Market Overview:
The Global Medical Serration Balloon Catheter Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in serration balloon catheters, and rising demand for minimally invasive surgeries. Based on type, the global medical serration balloon catheter market is segmented into OTW serration balloon catheters and rapid exchange (RE) serration balloon catheters. The OTW segment is expected to account for a larger share of the market in 2018 owing to its ease of use and lower cost as compared to RE serration balloons. However, the RE segment is projected to grow at a higher CAGR during the forecast period due to its advantages such as faster deployment time and reduced trauma caused during insertion. Based on application, hospitals accounted for the largest share of the global medical serrated balloon catheter market in 2017.
Product Definition:
A medical serration balloon catheter is a device inserted into a vein to help prevent blood clots. The catheter has small projections (serrations) that helps keep the vessel open and reduce the risk of clotting.
OTW Serration Balloon Catheter:
OTW serration balloon catheter is a medical device used for the treatment of bleeding esophageal, gastric and duodenal ulcers. It's main function is to create multiple small wounds in the stomach so that blood clots can be formed inside the body and then removed by the patient's immune system. The process helps healing of damaged areas inside human stomach lining which are caused due to radiation injury, surgery or severe trauma.
Rapid Exchange Serration Balloon Catheter:
Rapid Exchange Serration Balloon (RESSB) catheter is used for the treatment of coronary artery disease. It works by opening and closing a valve in the heart, which allows blood to flow more quickly through the coronary arteries. The RESSB balloon is inserted into a patient’s artery using an imaging procedure known as angioplasty or balloon angioplasty.
Application Insights:
Based on application, the global medical serration balloon catheter market is segmented into hospitals, clinics and ambulatory surgical centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of chronic diseases such as heart diseases, blood clots and cancer which require long term care along with an increase in hospital admissions.
The clinics segment is expected to grow at a lucrative rate over the forecast period due to increasing demand for minimally invasive surgeries coupled with rising awareness about alternative treatment options outside hospitals. The use of serration balloons has increased significantly in recent years owing to their benefits including less pain & trauma caused by conventional open surgery, faster recovery time & minimal post-operative complications compared to traditional open surgeries.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors responsible for its large share. In addition, increasing government initiatives to promote the use of serration balloon catheters is also expected to drive the regional market over the forecast period.
Asia Pacific is expected to be one of fastest growing regions during the forecast period owing to rising geriatric population and prevalence of chronic diseases such as cardiac disorders and kidney failure that can be treated with serration balloon catheterization procedures. Moreover, improving healthcare facilities in emerging countries like India & China will boost product demand during the forecast period (2018 - 2030). Furthermore, increasing R&D activities by various companies will fuel growth further (for instance; Serologicals Diagnostics Asia Pte Ltd., Singapore developed a rapid diagnostic test for COVID-19).
Growth Factors:
- Increasing incidence of cardiovascular diseases: The increasing incidence of cardiovascular diseases is one of the key growth drivers for the medical serration balloon catheter market. According to a study by the World Health Organization (WHO), an estimated 17.5 million people died from cardiovascular diseases in 2012, accounting for 31% of all global deaths. This number is projected to increase to 23 million by 2030. This growing prevalence of cardiovascular diseases is expected to drive demand for medical serration balloon catheters over the forecast period.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is expected to be a major driver for the medical serration balloon catheter market in coming years. As per United Nations estimates, the number of people aged 60 or above will exceed 1 billion by 2050, accounting for nearly 22% of the world’s population. This rising geriatric population is more susceptible to various heart-related conditions and will require treatment with medical serration balloon catheters over time, thereby propelling market growth during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Serration Balloon Catheter Market Research Report
By Type
OTW Serration Balloon Catheter, Rapid Exchange Serration Balloon Catheter
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
Intact Vascular, Terumo, Cardinal Health, C. R. Bard, Cook Medical, Boston Scientific, Covidien, Abbott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Medical Serration Balloon Catheter Market Report Segments:
The global Medical Serration Balloon Catheter market is segmented on the basis of:
Types
OTW Serration Balloon Catheter, Rapid Exchange Serration Balloon Catheter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intact Vascular
- Terumo
- Cardinal Health
- C. R. Bard
- Cook Medical
- Boston Scientific
- Covidien
- Abbott
Highlights of The Medical Serration Balloon Catheter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OTW Serration Balloon Catheter
- Rapid Exchange Serration Balloon Catheter
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Serration Balloon Catheter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical serration balloon catheter is a type of catheter that has a series of sharp, angular cuts on one side. This design allows the balloon to move more freely through the blood vessel, which helps it to reach and stay in place longer.
Some of the major companies in the medical serration balloon catheter market are Intact Vascular, Terumo, Cardinal Health, C. R. Bard, Cook Medical, Boston Scientific, Covidien, Abbott.
The medical serration balloon catheter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Serration Balloon Catheter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Serration Balloon Catheter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Serration Balloon Catheter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Serration Balloon Catheter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Serration Balloon Catheter Market Size & Forecast, 2020-2028
4.5.1 Medical Serration Balloon Catheter Market Size and Y-o-Y Growth
4.5.2 Medical Serration Balloon Catheter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 OTW Serration Balloon Catheter
5.2.2 Rapid Exchange Serration Balloon Catheter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Serration Balloon Catheter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Serration Balloon Catheter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 OTW Serration Balloon Catheter
9.6.2 Rapid Exchange Serration Balloon Catheter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 OTW Serration Balloon Catheter
10.6.2 Rapid Exchange Serration Balloon Catheter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 OTW Serration Balloon Catheter
11.6.2 Rapid Exchange Serration Balloon Catheter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 OTW Serration Balloon Catheter
12.6.2 Rapid Exchange Serration Balloon Catheter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 OTW Serration Balloon Catheter
13.6.2 Rapid Exchange Serration Balloon Catheter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Serration Balloon Catheter Market: Competitive Dashboard
14.2 Global Medical Serration Balloon Catheter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intact Vascular
14.3.2 Terumo
14.3.3 Cardinal Health
14.3.4 C. R. Bard
14.3.5 Cook Medical
14.3.6 Boston Scientific
14.3.7 Covidien
14.3.8 Abbott
