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
The global PTA balloon catheter market 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). The market is driven by factors such as rapid growth in the geriatric population and the subsequent increase in the prevalence f peripheral vascular diseases and coronary artery diseases, favorable reimbursement scenarios for peripheral vascular and coronary artery procedures, increased number of product approvals, increase the prevalence of diabetes, the rising rate of tobacco consumption, and growth in the incidences of obesity. On the other hand, a rise in the availability of alternative treatments, and a dearth of skilled professionals wth expertise in peripheral vascular devices, are expected to limit market growth to a certain extent in the coming years.
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The hospital end-user segment accounted for the largest market share in the PTA balloon catheter market, during the forecast period
Based on the end user, the PTA balloon catheter market is segmented into hospitals, ambulatory surgery centers (ASCs); and other end users. In 2021, hospitals accounted for the largest share of the PTA balloon catheter market. The large share of this segment can be attributed to the increasing prevalence of CVD, the growing number of patient visits to hospitals for diagnosis, the increasing number of cardiac implant procedures, and the availability of reimbursement for these procedures across developed markets.
“Peripheral vascular disease application segment accounted for the largest market share”
Based on the application of the PTA balloon catheter, the PTA balloon catheter market is segmented into peripheral vascular diseases and coronary artery diseases. The peripheral vascular disease segment accounted for the largest market share in 2021. The rapid growth in the geriatric population is one of the major factors driving the peripheral vascular diseases application segment. Globally, it is estimated that more than 200 million people are suffering from peripheral vascular diseases (Source: National Center for Biotechnology Information (NCBI), 2021). Furthermore, according to the American College of Cardiology 2020, peripheral arterial disease (PAD) affects 8.5 million individuals in the US, and the prevalence of these diseases rises with age and is greater than 20% in the patient population aged above 80 years.
“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 Asia-Pacific region is likely to retain a significant market share in 2021 and the future. The APAC PTA balloon catheter market is projected to grow at the highest growth rate during the forecast period, primarily due to the rising geriatric population, increasing awareness among surgeons about the benefits of minimally invasive surgeries, and the rising patient population base for target diseases in several APAC countries. Considering the growth opportunities in this region, several market players are focusing on expanding their presence in the APAC countries. The Asia Pacific has become a tourism hub for medical procedures. Low infrastructure and treatment costs, alongside the availability of highly educated physicians, have driven medical tourists to the APAC countries. This is a major factor aiding the growth of the PTA balloon catheters market in the Asia Pacific.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level - 27%, D-level - 18%, and Others - 55%
- By Region: North America - 51%, Europe - 21%, Asia Pacific - 18%, Latin America – 6% , and the Middle East & Africa – 4%
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Lits of Companies Profiled in the Report:
- Medtronic
- Tuermo Corporation
- Cardinal Health
- Boston Scientific Corporation
- Cook Medical
- Biotronik
- Abbott
- Becton Dickinson and Co
- B. Braun SE
- Natec Medical
- Surmodics Inc.
- Andratec
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY
1.2.2 MARKETS COVERED
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 RESEARCH APPROACH
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Key industry insights
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 ASSUMPTIONS FOR THE STUDY
2.6 GROWTH RATE ASSUMPTIONS
2.7 LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.2.5 TRENDS
5.3 TECHNOLOGY ANALYSIS
5.4 VALUE CHAIN ANALYSIS
5.5 SUPPLY CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
5.7 PORTER’S FIVE FORCES ANALYSIS
6 GLOBAL PTA BALLOON CATHETER MARKET, BY MATERIAL TYPE (USD MILLION)
6.1 INTRODUCTION
6.2 POLYURETHANE
6.3 NYLON
6.4 OTHERS IF ANY
7 GLOBAL PTA BALLOON CATHETER MARKET, BY APPLICATION (USD MILLIONS)
7.1 INTRODUCTION
7.2 CORONARY ARTERY DISEASE
7.3 PERIPHERAL VASCULAR DISEASE
8 GLOBAL PTA BALLOON CATHETER MARKET, BY PRODUCT TYPE (USD MILLION)
8.1 INTRODUCTION
8.2 STANDARD AND HIGH-PRESSURE PTA BALLOON CATHETER
8.3 SPECIALTY PTA BALLOON
9 GLOBAL PTA BALLOON CATHETER MARKET, BY END USER (USD MILLION)
9.1 INTRODUCTION
9.2 HOSPITALS
9.3 AMBULATORY SURGICAL CENTERS
9.4 OTHERS IF ANY
10 GLOBAL PTA BALLOON CATHETER MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.3 EUROPE
10.3.1 GERMANY
10.3.2 UK
10.3.3 FRANCE
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.2 JAPAN
10.4.3 INDIA
10.4.4 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.6 MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS
11.4 MARKET SHARE ANALYSIS
11.5 COMPANY EVALUATION QUADRANT
11.6 COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES (2020)
11.7 COMPETITIVE BENCHMARKING
11.8 COMPETITIVE SCENARIO
12 COMPANY PROFILES
12.1 KEY PLAYERS
(Business Overview, Products and Services Offered, Recent Developments, MnM View, Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats)*
12.1.1 MEDTRONIC
12.1.2 TUERMO CORPORATION
12.1.3 CARDINAL HEALTH
12.1.4 BOSTON SCIENTIFIC CORPORATION
12.1.5 COOK MEDICAL
12.1.6 BIOTRONIK
12.1.7 ABBOTT
12.1.8 BECTON DICKINSON AND CO
12.1.9 B. BRAUN SE
12.1.10 NATEC MEDICAL
12.1.11 SURMODICS INC.
12.1.12 ANDRATEC
*Details on Business Overview, Products and Services Offered, Recent Developments, MnM View, Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INDUSTRY INSIGHTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
Growth opportunities and latent adjacency in PTA Balloon Catheter Market