Global Angioplasty Balloons Market worth to gain $2.41 bn by 2021, according to new statistics released by the Zion Market Research, the market research group.
Angioplasty balloons are used during the angioplasty procedure. Balloon angioplasty involves the inclusion of a small balloon into a narrowed section of an artery where the balloon is inflated, which results in opening up the artery and improving blood flow. Various types of angioplasty balloons are used during angioplasty procedure such as drug eluting balloons, normal balloon, cutting balloon, and scoring balloon. These balloons are chiefly made up of either semi-compliant or non-compliant material.
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North America represents developed regional markets for angioplasty balloons and expected to see the stable growth through the next few years. North America holds more than 30% share of global angioplasty balloons market. Growing strongly established pharmaceutical industry coupled along with the occurrence of peripheral artery diseases and diabetes is driving angioplasty balloons industry in this region. Moreover, advanced healthcare infrastructure and high disposable income in this region are expected further boost the demand for angioplasty balloons market in North America.
Europe is the second largest market for angioplasty balloons. The increase in a number of elderly population in this region is expected to drive angioplasty balloons market. Asia Pacific is another leading regional market and is expected to be the fastest regional segment for the angioplasty balloons market within the forecast period. In Asia, high unmet demand is boosting the demand for angioplasty balloons. Changing lifestyle, increasing consumption of fast food, lack of exercise, etc. is driving the angioplasty balloons market in this region.
As a result of increasing health awareness in Brazil, Latin America regional market is expected to grow at a noticeable growth rate. Middle East & Africa is expected to grow at a moderate growth rate during the forecast period.
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Some of the key players in angioplasty balloons market include NATEC Medical, Cook Medical, Medtronic plc, C.R. Bard Inc., Boston Scientific Corporation, Spectranetics Corporation, ENDOCOR GmbH, BIOTRONIK SE & CO. KG, Cordis Corporation, Abbott Laboratories and Opto Circuits Ltd. among others.
This report segments the global angioplasty balloons market as follows:
Global Angioplasty Balloons Market: Product Segment Analysis
- Drug Eluting Balloons
- Normal Balloons
- Cutting Balloons
- Scoring Balloons
Global Angioplasty Balloons Market: Material Segment Analysis
- Semi-Compliant Balloons
- Non-Compliant Balloons
Global Angioplasty Balloons Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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