PTA Balloon Catheter Market Size, Share & Trends Analysis Report By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, 2022 - 2030
This report can be delivered to the clients within 3 Business Days
PTA Balloon Catheter Market Growth & Trends
The global PTA balloon catheter market size is expected to reach USD 6.0 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.92% from 2022 to 2030. The increasing incidence of peripheral artery disorder and the rising number of Percutaneous Coronary Intervention (PCI) procedures in developing countries are key factors driving the market.
The adoption of a sedentary lifestyle by most of the population has increased the prevalence rate of various types of cardiovascular diseases worldwide. An increase in the number of cases of cardiovascular diseases across the globe is expected to boost the adoption of various procedures-such as cardiac catheterizations, angioplasty, and Percutaneous Coronary Intervention (PCI)-to treat such conditions, wherein PTA balloon catheters are among the essential requirements.
The COVID-19 pandemic resulted in a decline in the number of patient encounters, leading to a reduction in the demand for surgical procedures, thereby impacting the industry growth. According to Elsevier, the number of coronary angioplasty surgeries was 11.2% in 2020, which is lower than the previously reported data. According to the National Library of Medicine, the U.S. witnessed a 52.7% decline in adult cardiac surgeries in 2020. In the later phase, as the restrictions were lifted in several countries, the volume of cardiac and peripheral surgical procedures increased. This is expected to increase the demand for angioplasty surgical devices such as PTA balloon catheters.
PTA Balloon Catheter Market Report Highlights
PTA Balloon Catheter Market Growth & Trends
The global PTA balloon catheter market size is expected to reach USD 6.0 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.92% from 2022 to 2030. The increasing incidence of peripheral artery disorder and the rising number of Percutaneous Coronary Intervention (PCI) procedures in developing countries are key factors driving the market.
The adoption of a sedentary lifestyle by most of the population has increased the prevalence rate of various types of cardiovascular diseases worldwide. An increase in the number of cases of cardiovascular diseases across the globe is expected to boost the adoption of various procedures-such as cardiac catheterizations, angioplasty, and Percutaneous Coronary Intervention (PCI)-to treat such conditions, wherein PTA balloon catheters are among the essential requirements.
The COVID-19 pandemic resulted in a decline in the number of patient encounters, leading to a reduction in the demand for surgical procedures, thereby impacting the industry growth. According to Elsevier, the number of coronary angioplasty surgeries was 11.2% in 2020, which is lower than the previously reported data. According to the National Library of Medicine, the U.S. witnessed a 52.7% decline in adult cardiac surgeries in 2020. In the later phase, as the restrictions were lifted in several countries, the volume of cardiac and peripheral surgical procedures increased. This is expected to increase the demand for angioplasty surgical devices such as PTA balloon catheters.
PTA Balloon Catheter Market Report Highlights
- North America dominated the market in 2021. This can be attributed to the higher product availability, high demand for surgical procedures, and better awareness in the region
- Asia Pacific is expected to exhibit the fastest growth rate during the forecast period due to government initiatives and increasing incidence of target disorders
- Supportive government regulations to commercialize medical devices in Latin America are expected to impel industry growth. For instance, most Latin American countries only require the U.S. FDA or CE mark approval for filing marketing approvals
- Incorporation of the latest health technologies, partnerships and collaborations, product expansion, and mergers & acquisitions are some of the strategies being adopted by key players to gain a competitive edge in the market. For instance, in February 2022, Boston Scientific Corporation acquired Baylis Medical Company, Inc., a medical device company primarily providing solutions to support catheter-based left heart procedures
- The shortage of cardiac surgeons worldwide is a big concern. Low-income countries are facing this issue more severely. For instance, North Africa has only one surgeon per 1.1 million people. This is resulting in restricting the number of surgeries that could be performed, hindering industry growth
