Drug-Eluting Balloons Global Market is Expected to Expand at a Healthy Growth Rate of ~8% by 2028, Predicts DelveInsight

The growing occurrence of various heart conditions, such as peripheral and coronary artery diseases, is a key factor driving the demand for drug-eluting balloons. Additionally, the rising popularity of minimally invasive techniques, the advantages offered by balloon catheters compared to drug-eluting stents, the expanding elderly population, and other factors are expected to contribute to the increasing demand for drug-eluting balloons in the coming years.

LAS VEGAS, Jan. 24, 2024 /PRNewswire/ -- DelveInsight's Drug-Eluting Balloons Market Insights report provides the current and forecast market analysis, individual leading drug-eluting balloons companies' market shares, challenges, drug-eluting balloons market drivers, barriers, trends, and key market drug-eluting balloons companies in the market.

Key Takeaways from the Drug-Eluting Balloons Market Report

• As per DelveInsight estimates, North America is anticipated to dominate the global drug-eluting balloons market during the forecast period. 
• Notable drug-eluting balloons companies such as Boston Scientific Corporation, BD, Terumo Corporation, Medtronic, Koninklijke Philips N.V., M.A. Med Alliance SA., Cook, BIOTRONIK, SurModics Inc., B. Braun SE, Aachen Resonance Entwicklungsgesellschaft mbH, Biosensors International Group, Ltd., Eurocor GmbH, iVascular, Innvolution, Cardiovascular Systems, Inc., Genesis Medtech, Concept Medical, Cardionovum GmbH, YINYI (LIAONING) BIOTECH CO., LTD., and several others, are currently operating in the drug-eluting balloons market.
• In May 2023, the US FDA granted an Investigational Device Exemption (IDE) approval for Concept Medical Inc's novel MagicTouch Sirolimus Coated Balloon (SCB) for the treatment of Small Vessels (SV) in coronary arteries.
• In September 2022, the FDA granted Advanced NanoTherapies a Breakthrough Device Designation (BDD) for its SirPlux Duo Drug-Coated Balloon (DCB) to treat coronary artery disease.
• In October 2022, Cordis, a worldwide leader in the development and manufacturing of interventional cardiovascular and endovascular technologies, announced its acquisition, subject to customary closing conditions including regulatory approvals, of MedAlliance, a Switzerland-based company at the forefront of transformative drug-eluting balloons.

To read more about the latest highlights related to the drug-eluting balloons market, get a snapshot of the key highlights entailed in the Global Drug-Eluting Balloons Market Report

Drug-Eluting Balloons Overview

Drug-eluting balloons (DEBs) represent a groundbreaking advancement in the field of interventional cardiology and vascular medicine. These specialized medical devices are designed to address the challenges associated with restenosis, a common complication following angioplasty procedures. Unlike traditional angioplasty balloons, DEBs are coated with a thin layer of pharmacological agents, usually anti-proliferative drugs, which are released locally into the arterial wall during balloon inflation. This controlled drug delivery helps inhibit the excessive growth of smooth muscle cells, preventing the recurrence of narrowing within the treated blood vessel. Drug-eluting balloons have gained prominence, particularly in the treatment of coronary artery disease and peripheral arterial disease, offering a targeted and effective approach to enhance the outcomes of angioplasty procedures. As a minimally invasive alternative to stents, DEBs have shown promise in reducing the need for repeat interventions and improving long-term clinical results. The ongoing research and development in this field continue to refine the technology, paving the way for more advanced and tailored therapeutic options in cardiovascular care.

Drug-Eluting Balloons Market Insights

In 2022, North America held the largest market share in the drug-eluting balloon market. This dominance is attributed to the growing use of drug-eluting balloons for addressing peripheral and coronary artery disease, coupled with an increase in sedentary lifestyles, inadequate physical activity, suboptimal diets, heightened levels of anxiety and stress leading to chronic conditions like diabetes and obesity. These factors contribute to a surge in various cardiovascular diseases. The rise in product launches and approvals, a favorable regulatory environment, and other factors are driving the North American drug-eluting balloon market. 

Additionally, the region benefits from the presence of key manufacturers, continuous introduction of new and advanced devices, and supportive reimbursement regulations. For instance, in November 2022, Genesis MedTech Group announced the FDA approval of the Chocolate Touch® Drug-coated Balloon PTA Catheter, developed by TriReme Medical LLC, for treating peripheral artery disease in the superficial femoral artery and the popliteal artery.

To know more about why North America is leading the market growth in the drug-eluting balloons market, get a snapshot of the Drug-Eluting Balloons Market Outlook 

Drug-Eluting Balloons Market Dynamics

The demand for drug-eluting balloons is on the rise due to several factors, with a significant contributor being the increasing prevalence of heart diseases, encompassing both peripheral and coronary artery diseases. These catheters offer distinct advantages over drug-eluting stents in targeted drug delivery, making them increasingly utilized in angioplasty procedures for various cardiovascular conditions. Compared to stents or open surgeries, these devices yield superior angiographic and clinical outcomes. The use of drug-coated balloons is particularly favored in coronary disease treatment due to their minimal side effects. Moreover, incorporating drug-coated balloon catheters into minimally invasive procedures is becoming a preferred alternative to the riskier stent treatment for myocardial infarction.

Moreover, drug-eluting balloon market players actively introduce new products to enhance their market presence. For example, in June 2023, Surmodics, Inc., a prominent provider of medical devices and in vitro diagnostic technologies in the healthcare industry, obtained approval from the FDA for the SurVeil™ drug-coated balloon (DCB). 

However, factors such as adverse effects, product recalls, stringent regulatory procedures, and other challenges may impede the growth of the drug-eluting balloon market.

Get a sneak peek at the drug-eluting balloons market dynamics @ Drug-Eluting Balloons Market Dynamics Analysis

Drug-Eluting Balloons Market Assessment

• Drug-Eluting Balloons Market Segmentation
• Drug-Eluting Balloons Market Segmentation By Product Type: Coronary Drug-Eluting Balloon, Peripheral Drug-Eluting Balloon, and Others
• Drug-Eluting Balloons Market Segmentation By End User: Hospitals, Ambulatory Surgical Centers, and Others
• Drug-Eluting Balloons Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of World
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

Which MedTech key players in the drug-eluting balloons market are set to emerge as the trendsetter explore @ Drug-Eluting Balloons Companies 

Table of Contents 

Interested in knowing the drug-eluting balloons market by 2028? Click to get a snapshot of the Drug-Eluting Balloons Market Trends

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About DelveInsight

DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports pharma companies by providing comprehensive end-to-end solutions to improve their performance. 

Contact Us

Shruti Thakur
[email protected]
+91-9650213330
https://www.delveinsight.com/medical-devices 

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SOURCE DelveInsight Business Research, LLP

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