Global Balloon Catheters Patent Landscape Report 2024

Global Balloon Catheters Market Size

The balloon catheters market was valued at USD 4.36 billion in 2023. It is expected to grow at a CAGR of 6.4% during the forecast period of 2024-2032 and attain a market value of USD 7.62 billion in 2032.

The market growth is driven by the increasing use of such platforms and ongoing technological advancements in this field. There is a growing need for interventional procedures like angioplasty, which frequently involve balloon catheters, due to the rising prevalence of cardiovascular diseases.

Patent Landscape Report Coverage

The Global Balloon Catheters Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for global balloon catheters include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within balloon catheter technologies.

Rapid Exchange (RX) balloon catheters enable more rapid and effective catheter exchanges during angioplasty procedures with their user-friendly design. With a shorter guide wire lumen that only reaches a portion of the catheter's length, these devices greatly shorten procedure times and allow doctors to perform exchanges with little help.

Key Inclusions

Patent Valuation Analysis

Evaluation analysis and competitive benchmarking of key members of unique patent families are covered in the analysis for balloon catheter technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with balloon catheters.

Analysis of Patent Applications

A comprehensive summary of several patent applications which were filed across different jurisdictions for balloon catheters and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.

Analysis of Granted Patents 

Detailed analysis of the granted patents across different jurisdictions for balloon catheters and their relative value in the IP are covered in the final report.

Balloon Catheters Patent Outlook

• The increasing use of balloon catheters in clinical practice can be attributed to technological advancements improving their efficacy and safety. This includes drug-eluting and cutting balloon catheters. While cutting balloons precisely addresses difficult plaques and improves patient outcomes, drug-eluting balloons effectively deliver therapeutic agents directly to the vessel walls, lowering the risk of re-narrowing. These developments make vascular interventions safer and more effective, which increases their use in medical procedures.

• Global aging populations are more vulnerable to long-term health issues like cardiovascular diseases, which frequently call for balloon catheter interventions. The market for balloon catheters is expected to grow as the number of elderly people rises and so does the need for these medical procedures. Due to the rise in the number of necessary medical interventions, this demographic trend is driving market expansion.

• The incidence of patent applications is impacted by the rising trend towards minimally invasive surgeries. These procedures are less traumatic for patients and typically allow for quicker recovery times than traditional surgeries. This shift is driving demand across various medical fields, as minimally invasive techniques often result in less pain, reduced scarring, and shorter hospital stays, making them increasingly preferred by both healthcare providers and patients.

What are Balloon Catheters?

Balloon catheters are medical devices made of a thin tube that can be inserted into the vascular system and has an inflatable balloon at the tip. They are mostly utilized in angioplasty procedures, which dilate blood vessels or blockages, insert stents, and carry out other therapeutic interventions inside the body's hollow structures.

The balloon catheter market continues to evolve as these procedures are encouraged to be used for cardiovascular treatment. With favorable reimbursement scenarios and the swift economic expansion of nations such as China, India, and Brazil are driving up healthcare costs and easing the uptake of cutting-edge medical technology, impacting the market as well as the patent landscape significantly.

Balloon Catheters Industry Growth Drivers

Technological Advancements in Balloon Catheter Design is Expected to Boost Patent Applications

The technological developments in balloon catheter design enhance the efficacy, safety, and precision of medical procedures. Their clinical utility in procedures like angioplasty is greatly enhanced by innovations like drug-eluting surfaces, advanced materials for increased flexibility and durability, and precisely engineered balloons for targeted therapy. For instance, the FDA has approved the IN.PACT 018 Paclitaxel-Coated Percutaneous Transluminal Angioplasty (PTA) Balloon Catheter, which is a drug-coated balloon (DCB) by Medtronic. It is intended to be used for the interventional treatment of peripheral arterial disease (PAD) in the superficial femoral and popliteal arteries.

 
With the increasing acceptance and innovation in technology, there has been an increase in patent grants rising from 2,945 patents in 2022 to 3,181 patents in 2023.

Increased Demand for Minimally Invasive Surgical Procedures is Expected to Propel the Balloon Catheters Industry

Because minimally invasive surgical procedures have several advantages over traditional open surgery, their popularity has grown. It offers advantages such as shorter recovery times, a lower risk of infection, and less pain after surgery. This preference change is increasing the use of specialized equipment, such as balloon catheters, which are necessary to successfully carry out these less invasive interventions.

