United States Balloon for Peripheral Arterial Disease Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The demand for balloon devices in the treatment of Peripheral Arterial Disease (PAD) has significantly risen in recent years. PAD, which refers to the narrowing or blockage of the arteries, is a chronic condition that limits blood flow, often leading to severe complications like leg amputations. The use of a balloon for Peripheral Arterial Disease market has become an integral part of the medical industry's effort to provide better solutions for treating this disease. These balloons are specifically designed for balloon angioplasty, a minimally invasive procedure aimed at widening narrowed arteries and improving blood flow. The primary drivers of this market include an aging population, the increasing incidence of cardiovascular diseases, and advancements in medical technology that improve the efficiency of these devices.
Balloon for Peripheral Arterial Disease market growth is also fueled by the rising awareness of PAD and the need for effective treatment options. Unlike traditional surgery, balloon angioplasty provides quicker recovery times and fewer complications. As healthcare providers increasingly adopt less invasive procedures, the demand for balloon devices grows. According to various studies, the balloon catheter market for PAD treatments is expected to expand rapidly, contributing to better patient outcomes while reducing healthcare costs.
One of the key requirements from industries is the development of advanced balloon technologies. Manufacturers in the balloon for Peripheral Arterial Disease market are focusing on producing more durable, flexible, and reliable devices to ensure better treatment efficacy. Innovations like drug-coated balloons (DCBs) are gaining traction, as they help to reduce restenosis rates, a major concern for PAD patients. Industries also require balloons that are easy to use and compatible with a wide range of medical devices to make the procedure more accessible and efficient.
Furthermore, the market's growth is supported by continuous improvements in healthcare infrastructure and rising investments in medical research. Governments and private players are collaborating to boost the development of these medical devices, ensuring that hospitals and healthcare facilities have access to the latest advancements. These factors combined create a robust ecosystem for the balloon for Peripheral Arterial Disease market, which is poised for growth in the coming years.
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BD
Boston Scientific
Abbott Laboratories
Cordis
Acotec
Biotronik
Shanghai MicroPort Endovascular MedTech(Group)Co.
Ltd.
Cook Medical
Lepu Medical
Zylox-Tonbridge Medical Technology Co.
Ltd.
LeoMed
LifeTech Scientific Corporation
Medtronic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Balloon for Peripheral Arterial Disease Market
Intermittent Claudication
Critical Limb Ischemia
Ultrasound
CT Angiography
MRI Angiography
Ankle-Brachial Index
Hospitals
Ambulatory Surgical Centers
Clinics
Others
Pharmacological Treatment
Angioplasty & Stenting
Surgicalpass
Endarterectomy
Laser Treatment
Stents
Balloon Catheters
Guidewires
Vascular Access Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Balloon for Peripheral Arterial Disease Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Balloon for Peripheral Arterial Disease Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Balloon for Peripheral Arterial Disease Market, By Type
6. US Balloon for Peripheral Arterial Disease Market, By Application
7. US Balloon for Peripheral Arterial Disease Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Balloon for Peripheral Arterial Disease Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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