Balloon Introducer System Market size is expected to reach USD 7 Billion by the end of 2035, witnessing around 9% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of balloon introducer system was USD 3 Billion. The growth of the market can be attributed to the increasing cases of cardiac disorders. The balloon introducer system is employed to widen a small opening or passage within the body. The balloon introducer enables precise puncture site targeting and a steerable guiding sheath makes it convenient to use. Additionally, as per the data released by the World Health Organization, cardiovascular diseases are increasing aggressively and 17.9 million people died from them in 2019 worldwide. The prevalence of chronic diseases is expected to fuel the global balloon introducer system market growth during the forecast period.
Apart from this, health expenditure is increasing worldwide to make people avail of the best healthcare services. The data released by the World Bank in 2019 states that 9.84% of the total world GDP is allocated to healthcare infrastructure. The rising expenditure in the health sector is anticipated to boost the global balloon introducer system market growth during the forecast period. Moreover, the balloon introducer system reduces operation hours for doctors. Conventional invasive diagnostic angiography has been replaced by non-invasive imaging techniques. Hence, the plenty of benefits provided by the balloon introducer devices are predicted to act as a catalyst for the growth of the global balloon introducer system market during the forecast period.
Growth Drivers
Growing Cases of Cardiovascular Diseases with Rising Cholesterol Issues – Many people with cholesterol do not exhibit any symptoms but increased levels of cholesterol will cause complications such as arrhythmia, stroke, and heart failure. The unhealthy eating habits of people owing to the adoption of fast foods, beverages, canned food products, and ready-made items with high calories are estimated to drive market growth. Also, the lack of physical activity and exercise among adults is estimated to boost the growth of the market. As per the reports about 95 million people in the U.S. aged 20 and above are suffering from cholesterol levels of more than 180 mg/dL and approximately 30 million adults are suffering from cholesterol levels of over 230 mg/dL as of 2022.
Rising Government Initiatives to Improve Healthcare for People Suffering from Heart Disease – As per the data of Centers for Disease Control and Prevention (CDC), a national initiative was introduced in 2022 called ‘Million Hearts’ supported by CDC and the Centers for Medicare & Medicaid Services to avoid at least 1 million heart attacks and strokes within 5 years around the world.
Rising Geriatric Population with Chronic Diseases Across the World – As per the records, over 90% of the elder population are living with at least one of the chronic conditions, and over about 80% are living with more than two chronic diseases in the U.S.
Increase in Adoption of Unhealthy Eating Habits Among People – It is observed that in the U.S. about 670,000 people die of unhealthy eating habits annually owing to obesity and malnutrition diseases including cancer, heart disease, and diabetes.
Challenges
The complications of the balloon introducer system include bleeding at the catheter insertion place, blood clots, or damage to blood vessels surrounding the catheter, infection, the chance of stroke, loss of blood, abnormal heartbeats, and sometimes kidney failure. Hence the market is estimated to have a negative impact during the forecast period.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~9% |
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Base Year Market Size (2022) |
~ USD 3 Billion |
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Forecast Year Market Size (2035) |
~ USD 7 Billion |
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Regional Scope |
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Application (Coronary Artery, Peripheral Artery, Neurovascular Diseases)
The global balloon introducer system market is segmented and analyzed for demand and supply by application into the coronary artery, peripheral artery, and neurovascular diseases. Out of the three types, the coronary artery diseases segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing percutaneous coronary artery intervention procedures, atherectomy, and catheterization procedures. Also, increasing health spending across the world to improve healthcare facilities of people is anticipated to boost the market growth. As per recent reports, the healthcare spending of the world increased twice in the last 20 years and is estimated to reach USD 9 trillion in 2019 with a GDP of 10% raising from the base of 9% in 2000. Additionally, increasing minimal invasive methods and the rising preference of people for non-invasive and minimally invasive methods are estimated to have a positive impact on market growth. Also, the recovery time for these procedures is very less compared to surgical procedures.
End-user (Hospital, Ambulatory Surgical Centers, Catheterization Laboratories)
The global balloon introducer system market is also segmented and analyzed for demand and supply by end-user in hospitals, ambulatory surgical centers, and catheterization laboratories. Out of which, the hospital sub-segment is anticipated to hold the largest share in the global balloon introducer system market on account of the vast availability of specialized doctors. Most people choose hospitals for surgeries since they're furnished with modern machinery. The increasing initiatives from private and government to build new hospitals and improve the infrastructure facilities of hospitals are estimated to drive the growth of the market. According to the observations, American hospitals are building new or replacement and expansion projects to improve acute care facilities which are increased by over 15% from 2021 to more than 20% in 2022. The presence of skilled doctors in the hospitals, with an in-house pharmacy, and the availability of nurses and physicians at any time in multispecialty hospitals are rising the market growth.
Our in-depth analysis of the global market includes the following segments:
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By Product Type |
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By Technology |
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By Application |
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By End User |
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North American Market Forecast
The North American balloon introducer system market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the presence of highly advanced healthcare infrastructure and digital health. Furthermore, countries, such as the US devote plenty of budgets to the healthcare sector. As per the data released by the Centers for Medicare & Medicaid Services, US healthcare spending reached USD 4.1 trillion in 2020. Furthermore, the rising cases of cardiovascular disease in the region are anticipated to enhance the global balloon introducer system market growth. The data published by the Centers for Disease Control and Prevention states that every year approximately 805,000 people in the United States suffer from heart attacks.
APAC Market Statistics
The Asia Pacific region is also estimated to provide promising opportunities for the growth of the global balloon introducer system market, over the forecast period. As per the reports cardiologists are claiming that India is predicted to have the highest number of cardiac deaths by the year 2030 in the world. Hence, the increasing number of cardiac patients is anticipated to foster the global balloon introducer system market growth during the forecast period.
Terumo Cardiovascular and Etiometry announced alliance to render enhanced monitoring insights for adult cardiac surgery patients.
P+F and OrbusNeich announced that they have entered into a partnership for the manufacturing of a range of innovative minimally invasive heart valve products.
Author Credits: Radhika Gupta, Shivam Bhutani
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