The global scoring balloon catheter market is predicted to reflect a sluggish growth attributed to increasing risk of infection and artery collapse. Scoring balloon catheter devices witness a steady demand among the healthcare professionals globally. Increasing preference for scoring balloon catheters over conventional catheters attributed to limited features in the healthcare industry will fuel growth of the global market. Hospitals will witness steady growth in terms of consumption in the global market during the predicted period. Polyurethane will register the highest revenue growth in the global scoring balloon catheter market by the end of 2017. Coronary artery disease in terms of disease indication is expected to generate significant revenue in the global market in 2017.
Scoring Balloon Catheters are used for dialysis of renal and peripheral vascular diseases. These devices also witness a considerable demand among the healthcare professionals due to growing need for coronary artery diseases. Scoring balloon catheters witness more preference as compared to the conventional catheters attributed to uncontrolled dissection including insufficient luminal expansion.
According to Fact.MR's forecast, the global scoring balloon catheter market is expected to register a slow CAGR, and will represent a value of more than US$ 200 Mn by the end of 2022.
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)
Consumption in Healthcare Industry
Equipped with enhanced technology, scoring balloon catheters have brought respite to the patients of coronary artery disease. Despite increasing risks of artery collapse during the catheterization process, the scoring balloon catheters is expected to witness considerable demand in the healthcare sector. Conventional balloons are bound to limitations including insufficient luminal expansion and bailout stenting due to uncontrolled dissection. Scoring technology enables superior luminal expansion through re-expansion of original stent and effective mechanical dilatation of the neointimal tissue. Attributed to benefits of treating ISR without slippage, the scoring balloon catheters are more preferred over the conventional devices in the healthcare industry.
Preference over Conventional Devices
Moreover, insufficient luminal expansion during treatment of fibrocalcific lesion through conventional devices and resistance to the dilatation has led manufacturers to adopt scoring technology for production of balloon catheters. Conventional balloons are bound to lower patency rate and repetitive revascularization. Due to such factors, the scoring balloon catheters are more preferred during the treatment process as compared to the conventional devices.
However, growing risk artery collapse attributed to catheterization process is predicted to hinder growth of the global scoring balloon catheter by the end of 2022. Moreover, increasing risk of infections due to catheterization treatment is expected to pose challenges for the global market of scoring balloon catheters. Such factors are likely to impact growth of the global scoring balloon catheter market negatively during the predicted period.
Hospitals to Remain a Leading Segment
Coronary artery diseases is expected to witness the highest growth in terms of revenue in the global market. This segment is predicted to register the highest CAGR in APEJ. Coronary artery diseases will represent a value of nearly US$ 40 Mn in 2017. Peripheral vascular disease as compared to other disease indication is expected to represent the second highest revenue growth in the global scoring balloon market.
Hospitals is expected to represent the highest revenue growth in the global scoring balloon market by the end of 2022. Europe is predicted to represent the largest market share globally during the predicted period. Cardiac catheterization laboratories is expected to represent the second highest revenue growth in the global scoring balloon catheter market by 2022 – end. This segment is expected to register the highest CAGR growth in the global scoring balloon catheter market through 2022.
Polyurethane is predicted to register the highest CAGR as compared to the other raw materials in the global scoring balloon catheter market through 2022. In terms of revenue, nylon is expected to represent the highest growth in the global market. This segment is predicted to represent a value of over US$ 30 Mn in 2017. North America is expected to remain the largest market for nylon among other raw materials globally through 2022.
Market Players
Major market players operating in the global scoring balloon catheter market include Medtronic Plc, B. Braun Melsungen AG, BIOTRONIK SE & Co. KG, Tokai Medical Products Inc., Boston Scientific Corporation, Terumo Corporation, MicroPort Scientific Corporation, Jotech GmbH, Meril Life Sciences Pvt Ltd, Hexacath, Abbott Laboratories, Cordis Corporation, Cook Medical INC, and Cardionovum GmbH.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Scoring balloon catheter will witness steady demand among the healthcare professionals attributed to limited features of conventional balloon catheters. Growing prevalence of peripheral vascular diseases is predicted to fuel demand for scoring balloon catheter in the healthcare industry. Scoring balloon catheter will also be extensively used for treatment of coronary artery diseases, which is expected to contribute towards growth of the global scoring balloon catheter market. This Fact.MR report analyzes the expansion of global scoring 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 scoring 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 scoring 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 scoring balloon catheter.
Summary
The report commences with a brief information of the global scoring 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 scoring balloon catheter market.
Overview
The next section offers an overview of the global scoring balloon catheter market. This comprises an introduction to the market, along with a standard definition of the product – scoring 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 scoring balloon catheter market, the report provides updates about market opportunities, which can benefit leading manufacturers of scoring balloon catheter. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for scoring 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 scoring balloon catheter market. Indications, end users, raw materials, and region are key segments that define the growth of the global market for scoring 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 scoring 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 scoring balloon catheter market.
Research Methodology
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Scoring Balloon Catheter Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022