Research Nester recently released a report titled “Coronary Dilation Catheter Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global coronary dilation catheter market in terms of market segmentation by procedure, application, end user and region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global coronary dilation catheter market is segmented by procedures, applications and end users. The procedures segment is further segmented into balloon septostomy, catheter oblation, bipolar pacing, coronary angioplasty, left heart catherization and right heart catherization. Among these segments, the coronary angioplasty segment is anticipated to have leading shares during the forecast period on the account of its quick procedure and fast recovery benefits. Moreover, the balloon septostomy segment is estimated to witness significant growth on the back of its capability to enhance atrial mixing by dilating an already existing atrial communication.
The market is anticipated to witness a significant growth over the forecast period i.e. 2019-2027 owing to increasing cardiovascular diseases, rise in consumer awareness regarding the heart problems, rise in prevalence of minimal invasive medical solutions and increasing government investments in the healthcare sector. Additionally, rising geriatric population and inclination towards unhealthy lifestyle leading to increasing incidences of cardiovascular diseases, is anticipated to raise the product demand in upcoming years.
Regionally, the market in North America is expected to have leading market shares on the back of rising geriatric population, increasing incidences of cardiovascular diseases as a result of unhealthy lifestyle and prevalence of other medical conditions such as hypertension in the region. This growth is trailed by the market in Europe which is expected to hold second largest market shares during the forecast period on the back of high medical expenditure, increased awareness among people, huge government initiatives and advanced medical facilities. Asia Pacific market is anticipated to witness fastest growth rate on the back of growing population rate, increasing rate of cardiovascular diseases, and rising number of government initiatives to provide better health care facilities and improved standard of living. The market in Middle East and Africa region is anticipated to witness slow growth owing to limited accessibility and awareness in the region.
The rising geriatric population leading to growing cases of cardiovascular diseases, increasing measures taken by key players to expand the existing market coupled with favorable reimbursement policies and increasing number of Cath labs are some of the notable factors impacting the market growth positively. However, high cost and number of side effects associated with the product are some of the restraining factors that are estimated to negatively impact the growth of the global coronary dilation catheter market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global coronary dilation catheter market which includes company profiling of Medtronic Plc, Abbott, Terumo Corporation, Smith & Nephew, Boston Scientific Corporation, Johnson & Johnson, Teleflex Incorporated and B. Braun. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global coronary dilation catheter market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.