Transparency Market Research Report Added "Angioplasty Balloons Market" to its database.
Albany, NY -- (SBWIRE) -- 09/10/2015 -- Recent advances in the fabrication and design of angioplasty balloons have enhanced their performance and expanded their use into several new applications in health care. Balloon angioplasty is a minimally invasive procedure that helps open up obstructed blood vessels. The concept was designed and developed in the late 1970s, when high-pressure balloons were used in angioplasty to open up blood vessels clogged by buildup of fatty plaque.
Technological Advancements Helping Diverse Applications of Angioplasty Balloons
Over the years, with enhancements in balloon design and technology, the devices available on the market today play a vital role in the treatment of peripheral and coronary artery diseases. Today, angioplasty balloons are well-suited for use in a wide range of minimally invasive procedures and medical applications. They can be produced in a broad range of lengths, shapes, and diameters, including special configurations such as specialty coatings for added performance and complex custom shapes for specific medical applications.
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Moreover, technological advancements in terms of manufacturing of angioplasty balloons market have increased the flexibility for designers and producers to design and manufacture specific medical devices for angioplasty. According to a leading market research firm, the global angioplasty balloons market is expected to rise at a CAGR of 3.5% from 2015 to 2023 due to the increasing prevalence of coronary artery disease and rise in aging population. Such factors are expected to boost the demand for new products in the angioplasty balloons market, encouraging it to reach US$2.54 billion in 2023 from US$1.78 billion in 2014.
Increased Demand for Percutaneous Coronary and Peripheral Interventions to Boost Market
Angioplasty and many related techniques are commonly known as percutaneous coronary intervention (PCI) or percutaneous transluminal coronary angioplasty (PTCA). They open narrowed or blocked coronary arteries caused by coronary arteries disease (CAD). The high prevalence of coronary and peripheral artery diseases around the world is expected to increase the demand for percutaneous coronary and peripheral interventions, which would boost the growth of the angioplasty balloons market.
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In order to remove the clot from the blocked coronary arteries and increase blood flow to the heart muscle, PTCA balloon catheters are used during angioplasty. These devices use dilatation balloons to dilate and unblock arteries and allow the blood to flow from the arteries without the need for open heart surgery. Some of the typical balloons for PTCA catheters used in the medical industry range in size from 2 to 4 mm in diameter and 10 to 40 mm in length and have pressure capacity ratings of 10-20 atm.
PTCA balloon catheters were the first devices used in the field of interventional cardiology. Growth of the stent market within the interventional cardiology devices segment has fueled the sales of PTCA balloons and their product range across the globe. According to the Centers for Disease Control and Prevention (CDC), coronary artery disease accounts for 370,000 deaths in the U.S. every year. North America and Europe were the largest regional markets for angioplasty balloons in 2014. They accounted for more than 67% of the global market. These regions are expected to rise until 2023 due to the increasing number of new product approvals and balloon types in the global angioplasty balloons market.
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