Micro Balloon Catheter Market Size, Trends & Forecast [2032]
Micro Balloon Catheter Market Size, Trends & Forecast [2032]
Segments - Micro Balloon Catheter Market by Type (Latex Micro Balloon Catheter and Silicone Micro Balloon Catheter), Application (Cardiovascular, Gastrointestinal, Neurovascular, and Urology), End-user (Hospitals, Clinics, and Ambulatory Surgical Center), Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
Upcoming
| Report ID :HC-6558
| 4.7 Rating
| 84 Reviews
| 215 Pages
| Format :
Report Description
The global micro balloon catheter market size was USD 54.2 Billion in 2023 and is likely to reach USD 96.3 Billion by 2032, expanding at a CAGR of 6.6% during 2024–2032. The market growth is attributed to the increasing demand for the minimally invasive procedure.
Micro-balloon catheters are a type of medical device used in various medical procedures. They are designed to provide a temporary, controlled, and precise means of accessing and manipulating the body's internal structures. A micro-balloon catheter typically consists of a thin, flexible tube with a small, inflatable balloon at the tip. The balloon is designed to be inflated with a small amount of fluid, such as saline or air, to allow for precise control over the catheter's movement and positioning within the body.
The rising incidence of conditions like urinary retention, urinary incontinence, benign prostatic hyperplasia, and neurogenic bladder dysfunction has led to a growing need for catheterization as a treatment option for both short-term and long-term management. As a result, the market is expected to experience significant growth in the forecast period, driven by the emergence of mid-scale catheter manufacturers vying for a larger market share. For instance,
-
According to the World Health Organization (WHO), over 200 million people globally are affected by various urological disorders. In the US, these disorders impact nearly 25 million individuals, with women comprising 80% of this population, highlighting the significant burden of urological health issues on women's health.
Impact of Artificial Intelligence (AI) in Micro Balloon Catheter Market
AI-powered diagnostic tools improve the accuracy of diagnoses and treatment plans, leading to better patient outcomes. Moreover, the personalized medicine is expected to propel the global market. AI help in personalizing the treatment plans based on individual patient characteristics, such as genetic profiles and medical histories.
Micro Balloon Catheter Market Dynamics
Major Drivers
Increasing demand for the minimally invasive procedure is fueling the market. The increasing demand for minimally invasive procedures is a significant driver of the micro balloon catheter market. These procedures offer numerous benefits, including reduced recovery times, less scarring, and lower risk of complications. For instance,
-
In May 2023, BD launched a groundbreaking prefilled flush syringe, the BD PosiFlush SafeScrub, designed to revolutionize patient care by streamlining the flushing and disinfection process for IV catheters during clinical procedures. By ensuring the cleanliness and disinfection of catheters, this minimally invasive product plays a critical role in preventing Central Venous Catheter-Related Bloodstream Infections (CRBSIs)
Existing Restraints
High cost of development and production of micro balloon catheters is expected to constrain the global market. Development of micro balloon catheters requires significant investment in research and development, which is a barrier to entry for new companies. Furthermore, the limited reimbursement landscape for micro balloon catheters, which impacts the adoption and utilization of these devices.
Emerging Opportunities
Advances in materials science are enabling the development of new micro balloon catheter materials with improved properties. Additionally, the advances in imaging technology, such as MRI and CT scans, are enabling the development of new micro balloon catheter designs and applications. These advancements and developments are expected to offer emerging opportunity to the market.
Scope of the Micro Balloon Catheter Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Micro Balloon Catheter Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2023 |
|
Historic Data |
2017–2022 |
|
Forecast Period |
2024–2032 |
|
Segmentation |
Type (Latex Micro Balloon Catheter and Silicone Micro Balloon Catheter), Application (Cardiovascular, Gastrointestinal, Neurovascular, and Urology), End-user (Hospitals, Clinics, and Ambulatory Surgical Center), |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Boston Scientific Corporation; ConvaTec Group Plc; Cure Medical LLC; Edward Lifesciences; Hollister Incorporated; Medtronic; Smith Medical Inc.; and Teleflex Incorporated |
Market Segment Insights
Regional Analysis
In terms of region, the global micro balloon catheter market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominates the global market in 2023 owing to increasing demand for minimally invasive procedures. Moreover, the increasing healthcare expenditure in this area is expected to fuel the regional market during the forecast period. Furthermore, the presence of major market players in this region is driving the regional market.