CHAPTER 1 METHODOLOGY AND SCOPE
1.1 Regional Scope
1.2 Estimates and Forecast Timeline
1.3 Research Methodology
1.3.1 Information procurement
1.3.1.1 Purchased database
1.3.1.2 GVR’S internal database
1.3.1.3 Secondary sources
1.3.1.4 Primary research
1.3.1.4.1 Details of the 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
1.6.2 Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective -
1.9.2 Objective -
1.9.3 Objective -
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Outlook
2.2 Regional Outlook
2.3 Competitive Insights
CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE
3.1 Market Dynamics
3.1.1 Market Driver Analysis
3.1.1.1 Increasing prevalence of cardiovascular disorders
3.1.1.2 Rising demand for minimally invasive procedures
3.1.1.3 Fewer substitutes in the market
3.1.2 Market Restraint Analysis
3.1.2.1 Stringent regulatory policies related to the product approval
3.1.2.2 Risk associated with the catheterization procedures
3.2 Business Environment Analysis Tools
3.2.1 Porter’s Five Forces Analysis
3.2.1.1Threat of new entrants
3.2.1.2 Bargaining power of buyers
3.2.1.3 Competitive rivalry
3.2.1.4 Threat of substitutes
3.2.1.5 Bargaining power of suppliers
3.2.2 PESTEL Analysis
3.2.2.1 Political & Legal
3.2.2.2 Economic & Social
3.2.2.3 Technological
3.3 Impact of COVID-19
CHAPTER 4 PTA BALLOON CATHETER MARKET: REGIONAL ANALYSIS
4.1 PTA Balloon Catheter Regional Market Share Analysis, 2021 & 2030
4.2 Regional Market Snapshot (Market Size, CAGR)
4.3 Market Size, & Forecasts, and Trend Analysis, 2017 to 2030
4.3.1 North America
4.3.1.1 North America PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.1.2 U.S.
4.3.1.2.1 U.S. PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.1.3 Canada
4.3.1.3.1 Canada PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2 Europe
4.3.2.1 Europe PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.2 U.K.
4.3.2.2.1 U.K. PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.3 Germany
4.3.2.3.1 Germany PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.4 France
4.3.2.4.1 France PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.5 Italy
4.3.2.5.1 Italy PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.6 Spain
4.3.2.6.1 Spain PTA balloon catheter market, 2017 - 203 (USD Million)
4.3.3 Asia Pacific
4.3.3.1 Asia Pacific PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.2 Japan
4.3.3.2.1 Japan PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.3 China
4.3.3.3.1 China PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.4 India
4.3.3.4.1 India PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.5 Australia
4.3.3.5.1 Australia PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4 Latin America
4.3.4.1 Latin America PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4.2 Brazil
4.3.4.2.1 Brazil PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4.3 Mexico
4.3.4.3.1 Mexico PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4.4 Argentina
4.3.4.4.1 Argentina PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.5 Middle East and Africa
4.3.5.1 MEA PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.5.2 South Africa
4.3.5.2.1 South Africa PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.5.3 Saudi Arabia
4.3.5.3.1 Saudi Arabia PTA balloon catheter market, 2017 - 2030 (USD Million)
CHAPTER 5 COMPETITIVE ANALYSIS
5.1 Recent Developments & Impact Analysis, by Key Market Participants
5.2 Competition Categorization (Key innovators, Market leaders, Emerging players)
5.3 Company Profiles
5.3.1 Medtronic
5.3.1.1 Company overview
5.3.1.2 Financial performance
5.3.1.3 Product benchmarking
5.3.1.4 Strategic initiatives
5.3.2 Terumo Corporation
5.3.2.1 Company overview
5.3.2.2 Financial performance
5.3.2.3 Product benchmarking
5.3.2.4 Strategic initiatives
5.3.3 Cardinal Health
5.3.3.1 Company overview
5.3.3.2 Financial performance
5.3.3.3 Product benchmarking
5.3.3.4 Strategic initiatives
5.3.4 Boston Scientific Corporation
5.3.4.1 Company overview
5.3.4.2 Financial performance
5.3.4.3 Product benchmarking
5.3.4.4 Strategic initiatives
5.3.5 Natec Medical
5.3.5.1 Company overview
5.3.5.2 Product benchmarking
5.3.6 Cook Medical
5.3.6.1 Company overview
5.3.6.2 Product benchmarking
5.3.6.3 Strategic initiatives
5.3.7 Biotronik
5.3.7.1 Company overview
5.3.7.2 Product benchmarking
5.3.7.3 Strategic initiatives
5.3.8 Surmodics, Inc.
5.3.8.1 Company overview
5.3.8.2 Financial performance
5.3.8.3 Product benchmarking
5.3.8.4 Strategic initiatives
5.3.9 AndraTec
5.3.9.1 Company overview
5.3.9.2 Product benchmarking
5.4 Company Market Position Analysis
1.1 Regional Scope
1.2 Estimates and Forecast Timeline
1.3 Research Methodology
1.3.1 Information procurement
1.3.1.1 Purchased database
