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Stent Graft Balloon Catheter Market

Stent Graft Balloon Catheter Market

Stent Graft Balloon Catheter Market Size, Share Report Analysis by Product Type (Compliant Balloon Stent Catheters, Non-compliant Balloon Stent Catheters), by Indication (Coronary Artery Disease, Peripheral Vascular Disease), by Raw Material (Polyurethane, Nylon Stent Graft Balloon Catheters), by End-use & Regional Forecast to 2031

Stent Graft Balloon Catheter Market
FACT149MR
  • 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 stent graft balloon catheter market reached a valuation of around US$ 800 Mn in 2020, which amounts to around 3.5% share of the overall catheter market. Sales of stent graft balloon catheters are slated to rise at a CAGR of 7% to top US$ 1.6 Bn by 2031. Demand for compliant balloon stent catheters is high, and is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.

Stent Graft Balloon Catheter Market Size in 2020 US$ 800 Mn
Sales Forecast for Stent Graft Balloon Catheters by 2031 US$ 1.6 Bn
Global Market Growth Rate (2021 to 2031) 7% CAGR
Share of Top 5 Companies 50%

Demand Analysis of Stent Graft Balloon Catheters (2016 to 2020) Vs Market Outlook (2021 to 2031)

As per Fact.MR, a market research and competitive intelligence provider, the global market for stent graft balloon catheters was valued at US$ 800 Mn in 2020.

Stent graft balloon catheters are generally used to expand vascular prosthesis, or at times, temporary occlusion of huge vessels, and are thereby used in several endovascular treatments of thoracic, aortic, and abdominal diseases.

Usually, stent graft balloon catheter devices are adopted in balloon angioplasty and stenting. These stents prevent risks related to re-narrowing that occurs in several patients undergoing angioplasty, as well as risks associated with abrupt artery closure. On the back of these benefits, demand for stent graft balloon catheters is on the rise across regions.

Sophisticated healthcare infrastructure, rising awareness about balloon angioplasty procedures, and growing demand for E-xpand stent graft balloon catheters are further expected to influence the growth of the market over the coming years.

Increasing sales of compliant balloon stents catheters and prominent presence of endovascular stent graft manufacturers are also driving market growth.

All of these factors are expected to drive the market at 7% CAGR across 2021 to 2031 and raise the utilization of stent graft balloon catheters.

What are the Main Factors Fueling Market Growth for Stent Graft Balloon Catheters?

Growing demand for balloon catheter stenting and the introduction of advanced technologies in balloon catheters are projected to drive the market growth for stent graft balloon catheters over the forecast period.

The market is mainly dominated by trends such as the introduction of drug eluting balloons. Also, there is increasing inclination to opt for balloons with drug delivery, which can deliver medication at the local site, and is an effective alternative for administering drugs intravenously.

Growing use of E-xpand stent graft balloon catheters in the endovascular treatment of abdominal diseases and rising opportunities for endovascular stent graft manufacturers are expected to dominate the market for stent balloon angioplasty over the coming years.

What are the Restraints being Faced by Stent Graft Balloon Catheter Manufacturers?

Angioplasty procedures are unaffordable, particularly for populations in underdeveloped and developing economies, which, in turn, might restrain demand for stent graft balloon catheter devices.

Growth of the market is being hampered by rising reimbursement issues as well as increased risk of infection and artery collapse.

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Which Region is a Lucrative Market for Stent Graft Balloon Catheter Suppliers?

Europe is estimated to be the most attractive market for balloon catheter angioplasty, and especially for stent graft balloon catheters. Revenue in the European regional market is expected to grow 1.4X by 2031.

The market is expected to witness healthy growth in the region due to increasing prevalence of coronary artery disease and the rise in per capita expenditure on healthcare. Also, it has been analyzed that balloon catheter stenting for coronary applications has been widely adopted in clinical practice, and is associated with improved health outcomes in Europe.

Growing demand for stent graft balloon catheters in Canada and rising sales of polyurethane stent graft balloon catheters in Germany are all making a significant contribution to global market growth prospects for stent graft balloon catheter suppliers.

Stent graft balloon catheter market regional analysis by Fact.MR

Country-wise Analysis

What is the Stent Graft Balloon Catheters Demand Outlook for the U.S.?

The U.S dominates the global market for stent graft balloon catheters in terms of revenue. The market is expected to increase 1.6X by 2031.

Technological advancements, sophisticated healthcare infrastructure, and increasing awareness regarding angioplasty procedures are boosting the sales of stent graft catheters for balloon angioplasty in the U.S.

Increasing government support for medical infrastructure across the country and growing cases of cardiac arrest and coronary artery disease have created opportunities for nylon-based stent graft balloon catheter leading manufacturers in the U.S.

Why are Sales of Stent Graft Balloon Catheters Flourishing in China?

The market in China is expected to register the fastest growth owing to rise in the geriatric population and increasing obesity, which ultimately increases the number of patients suffering from coronary artery diseases.

Presence of top nylon based stent graft balloon catheter manufacturers and growing sales of polyurethane stent graft balloon catheters in China are likely to drive market growth.

