PTA Balloon Catheter Market

The report "PTA Balloon Catheter Market by Type (Polyurethane, Nylon), Application (Coronary Artery Disease, Peripheral Vascular Disease), End User (Hospitals, Ambulatory Surgical Centers), and Geography -Forecast to 2027", size is estimated to be valued at ~USD 1.8 Billion in 2021 and is expected to grow at a CAGR of 7.1%  during the forecast period (2022-2027).

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Market is driven by factors such as expanding geriatric population, rising prevalence of peripheral vascular diseases, coronary artery diseases, diabetes, high tobacco consumption, and the favorable reimbursement scenario. However, the dearth of skilled professionals in the vascular therapy areas and the upcoming alternative therapy options are expected to limit market growth to a certain extent in the coming years.

“The Peripheral vascular disease segment accounted for the largest market share in the PTA Balloon Catheter market, Application, during the forecast period”

The PTA balloon catheter, the PTA balloon catheter market is segmented into peripheral vascular diseases, and coronary artery diseases. In 2021, peripheral vascular disease segment dominated the market with the largest owing to the massive population base, and the high prevalence of vascular diseases.

“Hospital segment accounted for the largest market share”

Based on the end user, the PTA Balloon Catheter Market is segmented into Hospitals, Ambulatory Surgical Centres, and others. The hospital segment held the dominating share in 2021, owing to the high expenditure and advanced infrastructure, high volume cardiac implant and other vascular procedures.

“APAC region accounted for the highest CAGR”

The global PTA Balloon Catheter market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the regional analysis, the North America region is expected to retain a significant market share in 2021 and in the coming years. The Asia Pacific PTA Balloon Catheter market is being fueled by the increase in the cases of vascular diseases, expanding geriatric population, medical tourism, and government initiatives to further strengthen and advance the healthcare and research infrastructure. The major players operating in this market are Bio-Rad Laboratories, Inc. (US), The Native Antigen Company (UK), Microbix Biosystems Inc. (Canada), Creative Diagnostics (US), and Hytest (Finland)

Medtronic plc (Ireland), Tuermo Corporation, Cardinal Health (US), Boston Scientific Corporation (US), Cook Medical (US), Biotronik (Germany), and Abbott Laboratories (US)

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