balloon catheters market size, balloon catheters market share, balloon catheters market growth, balloon catheters market trends, balloon catheters market forecast, balloon catheters market revenue
What is the present valuation and projected CAGR of the balloon catheters market?
The balloon catheters market size has grown strongly in recent years. It will grow from $3.92 billion in 2024 to $4.14 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increasing focus on chronic disease management, an increase in cardiovascular diseases, increasing focus on patient-centered care, rising geriatric population and increasing demand for enhanced catheter performance.
The balloon catheters market size is expected to see strong growth in the next few years. It will grow to $5.08 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to the increasing healthcare spending, rise of endovascular procedures, increase in research and development activities, growing use of balloon catheters in non-cardiac applications, and expansion of healthcare access in emerging markets. Major trends in the forecast period include balloon-assisted stent deployment, improved inflation mechanisms, customization with enhanced imaging, integration with wearable and remote monitoring devices.
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What key drivers have fueled the balloon catheters market’s development over the years?
The increasing adoption of minimally invasive surgeries is expected to propel the growth of the balloon catheters market going forward. Minimally invasive surgeries (MIS) are a group of surgical procedures performed with minimal incisions, reducing the need for significant cuts or openings in the body. Minimally invasive surgeries (MIS) are increasing due to reduced recovery time, lower risk of complications, and less pain with technological advancements and outpatient procedures. Balloon catheters play a crucial role in enhancing the benefits of minimally invasive surgeries by improving procedures’ precision, safety, and comfort while reducing recovery times and hospital stays. For instance, in January 2024, Intuitive Surgical Inc., a US-based manufacturer of robotic products, reported that they had placed 415 da Vinci surgical systems (robotic surgical systems that use a minimally invasive surgical approach) in the fourth quarter of 2023, representing a 12% increase compared to 2022. Therefore, the increasing adoption of minimally invasive surgeries drives growth in the Balloon catheters market.
What is the segmentation for the balloon catheters market?
The balloon catheters market covered in this report is segmented –
1) By Type: Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheters, Chronic Total Occlusion (CTO) Balloon Catheters, Microcatheters
2) By Product Type: Normal Balloon Catheter, Drug Eluting Balloon Catheter, Cutting Balloon Catheter, Stent Graft Balloon Catheter, Scoring Balloon Catheter
3) By Distribution Channel: Direct Tender, Third Party Distribution, Other Distribution Channels
4) By Application: Coronary Artery Disease, Peripheral Artery Disease, Other Applications
5) By End User: Hospitals, Specialty Centers, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheters: Semi-Compliant Balloon Catheters, Non-Compliant Balloon Catheters
2) By Chronic Total Occlusion (CTO) Balloon Catheters: High-Pressure CTO Balloon Catheters, Low-Profile CTO Balloon Catheters
3) By Microcatheters: Diagnostic Microcatheters, Therapeutic Microcatheters
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Who are the most influential companies in the balloon catheters market?
Major companies operating in the balloon catheters market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Lepu Medical Technology, B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Cook Medical Inc., Biotronik SE & Co. KG, Merit Medical Systems Inc., Asahi Intecc Co. Ltd., Freudenberg Medical LLC, Biomerics, AngioDynamics Inc., Endologix Inc., Raumedic AG, Otsuka Pharmaceutical Factory Inc., AngioScore Inc., CardioFlow, Endocor GmbH, MicroPort Scientific Corporation, Eureka Medical Inc., Neovasc Inc.
What are the top industry trends projected to impact the balloon catheters market?
Major companies operating in the balloon catheters market are focusing on developing mechanical thrombectomy (MT) procedure solutions to optimize the removal of blood clots by locally controlling blood flow during these interventions. Mechanical thrombectomy (MT) is a minimally invasive medical procedure used to remove blood clots from blood vessels, typically in cases of ischemic stroke. For instance, in September 2024, CERENOVUS, a neurovascular division of Johnson & Johnson Medical Devices Companies, launched the EMBOGUARD Balloon Guide Catheter in Europe. This device is designed for endovascular procedures, including treating acute ischemic stroke. The EMBOGUARD catheter enhances clot removal by locally controlling blood flow during mechanical thrombectomy procedures. Its use has been associated with increased first-pass recanalization rates, reduced procedure times, and a decreased likelihood of clot fragments causing distal emboli, which can lead to new ischemic events. The EMBOGUARD Balloon Guide Catheter is part of the CERENOVUS Stroke Solutions portfolio, a suite of technologies designed to assist physicians in performing mechanical thrombectomy procedures.
What are the major regional insights for the balloon catheters market, and which region holds the top position?
North America was the largest region in the balloon catheters market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the balloon catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Balloon Catheters Market Report 2025 Offer?
The balloon catheters market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Balloon catheters refer to medical devices used in various medical procedures, particularly in minimally invasive surgeries. These catheters have a small, flexible tube with an inflatable balloon at the tip. They are typically used to treat narrowed or blocked blood vessels, such as in angioplasty procedures, where the balloon is inflated to dilate or open up constricted areas within blood vessels.
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