The PTA Balloon Catheter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s PTA Balloon Catheter Global Market Report 2024, The PTA balloon catheter market size has grown rapidly in recent years. It will grow from $2.15 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to patient preference for non-surgical interventions, regulatory approvals and standards, healthcare infrastructure development, physician preference and expertise, rise in diabetes and obesity cases.
The PTA balloon catheter market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to rising cardiovascular disease cases, aging population dynamics, focus on minimally invasive procedures, increasing diabetes and obesity rates, healthcare infrastructure expansion. Major trends in the forecast period include enhanced training and education, shift to value-based healthcare, focus on safety and biocompatibility, robotics and navigation systems, patient-specific treatment.
The increasing prevalence of cardiovascular disorders is expected to propel the PTA balloon catheter market growth going forward. Cardiovascular disorders refer to a term for the conditions affecting the heart or blood vessels. The rise in cardiovascular diseases would require advanced diagnostics and treatments such as PTA balloon catheters, which would increase the demand for the market. For instance, in May 2023, according to the Centers For Disease Control and Prevention, US-based, federal agency under the Department of Health and Human Services, heart disease claimed the lives of approximately 695,000 individuals in 2021 in the United States, representing 1 in every 5 deaths. The economic burden associated with heart disease amounted to about $239.9 billion annually from 2018 to 2019, reflecting the significant impact on both public health and healthcare costs. Therefore, the increasing prevalence of cardiovascular disorders is driving the growth of the PTA balloon catheter market.
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The PTA balloon catheter market covered in this report is segmented –
1) PTA Balloon Catheter Market By Type: Polyurethane, Nylon
2) PTA Balloon Catheter Market By Application: Coronary Artery Disease, Peripheral Vascular Disease
3) PTA Balloon Catheter Market By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Top Major Players
Johnson & Johnson
Medtronic PLC
Siemens Healthineers AG
Stryker Corporation
GE Healthcare ies
3M Company
Major companies operating in the PTA balloon catheter market are focusing on product launches, such as the PTA balloon catheter, to serve as a unique bridge between renal and vascular divisions. A percutaneous transluminal angioplasty (PTA) balloon catheter is a medical device used to open narrowed or blocked blood vessels and improve blood flow by inflating a balloon within the affected area. For instance, in March 2022, Nipro Corporation, a Japan-based medical equipment manufacturing company, launched the Cronus HP PTA balloon catheter. This features robust performance at high pressures, graduated control angioplasty using a single balloon, and enhanced ease of entry across lesions, minimizing balloon dog boning. These attributes contribute to its innovative edge, addressing procedural challenges and potentially improving overall efficacy, positioning it as a valuable tool for vascular surgeons and interventionalists in the competitive PTA balloon catheter market.
The pta balloon catheter market report table of contents includes:
1. Executive Summary
2. PTA Balloon Catheter Market Characteristics
3. PTA Balloon Catheter Market Trends And Strategies
4. PTA Balloon Catheter Market – Macro Economic Scenario
5. Global PTA Balloon Catheter Market Size and Growth
…..
32. Global PTA Balloon Catheter Market Competitive Benchmarking
33. Global PTA Balloon Catheter Market Competitive Dashboard
34. Key Mergers And Acquisitions In The PTA Balloon Catheter Market
35. PTA Balloon Catheter Market Future Outlook and Potential Analysis
36. Appendix
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