The market in North America is projected to grow at a significant pace in the years to come owing to the high adoption rates of micro balloons catheters. Additionally, the increasing advancements of in medical devices and technology is expected to boost the regional market during the forecast period.
Segment Analysis
Type Segment Analysis
Based on type, the micro balloon catheter market is bifurcated into latex micro balloon catheter and silicone micro balloon catheter. The silicone micro balloon catheter segment held the largest share in the global market in 2023 owing to its biocompatibility and reduced risk of adverse reactions. Moreover, the durability of silicone micro balloon catheters is making it a more reliable option and driving the segment.
The latex micro balloon catheter segment is anticipated to grow at a substantial CAGR during the forecast period due to its lower cost. Latex catheters are widely available and are easily sourced from various suppliers. Moreover, the latex micro balloon catheters are highly getting adopted by healthcare professionals, driving the segment.
Application Segment Analysis
On the basis of application, the global market is segregated into cardiovascular, gastrointestinal, neurovascular, and urology. The cardiovascular segment is anticipated to register a considerable CAGR in over the predicted period due to the growing prevalence of cardiovascular disease. Cardiovascular procedures are among the most common and in-demand procedures in the medical field, driving the demand for micro balloon catheters.
The gastrointestinal segment is projected to register a robust growth rate during the assessment years owing to the advancements in technology to improve the design and functionality. The demand for endoscopy procedures is increasing, driving the demand for micro balloon catheters. The prevalence of gastrointestinal diseases is increasing globally, driving the demand for micro balloon catheters.
End-user Segment Analysis
On the basis of end-user, the micro balloon catheter market is segmented into hospitals, clinics, and ambulatory surgical center. The hospitals segment registers a robust growth rate in 2023 due to the growing demand of diagnostic procedures. Hospitals are increasingly adopting minimally invasive procedures, which require micro balloon catheters and driving the segment.
Segments
The micro balloon catheter market has been segmented on the basis of
Type
- Latex Micro Balloon Catheter
- Silicone Micro Balloon Catheter
Application
- Cardiovascular
- Gastrointestinal
- Neurovascular
- Urology
End-user
- Hospitals
- Clinics
- Ambulatory Surgical Center
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global micro balloon catheter market are Boston Scientific Corporation; ConvaTec Group Plc; Cure Medical LLC; Edward Lifesciences; Hollister Incorporated; Medtronic; Smith Medical Inc.; and Teleflex Incorporated.
These players utilize several development strategies, such as product launches and acquisitions, to boost their global presence. For instance,
-
In October 2023, B. Braun has launched the Introcan Safety 2 IV Catheter, an innovative product that incorporates multi-access blood control technology. This feature is designed to provide clinicians with enhanced protection against blood exposure each time the hub is accessed, promoting a safer and more efficient IV therapy experience.
