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What Growth Opportunities are Expected to Drive the Angioplasty Balloons Market’s CAGR Through 2034?

The market size for angioplasty balloons has seen significant expansion in the recent past. The market, which is valued at $2.73 billion in 2024, is predicted to expand to $2.87 billion in 2025 showing a compound annual growth rate (CAGR) of 5.3%. The upward trend in the past can be accredited to factors such as an upsurge in clinical trials, reduced regulatory issues, an increase in training programs for physicians, enhanced reimbursement policy coverage and broadening of patient awareness and education.

The market for angioplasty balloons is slated for consistent expansion in the coming years, ballooning to $3.47 billion by 2029 at a compound annual growth rate (CAGR) of 4.9%. Several factors driving this growth over the projected period include the increasing elderly population, heightened incidence of heart-related conditions, amplified development of healthcare infrastructure in developing markets, more frequent utilization of minimally invasive techniques, and a swelling demand for interventional cardiology. Key developments anticipated during this period encompass personalized patient treatment methodologies, the incorporation of state-of-the-art imaging technologies, a transition towards outpatient procedures, the broadening of telemedicine for recovery care post-surgery, and a focus on cost-efficient healthcare remedies.

How Are the key drivers Contributing to the Expansion of the Angioplasty Balloons Market?

The angioplasty balloons market is anticipated to surge due to the escalating prevalence of cardiovascular diseases. These diseases, which significantly impact the heart and blood vessels, often lead to serious consequences like heart attacks or strokes. The sedentary lifestyle, poor eating habits, growing rates of obesity, and an aging population are triggering a rise in cardiovascular diseases. Angioplasty balloons are instrumental in dealing with such diseases, given their functionality in expanding blocked or narrowed blood vessels, which subsequently enhances blood circulation and lessens the chances of heart attacks or strokes. For example, in September 2024, data divulged by Minnesota Department of Health, a health agency based in the US, revealed that as high as 30% of adults in Minnesota, approximately 1.4 million people, suffered from high blood pressure in 2023. Additionally, in 2022, hypertensive diseases were directly or indirectly the cause of death for 14,225 residents, comprising nearly 28% of all deaths in the region. Hence, the growing instances of cardiovascular diseases are propelling the expansion of the angioplasty balloons market.

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What Are the Leading Industry Players Dominating the Angioplasty Balloons Market?

Major companies operating in the angioplasty balloons market are:

• Johnson & Johnson

• Abbott Laboratories

• Medtronic Plc

• Becton Dickinson

• Koninklijke Philips N.V

What Are the Latest Trends Leading to Disruption in the Angioplasty Balloons Market?

Leading firms in the angioplasty balloons market are concentrating their efforts on creating innovative items such as state-of-the-art medical balloon forming systems. These systems improve precision for manufacturing high-pressure balloons, critical to cardiac procedures. An example of this technology is the Advanced Medical Balloon Forming System, which precisely constructs medical balloons needed for catheter systems. For instance, in June 2024, Interface Catheter Solutions, an innovative US-based catheter technology firm, unveiled their BFM-5510 High Force Balloon Forming Machine. This sophisticated benchtop system is designed for producing low and non-compliant polymer balloons, which are essential in angioplasty, stent placement, and other vital cardiac procedures. Building upon the BFM-3310 platform, the BFM-5510 HF utilises beryllium copper moulds to accurately shape extruded balloon tubing, ensuring rigorous quality and tightly maintained tolerances across a broad array of sizes and shapes. This machine offers heightened production capabilities to meet the requirements of larger, thicker, and more intricate medical balloon manufacturing.

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Which Key Segments Stand Out in Understanding the Composition of the Angioplasty Balloons Market?

The angioplasty balloons market covered in this report is segmented –

1) By Product Type: Normal Balloons, Scoring Balloons, Drug-Eluting Balloons, Cutting Balloons

2) By Material: Non-Compliant, Semi-Compliant

3) By Application: Coronary Angioplasty, Peripheral Angioplasty

4) By End User: Hospitals, Specialty Clinics, Catheterization Laboratories, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Normal Balloons: Non-Compliant Balloons, Compliant Balloons

2) By Scoring Balloons: Semi-Compliant Scoring Balloons, Non-Compliant Scoring Balloons

3) By Drug-Eluting Balloons: Paclitaxel-Eluting Balloons, Sirolimus-Eluting Balloons, Everolimus-Eluting Balloons

4) By Cutting Balloons: Balloon Catheters With Cutting Blades, Balloon Catheters With Radial Scoring Elements

Which Regions Are Significant to the Growth of the Angioplasty Balloons Market?

North America was the largest region in the angioplasty balloons market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the angioplasty balloons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the Angioplasty Balloons Market and Its Key Components?

Angioplasty balloons refer to medical devices used to open narrowed or blocked blood vessels in the body. These balloons are commonly employed in the treatment of conditions such as coronary artery disease and peripheral artery disease. It works by inflating within the artery to compress the plaque against the vessel wall, restoring blood flow.

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