Global Balloon Catheters Market, By Material (Polyurethane, Nylon), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Balloon Catheters – Blowing Out the Flame of Coronary Artery Disease

Balloon catheter is a flexible device with a balloon at its tip, which may be inflated or deflated when the catheter is in place to create or enlarge a passageway, also it is used to remove the blockage or to open the narrowed coronary arteries caused by coronary arteries disease. Furthermore, the balloon catheters have other applications such as are used in renal denervation, cryoablation, drug delivery, perfusion, and atherectomy.

As per the stats published in 2015 by The Heart Foundation, coronary artery disease causes around 380,000 fatalities yearly in the U.S. Furthermore, around 720,000 people suffer from heart attacks each year and among these, 205,000 are repetitive cases of a heart attack and 515,000 people suffers from a first incidence of heart attack in the U.S.

The global balloon catheters market was valued at US$ 2833.4 million in 2016 and is expected to witness a robust CAGR of 7.7% during the forecast period (2017 – 2025).

Fig. 1: Global Balloon Catheters Market, By Region, 2016 (US$ Million)

balloon catheters market

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS (2017)

Increase in coronary artery disease prevalence and preference for minimally invasive procedure expected to favor the growth of balloon catheters market in the near future

North America accounts for the largest share in the global balloon catheters market, followed by Europe. This is mainly attributed to rapidly aging population, increase in incidence rate of diabetes and increase in number of heart attack and coronary artery disease cases in this region. As per the stats published by Centers for Disease Control and Prevention (CDC), in 2012, around 29.1 people were living with diabetes in the U.S. Furthermore, in 2012, 1.7 million people were newly diagnosed for diabetes in U.S.

The balloon catheters market is expected to show high growth rate in Asia-Pacific region over the forecast period supported by increase in prevalence rate of lifestyle disease such as diabetes. According to World Health Organization (WHO), in 2016, around 110 million people were living with diabetes in China and this number is expected to reach 150 million in 2040 due to unhealthy habits and lack of physical activity.

Also, the increase in minimally invasive procedure expected to raise the demand for balloon catheters in developed and emerging regions during forecast period, as minimally invasive treatment help patients to get cure rapidly, helps to avoid open heart surgery and also prevent loss of blood during surgery.

Also, the minimally invasive procedures takes less time to perform the surgery and patient can be released from hospital on same day of surgery. This helps to patient to start their daily routine early as compare to open heart surgery also it reduces the chances of complexity occurs after the surgery.

Increase in coronary artery disease cases worldwide followed by heart surgery procedures expected to fuel the growth of balloon catheters market

As per The National Health Service (NHS), in England around 20,000 coronary artery bypass surgery performed yearly to divert and improve blood and oxygen supply from narrowed part of arteries. Also as per CADI (Coronary Artery Disease among Asian Indians) Research Foundation, around 60,000 coronary artery bypass surgery performed in India annually and the number is expected to grow year on year due to increase in aging population with unhealthy habits, diabetes cases and increase in blood cholesterol level.

Some major players operating in balloon catheters market are Abbott Laboratories, Becton Dickinson And Company, Boston Scientific Corporation, Bard Medical Division, B. Braun Melsungen AG, Johnson & Johnson, Teleflex Incorporated, Medtronic, Plc, Edwards Lifesciences Corporation, OrbusNeich and Vascular Solutions, Inc.

Few growth restraining factors are the rarity of health insurance in emerging countries such as India making this procedure beyond the reach of people who are living in rural area and lack of awareness about invasive treatment for heart surgery among patients living with heart related disease limiting the growth of balloon catheters market.

The balloon catheter is a flexible, tubular device with a balloon at its tip that is used to create, enlarge or remove blockage of a passageway within the body, by passing it through body channels. The balloon tip can be expanded by water or air to remove the blockage or to expand partly closed passageway during procedure. The balloon catheter used to treat heart related disease specifically coronary heart disease, which are caused due to diabetes, high blood pressure and high cholesterol level in blood. During the treatment of coronary heart disease, the balloon catheter helps to allow the blood flow from arteries by making a passageway that is blocked due to excess cholesterol by avoiding open heart surgery.

Also, the balloon catheter plays major role in angioplasty to treat atherosclerosis by widening the narrowed or obstructed arteries or veins. As, the procedure is minimally invasive, it is economically beneficial to the patient and helps patient to get cure rapidly as compared to open surgical procedure.

Market Dynamics

Rising incidence of cardiovascular disease and coronary heart disease cases due to increase in the prevalence of diabetes, high blood pressure cases and number of smokers worldwide is expected to favor the demand for balloon catheters around the globe.

According to World Health Organization (WHO), in 2015 around 17.7 million people died due to cardiovascular disease worldwide, and out of this total deaths around 7.4 million were die due to coronary heart disease. Furthermore, the majority of deaths are occurred in emerging economies due to high prevalence rate and lack of healthcare services in rural areas.

Also, increasing aging population and rising demand for minimally invasive procedures are the other factors leading to the growth of balloon catheters market in developed as well as emerging economies.

As per United Nations Population Fund, people aged 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050. The factors behind aging population in developed region are developed healthcare services and access of healthcare facilities to people, better nutrition, sanitation and economic development.

Market Taxonomy

This report segments the global balloon catheters market on the basis of product material and geography. On the basis of material, the market is categorized into polyurethane, nylon and other type of materials such as pebax. Among these, the polyurethane segment dominate the balloon catheters market throughout the forecast period. On the basis of geography, the market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among all regions, North America contributes major market share supported by increased incidence rate of cardiovascular disease and growing inclination of the populace towards minimally invasive procedures.

