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Middle East and Africa Balloon Catheters Market Report and Forecast 2024-2032
Market Report I 2024-06-26 I 140 Pages I EMR Inc.
Middle East and Africa Balloon Catheters Market Report and Forecast 2024-2032
Middle East and Africa Balloon Catheters Market Size
The global balloon catheters market was valued at USD 4.5 billion in 2023, with the Middle East and Africa holding a significant market share. The market is driven by the rising prevalence of cardiovascular diseases. It is expected to grow at a CAGR of 9.4% during the forecast period of 2024-2032, with the values likely to attain USD 8.1 billion by 2032.
Middle East and Africa Balloon Catheters Market Outlook
- In the United Arab Emirates, cardiovascular disease ranks as the leading cause of non-communicable disease, accounting for 34% of all deaths in the region. The rising cardiovascular disease burden is poised to fuel the market demand.
- One of the Middle East and Africa balloon catheters market trends is the surge in advanced medical device approvals by the health authorities. For instance, in February 2024 , Zylox-Tonbridge Medical Technology Co Ltd announced the marketing approvals for its balloon catheter products by the Ministry of Health and Prevention in the United Arab Emirates.
- The market share is influenced by the ongoing technological advancements in catheter design and materials and the growing patient preference for minimally invasive procedures.
Middle East and Africa Balloon Catheters Market Analysis
Balloon catheters are medical devices with a thin, flexible tube attached to an inflatable balloon at the tip. They are utilized in a range of therapeutic and diagnostic applications and come in different configurations to suit the specific clinical purpose. The market is witnessing technological advancements in catheter design and materials which are contributing to better patient outcomes. Further, the growing demand for minimally invasive procedures in cardiovascular interventions such as angioplasty and stent placement is expected to drive the Middle East and Africa balloon catheters market growth.
The rising prevalence of cardiovascular diseases including coronary artery disease and peripheral artery disease in the Middle East and African countries directly impacts the market dynamics. In the United Arab Emirates, cardiovascular disease ranks as the leading cause of non-communicable disease, accounting for 34% of all deaths in the region. It also leads to a substantial economic burden, reported to result in AED 26 billion in economic losses. This reflects the need for cost-effective cardiovascular treatment options including balloon catheter systems with better efficacy and safety profiles. Thus, the rise in cardiovascular conditions is poised to fuel the Middle East and Africa balloon catheters market demand.
One of the market trends is surge in product approvals by health authorities in the region. For instance, in February 2024 , Zylox-Tonbridge Medical Technology Co Ltd, a Chinese manufacturer of neurological and peripheral vascular interventional medical devices announced the marketing approval for five of its advanced products including the ZENFluxion Drug-coated PTA Balloon Catheter, ZENFlow HP PTA Balloon Catheter, and ZENFlow PTA Balloon Catheter by the Ministry of Health and Prevention in the United Arab Emirates. The introduction of such innovative balloon catheter devices supported by the presence of a favorable regulatory environment is likely to augment the market share. Moreover, the increased government initiatives to address the rising burden of cardiovascular diseases and the rising healthcare expenditures are anticipated to propel the market growth in the forecast period.
Middle East and Africa Balloon Catheters Market Segmentation??
The report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
PTA Balloon Catheters
PTCA Balloon Catheters
Occlusion Balloon Catheters
Foley Catheters
Nephrostomy Balloon Catheters
Drug-Eluting Catheters
Normal Balloon Catheter
Cutting Balloon Catheter
Scoring Balloon Catheter
Drug Eluting Balloon Catheter
Stent Graft Balloon Catheter
Others
Market Breakup by Catheter Type
Fixed Wire
Over-The-Wire
Rapid Exchange
Market Breakup by Balloon Type
Non-Compliant
Semi-Compliant
Compliant
Market Breakup by Material
Polyurethane
Nylon
Others
Market Breakup by Indication
Coronary Artery Disease
Peripheral Vascular Disease
Market Breakup by End User
Hospitals
Specialty Clinics
Others
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Leading Players in the Middle East and Africa Balloon Catheters Market
The key features of the market report include funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Boston Scientific Inc.
