The “Global Balloon Catheter Market Forecast 2024-2030: Industry Trends, Growth, Share, Company Analysis” now available on ResearchAndMarkets.com
The Global Balloon Catheter Market is Projected to Reach Nearly US$ 7 Billion by 2030
The global market for balloon catheters is expected to witness substantial growth, reaching around US$ 6.99 billion by 2030 from US$ 4.43 billion in 2023, with a CAGR of 6.73% during 2024-2030.
The market growth is primarily driven by the rising prevalence of age-related cardiovascular issues, which has led to an increased demand for balloon catheters in the medical device industry. These catheters offer minimally invasive alternatives to traditional surgeries, resulting in faster recovery times, reduced risks, and improved patient outcomes, thereby fueling the market growth towards minimally invasive procedures.
Furthermore, continuous advancements in materials, design, and functionality have enhanced the effectiveness and flexibility of balloon catheters. Improved imaging techniques also contribute to more precise treatment options, expanding the applications of balloon catheters beyond angioplasty to specialties like urology, oncology, and neurology. This diversification across multiple medical domains is driving market growth, reflecting the adaptability and expanding impact of these devices in various healthcare settings.
Moreover, the increasing healthcare spending in emerging economies is boosting the demand for advanced medical technologies, including balloon catheters. Customized catheters are expected to further improve efficacy and safety, with the integration of telemedicine and AI technologies promising enhanced accessibility, cost-effectiveness, and diagnostic accuracy.
While North America and Europe currently dominate the market, the Asia Pacific region is experiencing rapid growth due to its large population and increasing healthcare investments. Pioneering companies like Cardiant Inc. and the Terumo-MicroPort Scientific joint venture are leading innovations in this dynamic market landscape.
Among the different types of balloon catheters, Drug Eluting Balloon Catheters (DEBCs) are poised to dominate the market, revolutionizing vascular interventions and expanding treatment options for a wider patient population globally. Nylon remains the leading raw material due to its strength, biocompatibility, and cost-effectiveness, further driving market growth.
Overall, the global balloon catheter market is witnessing significant advancements and innovations, particularly in minimally invasive techniques, personalized treatments, and the integration of advanced technologies, positioning it for substantial growth in the coming years.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 230 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $4.43 Billion |
| Forecasted Market Value (USD) by 2030 | $6.99 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
Company Analysis
- Abbott Laboratories
- Becton Dickinson and Company
- Cardinal Health
- Teleflex Incorporated
- Medtronic Plc.
- Johnson and Johnson
- Edwards Lifesciences Corporation
- Stryker Corporation
- Smith & Nephew
Product Type – Global Balloon Catheter Market breakup from 6 viewpoints:
- Normal Balloon Catheter
- Drug Eluting Balloon Catheter
- Cutting Balloon Catheter
- Scoring Balloon Catheter
- Stent Graft Balloon Catheter
- Others
Indication – Global Balloon Catheter Market breakup from 2 viewpoints:
- Coronary Artery Disease
- Peripheral Vascular Disease
Raw Materials – Global Balloon Catheter Market breakup from 3 viewpoints:
- Polyurethane
- Nylon
- Others
End-User – Global Balloon Catheter Market breakup from 4 viewpoints:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
Country – Market breakup from 26 Country Global Balloon Catheter Industry viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
