The global Dual Balloon Angioplasty Catheter market demand is expected to increase steadily at a CAGR of 3.2%, reaching US$ 199.8 Million in 2022 and surpassing US$ 281.8 Million in 2032. The rising prevalence of cardiovascular diseases is projected to drive market growth. The Dual Balloon Angioplasty Catheter market grew at a CAGR of 1.6% from 2016 to 2021, according to the historical prediction.
A Dual Balloon Angioplasty Catheter is a medical device that is placed into an artery to remove the blockage and allow blood to flow freely. In individuals with coronary artery disease, dual balloon angioplasty is used to avoid heart attacks and angina.
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The Dual Balloon Angioplasty Catheter market is less invasive than bypass surgery. By inflating the balloon, which extends the region in the artery, balloon angioplasty widens the restricted blood vessel. A Dual Balloon Angioplasty Catheter is a thin flexible plastic tube with a tiny balloon on the tip. This tip is used to inject fluids and take blood pressure readings.
Key Takeaways
- The Dual Balloon Angioplasty Catheter is gaining popularity in the healthcare industry because it eliminates challenges such as large catheter insertion and removal. In this approach, stents are frequently put by placing them directly on the tip of the balloon. In dual balloon angioplasty, an X-ray is used to guide the catheter into the heart and arteries.
- Firm pressure is administered on the catheter to stop the bleeding. When a cholesterol plaque forms in the wall of a heart artery, dual balloon angioplasty is frequently performed. It allows more blood and oxygen to enter the cardiac muscles.
- Placing the twin balloon angioplasty catheter is straightforward. The market is growing due to an increase in the prevalence of cardiac problems and more effective medications that have a direct effect on the targeted area via the soft and flexible catheter.
- It is expected that the peripheral and coronary angioplasty market will continue to develop in the future years, owing to an increase in cardiovascular disease, obesity, and diabetes, hence increasing the growth of the Dual Balloon Angioplasty Catheter market.
Competitive Landscape
Prominent companies in the global Dual Balloon Angioplasty Catheter market continuously indulge in various collaborations with other dominant players. In addition to that, massive investments are being made in research and development activities that display more convenient solutions to industry verticals.
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Some of the key participants present in the global Dual Balloon Angioplasty Catheter market include Spectranetics, InSitu Technologies® Inc, eucatech AG, Balton Sp. z o.o., PanMed Us, Degania Silicone Ltd, Van Oostveen Medical B.V., IMeSI, phenox GmbH, Natec Medical, Acrostak Int., SCITECH., Medinol Ltd. among others.
More Insights into the Dual Balloon Angioplasty Catheter Market
North America is predicted to occupy a dominant share of the global Dual Balloon Angioplasty Catheter market by possessing over 31.8% of the total market. According to the FMI analysis, demand for balloon catheters will accelerate over the forecast years owing to the presence of leading manufacturers, increased patient awareness, availability of advanced health care facilities and infrastructure, and technological advancements.
Growth in the North American region is attributed to the rising awareness among patients about a variety of treatment options and general health awareness. Furthermore, the rising prevalence of related illnesses in the region is contributing to the growth of this region.
The European region is anticipated to be the second leading market accounting for about 21.9% of the market share in the global Dual Balloon Angioplasty Catheter market. An increase in the aging population, efficient health care infrastructure and an emphasis on the development of innovative technology as well as enhanced patient diagnosis are responsible for the surge in the market.
The region is expected to witness phenomenal growth due to the increased emphasis on research and development along with the latest surgical inventions are fueling growth in the market. Moreover, Higher developmental capabilities in medical devices and adoption of diverse healthcare technologies such as robotic-assisted surgical procedures, and rising expenditure on healthcare infrastructure development are expected to surge growth in the region.
The Asia Pacific is yet another region expected to show positive growth over the assessment years. Countries like China and India are expected to fuel market growth due to new product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players.
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Key Segments Profiled in the Dual Balloon Angioplasty Catheter Industry Survey
Dual Balloon Angioplasty Catheter Market by Indication:
- Peripheral Dual Balloon Angioplasty
- Coronal Dual Balloon Angioplasty
Dual Balloon Angioplasty Catheter Market by End–User:
- Dual Balloon Angioplasty Catheter for Hospitals
- Dual Balloon Angioplasty Catheter for Catheterization Labs
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