- Medtronic
- Terumo Corporation
- B. Braun Melsungen AG
- Jotech GmbH
- Meril Life Pvt. Ltd.
- Abbott Laboratories
- Biosensors International Ltd
- Cook Medical Inc.
- Cordis Corporation
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
FAQs
- What is the Middle East and Africa balloon catheters market forecast outlook for 2024-2032?
The Middle East and Africa balloon catheters market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 6.5% during the forecast period of 2024-2032 and is likely to reach a market value of USD 8.1 billion by 2032.
- What are the major factors aiding the Middle East and Africa balloon catheters market demand?
The rising prevalence of cardiovascular diseases and the growing demand for minimally invasive procedures are fuelling the demand for the market.
- What are the major Middle East and Africa balloon catheters market trends?
One of the significant trends in the market is the surge in advanced medical device approvals by the health authorities. For instance, in February 2024, Zylox-Tonbridge Medical Technology Co Ltd announced the marketing approvals for its balloon catheter products by the Ministry of Health and Prevention in the United Arab Emirates.
- What is the market segmentation based on the product type?
Based on the product type, the market is segmented into PTA balloon catheters, PTCA balloon catheters, occlusion balloon catheters, foley catheters, nephrostomy balloon catheters, drug-eluting catheters, normal balloon catheter, cutting balloon catheter, scoring balloon catheter, drug eluting balloon catheter, and stent graft balloon catheter, among others.
- What is the market segmentation based on the catheter type?
Based on the catheter type, the market is segmented into fixed wire, over-the-wire, and rapid exchange catheter.
- What is the market breakup by balloon type?
Based on the balloon type, the market includes non-compliant, semi-compliant, and compliant catheters.
- What is the market breakup by material?
Based on the material, the market includes polyurethane, and nylon, among others.
- What is the market breakup by indication?
Based on indication, the market includes coronary artery disease and peripheral vascular disease.
- What are the major end users of balloon catheters?
Major end users include hospitals and specialty clinics, among others.
- What is the market segmentation by countries?
The market segmentation by countries includes Saudi Arabia, the United Arab Emirates, Nigeria, and South Africa, among others.
- Who are the key players involved in the Middle East and Africa balloon catheters market?
The key players in the market are Boston Scientific Inc., Medtronic, Terumo Corporation, B. Braun Melsungen AG, Jotech GmbH, Meril Life Pvt. Ltd., Abbott Laboratories, Biosensors International Ltd, Cook Medical Inc., and Cordis Corporation.
Meta description
The Middle East and Africa balloon catheters market is poised for growth, driven by the expansion of the global market, which was valued at USD 4.5 billion in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period of 2024-2032.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Middle East and Africa Balloon Catheters Market Overview
3.1 Middle East and Africa Balloon Catheters Market Historical Value (2017-2023)
3.2 Middle East and Africa Balloon Catheters Market Forecast Value (2024-2032)
4 Middle East and Africa Balloon Catheters Market Landscape*
4.1 Middle East and Africa Balloon Catheters: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Middle East and Africa Balloon Catheters: Product Landscape
4.2.1 Analysis by Product
4.2.2 Analysis by Catheters Type
5 Middle East and Africa Balloon Catheters Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.2.1 Strengths
5.2.2 Weaknesses
5.2.3 Opportunities
5.2.4 Threats
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Rivalry
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Middle East and Africa Balloon Catheters Market Segmentation (2017-2032)