1.3.1.2 GVR’S internal database
1.3.1.3 Secondary sources
1.3.1.4 Primary research
1.3.1.4.1 Details of the 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
1.6.2 Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective -
1.9.2 Objective -
1.9.3 Objective -
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market Outlook
2.2 Regional Outlook
2.3 Competitive Insights
CHAPTER 3 MARKET VARIABLES, TRENDS & SCOPE
3.1 Market Dynamics
3.1.1 Market Driver Analysis
3.1.1.1 Increasing prevalence of cardiovascular disorders
3.1.1.2 Rising demand for minimally invasive procedures
3.1.1.3 Fewer substitutes in the market
3.1.2 Market Restraint Analysis
3.1.2.1 Stringent regulatory policies related to the product approval
3.1.2.2 Risk associated with the catheterization procedures
3.2 Business Environment Analysis Tools
3.2.1 Porter’s Five Forces Analysis
3.2.1.1Threat of new entrants
3.2.1.2 Bargaining power of buyers
3.2.1.3 Competitive rivalry
3.2.1.4 Threat of substitutes
3.2.1.5 Bargaining power of suppliers
3.2.2 PESTEL Analysis
3.2.2.1 Political & Legal
3.2.2.2 Economic & Social
3.2.2.3 Technological
3.3 Impact of COVID-19
CHAPTER 4 PTA BALLOON CATHETER MARKET: REGIONAL ANALYSIS
4.1 PTA Balloon Catheter Regional Market Share Analysis, 2021 & 2030
4.2 Regional Market Snapshot (Market Size, CAGR)
4.3 Market Size, & Forecasts, and Trend Analysis, 2017 to 2030
4.3.1 North America
4.3.1.1 North America PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.1.2 U.S.
4.3.1.2.1 U.S. PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.1.3 Canada
4.3.1.3.1 Canada PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2 Europe
4.3.2.1 Europe PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.2 U.K.
4.3.2.2.1 U.K. PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.3 Germany
4.3.2.3.1 Germany PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.4 France
4.3.2.4.1 France PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.5 Italy
4.3.2.5.1 Italy PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.2.6 Spain
4.3.2.6.1 Spain PTA balloon catheter market, 2017 - 203 (USD Million)
4.3.3 Asia Pacific
4.3.3.1 Asia Pacific PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.2 Japan
4.3.3.2.1 Japan PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.3 China
4.3.3.3.1 China PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.4 India
4.3.3.4.1 India PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.3.5 Australia
4.3.3.5.1 Australia PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4 Latin America
4.3.4.1 Latin America PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4.2 Brazil
4.3.4.2.1 Brazil PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4.3 Mexico
4.3.4.3.1 Mexico PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.4.4 Argentina
4.3.4.4.1 Argentina PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.5 Middle East and Africa
4.3.5.1 MEA PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.5.2 South Africa
4.3.5.2.1 South Africa PTA balloon catheter market, 2017 - 2030 (USD Million)
4.3.5.3 Saudi Arabia
4.3.5.3.1 Saudi Arabia PTA balloon catheter market, 2017 - 2030 (USD Million)
CHAPTER 5 COMPETITIVE ANALYSIS
5.1 Recent Developments & Impact Analysis, by Key Market Participants
5.2 Competition Categorization (Key innovators, Market leaders, Emerging players)
5.3 Company Profiles
5.3.1 Medtronic
5.3.1.1 Company overview
5.3.1.2 Financial performance
5.3.1.3 Product benchmarking
5.3.1.4 Strategic initiatives
5.3.2 Terumo Corporation
5.3.2.1 Company overview
5.3.2.2 Financial performance
5.3.2.3 Product benchmarking
5.3.2.4 Strategic initiatives
5.3.3 Cardinal Health
5.3.3.1 Company overview
5.3.3.2 Financial performance
5.3.3.3 Product benchmarking
5.3.3.4 Strategic initiatives
5.3.4 Boston Scientific Corporation
5.3.4.1 Company overview
5.3.4.2 Financial performance
5.3.4.3 Product benchmarking
5.3.4.4 Strategic initiatives
5.3.5 Natec Medical
5.3.5.1 Company overview
5.3.5.2 Product benchmarking
5.3.6 Cook Medical
5.3.6.1 Company overview
5.3.6.2 Product benchmarking
5.3.6.3 Strategic initiatives
5.3.7 Biotronik
5.3.7.1 Company overview
5.3.7.2 Product benchmarking
5.3.7.3 Strategic initiatives
5.3.8 Surmodics, Inc.
5.3.8.1 Company overview
5.3.8.2 Financial performance
5.3.8.3 Product benchmarking
5.3.8.4 Strategic initiatives
5.3.9 AndraTec
5.3.9.1 Company overview
5.3.9.2 Product benchmarking
5.4 Company Market Position Analysis
LIST OF TABLES
TABLE 1 PTA Balloon Catheter Market by Region 2017 - 2030 (USD Million)
TABLE 2 North America PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 3 Europe PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 4 Asia Pacific PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 5 Latin America PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 6 South Africa PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 7 List of secondary sources
