$ 2.4 Billion in 2020. Angioplasty balloons are inflated tipped catheters that are used to increase the flow of blood to the heart. These balloons are manufactured from materials such as nylon, polyurethane, and silicone urethane polymers and are available in normal, drug-eluting, scoring, and cutting balloon form. In recent years, angioplasty balloons have gained traction as they facilitate healthcare professionals and doctors to perform surgical procedures and open up the clogged blood vessel during an angioplasty procedure.
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The global angioplasty balloons market is primarily driven by the rising instances of obesity and high cholesterol levels. Besides this, the increasing use of angioplasty balloons in treating coronary and periphery artery diseases is also fueling market growth. In addition to this, the growing consciousness regarding minimally invasive (MI) procedures among people has increased the demand for drug-coated angioplasty balloons offering enhanced safety, effectiveness, and improved blood flow throughout the body. As a result, healthcare professionals increasingly prefer angioplasty balloons to treat artery disorders. Furthermore, research and development (R&D) activities in the field of medical science coupled with technological advancements, such as the introduction of imaging technology and angioplasty balloons that can be implanted without administering anesthesia, are also creating a positive outlook for the market. Looking forward, IMARC Group expects the angioplasty balloons market to grow at a CAGR of 3.21% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Abbott Laboratories
- Braun Melsungen AG
- BD (Becton, Dickinson, and Company)
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Cardinal Health Inc.
- Cook Medical LLC
- Endocor GmbH & Co. KG
- Johnson & Johnson
- Medtronic Inc.
- Terumo Corporation
Breakup by Product Type:
- Normal Balloons
- Cutting Balloons
- Drug Eluting Balloons
- Scoring Balloons
- Coronary Angioplasty
- Peripheral Angioplasty
- Nylon
- Polyurethane
- Silicone Urethane Co-Polymers
- Others
- Hospitals
- Ambulatory Surgery Centers
- Others
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Related Reports by IMARC Group:
Minimally Invasive Surgery Market: https://www.imarcgroup.com/minimally-invasive-surgery-market
Repiratory Care Devices Market: https://www.imarcgroup.com/respiratory-care-devices-market
High-performance Liquid Chromatography Market: https://www.imarcgroup.com/high-performance-liquid-chromatography-market
H1n1 Vaccines Market: https://www.imarcgroup.com/h1n1-vaccines-market
Point-of-care Diagnostics Market: https://www.imarcgroup.com/point-of-care-diagnostics-market
Negative Pressure Wound Therapy Market: https://www.imarcgroup.com/negative-pressure-wound-therapy-market
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