6.1 Middle East and Africa Balloon Catheters Market (2017-2032) by Product Type
6.1.1 Market Overview
6.1.2 PTA Balloon Catheters
6.1.3 PTCA Balloon Catheters
6.1.4 Occlusion Balloon Catheters
6.1.5 Foley Catheters
6.1.6 Nephrostomy Balloon Catheters
6.1.7 Drug -Eluting Catheters
6.1.8 Normal Balloon Catheter
6.1.9 Cutting Balloon Catheter
6.1.10 Scoring Balloon Catheter
6.1.11 Drug Eluting Balloon Catheter
6.1.12 Stent Graft Balloon Catheter
6.1.13 Others
6.2 Middle East and Africa Balloon Catheters Market (2017-2032) by Catheter Type
6.2.1 Market Overview
6.2.2 Fixed Wire
6.2.3 Over -The -Wire
6.2.4 Rapid Exchange
6.3 Middle East and Africa Balloon Catheters Market (2017-2032) by Balloon Type
6.3.1 Market Overview
6.3.2 Non-Compliant
6.3.3 Semi-Compliant
6.3.4 Compliant
6.4 Middle East and Africa Balloon Catheters Market (2017-2032) by Material
6.4.1 Market Overview
6.4.2 Polyurethane
6.4.3 Nylon
6.4.4 Others
6.5 Middle East and Africa Balloon Catheters Market (2017-2032) by Indication
6.5.1 Market Overview
6.5.2 Coronary Artery Disease
6.5.3 Peripheral Vascular Disease
6.6 Middle East and Africa Balloon Catheters Market (2017-2032) by End User
6.6.1 Market Overview
6.6.2 Hospitals
6.6.3 Specialty Clinics
6.6.4 Others
6.7 Middle East and Africa Balloon Catheters Market (2017-2032) by Countries
6.7.1 Market Overview
6.7.2 Saudi Arabia
6.7.3 United Arab Emirates
6.7.4 Nigeria
6.7.5 South Africa
6.7.6 Others
7 Saudi Arabia Balloon Catheters Market (2017-2032)
7.1 Saudi Arabia Balloon Catheters Market (2017-2032) by Product Type
7.1.1 Market Overview
7.1.2 PTA Balloon Catheters
7.1.3 PTCA Balloon Catheters
7.1.4 Occlusion Balloon Catheters
7.1.5 Foley Catheters
7.1.6 Nephrostomy Balloon Catheters
7.1.7 Drug -Eluting Catheters
7.1.8 Normal Balloon Catheter
7.1.9 Cutting Balloon Catheter
7.1.10 Scoring Balloon Catheter
7.1.11 Drug Eluting Balloon Catheter
7.1.12 Stent Graft Balloon Catheter
7.1.13 Others
7.2 Saudi Arabia Balloon Catheters Market (2017-2032) by Catheter Type
7.2.1 Market Overview
7.2.2 Fixed Wire
7.2.3 Over -The -Wire
7.2.4 Rapid Exchange
7.3 Saudi Arabia Balloon Catheters Market (2017-2032) by Balloon Type
7.3.1 Market Overview
7.3.2 Non-Compliant
7.3.3 Semi-Compliant
7.3.4 Compliant
7.4 Saudi Arabia Balloon Catheters Market (2017-2032) by Material
7.4.1 Market Overview
7.4.2 Polyurethane
7.4.3 Nylon
7.4.4 Others
7.5 Saudi Arabia Balloon Catheters Market (2017-2032) by Indication
7.5.1 Market Overview
7.5.2 Coronary Artery Disease
7.5.3 Peripheral Vascular Disease
7.6 Saudi Arabia Balloon Catheters Market (2017-2032) by End User
7.6.1 Market Overview
7.6.2 Hospitals
7.6.3 Specialty Clinics
7.6.4 Others
8 United Arab Emirates Balloon Catheters Market (2017-2032)
8.1 United Arab Emirates Balloon Catheters Market (2017-2032) by Product Type
8.1.1 Market Overview
8.1.2 PTA Balloon Catheters
8.1.3 PTCA Balloon Catheters
8.1.4 Occlusion Balloon Catheters
8.1.5 Foley Catheters
8.1.6 Nephrostomy Balloon Catheters
8.1.7 Drug -Eluting Catheters
8.1.8 Normal Balloon Catheter
8.1.9 Cutting Balloon Catheter
