PTA Balloon Catheter Market Report 2024: Size, Share, Growth, Trends, Forecast 2033

The new report published by The Business Research Company, titled ""PTA Balloon Catheter Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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Advanced Diagnostics And Treatments Drive Demand For PTA Balloon Catheters
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.

PTA Balloon Catheter Market Embraces Innovation As A Key Trend
Product innovations are a key trend gaining popularity in the PTA balloon catheter market. 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.

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

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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

Contents of the report:
1. Executive Summary
2. PTA Balloon Catheter Market Report Structure
3. PTA Balloon Catheter Market Trends And Strategies
4. PTA Balloon Catheter Market - Macro Economic Scenario
5. PTA Balloon Catheter Market Size And Growth
…..
27. PTA Balloon Catheter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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