Report Ocean presents a comprehensive research report on Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheters, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloon Catheters.
The global percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market size was US$ 1.18 billion in 2021. The global percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market is expected to grow to US$ $1.7 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.8% during the study period from 2022 to 2030.
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PTCA, a minimally invasive procedure, is used to open up blocked or constrictive coronary arteries brought on by coronary artery disease (CAD). Without requiring open heart surgery, PTCA balloon catheters allow blood to freely flow from the arteries to the heart muscles. Coronary heart disease is influenced by a number of factors, including smoking, high blood pressure, diabetes, and high blood cholesterol.
COVID-19 Impact Analysis
The COVID-19 pandemic has affected the global percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market, as there was a significant reduction in the frequency of emergency and general visits associated with cardiovascular disorders. Several studies revealed that the demand for elective cardiac, neurology, and urology surgeries for the management of certain chronic diseases decreased due to the social distancing standards, which, in turn, negatively affected the percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market.
Factors Influencing the Market
The ease of use, safety, and affordability of percutaneous transluminal coronary angioplasty balloon catheters are key market drivers. When interventional devices are being administered to the peripheral or coronary circulatory networks, guiding catheters are utilized to demonstrate where they are. The main advantage of PTCA is that it reduces morbidity while eliminating the acute postoperative discomforts related to coronary bypass surgery.
The rise in the population of older people and the prevalence of cardiovascular disease are the two main factors driving the global PTCA balloon catheter market. The elevated risk of cardiovascular issues, which rises with age, is the cause. The market for PTCA balloon catheters is growing as a result of factors such as growing cases of high blood cholesterol, smoking, obesity, high blood pressure, and other factors that increase the chance of developing heart disease.
However, strict regulations may limit the growth of the percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market during the analysis period.
Regional Analysis
Based on Region, North America is forecasted to hold the highest share in the percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market, owing to the growing occurrences of coronary heart disease, rising disposable income, and rising knowledge of heart diseases and associated treatments. Additionally, the growing geriatric population in the region, which is highly susceptible to cardiovascular issues, will contribute to the market growth during the analysis period.
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Competitors in the Market
ALVI MEDICA
ABOTT LABORATORIES
BOSTON SCIENTIFIC CORPORATION
BECTON
DICKINSON & COMPANY
IVASCULAR
RONSTIS
KONINKLIJKE PHILLIPS
MEDTRONIC PLC
BALTON SP ZOO
B.BRAUN MELSUNGEN AG
Other Prominent Players
Market Segmentation
The global percutaneous transluminal coronary angioplasty (PTCA) balloon catheters market segmentation focuses on Product, Delivery Platform, Compliance, Balloon Material, and Region.
By Product
Normal balloon catheter
Drug-eluting balloon catheter
Cutting balloon catheter
Scoring balloon catheter
By Delivery Platform
Rapid Exchange (RX) / Monorail balloon catheter
Over-the-wire (OTW) balloon catheter
By Compliance
Semi-Compliant
Non-Compliant
By Balloon Material
Polyolefin copolymer (POC)
Polyethylene (PE)
Polyethylene terephthalate (PET)
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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