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Home ➤ Life Science ➤ Medical Devices & Supplies ➤ Balloon Dilation and Stent Market
Balloon Dilation and Stent Market
Balloon Dilation and Stent Market
Published date: April 2024 • Formats:
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  • Home ➤ Life Science ➤ Medical Devices & Supplies ➤ Balloon Dilation and Stent Market

Global Balloon Dilation and Stent Market By Product Type (Balloon Dilation Devices, Stents/Implants, Consumables), By Indication (Sinus Stenosis, Pulmonary Stenosis) By End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics) By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

  • Published date: April 2024
  • Report ID: 73949
  • Number of Pages: 248
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Quick Navigation

    • Market Overview
    • Key Takeaways
    • Product Type Analysis
    • Indication Analysis
    • End-User Analysis
    • Market Segments
    • Drivers
    • Trend
    • Restraint
    • Opportunities
    • Regional Analysis
    • Key Regions and Countries
    • Market Player Analysis
    • Key Market Players
    • Recent Developments
    • Report Scope

    Market Overview

    The Global Balloon Dilation and Stent Market size is expected to be worth around USD 25.6 Billion by 2033 from USD 12.2 Billion in 2023, growing at a CAGR of 7.7% during the forecast period from 2024 to 2033.

    Dilation and Stenting is a minimally invasive procedure that is used to gently widen the esophageal strictures of a given individual. These strictures in an individual can be caused by either a certain disease or maybe a birth defect. In certain cases, a stent, which is a plastic or metal mesh tube, is inserted in the esophageal stricture or in the arteries of the heart to keep a narrow valve open.

    In balloon dilation, a special flexible tube is used which has a deflated balloon attached to its tip, is inserted into a blood vessel and guided to a concerned area, this tube is then placed in a valve that has become narrow, which is then inflated to stretch-open a jammed or congested valve.

    Balloon Dilation and Stent Market Size

    The ever-increasing number of patients with pulmonary and sinus disorders that could potentially opt for a dilation and stent procedure is a factor that is expected to augment the anticipated profit margins of this global market. The rising adoption of balloon dilation and stent procedures among individuals based primarily in a developed nation, along with the steady increase in medical tourism particularly among developing nations due to lower procedural costs, as well as optimal medical care facilities are also major factors anticipated to contribute to the anticipated profit margins of the global balloon dilation and stent market.

    Key Takeaways

    • Market Size: Balloon Dilation and Stent Market size is expected to be worth around USD 25.6 Billion by 2033 from USD 12.2 Billion in 2023.
    • Market Growth: The market growing at a CAGR of 7.7% during the forecast period from 2024 to 2033.
    • Product Type Analysis: Balloon Dilation Devices to be the dominant force, accounting for 43% market share.
    • Indication Analysis: Sinus Stenosis stands out as an impressive growth with representing 32% market share.
    • End-Use Analysis: Hospitals dominate the Balloon Dilation and Stent Market with 34% market share.
    • Regional Analysis: North America led the market for balloon dilation and stent procedures in 2023 with an impressive market share of 38.4%.

    Product Type Analysis

    Balloon Dilation and Stent Market Analysis shows Balloon Dilation Devices to be the dominant force, accounting for 43% market share. These devices play a critical role in medical procedures relating to coronary artery disease and gastrointestinal strictures treatment, often by inserting deflated balloons that are then inflated to widen passageways for improved blood flow or smoother passage of fluids or food.

    Stents/Implants make up an essential segment of the market and fall under consumables. Stents are small mesh-like tubes inserted into narrowed or weakened arteries to maintain blood flow and restore normal conditions, and are often also used in treating urinary tract obstructions.

    Balloon Dilation Devices have quickly become the go-to devices across a variety of medical specialties due to their effectiveness and widespread adoption; Stents/Implants also remain crucial components in improving patient outcomes and quality of life.

    Indication Analysis

    Sinus Stenosis stands out as an impressive indication for Balloon Dilation and Stent Market applications, representing 32% market share. Sinus stenosis refers to narrowed paranasal sinus passages which can lead to facial pain, congestion, difficulty breathing and difficulty swallowing – symptoms which balloon dilation procedures are commonly employed to widen, relieving symptoms while improving overall sinus health.

    Pulmonary Stenosis represents another key area within the market. Pulmonary stenosis is characterized by narrowing of pulmonary valves or arteries that restricts blood flow from the heart to lungs, leading to symptoms like chest pain, fatigue and shortness of breath. Stents may be used to help maintain patency of these pulmonary arteries to ensure adequate blood supply to lungs.

    Sinus Stenosis and Pulmonary Stenosis have become an increasing health problem, underscoring how balloon dilation and stent procedures can address various medical conditions to ultimately improve patient outcomes and quality of life.

    End-User Analysis

    Hospitals dominate the Balloon Dilation and Stent Market with 34% market share, providing comprehensive care as well as access to specialized facilities and expertise for various medical procedures including balloon dilation and stent placements.

