The global PTA Balloon Catheter market size is expected to reach USD 5.1 billion by 2026, according to a new report by Grand View Research, Inc., registering a 10.1% CAGR over the forecast period. Expanding geriatric population base, increasing prevalence of cardiovascular diseases, presence of multi-national catheter manufacturers in regions like U.S., Europe, and Japan, and improving medical facilities are some of the key factors propelling the market.
Peripheral Vascular Disease (PVD) is a chronic disease in which plaque builds up in the blood vessels, thereby reducing blood flow to the organs and limbs. Angioplasty is the most common surgical method used for the treatment of peripheral vascular disease. The surgical process involves use of percutaneous transluminal angioplasty (PTA) balloon catheters, which widen the affected artery so as to facilitate and restore normal blood flow.
A study published in the PubMed Central (PMC) journal in 2018 states that more than 200 million people suffer from peripheral vascular disease across the globe, with the geriatric population being at the highest risk. According to the World Health Organization (WHO), the global aging population will rise from 12% in 2015 to 22% by 2050. Growing geriatric population is, therefore, anticipated to be a key factor boosting market growth. Studies suggest that obesity, kidney failure, diabetes, high triglycerides or cholesterol, high blood pressure, and smoking increase the risk for PVD. This is anticipated to increase the number of PVD-related surgeries, thereby propelling demand for PTA Balloon Catheter Market.
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Rising number of medical device manufacturers is expected to fuel market growth. In addition, awareness about PTA Balloon Catheter among the population has in turn boosted the demand for its use. Increasing investments in R&D activities by manufacturers of medical devices and government funding is expected to drive the market. However, the major obstacle in the market is risk of infection associated with the use of PTA Balloon Catheter.
Further key findings from the report suggest:
- Expanding geriatric population base, growing prevalence of peripheral vascular disease, and rise in preference for minimally invasive surgeries is propelling demand for PTA Balloon Catheter Market
- High prevalence of cardiovascular diseases in North America, coupled with increasing preference for minimally invasive surgeries among patients has enabled the region to emerge as the dominant regional segment in 2018
- Asia Pacific is anticipated to register the fastest CAGR of 10.9% over the forecast period. Presence of a large patient pool, high unmet needs with regard to minimally invasive techniques, and rapid economic development are some of the major factors contributing to market growth
- Some of the players operating in the market for PTA Balloon Catheter are Cardinal Health; Boston Scientific Corporation; Surmodics Inc.; Terumo Corporation; and Medtronic.
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Key Topics Covered
Table of Content
Chapter 1 Methodology And Scope
1.1 Market Segmentation & Scope
1.1.1 Regional Scope
1.1.2 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Gvr’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.2 Volume Price Analysis (Model 2)
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10.1 Objective – 1: Understanding The Market Dynamics
1.10.2 Objective – 2: Understanding The Market Estimates And Forecasts
1.10.3 Objective – 3: Understanding The Sttributes Such As Strategy Framework And
188.8.131.52 Competitor Categorization
1.10.4 Objective – 4: Understanding The Key Services And Application Scopes To Conclude
184.108.40.206 On The Market Size
Chapter 2 Executive Summary
2.1 Market Outlook
Chapter 3 PTA Balloon Catheter Market: Variables, Trends, & Scope
3.1 Market Driver Analysis
3.1.1 Increasing Prevalence of Cardiovascular Disorders
3.1.2 Growing Frequency of Minimally Invasive Procedures
3.2 Market Restraint Analysis
3.2.1 Risks And Complications Associated With Catheters
3.3 Porter’s Five Forces Analysis
3.4 Pestel Analysis
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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