Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 752.16 Million | USD 1660.31 Million | 8.24% | 2024 |
The global drug-coated balloons market size was worth around USD 752.16 Million in 2024 and is predicted to grow to around USD 1660.31 Million by 2034 with a compound annual growth rate (CAGR) of roughly 8.24% between 2025 and 2034. The report analyzes the global drug-coated balloons market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the drug-coated balloons industry.
Drug-coating balloons are semi-compliant angioplasty balloons with anti-proliferative drugs coated on one or both sides. After balloon inflation, which is normally done at low pressures, the balloons are disseminated in the blood vessel walls. These balloons eliminate the need for repeated vascularization and significantly reduce cellularity. During the forecast period, it is anticipated that factors such as the high prevalence of cardiovascular diseases among the geriatric population as a result of contaminated food, booming research & development in the treatment of cardiovascular diseases, and an advanced healthcare infrastructure will propel the growth of the global drug-coated balloons market. Additionally, the market for drug-coated balloons is anticipated to grow due to rising government initiatives, increased research & development, and raising public awareness of cardiac ailments. The global market for drug-coated balloons is expected to expand gradually, nonetheless, due to the high cost of procedures and materials, as well as the stringent regulatory restrictions.
The COVID-19 crisis has overburdened public health systems in a number of countries and highlighted the urgent requirement for long-term investments in healthcare infrastructure. As the COVID-19 pandemic spreads, the healthcare sector's growth is projected to stall. In several nations around the world, the COVID-19 pandemic is predicted to have a significant impact on the market for drug-coated balloons. Numerous hospitals, CATH labs, and ASCs have seen a sharp drop in elective cardiology procedures due to the pandemic. Even though COVID-19 is a worldwide pandemic, the virus has been more common in some nations than others.
Growing uses of drug-coated balloons in healthcare is predicted to fuel market growth
Drug-coated balloons are a new technique that has made it possible to treat many chronic ailments, including peripheral vascular disorders and cardiovascular conditions. Through cutting-edge goods and technologies, advances in medical procedures have made the treatment of blood vessel blockages easier. The market for drug-coated balloons is largely driven by the increasing prevalence of vascular disorders like heart, peripheral, and neurovascular, among others. For instance, the prevalence of cardiovascular diseases is rapidly increasing. Numerous variables, including obesity, a decline in physical activity, elevated stress levels, and a lifestyle change, have contributed to the rising prevalence of cardiovascular diseases. Such incidences are predicted to continue rising over the course of the forecast period, thus, encouraging growth of the global drug-coated balloons market.
Growing alternatives to the use of drug-coated balloons will hamper the growth of the market
When compared to surgical treatment, which is frequently more expensive, percutaneous therapy is commonly preferred. For instance, a straightforward femoropopliteal bypass operation results in hospital and doctor fees of about USD 20,000. In addition, the cost would be significantly higher if there were any postoperative complications, such as infection. This factor will hamper the global drug-coated balloons market's growth due to the availability of lower-cost alternatives.
Rising government and private sector initiatives drives new opportunities for the market
As technology developed and healthcare research blossomed during the past ten years, the healthcare infrastructure underwent substantial changes. Through various initiatives, several governmental and commercial factors are making significant efforts to lower the prevalence of cardiovascular diseases. Governments and medical professionals have started educating the general public about PAD in industrialized countries. In September, the US marks "PAD Awareness Month." During this, medical device companies, physicians, payers, and healthcare professionals all participate. They try to educate individuals about the adverse effects of PAD and how to manage it during the awareness campaign. In addition, research teams are receiving money from several government organizations to assist them in creating drug-coated balloons that are more effective at treating cardiovascular diseases. This is projected to increase demand for drug-coated balloons worldwide in the upcoming years.
The global drug-coated balloons market is segregated on the basis of indication, drug type, end-user, and region.
