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PTA Balloon Catheter Market Trends, Top Companies, Share, Growth And Forecast 2032
PTA Balloon Catheter Market
The Business Research Company's PTA Balloon Catheter Global Market Report 2023 identifies the increasing prevalence of cardiovascular disorders as the major driver for the PTA balloon catheter market's growth in the forecast period. 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.
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 market size of global PTA balloon catheter market is expected to reach $3.09 billion in 2027 at a CAGR of 9.4%.
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Major competitors in the PTA balloon catheter market are Medtronic plc., Terumo Corporation, Cook Medical Inc., Cardinal Health Inc., Boston Scientific Corporation, Biotronik SE & Co. KG, Natec Medical Ltd.
A key trend in the PTA balloon catheter market includes product innovations. Major companies operating in the PTA balloon catheter market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2021, Medtronic, an Ireland-based company that provides medical devices, launched a chameleon PTA balloon catheter. The device's unique features include a particular aperture close to the balloon, which allows the administration of diagnostic fluids (such as contrast medium) or therapeutic fluids to the treatment site. This device combines the capabilities of a conventional diagnostic catheter with a high-pressure PTA balloon, allowing for simultaneous angioplasty and injection, less volume utilization, and shorter treatment and fluoroscopy times while maintaining full guidewire access.
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https://www.thebusinessresearchcompany.com/report/pta-balloon-catheter-global-market-report
The PTA balloon catheter market is segmented -
• By Type: Polyurethane, Nylon
• By Application: Coronary Artery Disease, Peripheral Vascular Disease
• By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the PTA balloon catheter market.
The Business Research Company's "Global PTA Balloon Catheter Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The PTA Balloon Catheter Market Include:
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. PTA Balloon Catheter Market Size And Growth
……
26. Africa PTA Balloon Catheter Market
27. PTA Balloon Catheter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The PTA Balloon Catheter Market
29. PTA Balloon Catheter Market Future Outlook and Potential Analysis
30. Appendix
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