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PTA Balloon Catheters Devices Market Research Report: Information By Material Types (Polyurethane, and Nylon), By Application (Coronary Artery Disease, and Peripheral Vascular Disease) By End User (Hospitals or Clinics, Ambulatory Surgery Centers, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
According to MRFR analysis, the global PTA Balloon Catheters Devices Market is expected to register a CAGR of 7.50 % from 2023 to 2032 and hold a value of over USD 3.7 billion by 2032.
Percutaneous transluminal angioplasty (PTA) is a minimally invasive procedure used to treat arterial stenosis or occlusions. PTA balloon catheters, a vital component of this procedure, are designed to dilate narrowed or blocked blood vessels, restoring blood flow and preventing serious complications. The global PTA balloon catheters devices market has been experiencing steady growth, fueled by the rising prevalence of cardiovascular diseases and a growing aging population.
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Segmentation
The global PTA balloon catheters devices market has been segmented based on material type, application and end user.
Based on the material type, the market is segmented into Polyurethane and Nylon. The nylon segment was attributed to holding the largest market share in 2022 due to the fact that nylon is softer and simpler to remove into the introducer sheath or guiding catheter
Based on application, the global PTA balloon catheters devices market has been segmented into coronary artery disease and Peripheral Vascular Disease. The peripheral vascular disease segment was expected to hold the largest market share in 2022. One of the main causes of peripheral vascular disorders is the aging population’s rapid rise.
Based on end user, the global PTA balloon catheters devices market has been segmented into Hospitals or Clinics, Ambulatory Surgery Centres, and Others. The hospitals segment was expected to hold the largest market share in 2022 due to the expanding patient base and growing desire for surgeries that are more effective.
Key Players
Some of the market key players are Medtronic plc Terumo Corporation, Cardinal Health, Boston Scientific Corporation, Natec, Medical, AndraTec Cook Medical ,Biotroni Abbot Koninklijke, Philips Braun, Melsungen, Becton, Cardionovum GmbH.
Regional Analysis
The global PTA balloon catheters devices market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe PTA balloon catheters devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The PTA balloon catheters devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World PTA balloon catheters devices market comprises of Middle East, Africa, and Latin America.
The largest market share for PTA balloon catheters devices was maintained by the North American regional sector. The balloon device market share reporting was dominated by North America. Sturdy healthcare infrastructure, an emphasis on the creation of new equipment, and better patient diagnostics are all contributing to the expansion of this region. The market in this area is benefiting from a growing elderly population as well as higher health care costs due to the high frequency of cardiovascular diseases and the increasing need for less invasive surgical procedures.
Browse In-depth Market Research Report (128 Pages) on PTA Balloon Catheters Devices: https://www.marketresearchfuture.com/reports/pta-balloon-catheters-devices-market-16131
Moreover, the Europe market has been persistently growing over the forecast period. The demand for PTA balloon catheters devices is driven by The European market is being driven by a number of high-tech products introduced by key manufacturers, government efforts, and the rising prevalence of diabetes. The world’s aging demographics and rising levels of disposable income are also attributed for market’s expansion.
Additionally, this is because the prevalence of cardiovascular disorders is rising, and healthcare costs are rising as well. Additionally, the growing aging populations in nations, along with rising disposable incomes, will help to fuel market expansion in this region. The market in this area will expand as a result of the rise in medical tourism in a number of developing nations.
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