Europe to be the Most Attractive Market for Modified Balloon Stent Catheters – Fact.MR Study
According to Fact MR’s recent market research, sales of Modified Balloon Stent Catheters to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Modified Balloon Stent Catheters market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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As per latest industry analysis published by Fact.MR, the global stent graft balloon catheter market reached a valuation of around US$ 800 Mn in 2020, which amounts to around 3.5% share of the overall catheter market. Sales of stent graft balloon catheters are slated to rise at a CAGR of 7% to top US$ 1.6 Bn by 2031. Demand for compliant balloon stent catheters is high, and is set to increase at a CAGR of 5% across the assessment period of 2021 to 2031.
|Stent Graft Balloon Catheter Market Size in 2020||US$ 800 Mn|
|Sales Forecast for Stent Graft Balloon Catheters by 2031||US$ 1.6 Bn|
|Global Market Growth Rate (2021 to 2031)||7% CAGR|
|Share of Top 5 Companies||50%|
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 Modified Balloon Stent Catheters 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 Modified Balloon Stent Catheters
The report offers actionable and valuable market insights of Modified Balloon Stent Catheters. 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 Modified Balloon Stent Catheters Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Modified Balloon Stent Catheters, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Modified Balloon Stent Catheters Market.
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Key Segments Covered in Stent Graft Balloon Catheter Industry Research
- Compliant Balloon Stent Catheters
- Non-compliant Balloon Stent Catheters
- Stent Graft Balloon Catheters for Hospitals
- Stent Graft Balloon Catheters for Ambulatory Surgical Centers
- Stent Graft Balloon Catheters for Cardiac Catheterization Laboratories
- Stent Graft Balloon Catheters for Coronary Artery Disease
- Stent Graft Balloon Catheters for Peripheral Vascular Disease
- Stent Graft Balloon Catheters for Balloon Angioplasty
- Stent Graft Balloon Catheters for Bypass Graft Surgery
- Stent Graft Balloon Catheters for Atherosclerosis Patients
- Polyurethane Stent Graft Balloon Catheters
- Nylon Stent Graft Balloon Catheters
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Expansions, capital investments, R&D activities, technological developments, new product releases, distribution agreements, product portfolio, collaborations, mergers & acquisitions, and strategic alliances are all used by top manufacturers of stent graft balloon catheters.
Top stent graft balloon catheter suppliers have implemented an expansion strategy to increase their production capabilities to meet the growing demand for diverse applications. Several product developments in stent graft balloon catheters are being approved by regulatory bodies for treating vascular diseases.
- For example, the FDA recently approved an expandable balloon stent graft developed by W.L. Gore & Associates for the treatment of peripheral artery disease.
9 Key Estimations from Fact.MR’s Report on the Global Stent Graft Balloon Catheter Market
- Based on raw material, sales of polyurethane for producing stent graft balloon catheters will register a steady expansion, while sales of nylon are estimated to register a sluggish growth through 2022.
- Cardiac catheterization laboratories are anticipated to become the fastest growing end-users in the global stent graft balloon catheter market.
- Ambulatory surgical centres are expected to be the least lucrative end-users of stent graft balloon catheters.
- Hospitals will continue to be the largest end-user segment, with sales poised to reach nearly US$ 900 Mn by 2022-end.
- Sales of stent graft balloon catheters for coronary artery disease indication are projected to account for over two-third share of the market over the forecast period, in terms of revenues.
- Demand for stent graft balloon catheters from peripheral vascular disease indication segment will remain sluggish in the market.
- Although, the market in Middle East & Africa (MEA) is expected to register a sluggish expansion, sales of stent graft balloon catheter in this region are estimated to gain an uptick by 2022-end.
- Europe will continue to be the largest market for stent graft balloon catheter, with sales projected to exceed US$ 400 Mn in revenues by 2022-end.
- Key players contributing to growth of the market include Meril Life Sciences Pvt. Ltd., Abbott Laboratories, Hexacath, Cardionovum GmbH, Jotech GmbH, MicroPort Scientific Corporation, Boston Scientific Corporation, Terumo Corporation, Cook Medical INC, B. Braun Melsungen AG, Cordis Corporation, and Medtronic Plc.
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Report Benefits & Key Questions Answered
- Modified Balloon Stent Catheters Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Modified Balloon Stent Catheters Historical volume analysis: The report provides a comparison of Modified Balloon Stent Catheters’s historical sales and projected sales performance for 2021-2031.
- Modified Balloon Stent Catheters Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Modified Balloon Stent Catheters market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Modified Balloon Stent Catheters Consumption by demographics: The report investigates consumer behavior affecting Modified Balloon Stent Catheters demand outlook for the assessment period. Effect of their keenness for digital trends on Modified Balloon Stent Catheters market is carefully analyzed
- Post COVID consumer spending on Modified Balloon Stent Catheters: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Modified Balloon Stent Catheters market growth.
More Valuable Insights on Modified Balloon Stent Catheters Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Modified Balloon Stent Catheters, Sales and Demand of Modified Balloon Stent Catheters, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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