Angioplasty Balloons Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The drug-eluting balloon is a non-stent device that uses an inflated balloon to distribute antiproliferative medicines efficiently and uniformly to the endothelial vessel wall. This ensures the artery is transparent and comprehensive and maintains optimum blood flow. The drug-eluting balloon segmental growth is attributed to peripheral and coronary artery disease's growing prevalence. For instance, according to the American Heart Association 2021 report, peripheral artery disease (PAD) affects more than 200 million people worldwide and is associated with high mortality and morbidity. 

Moreover, the increasing geriatric population, which is prone to cardiovascular diseases, are projected to bolster market growth. For instance, according to the research study published in December 2021, by Elsevier, for older people aged 45 and above, the overall self-reported prevalence of diagnosed cardiovascular diseases (CVDs) was 29.4%. The prevalence rate increased with age, from 22% in the 45–54 age group to 38% in the 70+ age group, showing that the senior population is at high risk of having CVDs. Such prevalence of various cardiovascular conditions is expected to drive the demand for drug-eluting balloons as they are used to deliver medication directly to the site of the blood vessel blockage, enhancing the effectiveness of the treatment and reducing the risk of restenosis, thereby helping in the recovery of affected patients. The angioplasty balloons market was valued at about USD 2639.25 million in the current year and is expected to reach USD 3343.12 million by the end of the forecast period, registering a CAGR of nearly 3.5% over the forecast year.

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