In 2022, the global stent graft balloon catheter market was valued at US$ 915.92 Mn, accounting for around 3.5% of the entire catheter market. Sales of stent graft balloon catheters are expected to grow at a 7% CAGR to reach a valuation of US$ 1801.75 Mn by 2032.
The key drivers of the stent graft balloon catheter market include the following:
The key reasons driving the growth of the stent graft balloon catheter market are rising heart disorders and an ageing population. Furthermore, the rising frequency of peripheral vascular disorders, together with developments in catheterization technology, are expected to drive market expansion.
Furthermore, government and non-government organisations' initiatives to raise awareness about cardiovascular illnesses are expected to drive the stent graft balloon catheter market growth over the forecast period. For example, the National Heart, Lung, and Blood Institute, along with other organisations throughout the United States, observes National Red Day each year to promote awareness about heart problems. Such measures help to drive market expansion in developed countries.
The exorbitant cost of angioplasty treatments, however, and a scarcity of competent doctors are impeding the stent graft balloon catheter market expansion.
| Attributes | Details |
|---|---|
| Market Value (2022) | US$ 915.92 Million |
| Market Value (2032) | US$ 1801.75 Million |
| CAGR | 7% |
Stent graft balloon catheter, is a soft catheter with an inflatable "balloon" used during a catheterization procedure to enlarge a narrow opening in the coronary artery. These catheters are generally used for expanding vascular prosthesis or during temporary occlusion of large vessels thus used in many endovascular treatment of abdominal and thoracic aortic diseases.
Generally the balloon stents are used in bypass graft surgery and balloon angioplasty. These stents prevent the risk of abrupt artery closure and re-narrowing that occurred in many patients operated for angioplasty.
The stent graft balloon catheter market has evolved gradually from simple stents to modified balloon stent catheters. This market comprises of balloon catheters used for stent grafting during angioplasty.
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According to estimates, Europe is the most appealing market for balloon catheter angioplasty, particularly for stent graft balloon catheters. By 2032, revenue in the European regional market is expected to grow 1.4X.
The region's market is expected to grow steadily as the prevalence of coronary artery disease rises and per capita healthcare expenditure rises. Furthermore, it has been determined that balloon catheter stenting for coronary applications is widely used in clinical practice and is associated with better health outcomes in Europe.
In terms of revenue, the United States leads the global stent graft balloon catheter market. The market is predicted to grow 1.6X by 2031.
Technological improvements, advanced healthcare infrastructure, and increased knowledge of angioplasty treatments are driving up sales of stent graft balloon catheter for balloon angioplasty in the United States.
Increasing government funding for medical infrastructure across the country, as well as an increase in cardiac arrest and coronary artery disease patients, have generated opportunities for leading makers of nylon-based stent graft balloon catheters in the United States.
Principal Consultant
The demand for stent graft balloon catheter in China is predicted to develop the fastest, owing to an increase in the senior population and rising obesity, which would increase the number of patients suffering from coronary artery disease.
The presence of major nylon-based stent graft balloon catheter manufacturers, as well as expanding sales of polyurethane stent graft balloon catheters in China, are expected to fuel market expansion.
The primary factor for the growth of global stent graft balloon catheter market is the increasing number of hospital admissions attributed to rising incidence of atherosclerosis patients, and rising prevalence of CAD (Coronary Artery Disease) worldwide.
Secondly growing healthcare expenditure levels and the introduction of advanced technologiesin balloon catheter drives the market growth for stent graft balloon catheter over the forecast period. However high cost of angioplasty procedures are the factors restraining the market growth of stent graft balloon catheter market over the forecast period.
Stent Graft Balloon Catheter market is mainly dominated by trends such as introduction of drug eluting balloons. Also increasing inclination to opt for balloons with drug delivery, which can deliver the medication at the local site, are effective alternatives for administering the drug intravenously.
However there are several types of balloon catheters available in the market, which helps in curing coronary artery diseases and many such trends expected to dominate the market over the forecast period.
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Depending on geographic region, the stent graft balloon catheter market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Globally, stent graft balloon catheter market is expected to witness healthy growth in the near future due to increasing prevalence of coronary artery disease and the rise in per capita expenditure on healthcare in the developing nations.
Stent graft balloon catheter market is anticipated to show highest share is of North America followed by Europe owing to technological advancement, sophisticated healthcare infrastructure and increasing awareness regarding angioplasty procedures available in the market.
Also it has been analyzed that balloon catheter stenting for coronary applications has been widely adopted in clinical practice and is associated with improved health outcomes in Europe. Asia-Pacific market is expected to register fastest growth owing to the rise in geriatric population and increasing obesity, which ultimately gives rise to the number of patients suffering for coronary artery diseases over the forecast period.
Some of the key market players in stent graft balloon catheter market includes Medtronic, Boston Scientific, Abbott Laboratories, Cordis, Atrium Medical, W. L. Gore & Associates Inc., JOTEC GmbH, QXMédical, LLC etc. these players are entering into mergers & acquisitions, strategic collaborations, and product portfolio expansions, distribution agreements which are their key sustainability strategies. Secondly many local players have started entering in this lucrative market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
This market is segmented on the basis of product type and end user
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Stent Graft Balloon Catheter Market
