Cutting Balloons Market Strategies, Trends, and Forecast - 2031
The Cutting Balloons Market is expected to register a CAGR of 5.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Semi-compliant balloons, Non-compliant balloons). Futher, it is segmented based on Application (Hospitals, Cardiac center and clinics, Ambulatory surgical centers, Other). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Cutting Balloons Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cutting Balloons Market Segmentation
Type- Semi-compliant balloons
- Non-compliant balloons
- Hospitals
- Cardiac center and clinics
- Ambulatory surgical centers
- Other
Strategic Insights
Cutting Balloons Market Growth Drivers- Increasing Cardiovascular Diseases: Widespread incidences of cardiovascular diseases globally remain an important driver for the growth of the cutting balloons market. Such devices are inevitable for minimally invasive procedures and thus form an effective and safe means of treating conditions like coronary artery disease.
- Growing Demand for Minimally Invasive Surgery: Cardiovascular intervention provides more and more application of minimally invasive methods of surgery. Such cutting balloons take less recovery time as well as fewer complications associated with the use of such interventions within the healthcare sectors.
- Technological Advancements: The technological advancement in cutting balloon technology is their better material and design innovations, which make them more efficient and safer. It attracts healthcare providers because of which the adoption is increased, and hence the market will grow.
- Integration of Smart Technologies: This will be the case when cutting balloons, for example, enter the market with sensors for real-time monitoring. The trend is the enhancement of procedural accuracy and patient safety that makes the devices more attractive to healthcare providers, leading to improved outcomes in patients.
- Focus on Personalized Medicine: The future of cardiovascular treatment will focus on personalized medicine. The areas will be replaced by custom balloons of particular sizes with special pressure specifications in accordance with the overall march towards customized healthcare solutions.
- Sustainability Focus: Ability to make cutting balloons with biodegradable material can provide an excellent market opportunity. Every health care organization is increasingly focusing on sustainability, and one can acquire environmentally concerned health care providers and patients with innovative manufacturers.
- Development of Hybrid Devices: The future of opportunities appears in the hybrid devices that can integrate cutting balloons with other therapeutic technologies. This innovation may present all-inclusive treatment solutions available for healthcare providers looking for multifunctional tools in cardiovascular interventions.
- Educational Programs of Healthcare Professionals: Training programs for healthcare professionals on the use of cutting balloons are also enhanced through setting up of workshops. This knowledge and skill build-up further engenders more confidence in the products, thus opening markets wider.
- Expansion in Emerging Markets: Increased investments in healthcare in emerging markets serve to further enhance the accessibility of advanced medical equipment. The cutting balloons market will significantly increase in these markets due to increased adoption of innovations in the treatment of patients on the part of healthcare providers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cutting Balloons Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cutting Balloons Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Medtronic PLC, Boston Scientific Corporation, Biotronik SE and Co. KG are some of the major players operating in the market.
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global cutting balloons market from 2021 to 2031, and it also determines the prevailing opportunities.
Asia Pacific region accounted for the highest CAGR in the cutting balloons market.
The major factors driving the cutting balloons market are:
1. Increasing Cardiovascular Diseases.
2. Growing Demand for Minimally Invasive Surgery.
North America region dominated the cutting balloons market in 2023.
The Cutting Balloons Market is estimated to witness a CAGR of 5.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cutting Balloons Market - By Type
1.3.2 Cutting Balloons Market - By Application
1.3.3 Cutting Balloons Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CUTTING BALLOONS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CUTTING BALLOONS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CUTTING BALLOONS MARKET - GLOBAL MARKET ANALYSIS
6.1. CUTTING BALLOONS - GLOBAL MARKET OVERVIEW
6.2. CUTTING BALLOONS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CUTTING BALLOONS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SEMI-COMPLIANT BALLOONS
7.3.1. Overview
7.3.2. Semi-compliant balloons Market Forecast and Analysis
7.4. NON-COMPLIANT BALLOONS
7.4.1. Overview
7.4.2. Non-compliant balloons Market Forecast and Analysis
8. CUTTING BALLOONS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CARDIAC CENTER AND CLINICS
8.4.1. Overview
8.4.2. Cardiac center and clinics Market Forecast and Analysis
8.5. AMBULATORY SURGICAL CENTERS
8.5.1. Overview
8.5.2. Ambulatory surgical centers Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis
9. CUTTING BALLOONS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Cutting Balloons Market Overview
9.1.2 North America Cutting Balloons Market Forecasts and Analysis
9.1.3 North America Cutting Balloons Market Forecasts and Analysis - By Type
9.1.4 North America Cutting Balloons Market Forecasts and Analysis - By Application
9.1.5 North America Cutting Balloons Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Cutting Balloons Market
