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Latin America Balloon Catheter Market Research Report – Segmented By Product Type, Raw Material, Disease Indication, End User & Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2023 to 2028)

Published: March, 2023
ID: 5212
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Balloon Catheter Market Size & Growth (2023 to 2028):

The Size of the Balloon Catheter Market in Latin America is valued at USD 0.30 billion in 2023 and is expected to reach USD 0.54 billion by 2028, to grow at a CAGR of 12.14% during the forecast period 2023 to 2028.

The rising prevalence of heart disorders, the expanding elderly population, growing desire for minimally invasive surgery, and increasing government initiatives such as favorable reimbursement policies are the Latin American balloon catheter market drivers. 

The market is also predicted to be driven by technological improvements and increased R&D. The use of balloon catheters for therapy is projected to rise among patients with end-stage renal disease, with the majority of these patients needing catheterization surgery. The population of Latin America has been identified as having the most significant incidence of coronary artery disease (CAD). Furthermore, due to an aging population with diabetes and high blood cholesterol levels, the number of coronary artery bypass surgeries will continue to rise. 

The balloon catheter market is predicted to rise due to increased research and development and an increase in regulatory approvals, mergers, and acquisitions, and new launches as the number of patients undergoing various therapies rise and the proportion of persons suffering from end-stage renal disease increases, the usage of balloon catheters for treatment is projected to rise. In addition, the government of Latin America has implemented rules and measures to address balloon catheters. Furthermore, the balloon catheter market is expected to grow due to an aging population, an increase in the prevalence of various chronic heart conditions, and a need for minimally invasive procedures, as well as an increase in healthcare spending.

The high cost of stenting and coronary angioplasty, the danger of infection and arterial collapse associated with balloon catheterization, and the availability of alternatives such as bypass surgery are expected to limit the market growth. 

Balloon catheterization increases the risk of infection and arterial collapse. In addition, due to the repeated use of catheters, cardiac catheterization patients are at an increased risk of catheter-associated bloodstream infections. 

According to a study, arteriovenous fistula, myocardial infarction, hematoma/retroperitoneal hemorrhage, thrombosis, pseudo aneurysm embolism, and allergic responses are among the top dangers linked with cardiac catheterization released by the National Center for Biotechnology Information in 2018. As a result, the risks and complications connected with catheters may impede the market growth in the coming years.

This research report on the Latin America Balloon Catheter Market has been segmented and sub-segmented into the following categories

By Product Type:

  • Cutting Balloon Catheter
  • Scoring Balloon Catheter
  • Normal Balloon Catheter
  • Drug Eluting Balloon Catheter
  • Stent Graft Balloon Catheter

By Raw Material:

  • Polyurethane
  • Nylon

By Disease Indication:

  • Coronary Artery Disease
  • Peripheral Vascular Disease

By End User:

  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories
  • Public Hospitals
  • Private Hospitals

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • the Rest of Latin America.

Geographically, the Latin America region is expected to account for a significant proportion of the worldwide balloon catheter market. In 2022, Latin America accounted for over a third of the market. The regional market growth is projected to be full of growing patient awareness and easy access to healthcare facilities. Brazil, Mexico, and Argentina are significantly expanding the Latin American regional market. 

The Brazil balloon catheter market accounted for the most significant share of the Balloon catheter market. The market growth is attributed to continually rising healthcare expenditures, increasing prevalence of cardiovascular disorders, and favorable reimbursement policies.

On the other hand, the countries such as Mexico balloon catheter market and Argentina balloon catheter market are projected to showcase a promising share and contribute to the Latin American regional market growth. The rising prevalence of cardiovascular disorders, combined with an aging population, is expected to drive market growth. Furthermore, the technological advancements in the healthcare sector, increasing investments and funding by the government, and various key market players are significantly uplifting the market growth.


Noteworthy Companies leading the Latin America Balloon Catheter Market Profiled in the Report are B. Braun Melsungen AG, Abbott Vascular, Terumo Medical, Corp., Medtronic, Biosensors International, Ltd., Boston Scientific, Goodman, and Cordis.MicroPort Scientific, Corp., Simeks Medical, and AngioScore, Inc.,

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