According to World Health Organization (WHO), in 2015 around 17.7 million people died due to
cardiovascular disease worldwide, and out of this total deaths around 7.4 million were die due to
coronary heart disease. Furthermore, the majority of deaths are occurred in emerging economies
due to high prevalence rate and lack of healthcare services in rural areas.
Also, increasing aging population and rising demand for minimally invasive procedures are the
other factors leading to the growth of balloon catheters market in developed as well as emerging
economies.
As per United Nations Population Fund, people aged 60 years and above accounted for 12.3% of
the global population in 2015, which is expected to increase to 22% by 2050. The factors behind
aging population in developed region are developed healthcare services and access of healthcare
facilities to people, better nutrition, sanitation and economic development.
Increase in coronary artery disease prevalence and preference for minimally invasive
procedure expected to favor the growth of balloon catheters market in the near future
North America accounts for the largest share in the global balloon catheters market, followed by
Europe. This is mainly attributed to rapidly aging population, increase in incidence rate of diabetes
and increase in number of heart attack and coronary artery disease cases in this region. As per the
stats published by Centers for Disease Control and Prevention (CDC), in 2012, around 29.1 people
were living with diabetes in the U.S. Furthermore, in 2012, 1.7 million people were newly
diagnosed for diabetes in U.S.
The balloon catheters market is expected to show high growth rate in Asia-Pacific region over the
forecast period supported by increase in prevalence rate of lifestyle disease such as diabetes.
According to World Health Organization (WHO), in 2016, around 110 million people were living
with diabetes in China and this number is expected to reach 150 million in 2040 due to unhealthy
habits and lack of physical activity.
Also, the increase in minimally invasive procedure expected to raise the demand for balloon
catheters in developed and emerging regions during forecast period, as minimally invasive
treatment help patients to get cure rapidly, helps to avoid open heart surgery and also prevent loss of
blood during surgery.
Also, the minimally invasive procedures takes less time to perform the surgery and patient can be
released from hospital on same day of surgery. This helps to patient to start their daily routine early
as compare to open heart surgery also it reduces the chances of complexity occurs after the surgery.
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catheters-market-489
High cases of coronary artery disease and heart surgery procedures is expected to fuel the
growth of balloon catheters market
Factors such as high incidence of coronary artery diseases with increasing heart surgery procedures
will propel growth in balloon catheters market. For instance, according to National Health Service
(NHS), around 20,000 coronary artery bypass surgery is performed annually in England. According
to Coronary Artery Disease among Asian Indians (CADI) Research Foundation, around 60,000
coronary artery bypass surgery performed every year in India. The same source highlights that the
number of coronary artery bypass surgery will keep on rising due to increasing geriatric population
with diabetes cases and high blood cholesterol level.
However, factors such as low health insurance in emerging countries such as India and China, lack
of awareness about invasive surgery among patients, and enormous cost of surgery makes this