Global PTA Balloon Catheter Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Material Type;

Polyurethane and Nylon.

By Application;

Coronary Artery Disease and Peripheral Vascular Disease.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn231161846 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global PTA Balloon Catheter Market (USD Million), 2020 - 2030

In the year 2023, the Global PTA Balloon Catheter Market was valued at USD 1,599.66 million. The size of this market is expected to increase to USD 2,405.30 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global Percutaneous Transluminal Angioplasty (PTA) balloon catheter market is experiencing significant growth, driven by the increasing prevalence of cardiovascular diseases and advancements in medical technology. PTA balloon catheters are critical tools in the minimally invasive procedure of angioplasty, where they are used to open up narrowed or blocked blood vessels, improving blood flow and reducing the risk of serious cardiovascular events. The rising incidence of conditions such as atherosclerosis, peripheral artery disease, and coronary artery disease is fueling the demand for effective treatment options, thereby propelling the market for PTA balloon catheters.

Technological advancements in the design and functionality of PTA balloon catheters are further enhancing their adoption in clinical practice. Innovations such as drug-coated balloons, which release medication to prevent restenosis (re-narrowing of the artery), and improved balloon materials that offer better flexibility and strength, have significantly improved patient outcomes. Additionally, the development of specialized balloons designed for specific vascular conditions has expanded the range of treatable cases. These technological strides are not only improving the efficacy and safety of angioplasty procedures but also broadening the therapeutic applications of PTA balloon catheters.

PTA balloon catheter market is witnessing robust growth across various regions, with North America leading due to its advanced healthcare infrastructure, high healthcare expenditure, and a large patient population suffering from cardiovascular diseases. Europe follows closely, supported by a strong emphasis on healthcare quality and widespread adoption of advanced medical technologies. The Asia-Pacific region is emerging as a lucrative market, driven by a growing population, increasing healthcare awareness, and rising investments in healthcare infrastructure. As healthcare systems in developing regions continue to improve, the demand for PTA balloon catheters is expected to rise, contributing to the overall expansion of the global market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global PTA Balloon Catheter Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements in Catheter Design
        2. Growing Preference for Minimally Invasive Procedures
        3. Increasing Aging Population Worldwide
        4. Expanding Applications in Interventional Cardiology
      2. Restraints
        1. Limited Reimbursement for Catheter Procedures
        2. High Cost Associated with PTA Balloon Catheters
        3. Potential Risks of Complications during Procedures
        4. Competition from Alternative Treatment Methods
      3. Opportunities
        1. Development of Drug-Coated PTA Balloon Catheters
        2. Partnerships and Collaborations for Product Innovation
        3. Increasing Awareness about Peripheral Artery Diseases
        4. Advancements in Imaging Technologies for Catheter Guidance
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global PTA Balloon Catheter Market, By Material Type, 2020 - 2030 (USD Million)
      1. Polyurethane
      2. Nylon
    2. Global PTA Balloon Catheter Market, By Application, 2020 - 2030 (USD Million)
      1. Coronary Artery Diseas
      2. Peripheral Vascular Disease
    3. Global PTA Balloon Catheter Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Medtronic
      2. Terumo
      3. Cardinal Health
      4. Boston Scientific
      5. AndraTec
      6. Cook Medical
      7. Biotronik
      8. Abbot
  7. Analyst Views
  8. Future Outlook of the Market