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What is the Expected Growth Trajectory for the Drug-Coated Balloons Market by 2033?

The market size for drug-coated balloons has experienced rapid expansion in the past few years. It is projected to increase from $0.95 billion in 2023 to $1.1 billion in 2024, representing a compound annual growth rate (CAGR) of 16.3%. The past growth of this market is primarily due to the rise in cardiovascular disease occurrences, the preference for less invasive medical procedures, the prevalence of peripheral artery disease (pad), reduced rates of restenosis, and advancements in the field of interventional cardiology.

The market for drug-coated balloons is projected to experience a substantial increase in the coming years, expected to reach $1.93 billion by the year 2028 with a Compound Annual Growth Rate (CAGR) of 15.0%. Contributing factors to this growth during the forecast period include a rise in the aging population, widening of indications and applications, emphasis on outpatient and ambulatory care, integration with advancements in drug delivery systems, and worldwide health initiatives. The forecast period also sees key trends such as obtaining regulatory approval for new types of formulations, reducing side effects, the advent of bioresorbable coatings, market development in emerging economies, and adopting patient-focused methods.

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What Factors Are Leading to Growth in the drug-coated balloons Market?

The growing incidence of coronary artery disease (CAD) promises to stimulate the progression of the market for drug-coated balloons. Characterized by the constriction or blockage of coronary arteries that supply blood to the heart muscle, CAD often results in heart attacks. Drug-coated balloons, which dispense medication into the artery during the procedure, are employed in CAD treatment to deter restenosis, i.e., the recurrence of artery constriction post angioplasty. A case in point is May 2023 when a Centers for Disease Control and Prevention report disclosed that fatalities due to coronary heart disease in the United States rose to 375,476 in 2021, and approximately 1 in 20 adults aged 20 and over were found to have coronary heart disease. The rising CAD incidence, therefore, is anticipated to prime the growth of the drug-coated balloon market.

Which Segments Play a Key Role in Understanding the Drug-Coated Balloons Market?

1) By Product: Drug-Coated Balloons For Peripheral Artery Disease, Drug-Coated Balloons For Coronary Artery Disease, Drug-Coated Balloons For Other Indications

2) By Drug Type: Paclitaxel, Sirolimus

3) By End User: Hospitals, Cardiac Catheterization Labs, Ambulatory Surgical Centers

What Trends Are Emerging as Game-Changers in the Drug-Coated Balloons Market?

The surge in product invention is a crucial trend amassing interest in the drug-coated balloons market. Key players in this area are zeroing in on the establishment of advanced and inventive solutions to consolidate their market position. In July 2021, Medtronic plc, a United States-based medical device developer, introduced the Prevail drug-coated balloon (DCB) Catheter. This sophisticated instrument is utilized during percutaneous coronary intervention (PCI) procedures to help patients suffering from coronary artery disease (CAD), who have occluded or narrowed coronary arteries. It focuses therapy delivery to the site of the blockage using paclitaxel, a drug renowned for its quick absorption. This ensures efficient treatment of numerous types of lesions, such as in-stent restenosis (ISR), small vascular disease, and new lesions.

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Which Regions Are Setting the Pace for Drug-Coated Balloons Market Growth?

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

The Drug-Coated Balloons Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the drug-coated balloons market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Drug-Coated Balloons Market Include

1. Drug-Coated Balloons Market Executive Summary

2. Drug-Coated Balloons Market Segments

3. Drug-Coated Balloons Market Size And Template Market Growth Rate

4. Key Drug-Coated Balloons Market Trends

5. Major Drug-Coated Balloons Market Drivers

……

25. Key Mergers And Acquisitions In The Drug-Coated Balloons Market

26. Top Drug-Coated Balloons Companies

27. Drug-Coated Balloons Market Opportunities And Strategies

28. Drug-Coated Balloons Market, Conclusions And Recommendations

29. Appendix

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