The rise in the prevalence of cardiovascular diseases and peripheral vascular diseases, adaptation to a sedentary lifestyle, ongoing new product launch, and strategic collaboration, better healthcare facilities are key factors contributing to the high CAGR of the PTA Balloon market during the forecast period.
Market Size – USD 2.28 Billion in 2018, Market Growth – CAGR of 10% Market Trends– Increased healthcare expenditure
According to the current analysis of Reports and Data, the global PTA Balloon Catheter Market valued 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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Further key findings from the report suggest
Key companies operating in the market include:
Medtronic plc; Terumo Corporation; Cardinal Health; Boston Scientific Corporation; Natec Medical; and Surmodics, Inc, Cook Medical, Biotronik, Andratec
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global PTA Balloon Catheter market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the PTA Balloon Catheter industry, the market is segmented into:
End Use Outlook
The regional analysis covers:
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