Global PTA Balloon Catheter Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

PTA balloon catheter is a medical procedure that is intended to enlarge a narrowed vessel opening using a small, flexible plastic tube, or catheter, with a ""balloon"" at the end of it. This is used during the minimally invasive catheterization procedure.

Sizing and Forecast
The PTA balloon catheter market size has grown rapidly in recent years. It will grow from $2.15 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%.  The growth in the historic period can be attributed to patient preference for non-surgical interventions, regulatory approvals and standards, healthcare infrastructure development, physician preference and expertise, rise in diabetes and obesity cases.

The PTA balloon catheter market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%.  The growth in the forecast period can be attributed to rising cardiovascular disease cases, aging population dynamics, focus on minimally invasive procedures, increasing diabetes and obesity rates, healthcare infrastructure expansion. Major trends in the forecast period include enhanced training and education, shift to value-based healthcare, focus on safety and biocompatibility, robotics and navigation systems, patient-specific treatment.

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Segmentation & Regional Insights
The PTA balloon catheter market covered in this report 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

North America was the largest region in the PTA balloon catheter market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pta balloon catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing prevalence of cardiovascular disorders is expected to propel the PTA balloon catheter market growth going forward. Cardiovascular disorders refer to a term for the conditions affecting the heart or blood vessels. The rise in cardiovascular diseases would require advanced diagnostics and treatments such as PTA balloon catheters, which would increase the demand for the market. For instance, in May 2023, according to the Centers For Disease Control and Prevention, US-based, federal agency under the Department of Health and Human Services,  heart disease claimed the lives of approximately 695,000 individuals in 2021 in the United States, representing 1 in every 5 deaths. The economic burden associated with heart disease amounted to about $239.9 billion annually from 2018 to 2019, reflecting the significant impact on both public health and healthcare costs. Therefore, the increasing prevalence of cardiovascular disorders is driving the growth of the PTA balloon catheter market.

Key Industry Players
Major companies operating in the PTA balloon catheter market report are Cardinal Health Inc., Abbott Laboratories, Medtronic plc., Koninklijke Philips NV, Becton Dickinson and Co, Stryker Iberia, SL, Boston Scientific Corporation, Lepu Medical Technology (Beijing) Co, Ltd, B. Braun Melsungen AG, Terumo Corporation, Nipro Medical Corporation, Coloplast A/S, Teleflex Incorporated, Hellman & Friedman LLC, Cook Medical Inc., Biotronik SE & Co KG, Smiths Medical, Merit Medical, Microport Scientific Corporation, Shockwave Medical Inc, Cardiovascular Systems Inc, Well Lead Medical Co, Ltd, Cardionovum GmbH., Surmodics Inc., Summit Medical Group Ltd., JOTEC GmbH, BACTIGUARD AB, Creagh Medical Limited, Natec Medical Ltd., TriReme Medical, Inc. Andratec GmbH, Acotec Scientific Holdings Ltd, Kaneka Corp

The pta balloon catheter market report table of contents includes:
1. Executive Summary

2. PTA Balloon Catheter Market Characteristics

3. PTA Balloon Catheter Market Trends And Strategies

4. PTA Balloon Catheter Market - Macro Economic Scenario

5. Global PTA Balloon Catheter Market Size and Growth

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32. Global PTA Balloon Catheter Market Competitive Benchmarking

33. Global PTA Balloon Catheter Market Competitive Dashboard

34. Key Mergers And Acquisitions In The PTA Balloon Catheter Market

35. PTA Balloon Catheter Market Future Outlook and Potential Analysis

36. Appendix

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