The global drug-coated balloon catheter market size is expected to reach USD 1.18 billion by 2030, expanding at 8.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The drug-coated balloon catheters are also referred as drug-eluted balloon catheter which eliminate the risk of stent thrombosis, minimize the duration of dual antiplatelet therapy, and facilitate targeted drug distribution. A few of the key causes driving the market growth are a growing elderly population, rising cardiovascular disease prevalence, and an increase in minimally invasive surgical techniques. Major cardiovascular conditions that are common worldwide include coronary artery disease (CAD), arrhythmias, peripheral vascular disorder, as well as congenital heart problems. Drug-eluting balloon catheters are frequently used to treat these kinds of conditions. The need for minimally invasive processes is expected to rise, and technological advancements in drug-eluting balloon catheters are expected to contribute to this growth. The growing older population has had a substantial impact on market share. Older individuals are more vulnerable to chronic health problems, making them susceptible to diseases like peripheral and cardiovascular abnormalities. Drug-eluting/drug-coated balloon catheters can treat and resolve these problems. Drug-eluting balloon catheters are used by patients to treat coronary atherosclerosis and prevent restenosis. The aforementioned factors are therefore expected to increase consumer demand for drug-eluting balloon catheters.
The Australian Institute of Health and Welfare estimates that in May 2022, out of 11.8 million enrollments, 7.0% of hospitalizations had an ICU stay, and 3.8% involved cardiovascular disorders. Additionally, it is anticipated that rising healthcare spending and the aging population, which is more likely to develop cardiovascular illnesses, would support market expansion.
Additionally, it is anticipated that rising healthcare spending and the aging population, which is more likely to develop cardiovascular illnesses, would support market expansion. For instance, according to a research paper released in December 2021 by Elsevier, the overall reported rate of confirmed cardiovascular diseases (CVDs) was 29.4% for adults aged 45 and over. The prevalence rate rose with age, rising from 22% within the 45–54 age range to 38% in the 70–and-over age group, indicating that the elderly population has a greater risk of developing CVDs. Given that drug-eluting/drug-coated balloons are used to treat a variety of cardiovascular problems, their prevalence is predicted to increase demand for them and aid in the recovery of those who are affected.
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By type, the paclitaxel segment accounted for the largest share in 2022. The market is expanding due to rising cardiovascular diseases worldwide. This is the crucial factor driving the expansion of this industry
By product, the peripheral vascular disease segment accounted for the largest share in 2022. The market is primarily impacted by the global increase in the prevalence of peripheral artery disease, increased funding for research, and the development of products to treat the illness
By end-use the hospital segment accounted for the largest share in 2022. The market is expanding due to more individuals choosing to have their medical care from expert surgeons in hospitals. Additionally, more hospitals are being built in emerging areas due to rising healthcare costs. Thus, it will propel the segment's growth
North America held the largest share in 2022. This is mostly due to the presence of major market participants, the rising cost of healthcare in the U.S., and others, which are driving up the market across the region
The Asia Pacific is expected to grow at the fastest rate during the forecast period. This is due growing aging population in nations like China and Japan and rising disposable income, rising awareness, and others
A few of the key market players include Bayer AG; B. Braun SE; Eurocor GmbH; Biosensors International Group; Boston Scientific Corporation; iVascular; Medtronic plc; BIOTRONIK; Caliber Therapeutics; Concept Medical Research.
Grand view research has segmented the global drug-coated balloon catheter market based on type, product, end-use, and region:
Drug-coated Balloon Catheter Type Outlook (Revenue, USD Million, 2018 - 2030)
Drug-coated Balloon Catheter Product Outlook (Revenue, USD Million, 2018 - 2030)
Coronary Artery Disease
Peripheral Vascular Disease
Drug-coated Balloon Catheter End-use Channel Outlook (Revenue, USD Million, 2018 - 2030)
Ambulatory Surgical Centers
Drug-coated Balloon Catheter Regional Outlook (Revenue, USD Million, 2018 - 2030)
Middle East & Africa
List Of Key Players in the Drug-coated Balloon Catheter Market
B. Braun SE
Biosensors International Group
Boston Scientific Corporation
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