9.1.5.1.1 Canada Cutting Balloons Market by Type
9.1.5.1.2 Canada Cutting Balloons Market by Application
9.1.5.2 Mexico Cutting Balloons Market
9.1.5.2.1 Mexico Cutting Balloons Market by Type
9.1.5.2.2 Mexico Cutting Balloons Market by Application
9.1.5.3 US Cutting Balloons Market
9.1.5.3.1 US Cutting Balloons Market by Type
9.1.5.3.2 US Cutting Balloons Market by Application
9.2. EUROPE
9.2.1 Europe Cutting Balloons Market Overview
9.2.2 Europe Cutting Balloons Market Forecasts and Analysis
9.2.3 Europe Cutting Balloons Market Forecasts and Analysis - By Type
9.2.4 Europe Cutting Balloons Market Forecasts and Analysis - By Application
9.2.5 Europe Cutting Balloons Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Cutting Balloons Market
9.2.5.1.1 Germany Cutting Balloons Market by Type
9.2.5.1.2 Germany Cutting Balloons Market by Application
9.2.5.2 France Cutting Balloons Market
9.2.5.2.1 France Cutting Balloons Market by Type
9.2.5.2.2 France Cutting Balloons Market by Application
9.2.5.3 Italy Cutting Balloons Market
9.2.5.3.1 Italy Cutting Balloons Market by Type
9.2.5.3.2 Italy Cutting Balloons Market by Application
9.2.5.4 Spain Cutting Balloons Market
9.2.5.4.1 Spain Cutting Balloons Market by Type
9.2.5.4.2 Spain Cutting Balloons Market by Application
9.2.5.5 United Kingdom Cutting Balloons Market
9.2.5.5.1 United Kingdom Cutting Balloons Market by Type
9.2.5.5.2 United Kingdom Cutting Balloons Market by Application
9.2.5.6 Rest of Europe Cutting Balloons Market
9.2.5.6.1 Rest of Europe Cutting Balloons Market by Type
9.2.5.6.2 Rest of Europe Cutting Balloons Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Cutting Balloons Market Overview
9.3.2 Asia-Pacific Cutting Balloons Market Forecasts and Analysis
9.3.3 Asia-Pacific Cutting Balloons Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Cutting Balloons Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Cutting Balloons Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Cutting Balloons Market
9.3.5.1.1 Australia Cutting Balloons Market by Type
9.3.5.1.2 Australia Cutting Balloons Market by Application
9.3.5.2 China Cutting Balloons Market
9.3.5.2.1 China Cutting Balloons Market by Type
9.3.5.2.2 China Cutting Balloons Market by Application
9.3.5.3 India Cutting Balloons Market
9.3.5.3.1 India Cutting Balloons Market by Type
9.3.5.3.2 India Cutting Balloons Market by Application
9.3.5.4 Japan Cutting Balloons Market
9.3.5.4.1 Japan Cutting Balloons Market by Type
9.3.5.4.2 Japan Cutting Balloons Market by Application
9.3.5.5 South Korea Cutting Balloons Market
9.3.5.5.1 South Korea Cutting Balloons Market by Type
9.3.5.5.2 South Korea Cutting Balloons Market by Application
9.3.5.6 Rest of Asia-Pacific Cutting Balloons Market
9.3.5.6.1 Rest of Asia-Pacific Cutting Balloons Market by Type
9.3.5.6.2 Rest of Asia-Pacific Cutting Balloons Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Cutting Balloons Market Overview
9.4.2 Middle East and Africa Cutting Balloons Market Forecasts and Analysis
9.4.3 Middle East and Africa Cutting Balloons Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Cutting Balloons Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Cutting Balloons Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Cutting Balloons Market
9.4.5.1.1 South Africa Cutting Balloons Market by Type
9.4.5.1.2 South Africa Cutting Balloons Market by Application
9.4.5.2 Saudi Arabia Cutting Balloons Market
9.4.5.2.1 Saudi Arabia Cutting Balloons Market by Type
9.4.5.2.2 Saudi Arabia Cutting Balloons Market by Application
9.4.5.3 U.A.E Cutting Balloons Market
9.4.5.3.1 U.A.E Cutting Balloons Market by Type
9.4.5.3.2 U.A.E Cutting Balloons Market by Application
9.4.5.4 Rest of Middle East and Africa Cutting Balloons Market
9.4.5.4.1 Rest of Middle East and Africa Cutting Balloons Market by Type
9.4.5.4.2 Rest of Middle East and Africa Cutting Balloons Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Cutting Balloons Market Overview
9.5.2 South and Central America Cutting Balloons Market Forecasts and Analysis
9.5.3 South and Central America Cutting Balloons Market Forecasts and Analysis - By Type
9.5.4 South and Central America Cutting Balloons Market Forecasts and Analysis - By Application
9.5.5 South and Central America Cutting Balloons Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Cutting Balloons Market
9.5.5.1.1 Brazil Cutting Balloons Market by Type
9.5.5.1.2 Brazil Cutting Balloons Market by Application
9.5.5.2 Argentina Cutting Balloons Market
9.5.5.2.1 Argentina Cutting Balloons Market by Type
9.5.5.2.2 Argentina Cutting Balloons Market by Application
9.5.5.3 Rest of South and Central America Cutting Balloons Market
9.5.5.3.1 Rest of South and Central America Cutting Balloons Market by Type
9.5.5.3.2 Rest of South and Central America Cutting Balloons Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CUTTING BALLOONS MARKET, KEY COMPANY PROFILES
11.1. MEDTRONIC PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. C.R. BARD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON SCIENTIFIC CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BIOTRONIK SE AND CO. KG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MICROPORT SCIENTIFIC CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CORDIS CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ABBOTT LABORATORIES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. B. BRAUN MELSUNGEN
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MERIL LIFE SCIENCES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TERUMO CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Medtronic PLC
2. C.R. Bard
3. Boston Scientific Corporation
4. Biotronik SE and Co. KG
5. MicroPort Scientific Corporation
6. Cordis Corporation
7. Abbott Laboratories
8. B. Braun Melsungen
9. Meril Life Sciences
10. Terumo Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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