What is the current size and annual growth rate of the pta balloon catheter market?
The PTA balloon catheter market size has grown rapidly in recent years. It will grow from $2.33 billion in 2024 to $2.58 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. 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 $3.91 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. 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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How has the pta balloon catheter market evolved, and what factors have shaped its 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 a report by The Indiana Department of Health (IDOH), a US-based website, Out of an estimated 250,000 central line-associated bloodstream infections (CLABSIs) that occur annually in U.S. hospitals, approximately 80,000 are reported in intensive care units (ICUs). Therefore, the increasing prevalence of cardiovascular disorders is driving the growth of the PTA balloon catheter market.
What are the major segments of the pta balloon catheter market?
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
Subsegments:
1) By Polyurethane: Non-compliant Balloons, Compliant Balloons
2) By Nylon: Non-compliant Balloons, Compliant Balloons
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Which companies dominate the pta balloon catheter market?
Major companies operating in the PTA balloon catheter market include Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Lepu Medical, B. Braun Corporation, Terumo, Nipro Medical, Teleflex, Cook Medical, Biotronik, Merit Medical, Microport Scientific, Cardiovascular Systems, Well Lead Medical, Cardionovum, Surmodics, JOTEC, Creagh Medical, Natec Medical, TriReme Medical, Andratec, Acotec Scientific, Kaneka Corporation
How will evolving trends contribute to the growth of the pta balloon catheter market?
Major companies operating in the PTA balloon catheter market are focusing on innovative products, such as infusion systems, to enhance patient outcomes and improve procedural efficiency. Infusion systems are medical devices designed to administer fluids, medications, or nutrients intravenously to patients. They ensure precise control over the dosage and flow rate, enhancing treatment effectiveness and patient safety. For instance, in April 2022, Terumo Corporation, a Japan-based medical device company, launched Terumo Medical Care Solutions (TMCS). Terumo Medical Care Solutions signifies a pivotal advancement in Terumo’s mission to contribute positively to society through healthcare. By focusing on creating quality time for both healthcare providers and patients, TMCS aims to address contemporary challenges in medical care while enhancing overall patient experiences. This initiative not only reflects Terumo’s century-long legacy in medical technology but also positions it strategically for future growth in an increasingly complex healthcare environment.
What are the key regional dynamics of the pta balloon catheter market, and which region leads in market share?
The countries covered in the PTA balloon catheter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The PTA Balloon Catheter Market Report 2025 Offer?
The pta balloon catheter market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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