Global Angioplasty Balloons Market – A Report by Fact.MR
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global angioplasty balloons market. The angioplasty balloons market report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the angioplasty balloons market report elaborates the market behavior of each vendor operating in the angioplasty balloons market.
The angioplasty balloons market report considers the following years to present the overall market growth:
Estimated Year: 2025
Forecast Year: 2020 – 2025
Key findings of the angioplasty balloons market study:
Regional breakdown of the angioplasty balloons market based on predefined taxonomy.
Innovative manufacturing processes implemented by angioplasty balloons market vendors in detail.
Region-wise and country-wise fragmentation of the angioplasty balloons market to grasp the revenue, and growth outlook in these areas.
Changing preferences among consumers across various regions and countries.
Factors (Positive and Negative) impacting the growth of the global angioplasty balloons market.
Increase in cases of cardiovascular diseases has been observed of which the most common cause of fatality is known to be Heart disease. Balloon Angioplasty is witnessing increase in demand for treatment of medical conditions related to Heart. This surged demand boosts the global angioplasty balloons market. Major stake holders in the global market are embracing technological advancements. Technologically advanced devices amp up the speed of treatment of medical conditions that aid in making a ‘value-based’ healthcare ecosystem. Newer angioplasty balloons are being introduced by the major stake holders in order to enhance the patient outcome.
Drug-coated angioplasty balloons are the latest entrants in the global market. They are an upgraded version of general angioplasty balloon and have started gaining traction recently. These balloons are demanded for their number of benefits that includes supreme safety and greater effectiveness. Both these factors improve the Heart flow associated with Heart and result in enhanced medical outcomes. Drug coated balloons segment is estimated to own ̴30% of the global market. Latest Fact.MR report forecasts drug coated balloons market to grow at a rate of ̴4% during the forecast period 2020-2025.
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On the basis of balloon type, the angioplasty balloons market study consists of:
Normal Balloons
Cutting Balloons
Scoring Balloons
Drug Coated Balloons
On the basis of material, the angioplasty balloons market study incorporates:
Non-Compliant Balloons
Semi-Compliant Balloons
On the basis of region, the angioplasty balloons market study contains:
North America
Europe
Asia Pacific
Latin America
MENA
Key players analyzed in the angioplasty balloons market study:
Abbott Vascular
BIOTRONIK SE & Co.KG
Boston Scientific Corporation
Cook Medical, Inc.
Johnson & Johnson (Cordis Corporation)
R. Bard, Inc.
ENDOCOR GmbH
Medtronic, plc
NATEC Medical Limited
Spectranetics Corporation
Cutting balloons have witnessed wide application but their demand is gradually declining. They offered a better technique than the conventional types which amped up its demand in the initial days. But it also had certain drawbacks such as stiffness in operating the device and risks of developing complex lesions. These shortcomings hindered its popularity and decreased its demand. Customers diverted their focus towards technologically advanced options like drug-coated angioplasty balloons. Cutting balloons are known to be a prominent mark in evolution of angioplasty balloons.
Declining trend is observed in price of angioplasty balloons recently. This negative raise in price acts as a major market determinant. The rate of disease is increasing which is set to increase the demand for angioplasty balloons. High demand and low price is ought to negatively influence the revenue generated in the global market. Major stake holders have acknowledged the impact of price fluctuation and are devising competitive pricing strategies to gain competitive edge in the market.
Queries addressed in the angioplasty balloons market report:
Why are the angioplasty balloons market players targeting region for increased product sales?
What patented technologies are the players utilizing in the global angioplasty balloons market?
Which regions are displaying the fastest growth in the angioplasty balloons market?
What are the underlying micro- macroeconomic factors affecting the global angioplasty balloons market?
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