Home > Healthcare > Medical Devices > Therapeutic Devices > Drug-eluting Balloon Catheters Market
Drug-Eluting Balloon Catheters Market size was valued at around USD 582 million in 2022 and is estimated to witness 11.5% CAGR between 2023 and 2032. The high industry expansion can be primarily attributed to factors including advancements in drug delivery technologies, growing trend towards minimally invasive procedures, rising awareness and increasing incidence of cardiovascular diseases among others.
According to the World Health Organization (WHO), cardiovascular diseases are a leading cause of mortality globally, accounting for a significant percentage of deaths. For instance, as per the 2023 report by Centers for Disease Control and Prevention (CDC), there were around 0.7 million deaths from heart related diseases in the U.S.
Moreover, ongoing advancements in drug delivery technologies contribute to the development of more effective and targeted drug-eluting balloon catheters. Drug-eluting balloon catheters, with their anti-proliferative drug coatings, aim to reduce the incidence of restenosis compared to traditional angioplasty. Furthermore, increasing awareness among healthcare professionals and patients about the benefits of drug-eluting balloon catheters contributes to higher adoption rates.
Drug eluting balloon catheters or drug coated balloons aide in treating hyperplasia. The catheter carries an antiproliferative drug, usually paclitaxel or sirolimus that is delivered to the arterial walls as the balloon expands. Additionally, it offers controlled drug delivery to treat cardiovascular or peripheral diseases.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Drug-eluting Balloon Catheters Market Size in 2022: | USD 581.9 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 11.5% |
2032 Value Projection: | USD 1.7 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 170 |
Tables, Charts & Figures: | 342 |
Segments covered: | Product, Material, End-use, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|