According to the current analysis of Reports and Data, the globalPTA Balloon Catheter Marketvalued at USD 2.28 billion in 2018 and is expected to reach USD 4.93 billion by the year 2026, at a CAGR of 10%. PTA is known as percutaneous transluminal angioplasty. A PTA balloon catheter comprises of an inflatable balloon at its tip used for minimally invasive catheterization procedure; this procedure is performed to enlarge the narrowed vessel opening.
PTA balloon is used in the treatment of coronary artery disease and Peripheral Vascular Disease, WHO had reported 17.9 million people died in 2016 due to cardiovascular diseases. It includes about 31% of all global deaths. Adaptation to Sedentary lifestyle, habits like lack of physical activity, consumption of alcohol, unhealthy food, smoking, and a rise in the prevalence of obesity, are the major factors driving the market of PTA balloon catheters. Furthermore, an increase in regulatory approvals, product launches, and mergers and acquisitions are expected to fuel the global PTA balloon catheter market in the forecast period. However, alternative therapies and complications associated with serration balloon catheters and upsurge in demand for minimally invasive surgeries are restraining the growth of the market.
Asia pacific has registered a significant market share in the PTA Balloon market due to high prevalence of cardiovascular disorders due to unhealthy food, habits, consumption of alcohol smoking, also rise in the incidence of obesity and presence of sophisticated healthcare infrastructure, and increase in patient awareness about emerging minimally invasive surgeries in are likely to fuel the market of PTA Balloon Catheter.
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Market Overview:
The global PTA Balloon Catheter market has significantly grown over the recent past and is expected to register rapid growth over the forecast period. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global PTA Balloon Catheter market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
Competitive Outlook of theGlobal PTA Balloon Catheter Market
The globla PTA Balloon Catheter market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the PTA Balloon Catheter market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Medtronic plc; Terumo Corporation; Cardinal Health; Boston Scientific Corporation; Natec Medical; and Surmodics, Inc, Cook Medical, Biotronik, Andratec
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
PTA Balloon Catheter Market Segmentation:
Types Outlook (Revenue in Million USD; 20162026)
- Polyurethane
- Nylon
- Others
Applications Outlook(Revenue in Million USD; 20172026
- Coronary Artery Disease
- Peripheral Vascular Disease
End Use Outlook(Revenue in Million USD; 20172026)
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Geographic Segment Covered in the Report:
The PTA Balloon Catheter report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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