The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s PTA balloon catheter market report forecasts the PTA balloon catheter market size to grow to $3.09 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The PTA Balloon Catheter Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pta-balloon-catheter-global-market-report

PTA Balloon Catheter Market Size Forecast
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 PTA balloon catheter market is expected to reach $3.09 billion in 2027 at a CAGR of 9.4%.

North America held the largest PTA balloon catheter market share, and Asia-Pacific was the fastest-growing region in 2022.

Key PTA Balloon Catheter Market Driver ­– Increase In The Prevalence Of Cardiovascular Disorders
For instance, in October 2022, according to the Center For Disease Control and Prevention, a US-based health organization, one person dies every 34 seconds in the United States from cardiovascular disease, and approximately 69.7k people in the United States died from heart disease in 2020. Therefore, the increasing prevalence of cardiovascular disorders is driving the growth of the PTA balloon catheter market.

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Key PTA Balloon Catheter Market Trend – 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.

PTA Balloon Catheter Market Segment
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

PTA Balloon Catheter Market Major Players and Strategies
Major players 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., Andratec GmbH, Surmodics Inc., Abbott Laboratories, B. Braun Melsungen AG, Becton Dickinson and Co., Cardionovum GmbH., TriReme Medical, Creagh Medical, and Cardionovum GmbH.

In July 2021, Surmodics, Inc., a US-based medical device company, acquired Vetex Medical for $39.9 million. This acquisition would allow Surmodics to accelerate its thrombectomy platform development for future treatment of pulmonary embolism. This acquisition also expand the company’s portfolio and it would position the company with two FDA-approved mechanical thrombectomy devices to treat arterial and venous vasculature. Vetex Medical is Iran-based company involved in developing innovative, effective, and efficient catheters and solutions for the removal of venous thromboembolism.

The PTA Balloon Catheter Global Market Report 2023 covers regional data on PTA balloon catheter market size, PTA balloon catheter market trends and drivers, opportunities, strategies, and PTA balloon catheter market competitor analysis. The countries covered in the PTA balloon catheter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

View More Reports Related To The PTA Balloon Catheter Market –
Catheters Global Market Report 2023
Peripheral Vascular Devices And Equipment Global Market Report 2023
Vascular Stent Global Market Report 2023

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