It is very important to select a catheter material on the basis of the following assessment; flexible catheters they reduce endothelium injuries but are very difficult to insert. The surface coating of the catheters are biologically active in numerous cases and so it is important to perform pilot studies to understand the data influencing changes due to material coatings used to manufacture catheters. Round tip catheters are injury free in comparison to the bevel ended tubing and square cut tubing.

The report scope of balloon catheters market comprises type of products such as cutting balloon catheters, normal balloon catheters, drug eluting balloon catheters, scoring balloon catheters, and stent graft balloon catheters. The material segment has the inclusion of polyurethane, nylon, and others. Market sizing and data forecasting has been given for these segments.

Data forecast and market estimation for the geography segment has been covered in the scope of report.

Competitive landscape is determined by three parameters, product portfolio, inception, and geographical presence. It is of prime importance to get a holistic view of the prevailing competition in balloon catheters market. Company profiles provide entire range of product portfolio of the companies mapped for balloon catheters market report. Porter’s five forces model will give a summary of business environment and trends existing in the balloon catheters market. The premier players operating in balloon catheters are Boston Scientific Corporation, B. Braun Melsungen AG, Abbott Laboratories, Inc., Biosensors International Ltd., Biotronik, Inc., Cardionovum GmbH, Cook Medical Inc., Cordis Corporation, JOTEC GmbH, Medtronic Plc, MicroPort Scientific Corporation and Terumo Corporation.

Balloon catheters is a soft tubular and flexible device with an inflated balloon at the tip which is used for dilating blood vessels and removing blockages such as atherosclerotic plaques accumulated in the blood vessels. The clinical applications of balloon catheters is used for drug delivery, stent placement, angioplasty and patient monitoring. Prominent players manufacturing balloon catheters are focusing on providing custom design balloon properties based on shape, material and process, customer feedback is taken to improvise dimensional properties, chemical resistance, burst pressure, surface finish, elasticity and tear strength. Drug eluting balloon catheter is going to showcase a remarkable growth owing to its advantage of restoring normal blood flow than other balloon catheters, and reduction in vessel fracture in comparison to other vessel implants e.g. stents. It enjoys early bird status due to expedited FDA approval as class II product which bypasses premarket approval for sale. Stent graft balloon catheters has tremendous demand in the endovascular treatment of thoracic aorta and abdominal diseases. Major players in balloon catheters market are JOTEC GmbH, Boston Scientific Corporation, B. Braun Melsungen AG, Abbott Laboratories, Inc., Biosensors International Ltd., Biotronik, Inc., Cardionovum GmbH, Cook Medical Inc., Cordis Corporation, Medtronic Plc, MicroPort Scientific Corporation and Terumo Corporation.

As per the report findings of Center for Disease Control and Prevention around 49 % of the United States population is having at least one of these three risk factors which are hypertension, high cholesterol and incessant smoking. North American balloon catheters market will experience significant growth due to increasing number of citizens undergoing angioplasty and expedited approval granted by USFDA to balloon catheters under class II medical device classification. Increasing geriatric population and drug addiction is responsible for the increasing demand of balloon catheters for treatment of heart complications, uterine catheterization and pyeloplasty. Asia Pacific has colossal opportunity in the balloon catheters market owing to increasing preference for minimal invasive surgery e.g. angioplasty and supportive regulatory environment for the balloon catheter products. Enhanced government spending and establishment of retail outlets for balloon catheters by the cardinal players will drive the Latin American and Middle East and African market.

The desirable properties for balloon catheters used for vascular treatment are that it should possess high resistance to kinking, good structural integrity, low bacterial adhesion, low thrombogenicity and long term biostability. Polyurethane is the material of first choice used for making medical devices. Polyurethanes unique properties makes it hemocompatible, biocompatible and its cross linking polymer provides high elongation and tensile strength which helps to avoid any vessel rupture during insertion and placement of stents. The others segment comprises materials such as silicone, polyolefin copolymer, polyethylene terephthalate and polyethylene etc., which are experiencing huge demand as these materials have features such as maximum pressure ratings, tensile strength, and flexibility to pass through the tortious anatomy. Polyethylene terephthalate possess excellent features such as high radial force, coefficient of friction and ease of insertion.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Balloon Catheters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Balloon Catheters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Balloon Catheters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Balloon Catheters market?
• Which is the largest regional market for Balloon Catheters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Balloon Catheters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Balloon Catheters market worldwide?