Visiongain has published a new report on Balloon Catheter Market Report to 2031. Profiles of Leading Balloon Catheter Market players, Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Balloon Catheter Market Report Market was valued at US$XXX billion in 2021 and is projected to reach at a market value of US$XXX billion by 2031.
COVID-19 Impact on the Global Balloon Catheter Market
The global Balloon Catheter market has been impacted by the COVID-19 pandemic. The COVID19 pandemic turned out to be a massive roadblock for the growth of the Balloon Catheter Market. The COVID19 affected the global economy since there were serious hindrances caused due to complete lockdowns and stern social distancing measures. Initially, the COVID-19 was emerged in Wuhan city of China, in December 2019. Within few months it reached to more than 200 countries. According to worldometers, over 54.6 million cases of COVID-19 were registered till 15th November 2020, around the globe with around 1.32 million fatalities.
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How the Global Balloon Catheter Market report helps you
In summary, our 240+ page report provides you with the following knowledge:
- Revenue forecasts to 2031 for Global Balloon Catheter Market, with forecasts for Product, Raw Material, Indication, End User, each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
- Revenue forecasts to 2031 for 5 regional and 16 key national markets – See forecasts for the Global Balloon Catheter Market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market– including company profiles for Global Balloon Catheter of the major companies involved in the Global Balloon Catheter Market. Some of the company’s profiled in this report are Abbott Laboratories, B. Braun Melsungen AG, Biosensors International Ltd, Biotronik, Boston Scientific Inc., Cardionovum GmbH, Cook Medical Inc., Cordis Corporation, Hexacath, Jotech GmbH, Medtronic, Meril Life Pvt. Ltd., MicroPort Scientific Corporation, QX Medical LLC, Terumo Corporation, Tokai Medical Products Inc. among others.
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Increasing healthcare expenditure
Globally, the government policies are improving the healthcare system since there is significant rise in the healthcare budget coupled with cohesive policies. The healthcare system is reformed by the governments around the globe. The rising healthcare spending has motivated the healthcare system of the world. For instance, the US spends over $10,000 per individual, which is the highest healthcare expenditure of the world. Other developed economies such as France, UK, Germany, Canada, and Spain, invests significant amount of money in the healthcare system. Even the emerging economies such as Thailand, China, Korea, India, and Korea are also increasing their healthcare expenditure.
Rising Geriatric Population in the World
Huge pool of geriatric population is boosting the demand for the treatment for the Balloon Catheter. Older population are more likely to get expose to obesity and health issues due to overweight. Lifestyle changes and poor dietary habits has exposed huge population of older population across the world. In 2015, the United Nations Population Fund stated that around 12.5% of the global population is over 60 years and above which is expected to exceed 20.0% by 2050.
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Visiongain report covers detailed competitive landscape which includes overview of key players operating, extensive product portfolios, recent developments, among others. Some of the company’s profiled in this report include Abbott Laboratories, B. Braun Melsungen AG, Biosensors International Ltd, Biotronik, Boston Scientific Inc., Cardionovum GmbH, Cook Medical Inc., Cordis Corporation, Hexacath, Jotech GmbH, Medtronic, Meril Life Pvt. Ltd., MicroPort Scientific Corporation, QX Medical LLC, Terumo Corporation, Tokai Medical Products Inc. among others. The global Balloon Catheter market players adopt various strategies to cater the available opportunities in the market. Mergers & acquisitions, partnerships, collaborations, among others, are the key strategies adopted by the market players. For instance, in September 2020, Biotronik announce the launch of Passeo-35 Xeo PTA balloon catheter in Europe. The company states that this balloon catheter will have crossability, excellent trackability, and pushability in a wide range of sizes.
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