Sarasota, FL, Dec. 27, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Angioplasty Balloons Market by Product (Drug Eluting Balloons, Normal Balloons, Cutting Balloons, and Scoring Balloons) Market by Material (Semi-Compliant Balloons and Non-Compliant Balloons): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021”. According to the report, global demand for angioplasty balloons market was valued at around USD 1.95 billion in 2015 and is expected to generate revenue of around USD 2.41 billion by end of 2021, growing at a CAGR of around 4.3% between 2016 and 2021.
Angioplasty is usually carried out as an alternative to heart surgery as a minimally invasive procedure, where a stent is inserted into the blood vessel to keep it open. Angioplasty balloons are used during the angioplasty procedure. Balloon angioplasty involves the inclusion of a small balloon into a narrowed section of an artery where the balloon is inflated, which results in opening up the artery and improving blood flow.
Browse through 27 Market Tables and 20 Figures spread over 110 Pages and in-depth TOC on “Global Angioplasty Balloons Market: By Product, Material, Device Type, Size, Share, Analysis, Segment and Forecast 2015-2021”.
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Global angioplasty balloons market is primarily driven by growing incidences of target disease such as peripheral artery diseases, diabetes, etc. Other major driving factors for the growth of angioplasty balloons market are growing geriatric population coupled along with the introduction of technologically advanced diagnostics. However, the increase in the number of market players has resulted in a price war which is a major restraint that may curb the growth of the market. Nonetheless, technological advancements and emerging markets across the globe are likely to disclose the new avenues for angioplasty balloons market in the near future.
The angioplasty balloons market is segmented on the basis of different products including drug eluting balloons, normal balloon, cutting balloon, and scoring balloon. In 2015, normal balloon segment was the largest segment in angioplasty balloons market and accounted for largest share of the total market. Normal balloon segment is expected to continue its dominance, whereas drug eluting balloons segment is expected to be the fastest growing segment over the forecast period.
Browse the full "Angioplasty Balloons Market by Product (Drug Eluting Balloons, Normal Balloons, Cutting Balloons, and Scoring Balloons) Market by Material (Semi-Compliant Balloons and Non-Compliant Balloons): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021" report at https://www.zionmarketresearch.com/report/angioplasty-balloons-market
Semi-compliant balloons and non-compliant balloons are the key material segment of the global angioplasty balloons market. The semi-compliant balloons materials segment dominated the market in terms of revenue. Semi-compliant balloons are expected to continue dominating over the forecast period as result of their wide use. Factors such as minimally invasive surgery requirement of less pressure required to induce deformation and generation of the lesser amount of stress on the vessel.
North America represents developed regional markets for angioplasty balloons and expected to see the stable growth through the next few years. North America holds more than 30% share of global angioplasty balloons market. Growing strongly established pharmaceutical industry coupled along with the occurrence of peripheral artery diseases and diabetes is driving angioplasty balloons industry in this region. Moreover, advanced healthcare infrastructure and high disposable income in this region are expected further boost the demand for angioplasty balloons market in North America.
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Europe is the second largest market for angioplasty balloons. The increase in a number of elderly population in this region is expected to drive angioplasty balloons market. Asia Pacific is another leading regional market and is expected to be the fastest regional segment for the angioplasty balloons market within the forecast period. In Asia, high unmet demand is boosting the demand for angioplasty balloons. Changing lifestyle, increasing consumption of fast food, lack of exercise, etc. is driving the angioplasty balloons market in this region.
As a result of increasing health awareness in Brazil, Latin America regional market is expected to grow at a noticeable growth rate. The Middle East & Africa is expected to grow at a moderate growth rate during the forecast period.
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Some of the key players in angioplasty balloons market include NATEC Medical, Cook Medical, Medtronic plc, C.R. Bard Inc., Boston Scientific Corporation, Spectranetics Corporation, ENDOCOR GmbH, BIOTRONIK SE & CO. KG, Cordis Corporation, Abbott Laboratories and Opto Circuits Ltd. among others.
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This report segments the global angioplasty balloons market as follows:
Global Angioplasty Balloons Market: Product Segment Analysis
- Drug Eluting Balloons
- Normal Balloons
- Cutting Balloons
- Scoring Balloons
Global Angioplasty balloons Market: Material Segment Analysis
- Semi-Compliant Balloons
- Non-Compliant Balloons
Global Angioplasty Balloons Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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