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Tuesday, September 27, 2022

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Sales of Scoring Balloon Catheter for Dialysis is Expected to Gain Steadfast Traction, Procuring an Annual Growth of more than US$ 200 Mn | Fact.MR

The growing prevalence of peripheral vascular and coronary artery diseases has fuelled demand for scoring balloon catheter devices in the healthcare sector. Moreover, increasing demand for medical devices equipped with enhanced technology is projected to impact the global market growth of scoring balloon catheter positively. According to a recently published report, the global scoring balloon catheter market will reflect sluggish CAGR growth over the forecast period, 2017 – 2022.

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Factors Propelling Global Market Growth

The increasing prevalence of coronary artery diseases has led to an upsurge in demand for scoring balloon catheter devices in the healthcare sector. Healthcare manufacturers prefer scoring balloon catheter devices over conventional devices for the treatment of coronary artery diseases attributed to limitations such as uncontrolled dissections including bailout stenting and insufficient luminal expansion. Moreover, healthcare professionals prefer using scoring balloon catheter devices over conventional catheter devices for the treatment of peripheral vascular diseases. The fibrocalcific lesion is resistant to dilation through conventional balloon catheter devices attributed to inadequate luminal expansion. Due to these factors, manufacturers are adopting scoring technology for the production of scoring balloon catheter devices in the healthcare sector. These factors are likely to contribute towards the global market growth of scoring balloon catheter positively.

On the other hand, growing risks regarding artery collapse during the catheterization treatment are projected to influence demand for scoring balloon catheter devices negatively. Moreover, increasing risks of infection due to the treatment of catheterization is projected to pose significant challenges for scoring balloon catheter devices in the global market by 2022 – end. These factors are expected to inhibit the global market growth of scoring balloon catheter devices during the projected period.

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Market Segmentation 

Global Scoring Balloon Catheter Market Analysis and Forecast By Indication

  • Coronary Artery Disease Scoring Balloon Catheter
  • Peripheral Vascular Disease Scoring Balloon Catheter

Global Scoring Balloon Catheter Market Analysis and Forecast By End User 

  • Hospitals Scoring Balloon Catheter
  • Ambulatory Surgical Centers Scoring Balloon Catheter
  • Cardiac Catheterization Laboratories Scoring Balloon Catheter

Global Scoring Balloon Catheter Market Analysis and Forecast By Raw Material 

  • Polyurethane Scoring Balloon Catheter
  • Nylon to Represent a Leading Market

Global Scoring Balloon Catheter Market Analysis and Forecast By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Japan
  • Latin America (LATAM)
  • MENA

Cardiac catheterization laboratories are projected to register a relatively high CAGR among other end users in the global market of scoring balloon catheter through 2022. In revenue terms, hospitals will witness relatively high growth in the global market by 2022–end. Hospitals in Europe are projected to generate significant revenue globally throughout 2022.

In terms of disease indications, coronary artery disease is projected to represent a relatively high growth in revenue terms in the global market of scoring balloon catheter devices. This segment will witness around US$ 40 Mn in the global market in 2017. The peripheral vascular disease segment is projected to register significant growth after the coronary artery disease segment.

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Nylon among various raw materials is projected to register a relatively high growth in revenue terms throughout 2022. This segment will represent US$ 30 Mn by the end of 2017. Among other regions, North America will witness a major market for the nylon segment globally. Polyurethane is projected to reflect a relatively high CAGR in the global market by 2022 – end.

Market Players

Key players in the global market of scoring balloon catheter are

  • B. Braun Melsungen AG
  • Medtronic Plc
  • Tokai Medical Products Inc.
  • BIOTRONIK SE & Co. KG
  • Terumo Corporation
  • Boston Scientific Corporation
  • Jotech GmbH
  • MicroPort Scientific Corporation
  • Hexacath
  • Meril Life Sciences Pvt Ltd
  • Cordis Corporation
  • Abbott Laboratories

Explore Fact.MR’s Coverage on the Healthcare Domain

Implantable Pump Catheter Market: A recent study by Fact.MR on the Implantable Pump Catheter Market offers a 10-year forecast analysis for the period 2021 to 2031. The study analyzes key trends that are currently influencing the growth of the market. This report covers key dynamics, including drivers, restraints, and opportunities for leading market players along with key stakeholders and emerging players.

Coronary Microcatheters Market: Fact.MR’s extensive coverage on the Coronary Microcatheters Market offers in-depth insights into the prominent growth dynamics that are likely to aid the expansion of growth prospects in the near future. Data has been presented in the form of key segments across prominent geographies, along with important information concerning key manufacturers operating within the industry.

Chronic Total Occlusion Catheter Market: The Chronic Total Occlusion Catheter Market study published by Fact.MR offers an unbiased analysis of the prominent drivers, opportunities, and trends expected to shape future expansion outlook. The report provides a comprehensive assessment of the prominent segments and geographies which are likely to benefit market players in the forthcoming years.

About Fact.MR

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Research Insight: https://www.factmr.com/report/148/scoring-balloon-catheter-market
Content Source: 
https://www.factmr.com/media-release/137/scoring-balloon-catheter-market

 

SourceFACT.MR
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Our publication is dedicated to bringing our readers the latest medical device news. We are proud to boast that our subscribers include medical specialists, device industry executives, investors, and other allied health professionals, as well as patients who are interested in researching various medical devices. We hope you find value in our easy-to-read publication and its overall purpose and objectives! Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.
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