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Cutting Balloon Catheter Market

Cutting Balloon Catheter Market

Cutting Balloon Catheter Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Cutting Balloon Catheter Market
FACT145MR
  • Nov-2021
  • List of Tables : 211
  • List of Figures : 63
  • 170 Pages
  • Healthcare

Market Snapshot

As per latest industry analysis published by Fact.MR, the global cutting balloon catheter market reached a valuation of around US$ 180 Mn in 2020, which amounts to around 5% share of the overall balloon catherization market. Sales of cutting balloon catheters are slated to accelerate at a steady CAGR of 4% to top US$ 260 Mn by 2031. Demand for drug delivery cutting balloon catheters for coronary artery disease is set to increase at a CAGR of 3% across the assessment period of 2021 to 2031.

Market Size Value in 2020 US$ 180 Mn
Market Forecast for 2031 US$ 260 Mn
Global Growth Rate (2021 to 2031) 4% CAGR
Share of Top 5 Companies 40%

Demand Analysis of Cutting Balloon Catheters 2016 to 2020 Vs Market Outlook for 2021 to 2031

As per Fact.MR, a market research and competitive intelligence provider, the global market for cutting balloon catheters was valued at US$ 180 Mn in 2020.

The cutting balloon catheter, which is an inflatable balloon, was invented by Barath et al., and is used in angioplasty procedures. Percutaneous coronary interventions in arteries or veins are possible with these catheter devices. The device features a unique tip with microsurgical blades that are activated by inflating the balloon. When stents are used along with a balloon catheter, it is known as a balloon expandable stent, unlike self-expandable stents, and these are mostly made from nitinol alloy.

Rising cardiac diseases and old age population and numerous advantages of cutting balloon catheters are primary factors boosting the sales of cutting balloon catheters across geographies.

Moreover, the market is expected to grow due to rising prevalence of peripheral vascular diseases and also various developments in catheterization technology, thereby driving demand for angioplasty balloons.

Growing awareness among individuals about cardiovascular diseases due to initiatives by government and non-government organizations is projected to fuel demand for cutting balloon catheter devices over the forecast period.

All of these factors are expected to drive the market at a 4% CAGR across 2021 to 2031, and raise the popularity of the market for cutting balloon catheters.

How are Advancements in Medical Technology Fueling Market Growth?

The market for angioplasty balloons is expected to be driven by technological advancements and increased R&D. Furthermore, use of cutting balloon catheters for treatment is likely to increase among patients suffering from end-stage renal disease, with a majority of these patients undergoing catheter surgery.

Rising advanced cutting balloon catheter announcements by main players for coronary heart disease and peripheral heart disease treatment are expected to boost sales of cutting balloon catheter devices over the coming years.

Furthermore, growing cases of cardiovascular diseases require the development of more efficient cutting balloon catheters. Due to increased customer demand for such devices, cutting balloon catheter device manufacturers are concentrating their efforts on developing advanced products.

What Restraints being Faced by Manufacturers of Cutting Balloon Catheters?

Other improved options for performing minimally invasive endovascular procedures and dearth of qualified professionals are hampering market growth of inflatable balloon catheters to some extent.

The market is also expected to be hampered by the high price of angioplasty procedures, chance of infection, and artery collapse associated with balloon catheterization.

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Which Region is a Lucrative Market for Cutting Balloon Catheter Manufacturers?

North America will continue to be the leading market for cutting balloon catheters over the next ten years. Revenue from the North American region will grow 1.3X by 2031.

Presence of well-established healthcare sector in the region is mainly responsible for this. Furthermore, factors such as growing healthcare expenditure and rising healthcare awareness are assisting market growth in the region. Also, because of increased regulatory approvals and product launches in the region, North America is expected holds the largest share in the market.

All in all, growing demand for coronary artery disease cutting balloon catheters in Canada, rising sales of nylon cutting balloon catheters in Argentina, and increasing demand for peripheral cutting balloon catheters in the U.K. are all making a significant contribution to global market growth prospects for cutting balloon catheters.

Cutting balloon catheter market regional analysis by Fact.MR

Country-wise Analysis

What is the Demand Outlook for Cutting Balloon Catheters in the U.S.?

The U.S dominates the global market for cutting balloon catheters in terms of revenue. The U.S. cutting balloon catheter market is expected to increase 1.4X in valuation by 2031.

Large patient population, rapid technological advancements, and rising healthcare spending in the U.S. are expected to boost demand for cutting balloon catheter devices. Increasing adoption of cutting balloon catheters for coronary artery disease treatment, rising sales of nylon cutting balloon catheters, and presence of major cutting balloon catheter manufacturers in the U.S are factors driving market growth in the country.

Why are Sales of Cutting Balloon Catheters Flourishing in China?

As people become more aware of personal care and treatment, the market in China is growing. Moreover, market growth in China is expected to be complemented over the decade due to the growing geriatric population, increasing demand for nylon cutting balloon catheters, and rising incidence of chronic diseases.

Rising demand for cutting balloon catheters from cardiac catheterization laboratories and growing use of cutting balloon catheters for angioplasty patients are also major factors driving market growth in China.

