Europe to be the Most Attractive Market for Modified Balloon Stent Catheters – Fact.MR Study
According to Fact MR’s recent market research, sales of Modified Balloon Stent Catheters to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Modified Balloon Stent Catheters market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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Digital Transformation in Healthcare Presenting Opportunities for Modified Balloon Stent Catheters Market Growth
Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.
Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Modified Balloon Stent Catheters market.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Modified Balloon Stent Catheters market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Modified Balloon Stent Catheters
The report offers actionable and valuable market insights of Modified Balloon Stent Catheters. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Modified Balloon Stent Catheters Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Modified Balloon Stent Catheters, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Modified Balloon Stent Catheters Market.
The global stent graft balloon catheter market will register a healthy expansion during 2017 to 2022. Revenues from the market are expected to surpass US$ 1,000 Mn by the end of 2022.
Usually utilized in bypass graft surgery as well as balloon angioplasty, stent graft balloon catheters prevent risks concerning occurrence of re-narrowing in patients undergoing angioplasty, and risks related to abrupt artery closure. Owing to these advantages offered by stent graft balloon catheters, their demand is witnessing a rise.
A gradual evolution has been observed in the stent graft balloon catheter market, from the simple stents to modification of balloon stent catheters. Since recent past, there has been a surge in hospital admissions caused by increasing cases of atherosclerosis, and soaring prevalence of CAD – coronary artery disease globally. Numerous developments have been realized in technology of balloon catheters, along with the hike in healthcare expenditure. These factors are expected to augment growth of the market. In contrast, high prices of angioplasty procedures has become a problem for population across developing and underdeveloped economies. This might act as an impeding factor for the market growth.
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Growth of the global stent graft balloon catheter market has been highly favored by the advent of drug eluting balloons. In addition, shifting preferences towards using balloons with drug delivery, and helping to deliver medications at local sites, has deemed them to be effective substitutes for administering drugs intravenously. Various new products developed are being approved for treatment of vascular diseases. For instance – recently, the FDA has approved use of expandable balloon stent graft introduced by the W.L. Gore & Associates to treat peripheral artery disease. Moreover, technology advancements in the stent graft balloon catheters, coupled with increasing awareness about angioplasty, and sophisticated healthcare infrastructure in developed economies are further poised to drive the market growth in the near future.
9 Key Estimations from Fact.MR’s Report on the Global Stent Graft Balloon Catheter Market
- Based on raw material, sales of polyurethane for producing stent graft balloon catheters will register a steady expansion, while sales of nylon are estimated to register a sluggish growth through 2022.
- Cardiac catheterization laboratories are anticipated to become the fastest growing end-users in the global stent graft balloon catheter market.
- Ambulatory surgical centres are expected to be the least lucrative end-users of stent graft balloon catheters.
- Hospitals will continue to be the largest end-user segment, with sales poised to reach nearly US$ 900 Mn by 2022-end.
- Sales of stent graft balloon catheters for coronary artery disease indication are projected to account for over two-third share of the market over the forecast period, in terms of revenues.
- Demand for stent graft balloon catheters from peripheral vascular disease indication segment will remain sluggish in the market.
- Although, the market in Middle East & Africa (MEA) is expected to register a sluggish expansion, sales of stent graft balloon catheter in this region are estimated to gain an uptick by 2022-end.
- Europe will continue to be the largest market for stent graft balloon catheter, with sales projected to exceed US$ 400 Mn in revenues by 2022-end.
- Key players contributing to growth of the market include Meril Life Sciences Pvt. Ltd., Abbott Laboratories, Hexacath, Cardionovum GmbH, Jotech GmbH, MicroPort Scientific Corporation, Boston Scientific Corporation, Terumo Corporation, Cook Medical INC, B. Braun Melsungen AG, Cordis Corporation, and Medtronic Plc.
Market Taxonomy
Indication - Coronary Artery Disease
- Peripheral Vascular Disease
End User - Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Laboratories
Raw Material - Polyurethane
- Nylon
- Others
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Report Benefits & Key Questions Answered
- Modified Balloon Stent Catheters Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Modified Balloon Stent Catheters Historical volume analysis: The report provides a comparison of Modified Balloon Stent Catheters’s historical sales and projected sales performance for 2021-2031.
- Modified Balloon Stent Catheters Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Modified Balloon Stent Catheters market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Modified Balloon Stent Catheters Consumption by demographics: The report investigates consumer behavior affecting Modified Balloon Stent Catheters demand outlook for the assessment period. Effect of their keenness for digital trends on Modified Balloon Stent Catheters market is carefully analyzed
- Post COVID consumer spending on Modified Balloon Stent Catheters: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Modified Balloon Stent Catheters market growth.
More Valuable Insights on Modified Balloon Stent Catheters Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Modified Balloon Stent Catheters, Sales and Demand of Modified Balloon Stent Catheters, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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