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How has the balloon catheters market size evolved in recent years?

In the past few years, the market size for balloon catheters has seen significant growth. The market is projected to expand from $3.92 billion in 2024 to $4.14 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. Factors contributing to this growth during the historic period include an intensified emphasis on managing chronic diseases, a rise in cardiovascular diseases, a burgeoning focus on patient-centric care, an increasing ageing population, and growing demands for improved catheter performance.

What are the predictions for the balloon catheters market size in the coming years?

In the coming years, the balloon catheters market size is predicted to experience significant growth, eventually reaching $5.08 billion in 2029 with a CAGR of 5.3%. This growth during the predicted period can be credited to factors such as increased spending on healthcare, the rise in endovascular procedures, boosted research and development activities, an increased application of balloon catheters in non-cardiac areas, and the enlargement of healthcare access in developing markets. Key emerging trends during this forecast period include the deployment of balloon-assisted stents, enhanced inflating mechanisms, customization coupled with improved imaging, as well as compatibility with wearable and remote monitoring gadgets.

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What key factors are fueling the growth of the balloon catheters market?

The anticipated growth of the balloon catheters market is closely tied with the rise in minimally invasive surgeries. Such surgeries, needing only small incisions, eliminate large cuts or openings in the body. They are gaining popularity due to reduced recovery times, lower risks, minimal pain and advances in both technology and outpatient processes. Balloon catheters greatly contribute to the success of these surgeries by heightening precision, safety, and patient comfort while also shortening hospital stays and recovery periods. For example, during the final quarter of 2023, Intuitive Surgical Inc, a US manufacturer of robotic products, recorded a placement of 415 da Vinci surgical systems. These systems employ minimally invasive surgery, marking a 12% growth compared to the preceding year. As such, the balloon catheters market will continue to grow as minimally invasive surgeries become more adopted.

How is the global balloon catheters market divided into key segments?

The balloon catheters market covered in this report is segmented –

1) By Type: Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheters, Chronic Total Occlusion (CTO) Balloon Catheters, Microcatheters

2) By Product Type: Normal Balloon Catheter, Drug Eluting Balloon Catheter, Cutting Balloon Catheter, Stent Graft Balloon Catheter, Scoring Balloon Catheter

3) By Distribution Channel: Direct Tender, Third Party Distribution, Other Distribution Channels

4) By Application: Coronary Artery Disease, Peripheral Artery Disease, Other Applications

5) By End User: Hospitals, Specialty Centers, Ambulatory Surgery Centers, Other End Users

Subsegments:

1) By Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheters: Semi-Compliant Balloon Catheters, Non-Compliant Balloon Catheters

2) By Chronic Total Occlusion (CTO) Balloon Catheters: High-Pressure CTO Balloon Catheters, Low-Profile CTO Balloon Catheters

3) By Microcatheters: Diagnostic Microcatheters, Therapeutic Microcatheters

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Who are the key firms paving the way for growth in the balloon catheters market?

Major companies operating in the balloon catheters market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Lepu Medical Technology, B. Braun Melsungen AG, Terumo Corporation, Teleflex Incorporated, Cook Medical Inc., Biotronik SE & Co. KG, Merit Medical Systems Inc., Asahi Intecc Co. Ltd., Freudenberg Medical LLC, Biomerics, AngioDynamics Inc., Endologix Inc., Raumedic AG, Otsuka Pharmaceutical Factory Inc., AngioScore Inc., CardioFlow, Endocor GmbH, MicroPort Scientific Corporation, Eureka Medical Inc., Neovasc Inc.

How are evolving market trends shaping balloon catheters Strategies?

Major companies operating in the balloon catheters market are focusing on developing mechanical thrombectomy (MT) procedure solutions to optimize the removal of blood clots by locally controlling blood flow during these interventions. Mechanical thrombectomy (MT) is a minimally invasive medical procedure used to remove blood clots from blood vessels, typically in cases of ischemic stroke. For instance, in September 2024, CERENOVUS, a neurovascular division of Johnson & Johnson Medical Devices Companies, launched the EMBOGUARD Balloon Guide Catheter in Europe. This device is designed for endovascular procedures, including treating acute ischemic stroke. The EMBOGUARD catheter enhances clot removal by locally controlling blood flow during mechanical thrombectomy procedures. Its use has been associated with increased first-pass recanalization rates, reduced procedure times, and a decreased likelihood of clot fragments causing distal emboli, which can lead to new ischemic events. The EMBOGUARD Balloon Guide Catheter is part of the CERENOVUS Stroke Solutions portfolio, a suite of technologies designed to assist physicians in performing mechanical thrombectomy procedures.

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What regions are contributing significantly to the growth of the balloon catheters market?

North America was the largest region in the balloon catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the balloon catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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