Coronary Balloon Catheters Market Size, Share & COVID19 Impact Analysis | Global | 2021-2027 | MedCore | Segmented by: Type (PTCA, Drug-Eluting & Speciality Balloon Catheter)
- Year: 2021
- Scope: 10 Years
- Region: Global
- Type: MedCore
The global coronary balloon catheter market size is expected to reach over $3.5 billion by 2027, with the drug-eluting market segment representing the majority of the total market. Currently, the global market share is controlled by Boston Scientific, Medtronic, and Philips.
Unit sales growth for the total coronary balloon catheter market is highly correlated with the annual procedure volume for Percutaneous Coronary Intervention (PCI, formerly known as angioplasty with stent), and any significant changes will exhibit a direct effect on sales volume.
The first devices used in the field of interventional cardiology were percutaneous transluminal coronary angioplasty (PTCA) balloon catheters. PTCA balloon catheters can differ in size and material compliance, as each case demands a different type of device. Depending on lesion extension and density, PTCA balloons require specific features, such as lesion-crossing capability, vector force or pressure. For this reason, PTCA balloons can have very advanced features, helping physicians to ensure that the lumen is clear and prepared for stent deployment.
Global Coronary Balloon Catheter Market Data Included
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Volumes
- Market Drivers & Limiters
- Market Forecasts Until 2027, and Historical Data to 2017
- Recent Mergers & Acquisitions
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
Through this study on the global coronary balloon catheter market, iData Research has performed an analysis on angiography, angioplasty
(or PCI), atherectomy and catheterization procedure volumes in order to increase the accuracy of our market sizing, and provide you with the volume of procedures over a 10-year range and across 70 countries.
Global Coronary Balloon Catheter Market Insights
In 2020, the largest segment was the drug-eluting balloon catheter market, which represented the majority of the total market value. PTCA balloons are also used for an overwhelming majority of percutaneous coronary interventions (PCI) procedures and were estimated to account for about 40% of unit sales. However, due to the heavily increased bundling and commoditization of the market in recent years, PTCA balloon prices have depressed significantly, limiting overall market value growth.
Segments Covered in This Market
- Total Coronary Balloon Catheter Market
- PTCA Balloon Catheter Market
- Specialty Balloon Catheter Market (Cutting, Scoring)
Of the many companies in the global coronary balloon catheter market, Boston Scientific is the leading competitor, followed by Medtronic and Philips. Most of Boston Scientific’s success in the US can be attributed to its strong position in the PTCA balloon market. Boston Scientific’s most advanced PTCA catheter is the NC Emerge™, a non-compliant balloon featuring an ultra-low lesion entry profile, Bi-Segment™ inner shaft design and many other technological improvements.
About Our In-Depth MedCore Research
Our analysts meticulously research for up to 3 to 4 months to put together one suite of reports (MedSuite), which is a comprehensive analysis of a group of healthcare markets. A MedCore is one portion of that analysis that focuses on one market segment and provides further detailed segmentation to get a much more granular set of market data.
This MedCore is also found in the full report suite titled Global Market Report for Interventional Cardiology Devices – MedSuite
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