Based on indication, the market is divided into peripheral artery disease (PAD), coronary artery disease (CAD), and others. Peripheral artery disease (PAD) made up more than 81% of the market in 2021, and it is anticipated that it will continue to dominate the segment over the forecast period. Rapid growth in the use of drug-coated balloons (DCB) for treating PAD is mainly attributable to the availability of good clinical data demonstrating the efficacy and safety of DCB technology. Since the bulk of DCB devices is commercially available for PAD indication, this sector accounts for the most significant share. The market is further expanding due to factors such as the rapid growth of the aging population, the consequent rise in the prevalence of peripheral artery illnesses, and an increase in product approvals. The growth of peripheral artery disease is also fueled by an increase in diabetes patients.
By drug type, the market is divided into paclitaxel and sirolimus. Given that these products are secure and efficient in treating urological, aortic valve (AV), and cardiovascular (CVD) problems, the paclitaxel market sector holds the largest portion of the overall market. In the PCI technique, particularly for CVDs, the paclitaxel-coated balloon (PCB) technology has emerged as a viable therapeutic alternative. The vast majority of DCBs that are marketed are paclitaxel-coated. Clinical evidence suggests that paclitaxel-coated balloons lower the risk of restenosis following angioplasty of atherosclerotic femoropopliteal lesions. Their demand among healthcare professionals is rising as a result.
By end-user, the market is divided into hospitals, ambulatory care settings, and freestanding cath labs. In 2021, the hospital segment owned the largest market share. Surgeons choose the increasingly used drug-coating balloon catheters as a reliable technique for administering medication during surgical procedures. Furthermore, patients are choosing hospitals and clinics more frequently due to the improved post-surgical care offered by the caregivers and nursing staff.
Report Attributes | Report Details |
---|---|
Report Name | Drug-Coated Balloons Market |
Market Size in 2024 | USD 752.16 Million |
Market Forecast in 2034 | USD 1660.31 Million |
Growth Rate | CAGR of 8.24% |
Number of Pages | 218 |
Key Companies Covered | Bayer AG, B. Braun SE, Eurocor GmbH, Biosensors International Group, Boston Scientific Corporation, iVascular, Medtronic plc, BIOTRONIK, Caliber Therapeutics, Concept Medical Research, and others. |
Segments Covered | By Type, By Product, By End-use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the global drug-coated balloons market in 2034
The market for drug-coated balloons was dominated by the North American area in 2034. The high prevalence of cardiovascular disease diagnosis and treatment, along with rising healthcare spending, is expected to bode well for the drug-coated balloon industry in North America. Additionally, it is anticipated that advantageous reimbursement rules and increased product innovation will fuel sales growth in the local market. The largest market for drug-coated balloons in North America is the United States, followed by Canada. With the rising rates of obesity, unhealthy lifestyle choices, an aging population, the presence of influential figures, and high spending potential, the region has been experiencing an increase in cardiac problems. As a result, drug-coated balloon catheter (DCB) sales are increasing, especially in the United States.
Drug-Coated Balloons Market: Competitive Landscape
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the drug-coated balloons market on a global and regional basis.
Some of the main competitors dominating the global drug-coated balloons market include -
Global Drug-Coated Balloons Market is segmented as follows:
By Indication
By Drug Type
By End-user
By Region
FrequentlyAsked Questions
The global drug-coated balloons market is expected to grow due to increasing prevalence of cardiovascular and peripheral artery diseases, the rising demand for minimally invasive procedures.
According to a study, the global drug-coated balloons market size was worth around USD 752.16 Million in 2024 and is expected to reach USD 1660.31 Million by 2034.
The global drug-coated balloons market is expected to grow at a CAGR of 8.24% during the forecast period.
North America is expected to dominate the drug-coated balloons market over the forecast period.
Leading players in the global drug-coated balloons market include Bayer AG, B. Braun SE, Eurocor GmbH, Biosensors International Group, Boston Scientific Corporation, iVascular, Medtronic plc, BIOTRONIK, Caliber Therapeutics, Concept Medical Research, among others.
The report explores crucial aspects of the drug-coated balloons market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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