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Global Advanced Balloon Catheter Market

Analysis and Forecast, 2021-2030

Some Faq's

Frequently Asked Questions

Answer – The global market for advanced balloon catheter generated $2.52 billion in 2019 and is projected to reach the mark of $4.41 billion by the end of 2030, with a CAGR of 6.25% over the period 2021-2030.

Answer – Several factors such the increasing prevalence of cardiovascular and peripheral artery disease, increasing demand for minimally invasive surgery, advancements in balloon catheter, and favorable reimbursement landscape in developed economies, favor the growth of advanced balloon catheters globally.

Answer – The advanced balloon catheters have found applications in several healthcare procedures such as coronary procedures, peripheral procedures, neurovascular procedures, and others.

Answer – Some of the key companies involved in the market include Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, Cook Group, Hexacath, Terumo Corporation, and OrbusNeich Medical, among others.

Answer - Owing to the COVID-19 pandemic, the global elective surgeries were shutdown, which, in turn, caused the decline of the global advanced balloon catheter market in 2020. However, the impact of the pandemic is anticipated to be short-term, and with the resumption of elective procedures, the global advanced balloon catheter market is projected to recover from 2021.

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