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Category-wise Insights

Why are Compliant Balloon Stent Catheters Gaining Immense Popularity in the Market?

Compliant balloon stent catheters hold significant market share. Sales of compliant balloon stent catheters are expected to increase by 2X over the forecast period.

Compliant balloon stent catheters, also known as elastomeric balloon stent catheters, are inflated by volume rather than pressure. Silicone material is commonly used to make compliant (elastomeric) balloons. They are frequently widely used for applications that need the balloon to entirely adapt to or occlude the anatomy. They can stretch 100% to 800%.

One of the elements fueling the sales of compliant balloon stent catheters is rising need for fully conforming balloons.

Why is Demand for Stent Graft Balloon Catheters High at Hospitals?

Based on end user, hospitals will retain their dominance in the global stent graft balloon catheter market over the next ten years. One of the key factors driving segment growth is increased treatment of coronary artery disorders at hospitals.

Furthermore, hospitals have moved workers from cardiac departments to other departments in need, such as emergency departments or intensive care units (ICU).

Availability of advanced technologies as well as high requirement for minimally invasive surgical procedures are both driving demand for stent graft balloon catheters from hospitals.

COVID-19 Impact on Industry

The World Health Organization has declared COVID-19 a public health emergency since it has spread to practically every country across the globe.

The COVID-19 pandemic altered the perception of healthcare among individuals. The healthcare and medical industries underwent considerable adjustments after the pandemic occurred in 2020.

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 stent graft balloon catheters decreased.

The spread of COVID-19 had a wide range of consequences, including huge slowdown in the supply chain, stock market instability, drop in corporate confidence, and rising public uncertainty about the future.

Technology improvements combined with advanced healthcare infrastructure are likely to bring enormous opportunities for stent graft balloon catheter suppliers. COVID-19, which is primarily connected with the lungs and heart, is projected to have a positive impact on the market for stent graft balloon catheters.

Competitive Landscape

Expansions, capital investments, R&D activities, technological developments, new product releases, distribution agreements, product portfolio, collaborations, mergers & acquisitions, and strategic alliances are all used by top manufacturers of stent graft balloon catheters.

Top stent graft balloon catheter suppliers have implemented an expansion strategy to increase their production capabilities to meet the growing demand for diverse applications. Several product developments in stent graft balloon catheters are being approved by regulatory bodies for treating vascular diseases.

  • For example, the FDA recently approved an expandable balloon stent graft developed by W.L. Gore & Associates for the treatment of peripheral artery disease.

Stent Graft 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
  • Product Type
  • Raw Material
  • Indication
  • End User
  • Region
Key Companies Profiled
  • Medtronic Plc
  • Cordis Corporation
  • B. Braun Melsungen AG
  • Cook Medical INC
  • Terumo Corporation
  • Boston Scientific Corporation
  • MicroPort Scientific Corporation
  • Jotech GmbH
  • Cardionovum GmbH
  • Hexacath
  • Abbott Laboratories
  • Meril Life Sciences Pvt. Ltd.
Pricing Available upon Request

Key Segments Covered in Stent Graft Balloon Catheter Industry Research

  • Product Type

    • Compliant Balloon Stent Catheters
    • Non-compliant Balloon Stent Catheters
  • End user

    • Stent Graft Balloon Catheters for Hospitals
    • Stent Graft Balloon Catheters for Ambulatory Surgical Centers
    • Stent Graft Balloon Catheters for Cardiac Catheterization Laboratories
  • Indication

    • Stent Graft Balloon Catheters for Coronary Artery Disease
    • Stent Graft Balloon Catheters for Peripheral Vascular Disease
    • Stent Graft Balloon Catheters for Balloon Angioplasty
    • Stent Graft Balloon Catheters for Bypass Graft Surgery
    • Stent Graft Balloon Catheters for Atherosclerosis Patients
  • Raw Material

    • Polyurethane Stent Graft Balloon Catheters
    • Nylon Stent Graft Balloon Catheters
    • Others

Stent Graft Balloon Catheter Market: Report Scope

A recent study by Fact.MR on the stent graft 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 stent graft balloon catheters.

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

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

- FAQs -

The global stent graft balloon catheter market is currently worth more than US$ 800 Mn.

From 2016-2020, sales of stent graft balloon catheters registered a CAGR of 4%.

Growing healthcare expenditure and introduction of advanced technologies in these devices are driving demand for stent graft balloon catheters.

Medtronic Plc, Cordis Corporation, B. Braun Melsungen AG, Cook Medical INC, and Terumo Corporation are renowned producers stent graft balloon catheters.

Europe, with 40% global market share, will largely contribute to the growth of stent graft balloon catheters revenue.

Sales of stent graft balloon catheters in Russia will most likely flourish at a CAGR of 3% over the next ten years.

Compliant balloon stent catheters continues to be the highest revenue-generating segment, accounting for 50% global revenue.

Sales of stent graft balloon catheters in South Korea are forecasted to top US$ 350 Mn by 2031.

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

The market for stent graft balloon catheters is expected to surge at 7% CAGR from 2021 to 2031.

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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.

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