The global Balloon Angioplasty Market accrued earnings worth approximately 3.22 (USD Billion) in 2021 and is predicted to gain revenue of about 3.98 (USD Billion) by 2028, is set to record a CAGR of nearly 4.4% over the period from 2022 to 2028.
The global Balloon Angioplasty Market accrued earnings worth approximately 3.22 (USD Billion) in 2021 and is predicted to gain revenue of about 3.98 (USD Billion) by 2028, is set to record a CAGR of nearly 4.4% over the period from 2022 to 2028. The study provides an assessment and analysis of the Balloon Angioplasty Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Balloon angioplasty is a specially devised catheter with tiny balloons in a carefully guided artery to the blockage. It is then inflated for widening the opening of the artery and then increases the flow of blood to the heart. Afterward, the stent is placed in the artery at the time of this procedure for keeping the artery open. Then the balloon is shrunk and then removed from the artery. Precisely, balloon angioplasty is a kind of minimally invasive cardiac catheterization method that is utilized for opening narrow or blocked arteries.
The surge in minimally invasive surgeries and technological breakthroughs has steered demand for balloon angioplasty surgical procedures in recent years, thereby driving market trends. Moreover, an increase in cases of cardiac disorders will prop up the expansion of the balloon angioplasty market in years to come.
Nevertheless, balloon angioplasty is restricted due to unpredictable procedural consequences owing to vessel recoil & dissection as well as high restenosis rate, thereby restricting the expansion of the balloon angioplasty industry. However, the launching of drug-eluting stents providing anti-proliferative agents has remarkably reduced the restenosis rate, thereby offsetting the impact of hindrances on market growth.
Furthermore, breakthroughs in intracoronary imaging techniques and adjunct pharmacotherapies will create new growth avenues for the balloon angioplasty industry in the ensuing years.
Report Attributes | Report Details |
---|---|
Report Name | Balloon Angioplasty Market Research Report |
Market Size in 2021 | USD 3.22 Billion |
Market Forecast in 2028 | USD 3.98 Billion |
Compound Annual Growth Rate | CAGR of 4.4% |
Number of Pages | 182 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | BIOTRONIK, Medtronic plc., Boston Scientific Corporation, Becton, Dickinson and Company, Cook Group Incorporated, Terumo Corporation, and Cardinal Health, Inc. |
Segments Covered | By Product, By Application, By End-Use, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2022 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Make Notable Contributions Towards Regional Market Size By 2022-2028
The growth of the balloon angioplasty market in North America in forecasting years can be credited to the presence of giant players in the region. In addition to this, changing life patterns and an increase in the number of obese individuals prone to heart disorders due to unhealthy diet intake in countries such as the U.S. will prop up the expansion of the balloon angioplasty industry.
Key players profiled in the study and influencing the growth of the market are:
FrequentlyAsked Questions
The global Balloon Angioplasty market is projected to expand over 2022-2028 the rise in minimally invasive procedures and scientific advancements have influenced balloon angioplasty surgery demand in recent years, influencing market developments. In addition, a rise in heart illnesses will support the balloon angioplasty market's growth in the years to come.
The global Balloon Angioplasty market is led by players like BIOTRONIK, Medtronic plc., Boston Scientific Corporation, Becton, Dickinson and Company, Cook Group Incorporated, Terumo Corporation, and Cardinal Health, Inc.
According to study, The global Balloon Angioplasty Market accrued earnings worth approximately 3.22 (USD Billion) in 2021 and is predicted to gain revenue of about 3.98 (USD Billion) by 2028, is set to record a CAGR of nearly 4.4% over the period from 2022 to 2028.
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