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How has the angioplasty balloons market grown over the years?

The angioplasty balloons market has experienced strong growth in recent years. It will increase from $2.73 billion in 2024 to $2.87 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth is driven by increasing clinical trials, reduced regulatory hurdles, rising physician training programs, expanding reimbursement coverage, and growing patient awareness and education.

What Is the forecasted market size and growth rate for the angioplasty balloons market?

The angioplasty balloons market is expected to grow steadily, reaching $3.47 billion by 2029 at a CAGR of 4.9%. Growth is attributed to an aging population, a rise in cardiovascular diseases, expanded healthcare infrastructure in emerging markets, greater adoption of minimally invasive procedures, and increasing interventional cardiology demand. Key trends include personalized treatment approaches, advanced imaging technologies, outpatient procedures, telemedicine expansion for post-operative care, and cost-effective healthcare solutions.

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What are the major factors driving growth in the angioplasty balloons market?

The rising prevalence of cardiovascular diseases is expected to stimulate the growth of the angioplasty balloons market. Angioplasty balloons are used in cardiovascular procedures to open narrowed or blocked blood vessels. This rise in cardiovascular diseases is linked to sedentary lifestyles, poor diets, and aging populations. For example, in September 2024, the Minnesota Department of Health reported that 30% of adults in Minnesota had high blood pressure in 2023. This increase in cardiovascular diseases is contributing to the growth of the angioplasty balloons market.

What key areas define the segmentation of the global 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

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What are the top market players propelling the growth of the angioplasty balloons industry?

Major companies operating in the angioplasty balloons market are Johnson & Johnson, Abbott Laboratories, Medtronic Plc, Becton Dickinson, Koninklijke Philips N.V, Boston Scientific Corporation, B. Braun SE, Terumo Corporation, Cook Medical, Biotronik SE, Merit Medical Systems Inc., Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, AngioDynamics, Cordis, SurModics, iVascular, Hexacath, Balton Sp, Cardionovum, QualiMed Innovative Medizinprodukte GmbH, Acrostak, Panmed US Inc., Translumina GmbH, Concept Medical Inc

What are the key trends shaping the future of the angioplasty balloons market?

Companies in the angioplasty balloons market are concentrating on creating innovative products, such as advanced medical balloon forming systems, to improve the precision in producing high-pressure balloons for vital cardiac procedures. For example, in June 2024, Interface Catheter Solutions, a U.S.-based company, introduced the BFM-5510 High Force Balloon Forming Machine, which is designed to create low- and non-compliant polymer balloons used in angioplasty and stent placement. The BFM-5510 offers enhanced production capabilities, ensuring high-quality standards for a variety of balloon sizes and shapes.

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What regions are dominating the angioplasty balloons market growth?

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.

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