Scoring Balloon Catheters Market Value Is Projected To Increase To Usd 200 Million By 2022

Healthcare

The global scoring balloon catheters market is expected to reflect a slowdown in growth due to increased risk of infection and arterial collapse. The scoring balloon catheter device witnesses a steady demand among healthcare professionals around the world.

The growing preference for scoring balloon catheters over conventional catheters due to the limited capabilities of the medical industry will accelerate the growth of the global market.

A Market Research Study for Scored Balloon Catheters by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights key drivers of increasing demand and growth. The sales outlook for scoring balloon catheters according to the market research study is quite positive and is expected to register higher market growth during the forecast period. The market research report also provides the latest industry analysis of Scoring Balloon Catheters along with key analysis of the Scoring Balloon Catheters market drivers, trends, and influencing factors.

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Key Takeaways from Market Study

  • Global scoring balloon catheter market to top US$ 350 Mn by 2031.
  • Scoring balloon catheters for coronary artery disease projected to reach around US$ 160 Mn by 2031.
  • Scoring balloon catheters for peripheral vascular disease projected to record above 5% CAGR over next 10 years.
  • Market in North America holds share of more than 50%.
  • Market in France expected to reach valuation of US$ 70 Mn by 2031.
  • Market in Australia to record 4% CAGR over the forecast period of 2021- 2031.

“Latest innovations in healthcare devices, increase in number of catheterization laboratories, and expanding emerging markets will pave the way for new opportunities for scoring balloon catheter manufacturers over the coming years,” says a Fact.MR analyst.

Market Competition

To provide consumers with more accurate and effective healthcare, manufacturers are continuously focusing on the research & development of technologically improved medical products.

Key manufacturers of scoring balloon catheters are focusing on new product launches as well as mergers and acquisitions to assist them to develop their market across multiple geographies. Partnerships and collaborations are two of the most common strategies used by businesses to expand their market share.

Companies are also concentrating on reducing production waste and ensuring manufacturing sustainability. Key players are focusing on increasing market appeal and delivery, expanding their portfolios, and developing their brands.

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