8.1.10 Scoring Balloon Catheter
8.1.11 Drug Eluting Balloon Catheter
8.1.12 Stent Graft Balloon Catheter
8.1.13 Others
8.2 United Arab Emirates Balloon Catheters Market (2017-2032) by Catheter Type
8.2.1 Market Overview
8.2.2 Fixed Wire
8.2.3 Over -The -Wire
8.2.4 Rapid Exchange
8.3 United Arab Emirates Balloon Catheters Market (2017-2032) by Balloon Type
8.3.1 Market Overview
8.3.2 Non-Compliant
8.3.3 Semi-Compliant
8.3.4 Compliant
8.4 United Arab Emirates Balloon Catheters Market (2017-2032) by Material
8.4.1 Market Overview
8.4.2 Polyurethane
8.4.3 Nylon
8.4.4 Others
8.5 United Arab Emirates Balloon Catheters Market (2017-2032) by Indication
8.5.1 Market Overview
8.5.2 Coronary Artery Disease
8.5.3 Peripheral Vascular Disease
8.6 United Arab Emirates Balloon Catheters Market (2017-2032) by End User
8.6.1 Market Overview
8.6.2 Hospitals
8.6.3 Specialty Clinics
8.6.4 Others
9 Nigeria Balloon Catheters Market (2017-2032)
9.1 Nigeria Balloon Catheters Market (2017-2032) by Product Type
9.1.1 Market Overview
9.1.2 PTA Balloon Catheters
9.1.3 PTCA Balloon Catheters
9.1.4 Occlusion Balloon Catheters
9.1.5 Foley Catheters
9.1.6 Nephrostomy Balloon Catheters
9.1.7 Drug -Eluting Catheters
9.1.8 Normal Balloon Catheter
9.1.9 Cutting Balloon Catheter
9.1.10 Scoring Balloon Catheter
9.1.11 Drug Eluting Balloon Catheter
9.1.12 Stent Graft Balloon Catheter
9.1.13 Others
9.2 Nigeria Balloon Catheters Market (2017-2032) by Catheter Type
9.2.1 Market Overview
9.2.2 Fixed Wire
9.2.3 Over -The -Wire
9.2.4 Rapid Exchange
9.3 Nigeria Balloon Catheters Market (2017-2032) by Balloon Type
9.3.1 Market Overview
9.3.2 Non-Compliant
9.3.3 Semi-Compliant
9.3.4 Compliant
9.4 Nigeria Balloon Catheters Market (2017-2032) by Material
9.4.1 Market Overview
9.4.2 Polyurethane
9.4.3 Nylon
9.4.4 Others
9.5 Nigeria Balloon Catheters Market (2017-2032) by Indication
9.5.1 Market Overview
9.5.2 Coronary Artery Disease
9.5.3 Peripheral Vascular Disease
9.6 Nigeria Balloon Catheters Market (2017-2032) by End User
9.6.1 Market Overview
9.6.2 Hospitals
9.6.3 Specialty Clinics
9.6.4 Others
10 South Africa Balloon Catheters Market (2017-2032)
10.1 South Africa Balloon Catheters Market (2017-2032) by Product Type
10.1.1 Market Overview
10.1.2 PTA Balloon Catheters
10.1.3 PTCA Balloon Catheters
10.1.4 Occlusion Balloon Catheters
10.1.5 Foley Catheters
10.1.6 Nephrostomy Balloon Catheters
10.1.7 Drug -Eluting Catheters
10.1.8 Normal Balloon Catheter
10.1.9 Cutting Balloon Catheter
10.1.10 Scoring Balloon Catheter
10.1.11 Drug Eluting Balloon Catheter
10.1.12 Stent Graft Balloon Catheter
10.1.13 Others
10.2 South Africa Balloon Catheters Market (2017-2032) by Catheter Type
10.2.1 Market Overview
10.2.2 Fixed Wire
10.2.3 Over -The -Wire
10.2.4 Rapid Exchange
10.3 South Africa Balloon Catheters Market (2017-2032) by Balloon Type
10.3.1 Market Overview
10.3.2 Non-Compliant
10.3.3 Semi-Compliant
10.3.4 Compliant
10.4 South Africa Balloon Catheters Market (2017-2032) by Material
10.4.1 Market Overview
10.4.2 Polyurethane
10.4.3 Nylon
10.4.4 Others