Global Balloon Catheters Patent Segmentation 

The report provides an in-depth analysis of the patents in this field by the following segmentation - 

Analysis by Product 

• Rapid Exchange (RX) Balloon Catheters

• Over-The-Wire (OTW) Balloon Catheters

• Drug Eluting Balloon Catheters

• Stent Graft Balloon Catheters

• Others

Balloon Catheters Patent Segmentation Analysis

The breakup based on product includes rapid exchange (RX) balloon catheters, over-the-wire (OTW) balloon catheters, drug-eluting balloon catheters, stent graft balloon catheters and others. Balloon catheters track usage and issue alerts, improving patient compliance and treatment efficiency in cardiac diseases. These developments improve health outcomes and simplify disease management, increasing the appeal to users.

An over-the-wire (OTW) balloon catheter offers enhanced stability and control when inserting the catheter and navigating intricate vascular routes. They have a long guidewire lumen that extends the full length of the catheter, making it possible to manage the guidewire independently of the catheter. This design improves the catheter's flexibility and precision during operations like angioplasty.

Detailed technological data will be provided for all specified segments classified in this report.

Balloon Catheters Patent Jurisdiction Analysis

The United States is one of the leading jurisdictions for balloon catheter patents, having around 121,200 patents. The presence of a well-established healthcare infrastructure, a robust legal framework and prominent research institutions engaged in innovations contributes to the patent landscape significantly.

Holding a significant chunk of the global population, China is another vital jurisdiction and is witnessing rapid growth in patent filings. The expanding healthcare landscape in the region contributes to the evolving research capabilities, thereby influencing a surge in patent applications.

Patent Profile of Key Companies

Among the players with balloon catheter patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:

Cook Medical Technologies LLC

A well-known business in the world with expertise in creating and producing medical equipment for minimally invasive surgeries, they have a wide range of products, including balloon catheters for vascular, urological, and gastroenterological procedures. Cook Medical is renowned for its dedication to quality and innovation in the creation of products that enhance patient care across the world.

Boston Scient Scimed Inc.

A pioneer in the medical device sector that creates, produces, and distributes a broad variety of high-performing balloon catheters for peripheral, urological, and cardiovascular procedures. Boston Scientific Scimed is a company renowned for its creativity and quality. It is committed to improving patient outcomes by using state-of-the-art technologies and clinical excellence.

Other companies include Scimed Life Systems INC, Terumo Corp, and Advanced Cardiovascular System, among others.

Reasons to Purchase this Report

The Global Balloon Catheters Patent Report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by:

• Competitive Advantage: The landscape reveals the market leaders, potential partners and innovators and makes it understandable which companies have important patents in this field of Balloon Catheters.

• Innovation Insights: The patent analysis reveals new innovations and technologies in the balloon catheters industry.

• Market Positioning: Companies with strong patent portfolios gain a competitive advantage because their intellectual property assets differentiate their products. Understanding their intellectual property strategy reveals the market position of new entrants and potential barriers to entry.

• Risk Assessment: In technology-intensive fields such as pumps for microfluidic devices, risks of IP infringement are common. Analysing patent landscapes helps companies assess risk, develop mitigation strategies, and inform licensing, partnering, and acquisition decisions.

• Legal and Regulatory Compliance: Understanding the patent landscape is critical to ensuring compliance with patent laws and regulations. It helps stakeholders navigate license agreements, avoid infringement lawsuits, and effectively use IP assets in a global marketplace.

Key Questions Answered in the Global Balloon Catheters Patent Landscape Report 

• Who are the key players in the balloon catheter patent landscape?
• How is the patent portfolio distributed geographically?
• What are the emerging trends in balloon catheter patents?
• How has the patent landscape evolved?
• What are the strategic insights for market players and investors?
• What is the technological focus of patents in the balloon catheters industry?
• How do patent strategies impact competitive advantage?
• What are the implications of patent filings in balloon catheters?
• What are the challenges and opportunities in the balloon catheter patent landscape?
• What are the regulatory and legal considerations?
• What technological innovations have recently emerged in balloon catheters?

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