Advancements in Medical Technology to Fuel Market Growth for Nylon Cutting Balloon Catheter – Fact.MR Analysis
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Nylon Cutting Balloon Catheter market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Nylon Cutting Balloon Catheter
The report offers actionable and valuable market insights of Nylon Cutting Balloon Catheter. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Nylon Cutting Balloon Catheter Market across various industries and regions.
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As per latest industry analysis published by Fact.MR, the global cutting balloon catheter market reached a valuation of around US$ 180 Mn in 2020, which amounts to around 5% share of the overall balloon catherization market. Sales of cutting balloon catheters are slated to accelerate at a steady CAGR of 4% to top US$ 260 Mn by 2031. Demand for drug delivery cutting balloon catheters for coronary artery disease is set to increase at a CAGR of 3% across the assessment period of 2021 to 2031.
|Market Size Value in 2020||US$ 180 Mn|
|Market Forecast for 2031||US$ 260 Mn|
|Global Growth Rate (2021 to 2031)||4% CAGR|
|Share of Top 5 Companies||40%|
This newly published and insightful report sheds light on Market Insights of Nylon Cutting Balloon Catheter, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Nylon Cutting Balloon Catheter Market.
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Key Segments Covered in Cutting Balloon Catheter Industry Research
- Cutting Balloon Catheters for Coronary Artery Disease
- Cutting Balloon Catheters for Peripheral Vascular Disease
- Polyurethane Cutting Balloon Catheters
- Nylon Cutting Balloon Catheters
- Cutting Balloon Catheters for Hospitals
- Cutting Balloon Catheters for Ambulatory Surgical Centers
- Cutting Balloon Catheters for Cardiac Catheterization Laboratories
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Several major market players are concentrating their efforts on forming effective joint ventures, acquisitions, and/or collaborations to expand their respective customer bases. Leading manufacturers of cutting balloon catheters are concentrating their efforts on new product developments and launches to increase their market share.
With constant development in the healthcare industry, cutting balloon catheter manufacturers are keeping a record of the latest advancements to formulate key business strategies.
Key Takeaways from Market Study
- Global cutting balloon catheter market to top US$ 260 Mn by 2031.
- Polyurethane cutting balloon catheters projected to reach valuation of around US$ 65 Mn by 2031.
- Demand for cutting balloon catheters for coronary artery disease expected to increase at CAGR of 3% through 2031.
- Sales of nylon cutting balloon catheters projected to record above 2% CAGR over next 10 years.
- Market in North America holds share of more than 40%.
- Market in South Korea expected to reach valuation of US$ 40 Mn by 2031.
- Industry in Russia to record 2% CAGR over forecast period of 2021- 2031.
“Growing adoption of advanced technology for healthcare and wellness, emergence of innovative products, and consumer concerns regarding heart diseases and their treatment are all driving demand for cutting balloon catheters,” says a Fact.MR analyst.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Nylon Cutting Balloon Catheter, Sales and Demand of Nylon Cutting Balloon Catheter, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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