10.5 South Africa Balloon Catheters Market (2017-2032) by Indication
10.5.1 Market Overview
10.5.2 Coronary Artery Disease
10.5.3 Peripheral Vascular Disease
10.6 South Africa Balloon Catheters Market (2017-2032) by End User
10.6.1 Market Overview
10.6.2 Hospitals
10.6.3 Specialty Clinics
10.6.4 Others
11 Regulatory Framework
12 Funding and Investment Analysis
12.1 Analysis by Funding Instances
12.2 Analysis by Type of Funding
12.3 Analysis by Funding Amount
12.4 Analysis by Leading Players
12.5 Analysis by Leading Investors
12.6 Analysis by Geography
13 Partnership and Collaborations Analysis
13.1 Analysis by Partnership Instances
13.2 Analysis by Type of Partnership
13.3 Analysis by Leading Players
13.4 Analysis by Geography
14 Supplier Landscape
14.1 Market Share by Top 5 Companies
14.2 Boston Scientific Inc.
14.2.1 Financial Analysis
14.2.2 Product Portfolio
14.2.3 Demographic Reach and Achievements
14.2.4 Mergers and Acquisitions
14.2.5 Certifications
14.3 Medtronic
14.3.1 Financial Analysis
14.3.2 Product Portfolio
14.3.3 Demographic Reach and Achievements
14.3.4 Mergers and Acquisitions
14.3.5 Certifications
14.4 Terumo Corporation
14.4.1 Financial Analysis
14.4.2 Product Portfolio
14.4.3 Demographic Reach and Achievements
14.4.4 Mergers and Acquisitions
14.4.5 Certifications
14.5 B. Braun Melsungen AG
14.5.1 Financial Analysis
14.5.2 Product Portfolio
14.5.3 Demographic Reach and Achievements
14.5.4 Mergers and Acquisitions
14.5.5 Certifications
14.6 Jotech GmbH
14.6.1 Financial Analysis
14.6.2 Product Portfolio
14.6.3 Demographic Reach and Achievements
14.6.4 Mergers and Acquisitions
14.6.5 Certifications
14.7 Meril Life Pvt. Ltd.
14.7.1 Financial Analysis
14.7.2 Product Portfolio
14.7.3 Demographic Reach and Achievements
14.7.4 Mergers and Acquisitions
14.7.5 Certifications
14.8 Abbott Laboratories
14.8.1 Financial Analysis
14.8.2 Product Portfolio
14.8.3 Demographic Reach and Achievements
14.8.4 Mergers and Acquisitions
14.8.5 Certification
14.9 Biosensors International Ltd
14.9.1 Financial Analysis
14.9.2 Product Portfolio
14.9.3 Demographic Reach and Achievements
14.9.4 Mergers and Acquisitions
14.9.5 Certifications
14.10 Cook Medical Inc.
14.10.1 Financial Analysis
14.10.2 Product Portfolio
14.10.3 Demographic Reach and Achievements
14.10.4 Mergers and Acquisitions
14.10.5 Certifications
14.11 Cordis Corporation
14.11.1 Financial Analysis
14.11.2 Product Portfolio
14.11.3 Demographic Reach and Achievements
14.11.4 Mergers and Acquisitions
14.11.5 Certifications
15 Middle East and Africa Balloon Catheters Market - Distribution Model (Additional Insight)
15.1 Overview
15.2 Potential Distributors
15.3 Key Parameters for Distribution Partner Assessment
16 Key Opinion Leaders (KOL) Insights (Additional Insight)
17 Company Competitiveness Analysis (Additional Insight)
17.1 Very Small Companies
17.2 Small Companies
17.3 Mid-Sized Companies
17.4 Large Companies
17.5 Very Large Companies
18 Payment Methods (Additional Insight)
18.1 Government Funded
18.2 Private Insurance
18.3 Out-of-Pocket
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