The drug eluting balloon catheter market is growing due to increased demand in coronary artery disease treatment, with Europe leading the way.
Fact MR analysis of Drug Eluting Balloon Catheter market provides compelling insights into the factors propelling sales prospects in key segments such as Indicatione (Coronary Artery Disease,Peripheral Vascular Diseas), End User ( Hospitals,Ambulatory Surgical Centers,Cardiac Catheterization Laboratories), and Raw Material ( Polyurethan,Nylon). It provides an executive-level blueprint of key market players’ strategies and analyses their impact on overall growth projections.
Drug eluting balloon catheter is witnessing robust adoption owing to its overwhelming results in cardiovascular and peripheral artery procedures. Moreover, drug eluting balloon catheter is also turning out to be useful for patients who are unable to undergo percutaneous coronary intervention (PCI) procedures.
Encouraged by this situation, various drug eluting balloon catheter manufacturers across the globe are now increasing their production capacity. The aforementioned factors are reflecting favorably on the global sales of the drug eluting balloon catheter.
Also, companies are aiming to manufacture cost-effective catheters in order to increase market penetration. The growing prevalence of cardiovascular diseases and soaring incidences of cardiology intervention procedures is facilitating the growth of the global drug-eluting balloon catheter market.
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Improvement in Predictive Analytics Across Healthcare is Driving the Growth Of Drug Eluting Balloon Catheter Market
Increasing awareness regarding the individual’s health coupled with the ongoing advancement in healthcare infrastructures such as improvement in data science and predictive analytics are creating lucrative growth opportunities for the Drug Eluting Balloon Catheter market.
Fact.MR projects that the global market for drug eluting balloon catheter will surge at a robust CAGR between 2018 and 2022. In addition, factors such as enhanced reimbursement policies, rising geriatric population, and growing healthcare expenditure are anticipated to positively impact the market’s growth.
The arrival of new-generation drug eluting balloon catheters as well as heavier investments in R&D pipelines in order to increase its utility is also anticipated to create lucrative growth opportunities for manufacturers and stakeholders in the global market for drug eluting balloon catheters.
Market Taxonomy
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The post Adoption of Drug Eluting Balloon Catheter to Surge Owing to the Increased In Demand for the Treatment of Coronary Artery Disease appeared first on Latest Market Reports.
The article discusses the growing demand for drug eluting balloon catheters in treating coronary artery disease.
The market is expanding due to healthcare advancements and increased cardiovascular procedures.
Europe is currently the leading region in the drug eluting balloon catheter market.
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