Balloon Introducer System Market Analysis

Application (Coronary Artery, Peripheral Artery, Neurovascular Diseases)

The global balloon introducer system market is segmented and analyzed for demand and supply by application into the coronary artery, peripheral artery, and neurovascular diseases. Out of the three types, the coronary artery diseases segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing percutaneous coronary artery intervention procedures, atherectomy, and catheterization procedures. Also, increasing health spending across the world to improve healthcare facilities of people is anticipated to boost the market growth. As per recent reports, the healthcare spending of the world increased twice in the last 20 years and is estimated to reach USD 9 trillion in 2019 with a GDP of 10% raising from the base of 9% in 2000. Additionally, increasing minimal invasive methods and the rising preference of people for non-invasive and minimally invasive methods are estimated to have a positive impact on market growth. Also, the recovery time for these procedures is very less compared to surgical procedures.

End-user (Hospital, Ambulatory Surgical Centers, Catheterization Laboratories)

The global balloon introducer system market is also segmented and analyzed for demand and supply by end-user in hospitals, ambulatory surgical centers, and catheterization laboratories. Out of which, the hospital sub-segment is anticipated to hold the largest share in the global balloon introducer system market on account of the vast availability of specialized doctors. Most people choose hospitals for surgeries since they're furnished with modern machinery. The increasing initiatives from private and government to build new hospitals and improve the infrastructure facilities of hospitals are estimated to drive the growth of the market. According to the observations, American hospitals are building new or replacement and expansion projects to improve acute care facilities which are increased by over 15% from 2021 to more than 20% in 2022. The presence of skilled doctors in the hospitals, with an in-house pharmacy, and the availability of nurses and physicians at any time in multispecialty hospitals are rising the market growth.

Our in-depth analysis of the global market includes the following segments: