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Scoring Balloon Catheter Market

Scoring Balloon Catheter Market

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

Scoring Balloon Catheter Market
FACT148MR
  • Nov-2021
  • List of Tables : 211
  • List of Figures : 63
  • 170 Pages
  • Healthcare

Market Snapshot

The global scoring balloon catheter market size reached a valuation of around US$ 180 Mn in 2020, which amounts to just around 0.5% share of the overall catheter market.

Sales of scoring balloon catheters are slated to accelerate at a CAGR of 7% to top US$ 350 Mn by 2031. Demand for scoring balloon catheters for coronary artery diseases, which holds the highest market share, is set to increase at a CAGR of 6% across the assessment period of 2021 to 2031.

Scoring Balloon Catheter Market Size in 2020 US$ 180 Mn
Sales Forecast for Scoring Balloon Catheters by 2031 US$ 350 Mn
Global Market Growth Rate (2021 to 2031) CAGR 7%
Market Share of Top 5 Scoring Balloon Catheter Suppliers 50%

Revenue Analysis of Scoring Balloon Catheters from 2016-2020 Vs Market Outlook for 2021 to 2031

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

Scoring balloon catheter devices are witnessing steady demand from healthcare professionals globally. Increasing preference for scoring balloon catheters over conventional catheters attributed to their limited features in the healthcare industry will fuel market growth.

Scoring balloon catheters are used for dialysis of renal and peripheral vascular diseases. These devices also witness considerable demand among healthcare professionals due to the growing need for coronary artery disease treatment.

Growing demand for scoring balloon catheters for dialysis, high presence of scoring balloon catheter market players, and rising sales of scoring balloon catheter devices across regions are all expected to drive market growth at a 7% CAGR across 2021 - 2031.

Which are the Growth Determinants for the Market of Scoring Balloon Catheters?

Insufficient luminal expansion during treatment of fibrocalcific lesions through conventional devices and resistance to dilatation have led manufacturers to adopt scoring technology for the production of balloon catheters.

Conventional balloons are bound to lower patency rate and repetitive revascularization. Due to such factors, scoring balloon catheters are preferred during the treatment process as compared to conventional devices.

Attributed to the benefits of treating ISR without slippage, demand for scoring balloon catheters is more than conventional devices in the healthcare industry. Rising sales of coronary balloon catheters as well as growing advancements in catheter devices are driving market growth.

What Barriers are Encountered by Scoring Balloon Catheter Manufacturers?

Growing risk of artery collapse attributed to the catheterization process is predicted to hinder sales of scoring balloon catheters to some extent. Moreover, increasing risk of infections due to cardiac catheterization treatment is expected to pose challenges for scoring balloon catheter suppliers.

Such factors are likely to impact the growth of the cardiac catheterization market negatively over the forecast period.

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Which is the Most Profitable Regional Market for Scoring Balloon Catheter Suppliers?

North America is likely to be a major scoring balloon catheter revenue-generating region. Revenue in the North American market is set to grow 1.3X by 2031.

Presence of significant market players, growing healthcare expenditure, and increasing number of percutaneous coronary interventions are fueling market growth in the region.

Increased use of advanced technologies, rising demand for angioplasty scoring balloon catheters, and growing preference for less invasive procedures are expected to boost sales of coronary balloon catheters across North America.

Increasing adoption of scoring balloon catheters in Germany as well as growing demand for scoring balloon catheters in the U.K are all making a significant contribution to global market growth prospects for scoring balloon catheters.

Scoring balloon catheter market regional analysis by Fact.MR

Country-wise Analysis

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

The U.S. market for scoring balloon catheter devices is expected to increase 1.5X by 2031.

According to the Centers for Disease Control and Prevention (CDC), coronary heart disease accounted for 365,914 deaths in the United States in 2017, with roughly 20% of CAD deaths occurring in people under the age of 65.

Favorable regulatory situations, healthcare spending, and high presence of manufacturers of scoring balloon catheters in the U.S are fueling market growth.

How Lucrative is the Market for Scoring Balloon Catheter Producers in China?

China has a large geriatric population, which is the main reason driving demand for medical equipment such as scoring balloon catheters.

Presence of a large pool of people with heart diseases, growing healthcare spending, and new product launches by key medical device manufacturing companies in the country are expected to fuel growth of the angioplasty scoring balloon catheters market in China.

Rising awareness of cardiovascular illnesses, significant innovations in healthcare, and catheterization technology advancements are also driving market growth in China.

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Category-wise Insights

Why are Scoring Balloon Catheters for Coronary Artery Diseases in Such High Demand?

In terms of disease indications, coronary artery disease is projected to represent relatively high growth in revenue terms in the global market of scoring balloon catheter devices. Sales of scoring balloon catheters for coronary artery disease are expected to increase 2.1X over the decade.

