Occlusion Balloon Catheter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Material, Indication (Peripheral Vascular Diseases, Coronary Artery Disease, Others), End-User and Geography

Market Snapshot

Occlusion Balloon Catheter Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5 %
Occlusion Balloon Catheter Market Key Players

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Market Overview

Increasing cardiac diseases and the growing geriatric population are the primary factors for the growth of the occlusion balloon catheters market. Furthermore, increasing prevalence of peripheral vascular diseases coupled with advancements in catheterization technologies are projected to boost the market growth furthermore.

Moreover, the increasing awareness about cardiovascular diseases by the efforts of government and non-government organizations projected to boost the market growth over the forecast period. For instance, National Heart, Lung, and Blood Institute, along with the other groups around the United States, annually celebrate National Red Day, to raise the awareness about heart diseases. Such initiatives are contributing to the market growth in tehse developed countries.

However, the high cost of angioplasty procedures and the dearth of skilled professionals are hampering the market growth.

Scope of the Report

Balloon catheters are advanced medical devices that are used in peripheral and cardiac interventions. The device consists of a balloon and catheter. The report covers the occlusion balloon catheters that are used in the cardiac and peripheral interventions.

By Material
Latex
Silicone
Others
By Indication
Peripheral Vascular Diseases
Coronary Artery Diseases
Others
End-User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Coronary Artery Disease Application Projected to Grow at Notable Rate

  • According to the Center for Disease Control and Prevention (CDC), coronary artery disease was the most common type of heart disease killing around, 365,914 people in 2017 in the United States.
  • Furthermore, advancements in angioplasty coupled with the increasing prevalence of coronary artery disease rates are expected to boost the market growth.
  • Peripheral vascular disease segment is projected to have significant growth rate owing to an increase in peripheral vascular cases and the growing number of older population around the world.
  • For instance, according to the Institute for Health Metrics and Evaluation, Global Burden of Disease 2017, there was about 118.1 million prevalent cases and 10.8 million incident cases of peripheral artery disease worldwide in 2017.
  • Furthermore, the rising demand for minimally invasive procedures and technologically advanced interventions for better clinical outcome are anticipated to fuel the market growth over the forecast period.
Occlusion Balloon Catheter Market Key Trends

North America Share Projected to Grow at Prominent Rates

North America is projected to have notable growth rate over the forecast period owing to the factors such as availability of large patient pool, rapid advancement in technologies and increasing healthcare spending. Furthermore, an increase in the prevalence of vascular diseases is expected to boost the regional share. According to the American Heart Association Heart Disease and Stroke Statistics 2019 Update, peripheral artery disease affects 8.5 million people nationwide.

The Asia Pacific is projected to have a significant growth rate owing to, changing lifestyle that leading to vascular diseases and developing healthcare infrastructure. Furthermore, a growing preference in minimally invasive surgeries and rapid development in healthcare spending in emerging countries such as India and China are expected to bolster the regional market growth in the near future.

Occlusion Balloon Catheter Market Growth Rate

Competitive Landscape

Occlusion balloon catheters market is moderately fragmented and the presence of more number of market players. Market players are actively focusing on new product development and product launches to expand the market share. For instance, in April 2017, QXMédical has launched ResQ Occlusion Balloon Catheter in the United States. The key players operating in the market are Boston Scientific Corp., Cook Group Incorporated, Stryker Corporation, W. L. Gore & Associates., and Oscor Inc. among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Geriatric Population and Rising Prevalence of Cardiac Diseases

      2. 4.2.2 Increasing Disposable Income and Healthcare Spending

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Catheterization Procedures

      2. 4.3.2 The Dearth of Skilled Professionals and Risk of Infection

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material

      1. 5.1.1 Latex

      2. 5.1.2 Silicone

      3. 5.1.3 Others

    2. 5.2 By Indication

      1. 5.2.1 Peripheral Vascular Diseases

      2. 5.2.2 Coronary Artery Diseases

      3. 5.2.3 Others

    3. 5.3 End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corp.

      2. 6.1.2 Cook Group Incorporated

      3. 6.1.3 Stryker Corporation

      4. 6.1.4 W. L. Gore & Associates.

      5. 6.1.5 Merit Medical Systems

      6. 6.1.6 Oscor, Inc.

      7. 6.1.7 Edwards Lifesciences Corporation

      8. 6.1.8 PRYTIME MEDICAL

      9. 6.1.9 Fuji Systems

      10. 6.1.10 Edwards Lifesciences Corporation

      11. 6.1.11 QXMedical

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Occlusion Balloon Catheter Market market is studied from 2018 - 2026.

The Occlusion Balloon Catheter Market is growing at a CAGR of 5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Boston Scientific Corp., Cook Group Incorporated, Stryker Corporation, W. L. Gore & Associates, Oscor, Inc. are the major companies operating in Occlusion Balloon Catheter Market.

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