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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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
- Asia-Pacific (APAC)
- Latin America (LATAM)
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.
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
- Meril Life Sciences Pvt Ltd
- Cordis Corporation
- Abbott Laboratories
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