SEATTLE, Sept. 14, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global PTA balloon catheter market is estimated to be valued at US$ 1,556.0 million in 2022 and is expected to exhibit a CAGR of 7.1% during the forecast period (2022-2030).
Key Trends and Analysis of the Global PTA Balloon Catheter Market:
Increasing number of inorganic strategies such as product launch by the market players is expected to drive growth of the global PTA balloon catheter market over the forecast period. For instance, in June 2021, Cardiovascular Systems, Inc., a medical device company developing and commercializing innovative interventional treatment systems for patients with peripheral and coronary artery disease, announced the launch of full line of OrbusNeich JADE percutaneous transluminal angioplasty (PTA) over-the-wire (OTW) balloon catheters in the U.S. JADE is an (over-the-wire) OTW balloon catheter for PTA in the peripheral vasculature, including obstructed native arteries and synthetic arteriovenous dialysis fistulae, as well as for post-dilatation of balloon expandable and self-expanding stents.
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Key Market Takeaways:
- Global PTA balloon catheter market is expected to exhibit a CAGR of 7.1% during the forecast period due to increasing prevalence of cardiovascular disease. For instance, according to the Centers for Disease Control and Prevention, in the U.S., around 659,000 people die from heart disease each year and 18.2 million adults age 20 and older had coronary artery disease (CAD) in 2019.
- Among Material type, Polyurethane segment held a dominant position in the global PTA balloon catheter market, due to properties of polyurethane such as toughness, thinner lumen walls, and larger internal diameter
- Among region, North America is expected to dominate growth of the global PTA balloon catheter market over the forecast period, owing to increasing product launches with by key market players in the U.S. For instance, on March 30, 2022, Nipro Medical Corporation, a manufacturer and supplier of renal, vascular, and medical-surgical products, launched a second-gen Cronus HP PTA Balloon Catheter to the U.S. Cronus HP is a high pressure (HP) percutaneous transluminal angioplasty (PTA) balloon catheter indicated for use in popliteal, femoral, iliac, and renal arteries and in the treatment of arteriovenous fistulas (AVF).
- Key players operating in the global PTA balloon catheter market include Medtronic, Terumo, Cardinal Health, Boston Scientific, AndraTec, Cook Medical, Biotronik, Abbott, Creagh Medical, TriReme Medical, Natec Medical, Surmodics, Inc, B. Braun Melsungen AG, Becton Dickinson and Co, and Acotec Scientific Co Ltd.
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Detailed Segmentation:
Global PTA Balloon Catheter Market, By Material Type:
- Polyurethane
- Nylon
Global PTA Balloon Catheter Market, By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
Global PTA Balloon Catheter Market, By End User:
- Hospitals
- Ambulatory Surgery Centers
- Others(Specialist Clinics)
Global PTA Balloon Catheter Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- Europe
- By Country:
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- By Country:
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
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Find related trending report below:
Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheter Market, by Product Type (Normal Balloon Catheter, Drug Eluting Balloon Catheter, Cutting Balloon Catheter, and Scoring Balloon Catheter), by Balloon Material (Polyolefin copolymer (POC), Polyethylene (PE), and Polyethylene terephthalate (PET)), by End User (Hospitals and Ambulatory Surgical Centers) by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
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