The research report “Angioplasty
Balloons Market
Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK,
France, Italy, Spain, Russia, Poland, China, India, Japan, Australia, Brazil,
Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development
Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”,
by Global Market Insights, Inc. says Angioplasty Balloons Market size is
projected to experience significant growth from 2017 to 2024.
Growing prevalence of cardiovascular
diseases such as coronary and peripheral artery disease will drive angioplasty
balloons market growth. Increasing geriatric population base will serve to be a
high impact rendering factor owing to their higher susceptibility towards heart
diseases. As per NIH data, coronary heart disease risk in men increases after
the age of 45 years. Increasing number of angioplasty procedures coupled with
growing demand for minimally invasive procedures will fuel industry growth.
Less recovery and hospitalization period associated with the procedure providing
the benefit of resuming regular work life soon will aid adoption.
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Growing obesity levels due to
lifestyle changes such as adoption of sedentary lifestyle with lack of physical
activity and consumption of fat and sodium rich junk foods will further fuel
growth. Increasing high blood pressure, unhealthy cholesterol levels and
diabetes prevalence is leading to a higher risk of heart diseases among the
population. Increasing incidence of smoking leading to blood vessel tightening
and damage along with decreased oxygen supply to tissues would boost procedure
demand. Angioplasty balloon technologies are witnessing rapid advancements. For
instance, cutting and drug eluting balloons have now been developed. Risks
associated with the procedure such as bleeding or infection at insertion site,
artery dissection or perforation may deter adoption.
Drug eluting angioplasty
balloons are forecast to exhibit robust growth over the forecast timeframe
owing to their advantages such as more homogenous drug distribution. Drug
eluting balloon on expansion releases the drug into the vessel wall and
prevents the buildup of neointimal scar tissue. The balloons also minimize the
need for implantation of foreign materials such as stents. Cutting balloons are
forecast to grow at rapid rate owing to their ability to reduce vessel stretch
and injury through longitudinal vessel scoring. They decrease the risk of
neoproliferative response by dilating the target vessels with less force.
Browse key industry insights from the report Angioplasty Balloons Market in detail along with the table of
contents:
Coronary angioplasty balloon segment is slated to witness lucrative
growth owing to the increasing prevalence of coronary heart disease. As per WHO
statistics, approximately 7.4 million people died due to coronary artery
disease in 2015. Hospitals as end-user of angioplasty balloons held significant
revenue share due to availability of advanced equipment and services along with
experienced and skilled staff.
U.S. angioplasty balloons market is forecast to undergo robust growth
over the forecast timeframe due to increasing prevalence of cardiovascular
diseases. As per American heart association, 1 out of 7 deaths in the country
was attributable to coronary heart disease. Growing elderly population along
with increasing obesity, blood pressure and type 2 diabetes rates will fuel
growth. Presence of major industry players in the region along with the
availability of advanced technology will further aid industry expansion. For
instance, U.S. FDA approved Lutonix 035 (C.R. Bard) in October 2014 and In.Pact
Admiral (Medtronic) in January 2015 for peripheral artery disease treatment.
Germany
angioplasty balloons market should undergo rapid growth due to increasing
incidence of heart diseases. Increasing number of angioplasty procedures is
leading to an increase in demand. Rising elderly population along with growing
obesity and diabetes prevalence will boost growth. The country has an advanced
healthcare infrastructure providing improved access for cardiovascular disease.
Presence of large number of PCI centers and increasing spending on
cardiovascular diseases should augment future industry expansion.
Prominent
industry participants include Medtronic, Abbott, Boston Scientific, C.R. Bard,
and BIOTRONIK. The industry players adopt strategies such as acquisitions,
geographical expansion and new product launch in order to enhance their market
position. For instance, in February 2015, Medtronic launched In.Pact Admiral
drug coated balloon in U.S. for treatment of patients suffering from peripheral
artery disease.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter
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