The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Introduction: The Market Landscape

• Rapid Growth: From $0.95 billion in 2023 to $1.1 billion in 2024 at a CAGR of 16.3%
• Historic Period Factors: Increased cardiovascular disease burden, demand for minimally invasive procedures, prevalence of peripheral artery disease (PAD), reducing restenosis rates, advancements in interventional cardiology.

Projections and Trends for the Drug-Coated Balloons Market

• Forecasted Growth: Expected to reach $1.93 billion in 2028 at a CAGR of 15.0%
• Forecast Period Factors: Increasing aging population, expansion of indications and applications, focus on outpatient and ambulatory care, integration with drug delivery innovations, global health initiatives.
• Major Trends: Regulatory approvals for new formulations, focus on minimizing side effects, emergence of bioresorbable coatings, market expansion in emerging economies, patient-centric approaches.

Rising Prevalence Of Coronary Artery Disease Drives Growth In The Drug-Coated Balloons Market

• Coronary Artery Disease (CAD) Overview: Defined by the narrowing or obstruction of the coronary arteries, leading to heart attacks.
• Role of Drug-Coated Balloons: Used to prevent restenosis post-angioplasty.
• Prevalence Statistics: Significant increase in CAD cases, notably in the United States.
• Market Players: Acotec Scientific AG, AR Baltic Medical AB, B. Braun Melsungen AG, and others.

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Product Innovations For Enhanced Treatment In Coronary Artery Disease

• Key Trend: Focus on product innovations to enhance treatment efficacy.
• Example: Medtronic PLC’s Prevail drug-coated balloon (DCB) Catheter for percutaneous coronary intervention (PCI) operations.
• Acquisitions: Cordis’s acquisition of Med Alliance SA to expand its cardiovascular portfolio.

Segmentation and Market Dynamics

• Market Segments:
  1. By Product: Drug-Coated Balloons for Peripheral Artery Disease, Coronary Artery Disease, and Other Indications.
  2. By Drug Type: Paclitaxel, Sirolimus.
  3. By End User: Hospitals, Cardiac Catheterization Labs, Ambulatory Surgical Centers.
• Regional Insights: North America leading in 2023, with expected continued growth.

Conclusion: Looking Ahead

• The drug-coated balloons market is poised for significant expansion, driven by technological innovations, increasing prevalence of cardiovascular diseases, and strategic acquisitions.
• Market players are focusing on meeting the evolving demands of healthcare with patient-centric solutions and expanding their global footprint.
• As the market continues to evolve, regulatory compliance, patient safety, and technological advancements will remain key focal points for stakeholders in the drug-coated balloons industry.

The drug-coated balloons market stands at the intersection of innovation and healthcare, poised to address the growing burden of cardiovascular diseases globally. With a robust growth trajectory and a landscape ripe for innovation, the market presents significant opportunities for companies to make a lasting impact on patient care and outcomes.

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