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Balloon Valvuloplasty Devices Market Trends

  • Report ID: GMI9540
  • Published Date: May 2024
  • Report Format: PDF

Balloon Valvuloplasty Devices Market Trends

The increasing prevalence of valvular heart disease is a significant driver for balloon valvuloplasty devices industry. Risk factors for valvular heart disease (VHD), including pulmonary arterial hypertension, hypercholesterolemia, diabetes, and smoking, are becoming increasingly prevalent worldwide.  
 

  • According to the Multidisciplinary Digital Publishing Institute (MDPI), in 2023, the prevalence of rheumatic heart disease, the most common valvular heart disease (affecting approximately 41 million people), has been rising in developing nations, likely due to the expansion of the young adult population.
     
  • Balloon valvuloplasty procedures have expanded beyond their traditional indications to include a broader spectrum of patients with various types and severities of valvular stenosis or regurgitation. Improved cardiology information system, device technology, procedural techniques, and patient selection criteria have widened the applicability of balloon valvuloplasty, making it a viable treatment option for a larger proportion of patients with VHD.
     
  • Moreover, the prevalence of valvular heart disease is not limited to developed countries, it is also increasing in emerging markets due to demographic shifts, urbanization, and changes in lifestyle factors. As healthcare infrastructure improves and access to advanced medical treatments expands in these regions, the demand for balloon valvuloplasty devices is expected to grow.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for balloon valvuloplasty devices was valued at USD 2.4 billion in 2023 and is estimated to grow at 4.8% CAGR from 2024 to 2032, driven by rising geriatric population.

The standard balloon product type segment in the balloon valvuloplasty devices industry is estimated to record USD 1.5 billion by the end of 2032, owing to their versatility and utility in a variety of valvuloplasty procedures.

U.S. balloon valvuloplasty devices market held a decent growth rate in 2023 and will grow at 4.4% CAGR during 2024-2032, owing to the high prevalence of valvular heart disease, such as aortic stenosis and mitral stenosis, due to an aging population and lifestyle-related risk.

Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson, and Company, Boston Scientific Corporation, Cardinal Health, Inc., Cook Medical Inc., Edwards Lifesciences Corporation, Innomed Medical Development Ltd., Jotech GmbH, and Medtronic plc among others.

Balloon Valvuloplasty Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 272
  • Countries covered: 23
  • Pages: 180
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