    Ambulatory Surgical Centers (ASCs) and Specialty Clinics both play key roles in today’s market landscape. ASCs offer outpatient surgical services at reduced costs compared to hospital settings for certain procedures, such as balloon dilation and stent placement; specialty clinics specialize in specific medical specialties like cardiology or otolaryngology to provide specialized care related to balloon dilation and stent placement procedures.

    Hospitals tend to lead the market with their vast infrastructure and capabilities; however, ASCs and specialty clinics cater to an increase in outpatient procedures and specialized care, contributing to both overall growth and accessibility of balloon dilation and stent procedures.

    Balloon Dilation and Stent Market Share

    Market Segments

    Product Type

    • Balloon Dilation Devices
    • Stents/Implants
    • Consumables

    Indication

    • Sinus Stenosis
    • Pulmonary Stenosis

    End-User

    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics

    Drivers

    Increased Prevalence of Cardiovascular Diseases

    The ever-rising incidence of cardiovascular diseases worldwide serves as an influential driver for the balloon dilation and stent market. Lifestyle changes, aging populations, and rising obesity rates all play a part in increasing coronary artery disease and peripheral artery disease prevalence; necessitating interventions like balloon dilation and stent placement to restore blood flow – ultimately driving market expansion.

    Technological Advancements in Medical Devices

    Technological advancements play a vital role in driving the balloon dilation and stent market forward, with innovations like drug-eluting stents, bioresorbable stents, and advanced balloon materials all increasing efficacy and safety during procedures while driving adoption rates among healthcare providers which subsequently expands market reach.

    Trend

    Move Toward Minimally Invasive Procedures

    The field of cardiology has seen an evident trend toward minimally invasive procedures such as balloon dilation and stent placement, due to their lower risk, shorter recovery timeframe, and reduced hospital stays. Furthermore, technological innovations and catheter-based interventions enable physicians to perform complex procedures more precisely – fuelling this trend even further.

    Rising Demand for Bioresorbable Stents

    One trend in the balloon dilation and stent market that stands out is an increasing interest in bioresorbable stents, which gradually dissolve in the body after serving their purpose, eliminating many long-term risks associated with traditional metallic stents such as late thrombosis and restenosis. As both patients and physicians prioritize solutions with improved long-term outcomes and fewer complications, demand for these bioresorbable options continues to increase.

    Restraint

    Stringent Regulatory Approval Processes

    A key obstacle facing the balloon dilation and stent market is stringent regulatory approval processes for new medical devices, which impose stringent testing and evaluation criteria to ensure their safety and efficacy, leading to extended approval timelines and increased development costs that impede market growth by postponing commercialization of innovative products or limiting entry for smaller firms.

    High Costs Associated with Procedures

    One significant restraint facing the market is the high costs associated with balloon dilation and stent procedures, including costly medical devices, hospitalization expenses and post-operative care; thus making them financially burdensome to patients as well as healthcare systems in regions with limited infrastructure and resources for healthcare delivery. Cost considerations could deter patient uptake and limit market growth potential.

    Opportunities

    Emerging Markets and Untapped Opportunities

    The balloon dilation and stent market offers lucrative opportunities in emerging markets with expanding healthcare infrastructure and rising disposable incomes, where awareness about cardiovascular diseases is rising along with healthcare accessibility improvements. There remains a significant untapped market for balloon dilation and stent products here that companies should take advantage of strategically through expansion initiatives or partnerships with local stakeholders that enable companies to capitalize on and accelerate market expansion.

    Personalized Medicine and Customized Solutions

    The rise of personalized medicine offers great opportunities for innovation and growth in the balloon dilation and stent market. Thanks to advances in genetic testing, biomarkers, imaging techniques and tailored therapy solutions that cater directly to patient profiles and individual patient characteristics based on personalized therapy plans that address unmet clinical needs, improve outcomes for patients, and gain an edge against competitors in the market.

    Regional Analysis

    North America led the market for balloon dilation and stent procedures in 2023 with an impressive market share of 38.4%. This achievement can be attributed to multiple key factors that contribute to North America’s ability to adopt and implement advanced medical technologies, including balloon dilation and stent procedures.

    North America and, particularly the US, has long been at the forefront of medical research and development. Thanks to a large concentration of world-leading healthcare research institutions and biotechnology firms in this region, medical device innovations such as advanced balloon dilation and stent technologies are rapidly being developed and integrated into clinical practice within North America, helping it maintain its considerable market share.

    Balloon Dilation and Stent Market Region

    Key Regions and Countries

    • North America
      • The US
      • Canada
      • Mexico
    • Western Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Portugal
      • Ireland
      • Austria
      • Switzerland
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Poland
      • The Czech Republic
      • Greece
      • Rest of Eastern Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Australia & New Zealand
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
      • Vietnam
      • Rest of APAC
    • Latin America
      • Brazil
      • Colombia
      • Chile
      • Argentina
      • Costa Rica
      • Rest of Latin America
    • Middle East & Africa
      • Algeria
      • Egypt
      • Israel
      • Kuwait
      • Nigeria
      • Saudi Arabia
      • South Africa
      • Turkey
      • United Arab Emirates
      • Rest of MEA

    Market Player Analysis

    We dedicate an entire section to major players as part of our market analysis. Here, we provide insights into their financial statements, product benchmarking, SWOT analysis and competitive landscape; in particular their key development strategies, market shares and global ranking analyses.

