The global PTA Balloon Catheter Market size is expected to reach USD 4.63 billion by 2030, registering a CAGR of 8.32% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing incidence of peripheral artery disorder and the rising number of Percutaneous Coronary Intervention (PCI) procedures in developing countries are key factors driving the market.
The
adoption of a sedentary lifestyle by most of the population has increased the
prevalence rate of various types of cardiovascular diseases worldwide. An
increase in the number of cases of cardiovascular diseases across the globe is
expected to boost the adoption of various procedures-such as cardiac
catheterizations, angioplasty, and Percutaneous Coronary Intervention (PCI)-to
treat such conditions, wherein PTA balloon catheters are among the essential
requirements.
The
COVID-19 pandemic resulted in a decline in the number of patient encounters,
leading to a reduction in the demand for surgical procedures, thereby impacting
the industry growth. According to Elsevier, the number of coronary angioplasty
surgeries was 11.2% in 2020, which is lower than the previously reported data.
According to the National Library of Medicine, the U.S. witnessed a 52.7%
decline in adult cardiac surgeries in 2020. In the later phase, as the
restrictions were lifted in several countries, the volume of cardiac and
peripheral surgical procedures increased. This is expected to increase the
demand for angioplasty surgical devices such as PTA balloon catheters.
List
of Key Players in PTA Balloon Catheter Market
- Medtronic
- Tuermo
Corporation
- Cardinal
Health
- Boston
Scientific Corporation.
- Natec Medical
- Cook Medical
- Biotronik
- Surmodics,
Inc.
- Andratec
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report summary: PTA Balloon Catheter Market Report
PTA
Balloon Catheter Market Report Highlights
- North America
market dominated with a share of 47.95% in 2023. This can be attributed to
the higher product availability, high demand for surgical procedures, and
better awareness in the region
- Asia Pacific
is expected to exhibit the fastest growth rate during the forecast period
due to government initiatives and increasing incidence of target disorders
- Supportive
government regulations to commercialize medical devices in Latin America
are expected to impel industry growth. For instance, most Latin American
countries only require the U.S. FDA or CE mark approval for filing
marketing approvals
- Incorporation
of the latest health technologies, partnerships and collaborations,
product expansion, and mergers & acquisitions are some of the
strategies being adopted by key players to gain a competitive edge in the
market. For instance, in February 2022, Boston Scientific Corporation
acquired Baylis Medical Company, Inc., a medical device company primarily
providing solutions to support catheter-based left heart procedures
- The shortage
of cardiac surgeons worldwide is a big concern. Low-income countries are
facing this issue more severely. For instance, North Africa has only one
surgeon per 1.1 million people. This is resulting in restricting the
number of surgeries that could be performed, hindering industry growth
Related Press Release@ PTA
Balloon Catheter Material Industry Analysis
PTA Balloon Catheter Market
Report Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 2.87 billion |
|
Revenue forecast in 2030 |
USD 4.63 billion |
|
Growth Rate |
CAGR of 8.32% from 2024 to 2030 |
|
Actual data |
2018 - 2023 |
|
Forecast period |
2024 - 2030 |
PTA
Balloon Catheter Market Segmentation
Grand
View Research has segmented the global PTA balloon catheter market on the basis
of on material type, application, end-use, and region:
PTA
Balloon Catheter Material Type Outlook (Revenue, USD Million, 2018 - 2030)
- Polyurethane
- Nylon
- Others
PTA
Balloon Catheter Application Outlook (Revenue, USD Million, 2018 - 2030)
- Peripheral
Artery Disease
- Coronary
Artery Disease
PTA
Balloon Catheter End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospital
- Ambulatory
Surgical Centers
- Others
PTA
Balloon Catheter Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Argentina
- Middle East
& Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
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