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Category-wise Insights

Why are Cutting Balloon Catheters for Coronary Artery Disease Gaining Immense Popularity in the Market?

Demand for cutting balloon catheters for coronary artery disease is expected to increase 1.2X over the next ten years.

According to the Centers for Disease Control and Prevention (CDC), coronary artery disease was the leading cause of death in the United States in 2017, killing 365,914 people. Coronary artery disease (CAD), or coronary heart disease (CHD), is a severe disease that arises when plaque forms in the coronary arteries that supply oxygen-rich blood to the heart.

A cutting balloon catheter is an advanced percutaneous coronary intervention device. Without the need for open heart surgery, cutting balloon catheters help blood flow from the arteries to the heart muscles.

Technological advancements in angioplasty, rising rates of coronary artery disease, and increased adoption of cutting balloon catheters for coronary artery disease are expected to drive market growth.

Why is Demand for Cutting Balloon Catheters Highest from Hospitals?

The global market for cutting balloon catheters is dominated by hospitals.

Growing patient pool, increased demand for efficient and effective treatment procedures with shorter recovery times, and improved healthcare infrastructure are factors driving growth of the segment across the world. The market is growing due to an increase in the use of advanced technologies in hospitals as well as high requirement for minimally invasive surgical procedures.

Based on end user, sales of cutting balloon catheters will continue to stay especially high in hospitals.

COVID-19 Impact on Industry

The COVID-19 pandemic changed the way the world looked at healthcare. After the pandemic hit in 2020, healthcare and medical industries underwent significant changes.

Because of the pandemic, chronic disease management and patient monitoring were severely disrupted, and many heart patients were unable to visit hospitals. As a result, demand for peripheral cutting balloon catheters decreased, resulting in revenue loss for the balloon catheters market.

However, as soon as restrictions were eased/lifted, there was a surge in demand for these devices all over the world. The world is expected to see some major changes to healthcare infrastructure in the post-pandemic era, and these changes will come from the fundamental blocks that were previously thought to be strong and effective.

The market has been sluggish for a while, but it has revived fast and created a favorable environment for the growth of the cutting balloon catheter market in 2022.

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Competitive Landscape

Several major market players are concentrating their efforts on forming effective joint ventures, acquisitions, and/or collaborations to expand their respective customer bases. Leading manufacturers of cutting balloon catheters are concentrating their efforts on new product developments and launches to increase their market share.

With constant development in the healthcare industry, cutting balloon catheter manufacturers are keeping a record of the latest advancements to formulate key business strategies.

Cutting Balloon Catheter Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis Value in US$ Mn, Volume in Units
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East Africa
Key Countries Covered
  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • Italy
  • France
  • U.K
  • Nordic
  • Spain
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Australia
  • GCC Countries
  • South Africa
  • Turkey
Key Market Segments Covered
  • Indication
  • Raw Material
  • End User
  • Region
Key Companies Profiled
  • 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
  • Hexacath
Pricing Available upon Request

Key Segments Covered in Cutting Balloon Catheter Industry Research

  • Indication   

    • Cutting Balloon Catheters for Coronary Artery Disease
    • Cutting Balloon Catheters for Peripheral Vascular Disease
  • Raw Material        

    • Polyurethane Cutting Balloon Catheters
    • Nylon Cutting Balloon Catheters
    • Others
  • End User      

    • Cutting Balloon Catheters for Hospitals
    • Cutting Balloon Catheters for Ambulatory Surgical Centers
    • Cutting Balloon Catheters for Cardiac Catheterization Laboratories

Cutting Balloon Catheter Market: Report Scope

A recent study by Fact.MR on the cutting balloon catheter market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with cutting balloon catheter market!

The study also provides the dynamics responsible for influencing the future status of the cutting balloon catheter market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing cutting balloon catheters, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of cutting balloon catheters across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of cutting balloon catheters during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for cutting balloon catheters?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the cutting balloon catheter industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for cutting balloon catheter is available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global cutting balloon catheter market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the cutting balloon catheter market during the forecast period.

Country-specific valuation on demand for cutting balloon catheters has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of cutting balloon catheters, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering cutting balloon catheters have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the cutting balloon catheter market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of cutting balloon catheter market and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global cutting balloon catheter market is currently worth more than US$ 180 Mn.

From 2016-2020, sales of cutting balloon catheters registered a CAGR of 2%.

Rise in prevalence of various chronic heart diseases and increased healthcare spending are trends driving demand for cutting balloon catheters.

Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, Medtronic Plc., and B. Braun Melsungen AG are some renowned manufacturers of cutting balloon catheters.

North America, with 40% global market share, will largely contribute to growth of cutting balloon catheter revenue.

Sales of cutting balloon catheters in Japan will most likely increase at a CAGR of 2% over the next ten years.

Cutting balloon catheters for coronary artery disease continue to be the highest revenue-generating segment, accounting for 50% of global revenue.

Sales of cutting balloon catheters in Germany are forecasted to reach over US$ 55 Mn by 2031.

The U.S., China, Germany, Canada, and Russia are expected to drive most of the demand for cutting balloon catheters.

The market for cutting balloon catheters is expected to expand at 4% CAGR from 2021-2031.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.