Key features of the study:

  • This report provides in-depth analysis of the balloon catheter market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global balloon catheter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
  • The global balloon catheters market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical device companies, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the balloon catheters market

Detailed Segmentation:

  • Global Balloon Catheters Market, By Material:
    • Polyurethane
    • Nylon
    • Others
  • Global Balloon Catheters Market, By Geography:
    • North America
      • North America Balloon Catheters Market, By Material:
        • Polyurethane
        • Nylon
        • Others
      • North America Balloon Catheters Market, By Country:
        • U.S.
          • U.S. Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Canada
          • Canada Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
    • Europe
      • Europe Balloon Catheters Market, By Material:
        • Polyurethane
        • Nylon
        • Others
      • Europe Balloon Catheters Market, By Country:
        • Germany
          • Germany Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • U.K.
          • U.K. Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • France
          • France Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Italy
          • Italy Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Spain
          • Spain Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Russia
          • Russia Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Rest of Europe
          • Rest of Europe Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
    • Asia Pacific
      • Asia Pacific Balloon Catheters Market, By Material:
        • Polyurethane
        • Nylon
        • Others
      • Asia Pacific Balloon Catheters Market, By Country:
        • China
          • China Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • India
          • India Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Japan
          • Japan Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Australia
          • Australia Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • South Korea
          • South Korea Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • ASEAN
          • ASEAN Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Rest of Asia Pacific
          • Rest of Asia Pacific Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
    • Latin America
      • Latin America Balloon Catheters Market, By Material:
        • Polyurethane
        • Nylon
        • Others
      • Latin America Balloon Catheters Market, By Country:
        • Brazil
          • Brazil Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Mexico
          • Mexico Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Argentina
          • Argentina Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Rest of Latin America
          • Rest of Latin America Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
    • Middle East
      • Middle East Balloon Catheters Market, By Material:
        • Polyurethane
        • Nylon
        • Others
      • Middle East Balloon Catheters Market, By Country:
        • GCC
          • GCC Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Israel
          • Israel Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Rest of Middle-East
          • Rest of Middle-East Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
    • Africa
      • Africa Balloon Catheters Market, By Material:
        • Polyurethane
        • Nylon
        • Others
      • Africa Balloon Catheters Market, By Country:
        • North Africa
          • North Africa Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • Central Africa
          • Central Africa Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
        • South Africa
          • South Africa Balloon Catheters Market, By Material
            • Polyurethane
            • Nylon
            • Others
  • Company Profiles
    • Abbott Laboratories *
      • Company Overview
      • Product Portfolio
      • Market Presence
      • Financial Overview
      • Key Developments
      • Strategies
    • Becton Dickinson And Company
    • Boston Scientific Corporation
    • Bard Medical Division
    • B. Braun Melsungen AG
    • Johnson & Johnson
    • Teleflex Incorporated
    • Medtronic, Plc.
    • Edwards Lifesciences Corporation
    • Vascular Solutions, Inc.
    • OrbusNeich

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Different Segments
      • Coherent Attractive Investment Proposition and Total Addressable Market
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers, Restraints and Opportunities
      • Regulatory Scenario
      • Market Trends
      • PEST Analysis
  4. Global Balloon Catheters Market, By Material Type, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Y-O-Y Growth Analysis, 2016 - 2025
      • Segment Trends
    • Polyurethane
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
    • Nylon
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2016 - 2025, (US$ Million)
  5. Global Balloon Catheters Market, By Geography, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Geography, 2017 and 2025 (%)
      • Y-O-Y Growth Analysis, 2016 – 2025
      • Regional Trends
    • North America
      • Introduction
      • Market Share Analysis, By Country, 2017 and 2025 (%)
      • Country Trends
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
        • U.S.
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Canada
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
    • Europe
      • Introduction
      • Market Share Analysis, By Country, 2017 and 2025 (%)
      • Country Trends
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
        • U.K.
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Germany
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Italy
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • France
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Russia
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Rest of Europe
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
    • Asia Pacific
      • Introduction
      • Market Share Analysis, By Country, 2017 and 2025 (%)
      • Country Trends
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
        • China
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • India
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Japan
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • ASEAN
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Australia
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • South Korea
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Rest of Asia Pacific
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
    • Latin America
      • Introduction
      • Market Share Analysis, By Country, 2017 and 2025 (%)
      • Country Trends
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
        • Brazil
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Argentina
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Rest of Latin America
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
    • Middle East
      • Introduction
      • Market Share Analysis, By Country, 2017 and 2025 (%)
      • Country Trends
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
        • GCC
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Israel
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Rest of Middle East
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
    • Africa
      • Introduction
      • Market Share Analysis, By Country, 2017 and 2025 (%)
      • Country Trends
      • Market Size and Forecast, and Y-o-Y Growth, 2016-2025, (USD Million)
        • North Africa
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • Central Africa
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
        • South Africa
          • Market Size and Forecast, By Material Type, 2016 - 2025 (US$ Million)
  6. Competitive Landscape
    • Company Profiles
      • Abbott Laboratories
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Becton Dickinson And Company
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Boston Scientific Corporation
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Bard Medical Division
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • B. Braun Melsungen AG
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Johnson & Johnson
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Teleflex Incorporated
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Medtronic, Plc.
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Edwards Lifesciences Corporation
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
      • Vascular Solutions, Inc.
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Investment Raised
        • Marketing and Promotional Activities
        • Strategic Presence
    • Analyst Views
  7. Section
    • Research Methodology
    • About us and Services

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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