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(Medical-NewsWire.com, November 21, 2018 ) Balloon Catheter Market Overview
A balloon catheter refers to a soft catheter which has inflatable balloon which enlarges a narrow opening in the body and is used in catheterization. The deflated balloon catheter is first correctly positioned, then inflated to perform surgeries and deflate after the surgery is finished. Some of the applications where balloon catheters are used include angioplasty, tuboplasty and pyeloplasty.
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The significant drivers are raising geriatric population, growing demand for minimal invasive surgery, increasing government initiatives and increasing incidence of cardiovascular diseases. Advancements in technology, increasing incidence of peripheral vascular disease and increasing R&D are also expected to drive the market over the forecast period. Reimbursement issues and choice of alternatives like bypass surgery are major restraints.
Balloon Catheter Market Forecast Report (2018-2023)
Global Balloon Catheter Market is worth USD xx million in 2018 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2023.
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Balloon Catheter Market Segmentation
Global Balloon Catheter market is segmented based on Product type, raw material, disease indication, end user and region. Based on Product type the market is segmented into Cutting Balloon Catheter, Scoring Balloon Catheter, Normal Balloon Catheter, Drug Eluting Balloon Catheter and Stent Graft Balloon Catheter. The drug eluting balloon catheter category is expected to have the fastest growth during the forecast period. Based on raw material the market is segmented into Polyurethane and Nylon. Based on disease indication the market is segmented into Coronary Artery Disease and Peripheral Vascular Disease. Based on End User the market is segmented into Ambulatory Surgical Centers, Cardiac Catheterization Laboratories and Public Hospitals & Private Hospitals.
Geographically, the Global Balloon Catheter market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America is expected to have the largest share. North America has nearly one third of the market share. Asia Pacific is expected to have significant growth during the forecast period owing to factors like high economic and technological growth in emerging nations like China and India.
Major Players:
The major companies dominating this market for its products and services are
B. Braun Melsungen AG,
Abbott Vascular,
Terumo Medical, Corp.,
Medtronic,
Biosensors International, Ltd.,
Boston Scientific,
Goodman,
Cordis.
MicroPort Scientific, Corp.,
Simeks Medical,
AngioScore,
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Key Takeaways from this Report:
For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
Increase overall revenue by understanding the geographical impact on sales and distribution channels.
Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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Source: EmailWire.Com 
Source: EmailWire.com
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