Equipped with enhanced technology, scoring balloon catheters have brought respite to patients of coronary artery disease. Despite increasing risks of artery collapse during the catheterization process, scoring balloon catheters are expected to witness considerable demand in the healthcare sector.

Conventional balloons come with limitations such insufficient luminal expansion and bailout stenting due to uncontrolled dissection. Scoring technology enables superior luminal expansion through re-expansion of the original stent and effective mechanical dilatation of the neointimal tissue.

Technological developments in angioplasty combined with rising rates of coronary artery disease are likely to drive market growth. Increased demand for minimally invasive treatments and highly technological interventions for better clinical outcomes are expected to drive sales of scoring balloon catheters for coronary artery disease treatments.

Why is Demand for Scoring Balloon Catheters Highest from Hospitals?

The hospital segment is likely to account for a majority of the market share of scoring balloon catheters. Advanced healthcare infrastructure, rising availability of skilled labor, and affordability are elements driving demand for scoring balloon catheters in hospitals.

Furthermore, significant increase in the older population suffering from lifestyle disorders, including atherosclerosis and heart failure, is predicted to expand the patient pool and boost revenue generation from hospitals.

According to the American College of Cardiology, around 1.2 Mn angioplasties are performed in the United States each year. Furthermore, hospitals are likely to attract a big patient base due to their high accessibility and affordability when compared to specialty clinics.

COVID-19 Impact on Industry

Due to the current COVID-19 situation, there was restricted movement in hospitals. People were keen to avoid any form of surgery or diagnostic operations, except emergencies, to reduce the chance of catching COVID-19.

As a result of the various factors surrounding COVID-19, angioplasty surgeries were halted, which impacted the demand and production of scoring balloon catheters.

However, as limits were eased, increasing use of scoring balloon catheters for coronary artery diseases paved the way for more scoring balloon catheters industry opportunities all over the world.

Advancements in scoring balloon catheters and high presence of scoring balloon catheter suppliers are major growth factors of the scoring balloon catheter market.

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Competitive Landscape

To increase their market share, scoring balloon catheter key market players are working on balloon technology innovation as well as extending product indications and regions. Scoring balloon catheter dealers are also focusing on strategic mergers and alliances, as well as acquisitions.

Scoring balloon catheter manufacturers are also investing on R&D to improve product quality and reduce manufacturing costs, as well as developing unique products to increase patient compliance and safety, so as to gain a competitive advantage over their competitors.

Scoring 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
  • Raw Material
  • Indication
  • End User
  • Region
Key Companies Profiled
  • 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
  • Cardionovum GmbH.
Pricing Available upon Request

Key Segments in Scoring Balloon Catheter Industry Research

  • Raw Material        

    • Polyurethane Scoring Balloon Catheters
    • Nylon Scoring Balloon Catheters
    • Others
  • Indication   

    • Scoring Balloon Catheters for Coronary Artery Diseases
    • Scoring Balloon Catheters for Peripheral Vascular Diseases
    • Scoring Balloon Catheters for Renal Vascular Diseases
    • Others
      • Scoring Balloon Catheters for dialysis
      • Scoring Balloon Catheters for Angioplasty
  • End User      

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

Scoring Balloon Catheter Market: Report Scope

A recent study by Fact.MR on the scoring 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 scoring balloon catheters.

The study also provides the dynamics responsible for influencing the future status of the scoring 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 scoring 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 scoring 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 scoring 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 scoring 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 scoring 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 scoring 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 scoring 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 scoring balloon catheter market during the forecast period.

Country-specific valuation on demand for scoring 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 scoring balloon catheters, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering scoring 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 scoring balloon catheter market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of scoring 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 market for scoring balloon catheters is currently worth more than US$ 180 Mn.

From 2016-2020, market CAGR was recorded around 4% for scoring balloon catheters.

Growing prevalence of peripheral vascular and coronary artery diseases is fueling demand for scoring balloon catheter devices.

Sales of scoring balloon catheters in Canada are forecasted to top US$ 60 Mn by 2031.

Key players operating in this space are Medtronic Plc, B. Braun Melsungen AG, BIOTRONIK SE & Co. KG, Tokai Medical Products Inc., and Boston Scientific Corporation.

With 50% share, North America will largely contribute to the growth of global scoring balloon catheter revenue.

Scoring balloon catheter sales in Germany are expected to rise at a CAGR of 5% over the forecast period of 2021 to 2031.

Scoring balloon catheters for coronary artery diseases account for a share of 40% in the market.

The U.S., China, U.K, Germany, and France are expected to drive most demand for scoring balloon catheters.

The global market is expected to surge at a CAGR of 7% over the forecast period of 2021 to 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.