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The high-pressure balloon catheter market is evolving with a trend towards hybrid devices that integrate drug delivery systems, enhancing treatment for restenosis. Regulatory challenges and stringent approval processes impact innovation, particularly for smaller firms, while favorable reimbursement policies improve accessibility. The market is expected to see significant growth driven by chronic disease prevalence, technological advancements, and increasing healthcare investments, with nylon dominating material use due to its mechanical properties.
In 2024, the medical device manufacturing sector witnessed significant mergers and acquisitions, highlighting ongoing consolidation trends. Notable transactions included Boston Scientific's $3.7 billion acquisition of Axonics and Roche's $295 million deal for LumiraDx's Point of Care technology. Other key players like GE Healthcare and Edwards Lifesciences also expanded their portfolios through strategic acquisitions, enhancing their capabilities in various medical fields.
Merit Medical Systems, Inc.
Companies
| Symbol | MMSI |
| Name | Merit Medical Systems, Inc. |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Health Care Equipment & Services |
| Industry | Health Care Equipment & Supplies |
| Market | NASDAQ Global Select |
| Country | United States |
| State | UT |
| City | South Jordan |
| Zipcode | 84095 |
| Website | http://www.merit.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
high pressure balloon catheter market poised for growth and innovation
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09:27 02.12.2024
medical device industry sees significant mergers and acquisitions in 2024
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