Global Balloon Catheter Market Outlook 2030

  • Product Code:
    RP-ID-10059336
  • Published Date:
    14 Sep 2021
  • Region:
    Global
  • Pages:
    142
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-12

Impact Analysis on the Growth of Market

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The Research Report is Updated with 2020 Base Year, 2021 Estimated year and Forecast till 2030 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2020 as base year, 2021 as estimated year and forecast to 2030. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

The global PTA balloon catheter market size is valued at ~USD 4 billion in 2021 and is expected to grow at a compound annual growth rate of ~12% during the forecast period 2022-2030. The increasing prevalence of cardiovascular disease and peripheral arterial disease, the increase in the elderly population and the increase in the number of minimally invasive surgeries are some of the key factors driving market growth. In the past 30 years, cardiovascular disease has become the leading cause of death worldwide. A sedentary lifestyle is one of the main causes of many chronic diseases (such as diabetes and cardiovascular disease).

Harmful habits such as lack of physical exercise, eating unhealthy food and alcohol, and smoking have led to an increasing prevalence of obesity, which in turn leads to various cardiovascular diseases. Surgical interventions to treat such diseases have increased the demand for balloon catheters for percutaneous transluminal angioplasty (PTA). According to a research article published by NCBI in 2018, more than 200 million people worldwide suffer from peripheral arterial disease (PAD). People with PAD have a higher risk of serious heart disease later in life. With the increase in cardiovascular disease, the increase in hospitalization is expected to increase the use of PTA balloon catheters.

The treatment of PAD mainly includes minimally invasive surgery to remove blocked arteries using catheters. Due to its minimally invasive nature and better results, the demand for traditional surgery for angioplasty continues to increase, which has gained a significant preference among patients. Minimally invasive surgery has led to an increase in the number of catheterization laboratories. Peripheral angioplasty is the most common minimally invasive surgery of choice for PAD patients. These procedures are performed in a cardiovascular catheterization laboratory under local anesthesia.

The paradigm shift from traditional surgery to angioplasty has led to increased sales of catheters, including PTA variants. Due to the use of advanced technology and the market availability of innovative coated PTA balloon catheters, these procedures have a higher adoption rate and are becoming a standard technique in general surgery; however, catheters are often associated with venous thrombosis, which can lead to pulmonary embolism.

Moreover, in some cases, this can be fatal. Thrombosis can lead to catheter blockage, which includes a fibrin sheath that forms a thrombus around the venous lumen of the catheter tip. Due to repeated use of the catheter, patients undergoing cardiac catheterization are at increased risk of catheter-related bloodstream infections.

According to a research article published by NCBI in 2018, some of the main risks associated with cardiac catheterization are myocardial infarction, pseudoaneurysm, arteriovenous fistula, retroperitoneal hematoma/hemorrhage, thrombosis and embolism, and allergic reactions. Therefore, the risks and complications associated with catheters may hinder the growth of the PTA balloon catheter market in the next few years. However, they can be overcome through technological progress.

REGIONAL INFORMATION:

The global PTA balloon catheter market has been divided into North America, Europe, Asia Pacific, Latin America, and MEA by region. North America had the highest revenue share in 2020, at 33%. This can be attributed to factors such as the presence of a large number of PTA balloon catheter manufacturers, suppliers and distributors, the high incidence of cardiovascular diseases, advanced healthcare infrastructure, etc.; and the increased patient awareness of emerging minimally invasive procedures in the region. In addition, the growing preference for minimally invasive surgery, such as minimally invasive coronary artery bypass grafting and minimally invasive cardiothoracic surgery (MICS), is driving the growth of the North American market.

The Asia-Pacific region is expected to achieve the fastest growth during the forecast period, accounting for 22% of revenue by 2030. This growth will be driven by consumer awareness of emerging healthcare developments, increased disposable income, and the existence of opportunity market agents.

The company has the opportunity to focus on areas such as the development of PTA balloon catheters to reduce the risks associated with the catheter. In addition, the rapid improvement of economic conditions in emerging countries such as India and China will also benefit market growth. In addition, the booming medical tourism and medical device market is expected to have a positive impact on the Asia-Pacific market.

MAJOR COMPANIES AND MARKET SHARE PROSPECTS:

The major players operating in the PTA balloon catheter market are Medtronic plc; Terumo; Cardinal Health; Boston Scientific; Natech Medical; and Surmodics, Inc. Market participants are focusing on To strategically acquire local players.

For example, in January 2016, Surmodics acquired NorMedix to strengthen its R&D capabilities and expertise in vascular equipment. Geographical expansion is also regarded as one of the strategic moves chosen by the major players in the PTA balloon catheter market. For example, in October 2017, Medtronic established the Chengdu China Innovation Center to promote the training of local doctors to improve medical efficiency in the central and western regions of China.

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Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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