The Coronary Balloon Products Market Size is valued at US$ 960.85 Mn in 2022 and is predicted to reach US$ 1188.30 Mn by the year 2031 at a 2.5 % CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
A balloon catheter is a cutting-edge medical device put into the arm's radial artery or the leg's femoral artery to treat restricted blood arteries. Another minimally invasive technique that uses a balloon catheter is to unblock blocked or constricted coronary arteries brought on by (CAD). Various cardiovascular conditions are treated with a coronary balloon. One of the main drivers of industry growth is the growing geriatric population, which is also boosted by the rising prevalence of cardiovascular disorders and the increased demand for invasive surgical techniques. However, the high cost of angioplasty and the complications that can arise after surgery are expected to hinder market growth.
Furthermore, cardiac catheterization is a diagnostic procedure that allows medical professionals to evaluate a patient's heart's functionality. These trends are anticipated to impact the growth of the market substantially. As the population ages, there will be a tremendous financial demand for old-age support systems. Moreover, some variables, such as autonomic dysregulation, arterial stiffness, the blood-brain barrier, and neurovascular uncoupling, are anticipated to influence the dynamics of local perfusion and brain blood flow with ageing. Long-lasting, cutting-edge catheters are frequently employed to enhance overall quality of life and catheter management in older persons. Older adults are anticipated to utilize coronary balloons, boosting the market.
The coronary balloon products market is segmented based on Product, Material And End-Users. Based on the product, the coronary balloon products market is segmented as PTAC balloon and Nc balloon. By material, the market is segmented into non-compliant and semi-compliant. End-user segments the market into hospitals, cardiac centres and ambulatory surgical centres. Based on material, the non-compliant segment is a major contributor to the coronary balloon products market.
Compared to non-compliant balloons, compliant balloons are constructed with greater flexibility and conformability to the vessel walls. Due to its flexibility, the balloon can more easily adjust to uneven vessel anatomy and prevent vessel damage while being inflated. Due to the risk of artery wall damage or dissection from non-compliant balloons' high force, they are particularly useful when treating fragile or calcified lesions. Due to their flexibility, compliant balloons can result in better lesion compliance. This characteristic is very valuable when treating complex lesions, bifurcation lesions, and convoluted veins, where accurate dilation is crucial.
The hospital category is projected to grow rapidly in the global coronary balloon products market. This sector's domination results from developing healthcare infrastructure, expanding the pool of skilled laborers, and affordability. The significant increase in the senior population suffering from lifestyle disorders like atherosclerosis and heart failure is anticipated to broaden the patient base and improve hospital revenue production. More patients choose minimally invasive balloon angioplasty procedures than traditional ones due to the numerous benefits, including less surgical discomfort, injury, scarring, hospital stay, higher accuracy, and quicker recovery times.
The North American coronary balloon products market is expected to register the highest market share. The availability of various important manufacturers, the launch of new, technologically advanced equipment, and advantageous reimbursement regulations are all factors. The market is driven by increased diabetes prevalence, government initiatives, and prominent companies' launch of numerous technologically sophisticated products.
In addition, the Asia Pacific regional market is projected to grow rapidly in the global coronary balloon products market. This can be ascribed to a rise in healthcare spending and an increase in the cases of cardiovascular disorders. BioMed central states cardiovascular disease affects one in every five persons in China. Furthermore, it is anticipated that the market in the region will be driven by an aging population in nations like Japan and China and rising disposable income. The expansion of the industry in the area is also aided by the rise of health tourism in emerging countries.
| Report Attribute | Specifications |
| Market Size Value In 2022 | USD 960.85 Mn |
| Revenue Forecast In 2031 | USD 1188.30 Mn |
| Growth Rate CAGR | CAGR of 2.5 % from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Technology, By Material, By Component |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia. |
| Competitive Landscape | Abbott Laboratories, Angio Dynamic, Becton Dickinson, Bortnick, Boston Scientific Corporation, Braun Melungeon AG, Cook Medical, Cordis, Endocon GmbH, Infinity Angioblast balloon, Johnson & Johnson, Koninklijke Philips N.V., Medtronic plc, Merit Medical System, Inc, Oscar Inc, Terumo Corporation and others. |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing And Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
Coronary Balloon Products Market By Product-
Coronary Balloon Products Market By Material-
Coronary Balloon Products Market By End-User
Coronary Balloon Products Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.