According to FutureWise analysis the market for advanced balloon catheter in 2023 is US$ 2.76 billion, and is expected to reach US$ 5.81 billion by 2031 at a CAGR of 9.72%.
The balloon catheter consists of a distal balloon and a catheter that extends from the proximal end of the balloon out of the body. It forms a conduit for balloon inflation fluid. The catheter is designed to be of a size that is small enough to allow the deflated balloon to be inserted into the body with ease. Balloon catheters are used in various minimally invasive diagnostic and therapeutic processes, including dilating vessels, opening blockages, delivering stents, and more. A specifically designed catheter known as a stent with a tiny balloon is carefully guided inside the artery to the blockage, then inflated to enlarge the opening and increase blood flow to the heart. A stent is often placed to keep the artery open after the balloon is emptied and removed.
In the past few years, many refinements have been developed in the PTCA procedure. One standard procedure used in PTCA is stent placement. A stent is a small, expandable metal coil inserted into the newly-opened region of the artery to help keep the artery from closing again. Once the stent is placed, the tissue will develop over it within a few days after the procedure. The stent will be entirely covered by tissue within a month or so. It is necessary to take a prescription, such as aspirin or clopidogrel, which decreases the "stickiness" of platelets to prevent blood clots from forming inside the stent.
FutureWise Market Research has published a report that provides an insightful analysis advanced balloon catheter market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, advanced balloon catheter market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.