Angioplasty Balloons Market - Competitive Pricing Impeding Market from Realizing its True Potential


Posted January 8, 2020 by preefacto

Angioplasty Balloons Market Forecast, Trend Analysis & Competition Tracking
 
Balloon Angioplasty is used to open constricted and blocked arteries. The angioplasty balloon is inflated many times to press the blocking plaque towards the wall of the arteries in order to create a broader passage area for blood flow. Demand for angioplasty balloons market has witnessed significant growth owing to the increased incidences of cardiovascular diseases that have shaped as major reason behind fatalities across the globe. Balloon angioplasty is even employed for critical cardiovascular conditions which increases its demand, thereby propelling the global angioplasty balloon market.

Cutting balloons are losing significance

Global angioplasty balloons market can be segmented majorly into Normal balloons, drug coated balloons, scoring balloons and cutting balloons, amongst which drug-coated angioplasty balloons are the ones that have gained significance in recent years. They are popular for their multiple health benefits like greater safety, higher effectiveness and improved blood flow that benefits the medical outcome. A Fact.MR report analyzed the historical data to predict the growth of drug-coated balloons segment to be very fast and is expected to attain a growth rate of ̴4% CAGR in the year 2020.

Cutting balloons were preferred over normal balloons at the time of their introduction in market. But over time, its popularity and demand has declined. Many factors like presence of better alternatives, device stiffness and risks of complex lesions are collaboratively responsible for the deteriorating market presence of cutting balloons.

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Average selling price of angioplasty balloons has gone down in recent years and is restraining the growth of global angioplasty balloons market. It also negatively impacts the overall revenue generated by the market. Manufacturers and major players are taking help of technology to strengthen their presence and gain profit. They are inculcating technology in their products to speed up in order to suffice the growing demand. Technology laden products also go in-tune with the trending culture of value-based health care. Manufacturers are altering the important ingredients of these balloons to create new products. They have changed material and operational procedures to launch new products in market that impart greater benefits to the patient.

Europe and North America Lead

The leading regions with largest global angioplasty balloons market are Europe and North America. Both the regions are experiencing growing awareness regarding treatment option and general health which diverts the population towards balloon angioplasty. Presence of established market players in the region along with adoption of advanced technology in medical sector are the other major factors that work in favor of Europe and North America’s market dominance. Fact.MR report suggests that both the regions will continue to maintain their dominance in the global market.

Countries in APAC like India, Japan, China and Australia have emerged as lucrative market in angioplasty balloons landscape. They are anticipated to grow at ̴5% CAGR rate for the forecast period 2020-2025. Improvement in health care infrastructure, growing awareness about Percutaneous Coronary Intervention procedures and cost effective treatment are the factors that drive the angioplasty balloons market in APAC. Manufacturers are diverting their attention towards APAC to attract customers in this region.

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Categories Health , Medical , News
Tags angioplasty balloons
Last Updated January 8, 2020