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HEALTHCARE & PHARMACEUTICAL

Balloon Introducer System Market Segmentation by Product Type (Normal, Cutting & Scoring, Drug-Coated, and Stent Graft Balloon Introducer); by Technology (Rapid Exchange, Over the Wire, and Fixed Wire Balloon Catheter); by Application (Coronary Artery, Peripheral Artery, and Neurovascular Diseases); and by End-User (Hospital, Ambulatory Surgical Centers, and Catheterization Laboratories) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • September 9, 2021- Terumo Cardiovascular and Etiometry announces alliance to render enhanced monitoring insights for adult cardiac surgery patients.

  • November 9, 2020- 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.

Global Balloon Introducer System Market Highlights Over 2022 – 2031

The global balloon introducer system market is estimated to garner notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing cases of cardiac disorders. The balloon introducer system is used to enlarge the narrow passage or opening 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 it in 2019. The prevalence of cardiovascular 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 health care 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 the doctors. The conventional invasive diagnostic angiography has been replaced by non-invasive imaging techniques.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.

Balloon Introducer System Market

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The market is segmented by end-user into 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 opt for hospitals for surgeries since hospitals are equipped with advanced types of machinery.

 Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Balloon Introducer System Market Regional Synopsis

Regionally, the global balloon introducer system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. The market in North America region is estimated to witness modest growth over the forecast period on the back of the presence of highly advanced healthcare infrastructure. Furthermore, countries, such as, the USA devote plenty of budgets to the healthcare sector.  As per the data released by the Centers for Medicare & Medicaid Services, the USA health care 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.

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.

Balloon Introducer System Market Share

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 The global balloon introducer system market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  •  Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

Market Segmentation 

Our in-depth analysis of the global balloon introducer system market includes the following segments:  

By Product Type

  • Normal Balloon
  • Cutting & Scoring Balloon
  • Drug-Coated Balloon
  • Stent Graft Balloon Introducer

By Technology

  • Rapid Exchange
  • Over the Wire
  • Fixed Wire Balloon Catheter

By Application

  • Coronary Artery
  • Peripheral Artery
  • Neurovascular Diseases

By End-User

  • Hospital
  • Ambulatory Surgical Centers
  • Catheterization Laboratories

Growth Drivers  

  • Growing Cases of Cardiovascular Diseases
  • Rising Government Initiatives

Challenges 

  • Insufficient Knowledge About the Procedures

Top Featured Companies Dominating the Market 

  • Abbott Laboratories
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • B. Braun Melsungen AG
  • Becton, Dickinson, and Company (BD)
  • Cardinal Health, Inc.
  • Cardionovum GmbH
  • Koninklijke Philips N.V.
  • Medtronic plc
  • MicroPort Scientific Corporation
  • OrbusNeich Medical Company Limited
  • Terumo Group

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