What is Global Percutaneous Coronary Intervention Balloon Catheter Market?
The Global Percutaneous Coronary Intervention Balloon Catheter Market is a specialized sector within the broader medical device industry. It focuses on the production and distribution of balloon catheters used in percutaneous coronary intervention (PCI), a non-surgical procedure that uses a catheter (a thin, flexible tube) to place a small structure called a stent to open up blood vessels in the heart that have been narrowed by plaque buildup, a condition known as atherosclerosis. This market is driven by the increasing prevalence of cardiovascular diseases worldwide, advancements in balloon catheter technology, and the growing elderly population who are more prone to heart diseases. The market encompasses various types of balloon catheters including drug-eluting, cutting, and scoring balloon catheters. The market also includes various stages of the product lifecycle, from research and development, regulatory approval, manufacturing, distribution, to post-market surveillance.
Semi Compliant, Non Compliant, Compliant in the Global Percutaneous Coronary Intervention Balloon Catheter Market:
The Global Percutaneous Coronary Intervention Balloon Catheter Market is segmented into three types based on their compliance level: Semi Compliant, Non Compliant, and Compliant. Semi Compliant Balloon Catheters are designed to provide a specific diameter at a specific pressure. They have a certain degree of flexibility and can slightly change their size with changes in pressure. Non Compliant Balloon Catheters, on the other hand, do not change their size with changes in pressure. They are used when a precise size is needed, for instance, when placing a stent. Compliant Balloon Catheters are the most flexible and can significantly change their size with changes in pressure. They are used when the size of the vessel is not precisely known. The choice of balloon catheter depends on the specific needs of the patient and the nature of the coronary artery disease.
Hospitals and Clinics, Ambulatory Surgical Centers in the Global Percutaneous Coronary Intervention Balloon Catheter Market:
The Global Percutaneous Coronary Intervention Balloon Catheter Market finds its usage in various healthcare settings such as Hospitals, Clinics, and Ambulatory Surgical Centers. Hospitals are the largest end-users of these devices due to the high volume of PCI procedures performed. They have the necessary infrastructure and trained professionals to carry out these procedures. Clinics, on the other hand, are smaller healthcare facilities that may also perform PCI procedures but on a smaller scale. Ambulatory Surgical Centers are healthcare facilities where surgical procedures are performed, and the patient is discharged on the same day. They are increasingly using balloon catheters for PCI procedures due to advancements in minimally invasive technology and the growing trend of outpatient care.
Global Percutaneous Coronary Intervention Balloon Catheter Market Outlook:
Looking at the market outlook, the global pharmaceutical market is projected to reach a value of 1475 billion USD in 2022, growing at a compound annual growth rate (CAGR) of 5% over the next six years. This growth is driven by various factors such as the increasing prevalence of chronic diseases, advancements in pharmaceutical research, and the growing demand for effective and safe medications. On the other hand, the chemical drug market is expected to grow from 1005 billion USD in 2018 to 1094 billion USD in 2022. This growth can be attributed to the increasing demand for chemical drugs in treating various diseases, advancements in chemical drug research, and the expansion of the global pharmaceutical industry.
| Report Metric | Details |
| Report Name | Percutaneous Coronary Intervention Balloon Catheter Market |
| CAGR | 5% |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Boston Scientific, Abbott, Medtronic, Cardinal Health, Asahi Intecc, Terumo, MicroPort, Lepu Medical, Biosensors International, Bluesail, Philips, Yinyi, Wellinq, Teleflex, Sinomed |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
