Balloon Angioplasty Market To Amass USD 3.98 Bn Earnings

As per Zion Market Research study, Balloon Angioplasty industry accrued revenue worth nearly US$ 3.22 billion in 2021 and is anticipated to gain returns about US$ 3.98 billion by 2028. Additionally, Balloon Angioplasty market is prognosis to record CAGR of almost 4.4% in 2022-2028. Furthermore, Growth of balloon angioplasty market over forecast timespan can be credited to increase in minimally invasive surgical procedures for artery blockages.

In addition to this, technological breakthroughs have further enlarged scope of growth of balloon angioplasty industry. Product innovations made by manufacturers and clinical trials to test product efficiency are predicted to create new growth avenues for balloon angioplasty market in foreseeable future. Citing an instance, on 11th January 2021, Concept Medical Inc., focusing on vascular intervention drug delivery equipment, conducted IMPRESSION randomized controlled trials on subjects for determining efficacy of Magic Touch -AVF, a first sirolimus (drug) coated balloon which was provided “Breakthrough Device Designation” by U.S. FDA in 2019 for treating dysfunctional AVG and AVF. Reportedly, the as on 25th January 2022, the enrollment of subjects has crossed 50%.

Drug Eluting Balloons Segment To Register Fastest Growth In 2022-2028

Rapid growth of drug eluting balloons segment over forecast timespan is due to favorable compensation policies leading to huge sale of products. For the record, the sale of product hit its peak in 2017 and will continue to do so even in near future. Launching of new medical equipment and benefits provided by drug eluting balloons over normal ones as well as low costs will boost segmental surge.  

Coronary Segment To Lead Application Landscape By 2028

Expansion of coronary segment over forecasting years is subject to rise in cases of coronary artery ailments in individuals who are treated with help of balloon angioplasty.

ASCs Segment To Contribute Majorly Towards Balloon Angioplasty Market Share By 2028

Segmental growth over next six years can be ascribed to high demand for balloon angioplasty procedures in ASCs or ambulatory surgical centers. Apart from this, treatments at ambulatory surgical units are cost-effective and reduces overall healthcare expenditure for patients, thereby steering segmental surge.

Asia Pacific Balloon Angioplasty Market To Record Lucrative Growth Over 2022-2028

Expansion of balloon angioplasty industry in Asia Pacific over next few years can be credited to supportive government legislations and rise in healthcare spending in region. In addition to this, rise in investments made by key players in sub-continent for developing new kinds of balloons for angioplasty will favor regional market growth.  

Some of key players have strongly impacted growth of market and will continue to do so even in near future. They are Boston Scientific Corporation, BIOTRONIK, Terumo Corporation, Medtronic plc., Becton, Dickinson and Company, Cook Group Incorporated, and Cardinal Health, Inc.   

Browse the full “Balloon Angioplasty Market- By Product (Drug Eluting Balloons, Normal Balloons, Cutting Balloons, And Scoring Balloons), By Application (Peripheral And Coronary), And By End-Use (Hospitals, ASCs, And Cath Labs): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/balloon-angioplasty-market

The global Balloon Angioplasty Market is segmented as follows:

By Product

• Drug Eluting Balloons
• Normal Balloons
• Cutting Balloons
• Scoring Balloons

By Application

• Peripheral
• Coronary

By End-Use

• Hospitals
• ASCs
• Cath Labs

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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