TABLE 8 List of abbreviations
TABLE 1 PTA Balloon Catheter Market by Region 2017 - 2030 (USD Million)
TABLE 2 North America PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 3 Europe PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 4 Asia Pacific PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 5 Latin America PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 6 South Africa PTA Balloon Catheter Market by Country 2017 - 2030 (USD Million)
TABLE 7 List of secondary sources
TABLE 8 List of abbreviations
LIST OF FIGURES
FIG. 1 Market research process
FIG. 2 Data triangulation techniques
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modeling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market outlook, 2021 (USD Million)
FIG. 9 Market trends & outlook
FIG. 10 Market driver relevance analysis (Current & future impact)
FIG. 11 Market restraint relevance analysis (Current & future impact)
FIG. 12 Regional outlook, (USD Million)
FIG. 13 Regional market place: Key takeaways
FIG. 14 North America PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 15 U.S. PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 16 Canada PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 17 Europe PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 18 U.K. PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 19 Germany PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 20 France PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 21 Italy PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 22 Spain PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 23 Asia Pacific PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 24 Japan PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 25 China PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 26 India PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 27 Australia PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 28 Latin America PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 29 Brazil PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 30 Mexico PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 31 Argentina PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 32 MEA PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 33 South Africa PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 34 Saudi Arabia PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 35 Recent developments & impact analysis, by key market participants
FIG. 36 Company categorization
FIG. 37 Company market position analysis
FIG. 1 Market research process
FIG. 2 Data triangulation techniques
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modeling for market share assessment
FIG. 7 Market formulation & validation
FIG. 8 Market outlook, 2021 (USD Million)
FIG. 9 Market trends & outlook
FIG. 10 Market driver relevance analysis (Current & future impact)
FIG. 11 Market restraint relevance analysis (Current & future impact)
FIG. 12 Regional outlook, (USD Million)
FIG. 13 Regional market place: Key takeaways
FIG. 14 North America PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 15 U.S. PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 16 Canada PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 17 Europe PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 18 U.K. PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 19 Germany PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 20 France PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 21 Italy PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 22 Spain PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 23 Asia Pacific PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 24 Japan PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 25 China PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 26 India PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 27 Australia PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 28 Latin America PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 29 Brazil PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 30 Mexico PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 31 Argentina PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 32 MEA PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 33 South Africa PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 34 Saudi Arabia PTA balloon catheter market, 2017 - 2030 (USD Million)
FIG. 35 Recent developments & impact analysis, by key market participants
FIG. 36 Company categorization
FIG. 37 Company market position analysis
