Global PTA Balloon Catheter Market Report 2023: Forecast Market Size, Growth Drivers And Key Trends
22 May, 2023
The global PTA balloon catheter market is expected to grow from $1.95 billion in 2022 to $2.15 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The PTA balloon catheter market is expected to reach $3.09 billion in 2027 at a CAGR of 9.4%.
Global PTA Balloon Catheter Market Key Driver
The rising prevalence of cardiovascular diseases is expected to drive the PTA balloon catheter market forward. Cardiovascular disorders are conditions that affect the heart or blood vessels. The rise in cardiovascular diseases would necessitate advanced diagnostics and treatments, such as PTA balloon catheters, increasing market demand. For instance, in October 2022, according to the Center For Disease Control and Prevention, a US-based health organization, one person dies every 34 seconds in the United States from cardiovascular disease, and approximately 69.7k people in the United States died from heart disease in 2020. Therefore, the increasing prevalence of cardiovascular disorders is driving the growth of the PTA balloon catheter market.
Get a sample of the global PTA balloon catheter market reportGlobal PTA Balloon Catheter Market Segments
The global PTA balloon catheter market is segmented:
1) By Type: Polyurethane, Nylon
2) By Application: Coronary Artery Disease, Peripheral Vascular Disease
3) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
4) By Geography: The regions covered in the PTA balloon catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global PTA balloon catheter market.
Major PTA Balloon Catheter Industry Players
Medtronic plc., Terumo Corporation, Cook Medical Inc., Cardinal Health Inc., Boston Scientific Corporation, Biotronik SE & Co. KG, Natec Medical Ltd., Andratec GmbH, Surmodics Inc., Abbott Laboratories, B. Braun Melsungen AG, Becton Dickinson and Co., Cardionovum GmbH., TriReme Medical, Creagh Medical, and Cardionovum GmbH.
Get the full global PTA balloon catheter industry report
PTA Balloon Catheter Market Overview
PTA balloon catheter is a medical procedure used to enlarge a narrowed vessel opening using a small, flexible plastic tube, or catheter, with a "balloon" at the end. This is employed during the minimally invasive catheterization procedure.
PTA Balloon Catheter Global Market Report 2023 provides data on the global PTA balloon catheter market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The PTA balloon catheter market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.