Published by maria gbaf
Posted on January 28, 2022
5 min readLast updated: January 28, 2026
The balloon catheter market is set to grow significantly, reaching $5.11 billion by 2031, driven by innovations in drug eluting balloons and a preference for minimally invasive procedures.
According to a recent study by Future Market Insights (FMI), the global balloon catheter market is expected to witness high growth during the forecast period. Sales are expected to reach US$ 5.11 Bn by the end of 2031. This reflects a cumulative CAGR of around 4.0% over the forecast period (2021-2031).
Drug eluting balloons are playing an important role by facilitating the push mechanism, through the drug treatment. Excipient coated balloons offer a high efficacy and viability for the transfer of the drug.
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Development in such technologies is increasing the use of balloon catheters, boosting the market. Hence, to gain competitive edge, key players are developing advanced drug eluting balloon.
Subsequently, these companies are getting approvals from the governments to commercially manufacture these balloons. This is expected to bode well for the growth in the market.
Furthermore, due to prolonged stay at the hospital in angioplasty procedures, preference for the same is decreasing among patients with coronary artery disease (CAD). Hence, with attributes such as minimal invasion of drug eluting balloon catheters, demand is increasing among CAD patients.
Hence, efforts are being taken by public authorities, NGO’s, and government to spread awareness regarding the positive benefits of balloon catheters. For instance, campaigns such as “Spread the Word Campaign”, educating women on CAD and its treatments solutions by Healthy Women and National Association for Nurse Practitioners.
A slew of such activities are expected to increase the demand for balloon catheters over the forecast period.
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Key Takeaways
“Rising incidence of cardiovascular and peripheral artery diseases, growing preference for minimally invasive surgeries, and increasing number of stenting and angioplasty procedures are expected to drive the demand for balloon catheters over the decade,” says the FMI Analyst
Who is winning?
Some of the leading manufacturers of balloon catheters market are focusing on product launches for expansion of their product portfolio. They are also aiming for strategic mergers and partnerships, thereby, strengthening their global presence.
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Want more insights?
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2031. The global balloon catheters market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights into balloon catheters. The balloon catheters market is segmented on the basis of product (normal balloon catheter, cutting balloon catheter, scoring balloon catheter, drug eluting balloon catheter, stent graft balloon catheter), raw material (polyurethane, nylon, others), indication (coronary artery disease, peripheral vascular disease), and end user (hospitals(private hospitals, public hospitals), ambulatory surgical centers, cardiac catheterization laboratories) across seven major regions.
About the Healthcare Division at Future Market Insights
Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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The article discusses the growth of the balloon catheter market, expected to reach $5.11 billion by 2031.
Innovations in drug eluting balloons and a preference for minimally invasive procedures are key drivers.
North America held the largest share of the balloon catheter market in 2021.
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