Balloon Introducer System Market Size

Balloon Introducer System Market size was valued at USD 3.29 Billion in 2023 and is poised to cross USD 10.69 Billion by the end of 2036, expanding at more than 9.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of balloon introducer system is estimated at USD 3.57 Billion. The growth of the market can be attributed to the increasing cases of cardiac disorders. The balloon introducer system is employed to widen a small opening or passage within the body. The balloon introducer enables precise puncture site targeting and a steerable guiding sheath makes it convenient to use. Additionally, as per the data released by the World Health Organization, cardiovascular diseases are increasing aggressively and 17.9 million people died from them in 2019 worldwide. The prevalence of chronic diseases is expected to fuel the global balloon introducer system market growth during the forecast period.

Apart from this, health expenditure is increasing worldwide to make people avail of the best healthcare services. The data released by the World Bank in 2019 states that 9.84% of the total world GDP is allocated to healthcare infrastructure. The rising expenditure in the health sector is anticipated to boost the global balloon introducer system market growth during the forecast period. Moreover, the balloon introducer system reduces operation hours for doctors. Conventional invasive diagnostic angiography has been replaced by non-invasive imaging techniques. Hence, the plenty of benefits provided by the balloon introducer devices are predicted to act as a catalyst for the growth of the global balloon introducer system market during the forecast period.