Drug-eluting Balloon Catheters Market Size, Share & COVID-19 Impact Analysis, By Drug (Paclitaxel, Sirolimus, and Others), By Indication (Coronary Intervention and Peripheral Intervention), By End-user (Hospitals & ASCs and Specialty Clinics and Catheterization Laboratories), and Regional Forecast, 2022-2029
The drug-eluting balloon catheter market is witnessing remarkable growth as these innovative medical devices continue to transform cardiovascular care. With the ability to deliver therapeutic drugs directly to the site of arterial blockages, these catheters offer a targeted and effective treatment option.
According to Research Done By Fortune Business Insights, The global drug-eluting balloon catheters market size was valued at USD 529.4 million in 2021 and is projected to grow from USD 615.2 million in 2022 to USD 1,119.4 million by 2029, exhibiting a CAGR of 8.9% during the forecast period.
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These catheters are designed to tackle the challenge of restenosis, a common complication after angioplasty. By releasing drugs that inhibit cell proliferation, they prevent the recurrence of arterial narrowing, promoting better patient outcomes. Moreover, drug-eluting balloon catheters eliminate the need for permanent implants like stents, reducing the risk of long-term complications.
Advancements in coating technologies and drug formulations have further enhanced the efficacy of these catheters, improving patient safety and reducing the need for repeat procedures. The rising prevalence of cardiovascular diseases, coupled with the growing demand for minimally invasive treatments, is expected to drive the drug-eluting balloon catheters market in the coming years.
As medical technology continues to evolve, these innovative devices hold great promise in revolutionizing the treatment landscape for cardiovascular patients.