-
In April 2023, Boston Scientific Corporation has published its 2022 Performance Report, highlighting the company's commitment to driving innovation in medical devices and therapies to enhance patient outcomes. The report also showcases the company's focus on environmental, social, and governance (ESG) initiatives, demonstrating its dedication to responsible business practices and sustainability.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Balloon Catheter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro Balloon Catheter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro Balloon Catheter Market - Supply Chain
4.5. Global Micro Balloon Catheter Market Forecast
4.5.1. Micro Balloon Catheter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro Balloon Catheter Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Micro Balloon Catheter Market Absolute $ Opportunity
5. Global Micro Balloon Catheter Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Micro Balloon Catheter Market Size and Volume Forecast by Types
5.3.1. Latex Micro Balloon Catheter
5.3.2. Silicone Micro Balloon Catheter
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Micro Balloon Catheter Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Micro Balloon Catheter Market Size and Volume Forecast by Applications
6.3.1. Cardiovascular
6.3.2. Gastrointestinal
6.3.3. Neurovascular
6.3.4. Urology
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Micro Balloon Catheter Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Micro Balloon Catheter Market Size and Volume Forecast by End Users
7.3.1. Hospitals
7.3.2. Clinics
7.3.3. Ambulatory Surgical Center
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Micro Balloon Catheter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro Balloon Catheter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro Balloon Catheter Demand Share Forecast, 2019-2026
9. North America Micro Balloon Catheter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro Balloon Catheter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro Balloon Catheter Market Size and Volume Forecast by Types
9.4.1. Latex Micro Balloon Catheter
9.4.2. Silicone Micro Balloon Catheter
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Micro Balloon Catheter Market Size and Volume Forecast by Applications
9.7.1. Cardiovascular
9.7.2. Gastrointestinal
9.7.3. Neurovascular
9.7.4. Urology
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Micro Balloon Catheter Market Size and Volume Forecast by End Users
9.10.1. Hospitals
9.10.2. Clinics
9.10.3. Ambulatory Surgical Center
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Micro Balloon Catheter Demand Share Forecast, 2019-2026
10. Latin America Micro Balloon Catheter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro Balloon Catheter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro Balloon Catheter Market Size and Volume Forecast by Types
10.4.1. Latex Micro Balloon Catheter
10.4.2. Silicone Micro Balloon Catheter
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Micro Balloon Catheter Market Size and Volume Forecast by Applications
10.7.1. Cardiovascular
10.7.2. Gastrointestinal
10.7.3. Neurovascular
10.7.4. Urology
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Micro Balloon Catheter Market Size and Volume Forecast by End Users
10.10.1. Hospitals
10.10.2. Clinics
10.10.3. Ambulatory Surgical Center
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Micro Balloon Catheter Demand Share Forecast, 2019-2026
11. Europe Micro Balloon Catheter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro Balloon Catheter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro Balloon Catheter Market Size and Volume Forecast by Types
11.4.1. Latex Micro Balloon Catheter
11.4.2. Silicone Micro Balloon Catheter
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Micro Balloon Catheter Market Size and Volume Forecast by Applications
11.7.1. Cardiovascular
11.7.2. Gastrointestinal
11.7.3. Neurovascular
11.7.4. Urology
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Micro Balloon Catheter Market Size and Volume Forecast by End Users
11.10.1. Hospitals
11.10.2. Clinics
11.10.3. Ambulatory Surgical Center
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Micro Balloon Catheter Demand Share Forecast, 2019-2026
12. Asia Pacific Micro Balloon Catheter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro Balloon Catheter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro Balloon Catheter Market Size and Volume Forecast by Types
12.4.1. Latex Micro Balloon Catheter
12.4.2. Silicone Micro Balloon Catheter
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Micro Balloon Catheter Market Size and Volume Forecast by Applications
12.7.1. Cardiovascular
12.7.2. Gastrointestinal
12.7.3. Neurovascular
12.7.4. Urology
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Micro Balloon Catheter Market Size and Volume Forecast by End Users
12.10.1. Hospitals
12.10.2. Clinics
12.10.3. Ambulatory Surgical Center
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Micro Balloon Catheter Demand Share Forecast, 2019-2026
13. Middle East & Africa Micro Balloon Catheter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Micro Balloon Catheter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro Balloon Catheter Market Size and Volume Forecast by Types
13.4.1. Latex Micro Balloon Catheter
13.4.2. Silicone Micro Balloon Catheter
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Micro Balloon Catheter Market Size and Volume Forecast by Applications
13.7.1. Cardiovascular
13.7.2. Gastrointestinal
13.7.3. Neurovascular
13.7.4. Urology
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Micro Balloon Catheter Market Size and Volume Forecast by End Users
13.10.1. Hospitals
13.10.2. Clinics
13.10.3. Ambulatory Surgical Center
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Micro Balloon Catheter Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Micro Balloon Catheter Market: Market Share Analysis
14.2. Micro Balloon Catheter Distributors and Customers
14.3. Micro Balloon Catheter Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. B. Braun
14.4.2. Boston Scientific Corporation
14.4.3. ConvaTec Group Plc
14.4.4. Cure Medical LLC
14.4.5. Edward Lifesciences
14.4.6. Hollister Incorporated
14.4.7. Medtronic
14.4.8. Smith Medical Inc.
14.4.9. Teleflex Incorporated
Methodology
Related Reports
Some other reports from this category!
Our Clients
