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Scoring Balloon Catheter Market

Scoring Balloon Catheters for Coronary Artery Disease to Hold Over 40% Revenue Share in Global Market: Fact.MR Study

Published : 18 Nov 2021 Industry: Healthcare

As per Fact.MR, a market research and competitive intelligence provider, the global scoring balloon catheter market is anticipated expand at a CAGR of 7% and top a valuation of US$ 350 Mn by 2031.

Increasing prevalence of coronary artery disease has led to an upsurge in demand for scoring balloon catheter devices in the healthcare sector. Moreover, increasing demand for medical devices equipped with enhanced technology is projected to positively impact sales growth of scoring balloon catheters.

Manufacturers are adopting scoring technology for the production of balloon catheter devices in the healthcare sector. Healthcare professionals prefer using scoring balloon catheters over conventional catheter devices for the treatment of peripheral vascular diseases.

Growing adoption of advanced technology for healthcare and wellness, emergence of innovative products, and rising consumer concerns regarding heart diseases and their treatment are factors expected to drive demand for scoring balloon catheters over the next ten years.

Key Takeaways from Market Study

  • Global scoring balloon catheter market to top US$ 350 Mn by 2031.
  • Scoring balloon catheters for coronary artery disease projected to reach around US$ 160 Mn by 2031.
  • Scoring balloon catheters for peripheral vascular disease projected to record above 5% CAGR over next 10 years.
  • Market in North America holds share of more than 50%.
  • Market in France expected to reach valuation of US$ 70 Mn by 2031.
  • Market in Australia to record 4% CAGR over the forecast period of 2021- 2031.

“Latest innovations in healthcare devices, increase in number of catheterization laboratories, and expanding emerging markets will pave the way for new opportunities for scoring balloon catheter manufacturers over the coming years,” says a Fact.MR analyst.

Market Competition

To provide consumers with more accurate and effective healthcare, manufacturers are continuously focusing on the research & development of technologically improved medical products.

Key manufacturers of scoring balloon catheters are focusing on new product launches as well as mergers and acquisitions to assist them to develop their market across multiple geographies. Partnerships and collaborations are two of the most common strategies used by businesses to expand their market share.

Companies are also concentrating on reducing production waste and ensuring manufacturing sustainability. Key players are focusing on increasing market appeal and delivery, expanding their portfolios, and developing their brands.

More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the scoring balloon catheter market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study divulges essential insights on the market on the basis of, raw material (polyurethane, nylon, and others), indication (coronary artery diseases, peripheral vascular diseases, renal vascular diseases, and others), end user (hospitals, ambulatory surgical centers, and cardiac catheterization laboratories), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).

Fact.MR’s Domain Knowledge in Healthcare

Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Shambhu Nath Jha

Fact.MR

Sr. Consultant - Healthcare

E-mail: shambhu@factmr.com

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Scoring Balloon Catheter Market

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Scoring Balloon Catheter Market Size, Share, Trends Analysis Report by Raw Material (Polyurethane Scoring Balloon Catheters, Nylon Scoring Balloon Catheters), by Indication (Scoring Balloon Catheters for Coronary Artery Diseases, Scoring Balloon Catheters for Peripheral Vascular Diseases), by End User & Region – Industry Forecast 2021-2031