Global PTA Balloon Catheter Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031

PTA Balloon Catheter Market Overview

"The PTA Balloon Catheter Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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A PTA balloon catheter is a medical device to open the stomach up to allow the doctor to examine the inside. It is inserted using an endoscope where it can be inflated through a port outside of the stomach. The design of the PTA balloon catheter is relatively simple. This is a device that will determine the size and shape of any potential pulmonary embolism in a patient. The catheter has a surrounding balloon that uses water to be inflated and deflated to create the pressure needed to move through blood vessels and into the lungs.

There are some models of papier-mâché balloons that do not require extra pieces to be used as a stabilizer. The PTA Balloon Catheter is one such model. When a balloon is inflated, a small piece of plastic on the inside of the latex automatically pops outward and serves as a stabilizer for the balloon’s shape. There is no need for an additional piece to hold the balloon in place when it is inflated.

The balloon catheter is a tube that can be inserted through the skin and into the blood vessels. The balloon is inflated with liquid, like saline, to widen the artery and make it easier to insert a long, thin wire down the center of the artery. The wire is used as a guide for a catheter to be pushed through until it reaches the blocked area. Once this is accomplished, then the balloon on the catheter is deflated and removed from the body.

The global PTA balloon catheter market is segregated into material types, indications, end user, and regions. On the basis of material type, the global PTA balloon catheter market is sub-segmented into polyurethane, nylon, and other material types. With respect to indication, the global PTA balloon catheter market is distributed into coronary artery disease, and peripheral vascular disease.

Based on end user, the global PTA balloon catheter market is sub-segmented into hospitals and clinics, ambulatory surgical centers, and other end users. On the basis of region, the global PTA balloon catheter market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Rising prevalence of cardiovascular disorders and peripheral artery disease

Increasing prevalence of cardiovascular disorders and peripheral artery disease is hampering the normal life expectancy of people. Some studies have shown that around 25% of patients seen in hospitals have cardiovascular diseases and peripheral artery disease is very common with this population as well. The major reasons for this increased prevalence is due to a change in lifestyle patterns, lack of physical activity, unhealthy diets, obesity, diabetes, and smoking which is a major risk factor for chronic heart disease.

Increasing geriatric population

According to the World Health Organization, the world's population has increased by more than 20% since 1990. The global population is expected to increase by another 30% within these next three decades. As a result, key players in the pharmaceutical market are investing heavily in research and development to meet the needs of an aging population. The growing geriatric population is expected to boost PTA Balloon catheter market.

Growing number of minimally invasive surgeries

Beginning with the prevention of more invasive surgeries due to rising minimally invasive procedures, this is expected to boost the PTA balloon catheter market. With the development of innovative products such as cannulae, these devices are planned to reduce complications and improve efficiency. Additionally, owing to rising demand for advanced technologies along with the adoption of medical protocols such as transfusion-free surgical approaches, this can also help boost the PTA balloon catheter market growth rate.

Increasing hospitalization with increase in cardiovascular disorders

The market for PTA balloon catheters is steadily growing, with the rise in hospital admission due to cardiovascular disorders. There were more than 1 million hospitalizations for cardiovascular disease in 2011, marking it the second most common diagnosis after respiratory conditions. Prolonged lack of blood flow can lead to heart attacks, strokes and other complications. By inserting a PTA balloon catheter into the blocked artery via angioplasty, doctors are able to widen it and restore proper circulation.

Increase in the number of FDA approvals of the product

Increasing number of FDA approval to the product is boosting PTA Balloon catheter market. This is because the introduction of new products in this market will demand for more clinical trials to be conducted in order to prove the effectiveness and safety profile of these products, which in turn will lead to an increase in revenue for these companies. As a result, it can be said that the increasing number of FDA approvals to the product is boosting PTA Balloon catheter market.

Rising production of PTA balloon catheter

Increasing production of PTA balloon catheter is augmenting the growth of PTA Balloon catheter market. The process of manufacturing Polytetrafluoroethylene (PTFE) which is the main material used in producing PTA balloon catheters is significant, and it has been increasing worldwide. The global demand for PTA balloon catheters has also risen due to the increase in the number of patients undergoing coronary artery bypass grafting (CABG).

Limiting factor for the PTA balloon catheter

However, catheters are associated with the development of vein thrombosis, which may lead to pulmonary embolism and, in some cases, may be fatal. Thrombosis may result in an obstruction of a catheter, including a fibrin sheath around the intraluminal, venous, mural thrombosis at the catheter tip. Patients who undergo cardiac catheterization are at increased risk of developing catheter-associated bloodstream infections as a result of repeated use of catheters.

COVID-19 Impact on Healthcare

Healthcare sector has taken a great deal of the accountability for dealing with COVID-19 patients. At the same time, it's been impacted by difficulties just like other sectors. In these circumstances, the sector has had to constantly advance and find new and improved ways to take care of patients. Changes in patient preferences and behavior geared toward seeking medical care are showing substantial shifts.

Asia Pacific is expected to dominate the global market

The global PTA balloon catheter market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Markets in the Asia Pacific region are expected to account for the largest share owing to the increasing consumer awareness about emerging healthcare developments, rising disposable income, and the presence of untapped opportunities for prominent market players.

Competitive Landscape

• Medtronic plc

• Terumo Corporation

• Cook Medical

• Cardinal Health

• Boston Scientific Corporation

• Biotronik

• Natec Medical

• Andratec

• Surmodics Inc.

• Abbott

• Other Key Players

Report Scope

• Forecast Period: 2022-2031

• Actual Year: 2021

• Historical Data Available for: 2015-2020

Key Segments Covered in Global PTA Balloon Catheter Market by Material Type

• Polyurethane

• Nylon

• Other Material Types

Key Segments Covered in Global PTA Balloon Catheter Market by Indication

• Coronary Artery Disease
• Peripheral Vascular Disease

Key Segments Covered in Global PTA Balloon Catheter Market by End Users

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Other End Users