    Our analysts carefully analyze each major player, providing an in-depth account of their financial performance including revenue, profitability, and growth trends. Furthermore, we compare their product offerings against industry standards to evaluate competitiveness and innovation.

    Key Market Players

    • Boston Scientific
    • Cook Medical
    • Taewoong Medical
    • Medtronic Plc
    • Stryker Corp.
    • Cook Group Incorporation
    • Nordson Corp.
    • Merit Medical Systems Inc.
    • Meril Medorah Meditek Pvt. Ltd.

    Recent Developments

    • Boston Scientific: Boston Scientific is focused on expanding their portfolio in the balloon dilation and stent market through acquisitions and partnerships.
    • Cook Medical has invested heavily in research and development efforts to expand their balloon dilation and stent technologies, offering biocompatibility-enhancing designs with superior durability to meet patients’ evolving healthcare needs.
    • Taewoong Medical: Taewoong Medical has long been at the forefront of developing innovative stent solutions to address various medical conditions.
    • Medtronic Plc: Medtronic Plc has long been at the forefront of innovation in the balloon dilation and stent market, taking advantage of cutting-edge technologies like drug-eluting stents and bioresorbable scaffolds to lead the field.

    Report Scope

    Report Features Description
    Market Value (2023) USD 12.2 Billion
    Forecast Revenue (2033) USD 25.6 Billion
    CAGR (2024-2033) 7.7
    Base Year for Estimation 2023
    Historic Period 2018-2022
    Forecast Period 2024-2033
    Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments
    Segments Covered By Product Type (Balloon Dilation Devices, Stents/Implants, Consumables), By Indication (Sinus Stenosis, Pulmonary Stenosis) By End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics)
    Regional Analysis North America-US, Canada, Mexico;Europe-Germany, UK, France, Italy, Russia, Spain, Rest of Europe;APAC-China, Japan, South Korea, India, Rest of Asia-Pacific;South America-Brazil, Argentina, Rest of South America;MEA-GCC, South Africa, Israel, Rest of MEA
    Competitive Landscape Boston Scientific, Cook Medical, Taewoong Medical, Medtronic Plc, Stryker Corp., Cook Group Incorporation, Nordson Corp., Merit Medical Systems Inc., Meril Medorah Meditek Pvt. Ltd.
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)

    Frequently Asked Questions (FAQ)

    What is balloon dilation?

    Balloon dilation is a medical procedure used to widen narrowed or blocked blood vessels or passages in the body. It involves inserting a deflated balloon catheter into the narrowed area and then inflating the balloon to widen the passage and restore normal blood flow.

    What are stents used for in the medical field?

    Stents are small, mesh-like tubes used to support and hold open blocked or narrowed blood vessels or ducts in the body. They are commonly used in cardiovascular procedures to prevent arteries from collapsing or becoming blocked again after procedures such as angioplasty.

    How big is the Balloon Dilation and Stent Market?

    The global Balloon Dilation and Stent Market size was estimated at USD 12.2 Billion in 2023 and is expected to reach USD 25.6 Billion in 2033.

    What is the Balloon Dilation and Stent Market growth?

    The global Balloon Dilation and Stent Market is expected to grow at a compound annual growth rate of 7.7%. From 2024 To 2033

    Who are the key companies/players in the Balloon Dilation and Stent Market?

    Some of the key players in the Balloon Dilation and Stent Markets are Boston Scientific, Cook Medical, Taewoong Medical, Medtronic Plc, Stryker Corp., Cook Group Incorporation, Nordson Corp., Merit Medical Systems Inc., Meril Medorah Meditek Pvt. Ltd.

    How are balloon dilation and stent placement related?

    Balloon dilation is often performed before or during the placement of a stent. In many cases, a balloon catheter is used to widen the narrowed area of a blood vessel, and then a stent is placed to help keep the vessel open and maintain proper blood flow.

    What are some common medical conditions treated with balloon dilation and stent placement?

    Balloon dilation and stent placement are commonly used to treat conditions such as coronary artery disease, peripheral artery disease, narrowed bile ducts, and blocked urinary passages, among others.

    Balloon Dilation and Stent Market
    Balloon Dilation and Stent Market
    Published date: April 2024
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    • Boston Scientific Corporation Company Profile
    • Cook Medical
    • Taewoong Medical
    • Medtronic Plc
    • Stryker Corp.
    • Cook Group Incorporation
    • Nordson Corp.
    • Merit Medical Systems Inc.
    • Meril Medorah Meditek Pvt. Ltd.
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