How the Drug Eluting Balloons Catheters Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Drug Eluting Balloons Catheters Market?
The escalating incidences of peripheral and cardiovascular diseases are predicted to fuel the growth of the drug-eluting balloon catheter market in the near future. A host of conditions affecting the heart and circulatory system are encompassed by cardiovascular diseases (CVDs) while peripheral artery disease (PAD) pertains specifically to a state in which blood flow, primarily to the arms or legs, is reduced due to constricted arteries. Drug-eluting balloon catheters, which are a treatment alternative for coronary artery disease (CAD), consist of anti-proliferative substance-coated semi-compliant angioplasty balloons that can create an anti-restenotic effect when introduced into the vessel. To illustrate, as per the Centers for Disease Control and Prevention, a US-based governmental agency, heart disease was responsible for the death of 702,880 individuals in 2022, equating to one in every five deaths. In the United States, almost 805,000 people have a heart attack each year, with 605,000 experiencing their first heart attack and 200,000 having had prior heart attacks. Consequently, the escalating occurrence of peripheral and cardiovascular diseases propels the drug-eluting balloon catheter market.
Drug Eluting Balloons Catheters Market Driver: Growth in Drug-Eluting Balloon Catheter Market Spurred by Demand for Minimally Invasive Procedures
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What is the Predicted Annual Growth Rate of theDrug Eluting Balloons Catheters Market Impact Industry Trends by 2034?
The market size for drug eluting balloons catheters has experienced rapid expansion in recent times. The market value is projected to increase from $1.43 billion in 2024 to $1.66 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.0%. The historical growth can be linked to factors like a surge in respiratory disorders, benefits of these devices over traditional inhalers, patient inclination towards dpis, governmental initiatives to improve respiratory health, strategic collaborations and partnerships, advancements in drug formulations, and an increasingly aging population.
In the coming years, the market size of drug eluting balloons catheters is anticipated to undergo swift expansion. It is projected to attain a value of $2.61 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 12.0%. This predicted growth in the forecast period can be ascribed to factors such as increasing occurrence of respiratory diseases, swelling elderly population, heightened awareness and education, market broadening in budding economies, specialized drug mixtures, compliance and support from regulations, as well as innovation in packaging and design. The key trends expected during this forecast period encompass smart inhalers and connectivity, a transition to breath-actuated inhalers, emphasis on pediatric and geriatric patient requirements, delivery of biologics, and eco-friendly inhaler designs.
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What Are the Most Significant Market Trends Transforming theDrug Eluting Balloons Catheters Market?
Prominent companies in the drug-eluting balloon catheter market are devoting their resources towards development of cutting-edge, next-generation products, aiming to secure their lead in the market. For example, in March 2024, Boston Scientific Corporation, an American multinational that specializes in biotechnology and biomedical engineering and manufactures medical devices, announced that it has obtained approval from the U.S. Food and Drug Administration (FDA) for their AGENT Drug-Coated Balloon (DCB). The AGENT DCB is the first coronary drug-coated balloon to be made available in the U.S for the treatment of in-stent restenosis (ISR), a condition where a stented vessel is obstructed by plaque or scar tissue. This balloon features a coating of paclitaxel which delivers a therapeutic dosage to the vessel wall, thereby lowering the chances of ISR recurrence without the necessity for additional stents or radiation. Clinical studies have reported a 49% reduction in the risk of heart attack at the target site and have reported minimal rates of negative side effects.
What Are the Top Market Players Propelling the Growth of theDrug Eluting Balloons Catheters Industry?
Major companies operating in the drug eluting balloons catheters market report are Abbott Laboratories, Medtronic PLC, Becton Dickinson and Company, Koninklijke Philips NV, Boston Scientific Corporation, B Braun Melsungen Aktiengesellschaft, Terumo Corporation, Cook Medical LLC, Lepu Medical Technology Co. Ltd., Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, BIOTRONIK SE & Co. KG, Acotec Scientific Co. Ltd., Cordis Corporation, Biosensors International Group Ltd., Zylox-Tonbridge Medical Technology Co. Ltd., Mermaid Medical AS, Hexacath Limited, Zhejiang Barty Medical Technology Co. Ltd., Cardionovum GmbH, Nano Therapeutics Pvt. Ltd., Tokai Medical Products Inc., Opto Circuits Limited, Acrostak (Schweiz) AG, Machine Solutions Inc., Concept Medical Inc., Aachen Resonance GmbH, AR Baltic Medical UAB
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Which Primary Segments of the Drug Eluting Balloons Catheters Market Are Driving Growth and Industry Transformations?
The drug eluting balloons catheters market covered in this report is segmented –
1) By Product: Coronary Artery Disease Drug-Eluting Balloon Catheters, Peripheral Vascular Disease Drug-Eluting Balloon Catheters
2) By Drug: Paclitaxel, Sirolimus, Other Drugs
3) By Raw Material: Nylon, Polyurethane, Other Raw Materials
4) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Catheterization Laboratories
Subsegments:
1) By Coronary Artery Disease: Drug-Eluting Balloon Catheters, Plain Balloon Catheters
2) By Peripheral Vascular Disease: Drug-Eluting Balloon Catheters, Angioplasty Balloon Catheters
3) By Angioplasty Balloon Catheters: Drug-Eluting Angioplasty Balloon Catheters
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Drug Eluting Balloons Catheters Market?# Market?
North America was the largest region in the drug eluting balloons catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drug eluting balloons catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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