Use of Robust Robotic Devices is Fueling the Demand in the Drug-Coated Balloons Market
According to the latest Arizton's market research report, the drug-coated balloons market size to cross USD 1.5 billion by 2025, growing at a CAGR of 15% during the forecast period.
Drug-Coated Balloons Market Growth
The drug-coated balloons market is one of the fastest growing segments in the cardiovascular devices market. The market is growing at a significant rate and is expected to grow at a similar pace during the forecast period. The surge in growth is attributable to the rising prevalence/incidence of CVDs, especially PAD and CAD worldwide. The market is also increasing due to growing awareness among patients regarding cardiovascular diseases and increasing the availability of several best endovascular and cardiovascular treatment options. The shift toward MI surgical techniques is also further driving the drug-coated balloons market indirectly.
Robust DCB Devices in Pipeline
Many vendors are investing a significant amount on R&D activities to develop and commercialize next-generation DCBs. Players such as BD, Boston Scientific, Medtronic, and Koninklijke Philips have promising investigational DCBs under development, especially in the US. Several DCBs which are under clinical investigation are likely to receive regulatory approvals during the forecast period, thereby positively influencing the growth of the global drug-coated balloons market.
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Key Offerings:
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by indication, drug type, end-users, and geography
- Competitive Landscape – 3 Key Company Profiles, 21 Other Prominent Vendors, and 2 Investigational Companies
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Drug-Coated Balloons Market – Geographic Analysis
The drug-coated balloons market in APAC accounted for a share of around 9% in the overall market. Japan, China, Australia, South Korea, and India are the major revenue contributors in the drug-coated balloons market in APAC. The increasing prevalence of CVDs, an aging population, and rising obesity cases are key factors driving the drug-coated balloons market in APAC. APAC has immense growth potential for the adoption and usage of DCB products during the forecast period. One of the primary factors driving the drug-coated balloons market in Europe is the availability of a broad range of DCBs for treating several vascular indications.
Competition Overview
The global drug-coated balloons market is highly dynamic with the presence of global, regional, and local players offering a broad range of latest-generation DCBs for end-users. The companies have a wide geographical reach, diversified product portfolio, and a strong focus on innovation and research activities. Vendors, especially global players are increasingly focusing on pursuing inorganic growth strategies such as acquisitions and investments in emerging startups to expand their presence, enhance product portfolio, and improve expertise in the market. The large vendors are basically dominating the market as there are significant growth opportunities for new and emerging players as the drug-coated balloons market is still in its initial growth phase and is growing at a rapid pace.
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