Cutting Balloon Catheter Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 211 | List of Figures : 63 | No. of Pages : 170 | Report Code : FACT145MR |

Adoption of cutting balloon catheter is expected to remain sluggish during the forecast period. This is primarily owing the arrival of better alternatives for undertaking minimally invasive endovascular procedures. Due to tremendous advancement in medical technology, a slew of advanced catheters have been developed to treat arterial atherosclerosis. In addition, rising prevalence of cardiovascular ailments is prompting the need for more efficient balloon catheters. Medical device manufacturers are focusing on developing multipurpose balloon catheters owing to a higher consumer preference for such devices. Factors as such are making a negative impact on the global sales of cutting balloon catheters. However, cutting balloon catheter will stay relevant to most healthcare settings as surgeons and physicians will continue to use them in various medical cardiovascular surgeries. As per the latest report published by Fact.MR, the global cutting balloon market will expand at a miniscule CAGR of 2.4% between 2017 and 2022.

A cutting balloon catheter is a medical device used in angioplasty procedures, and was invented by Barath et al. It allows percutaneous coronary interventions in arteries or veins. The device incorporates a distinctive tip with microsurgical blades, which can be activated by inflating the balloon.  Boston Scientific's Flextome is the one of the most commonly used cutting balloon catheter device.

Market Taxonomy

Indication

End User

Raw Material

Coronary Artery Disease

Hospitals

Polyurethane

Peripheral Vascular Disease

Ambulatory Surgical Centers

Nylon

 

Cardiac Catheterization Laboratories

Others

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

North America Spearheading the Global Cutting Balloon Catheter Market

The cutting balloon catheter market in North America is expected to remain attractive in 2017 and beyond. This is owing to existence of an advanced healthcare infrastructure coupled with the rising healthcare spending in countries such as the U.S. and Canada. Meanwhile, Europe is estimated to account for more than 30% revenue share of the market by 2017-end. The market in Asia-Pacific excluding Japan (APEJ) is projected to witness the higher CAGR during the forecast period.

On the basis of indication, the coronary artery disease cutting balloon catheter segment is projected to hold its dominant position over the assessment period. Currently, the segment accounts for close to 73% share of the market in terms of revenue. In addition, the segment is expected to reach a market valuation of over US$ 134 Mn towards the end of 2022.

Based on end user, the hospitals segment will retain its dominance over 2022. The segment is projected to surpass a valuation of US$ 121 Mn by the end of forecast period. The segment currently accounts for nearly 67% revenue share of the global market and is expected to create absolute $ opportunity of US$ 12 Mn from 2017 to 2022.

Competition Tracking

Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, Medtronic Plc., B. Braun Melsungen AG, BIOTRONIK SE & Co. KG, Cordis Corporation, Cook Medical Inc., MicroPort Scientific Corporation, Cardionovum GmbH, Meril Life Sciences Pvt Ltd, and Hexacath are the leading market players mentioned in the Fact.MR’s report. Majority of these player are concentrating on further production innovation.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Considering the rising prevalence of vascular disorders, medical device equipment manufacturers are focusing on launching more cost-efficient and advanced catheters in the market. This Fact.MR report analyzes the expansion of global cutting balloon catheter market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

Scope

The scope of Fact.MR’s report is to analyze the global cutting balloon catheter market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global cutting balloon catheter market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to medical devices & surgical instruments. 

Summary

The report commences with a brief information of the global cutting balloon catheter market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global cutting balloon catheter market.

Overview

The next section offers an overview of the global cutting balloon catheter market. This comprises an introduction to the market, along with a standard definition of the product – cutting balloon catheter. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period. 

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global cutting balloon catheter market, the report provides updates about market opportunities, which can benefit leading manufacturers of cutting balloon catheter. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for cutting balloon catheter manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global cutting balloon catheter market. Indication, end user, raw material and region are key segments that define the growth of the global market for cutting balloon catheter. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.   

The report’s last section comprises of the global cutting balloon catheter market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global cutting balloon catheter market.   

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Cutting Balloon Catheter Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022