The Angioplasty balloons market growth are medical devices used to unblock and enlarge constricted blood vessels during surgical procedures. Drug-eluting, normal, scoring, and cutting balloons are common varieties of angioplasty balloons. Typically made from nylon, polyurethane, and silicone urethane polymers, they feature nitinol-restraining structures that create channels and cushions on the balloon's surface, allowing for predictable, uniform, and atraumatic dilation.
During surgery, the balloon is inflated to press the plaque against the blood vessel walls, thereby restoring normal blood flow and opening the blood vessels. The increasing prevalence of coronary and peripheral artery diseases around the world is one of the primary factors propelling market expansion. In accordance with this, the rising geriatric population and the prevalence of obesity and elevated cholesterol also contribute to the expansion of the market.
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In addition, there is a growing preference for drug-coated angioplasty balloons, which offer enhanced safety, efficacy, and blood flow within the body. This has also decreased the use of vessel implants, such as stents, which are known to induce vessel fractures. Various technological advancements, such as the development of imaging technologies and the introduction of innovative variations that can be implanted without general anesthesia, are also serving as significant growth-inducing factors.
Increasing health awareness among consumers, an improving healthcare infrastructure, and extensive research and development activities in the field of medical sciences are some of the other factors that are anticipated to propel the market forward.
Future Opportunities:
The angioplasty balloons market is expected to continue growing in the future, driven by the increasing prevalence of heart diseases and the growing demand for minimally invasive procedures. The development of new and innovative angioplasty balloons, such as bioresorbable balloons and drug-eluting balloons, is also expected to drive the growth of the market. In addition, the increasing adoption of robotic-assisted angioplasty procedures is expected to create new opportunities for the market players.
Recent Developments in the Angioplasty Balloons Market:
The angioplasty balloons market is highly competitive, with many key players operating in the market. Some of the leading players in the market include Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Cardinal Health, Inc., B. Braun Melsungen AG, Cook Medical, Inc., C. R. Bard, Inc., Terumo Corporation, Koninklijke Philips N.V., JOTEC GmbH. Some of the recent developments in the market are:
- In June 2022, according to the most recent Tack Optimized Balloon Angioplasty (TOBA) II below-the-knee (BTK) clinical trial findings, which were made public by Philips, the Tack (4F) endovascular system, which has FDA approval, provides patients with critical limb ischemia (CLI), a severe stage of peripheral arterial disease (PAD), a sustained treatment effect and improves quality of life for up to three years.
- In July 2022, BrosMed Medical received 510(k) clearance from the United States Food and Drug Administration for its Tiche 0.035 PTA Balloon Dilation Catheter.
- In August 2021, by collaborating with the National University of Ireland Galway (NUI Galway), SINOMED, a prominent global medical device company, announced the first commercial implantation of the HT Supreme Drug-Eluting Stent (DES) at University Hospital Galway, thereby promoting and advancing the European launch.
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