Global PTCA Balloon Catheter Market Outlook 2018-2023

The global PTCA balloon catheter market is expected to higher growth rate over the next five years. The PTCA balloon catheter market is subject to witness a substantial growth due to the favorable laws & regulation by local governments, increasing approval rate by international authorities, growing rate of commercialization of healthcare services, and increasing coronary & peripheral interventions. 

Increasing demand for minimally invasive procedure over expensive stent placements procedures are anticipated to boost market demand for PTCA balloon catheter over the forecast period. Globally, the PTCA balloon catheter market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the PTCA balloon catheter market.

Recent technological advancement in healthcare sector coupled with development of innovative technologies such as 3D imaging technology are expected to fuel market expansion in the upcoming years. In addition, increasing patient pool and rising healthcare expenditure in both developed and developing economies across the globe are expected to pave a way for future of PTCA balloon catheter market. 

Increasing disposable income and growing awareness regarding cost efficient products are expected to offer lucrative growth opportunities for industry participants over the next five years. Introduction of advanced technologies in the angioplasty involving drug-eluting and cutting balloons is one of the major factor contributing factor for market growth, in the recent years. Moreover, lower failure rate of PTCA balloon catheter techniques over the traditional procedures is projected to expand overall market reach. 

Rising geriatric population and changing lifestyle coupled with recent technological advances in healthcare sector are major contributing factor in the growth of PTCA balloon catheter market. Growing prevalence of cardiovascular disorders is predicted to foster the market growth over the next seven years. However, availability of multiple substitute therapies and growing concerns related to health hazards associated with PTCA balloon catheters are expected restrain market growth to a certain extent.

The PTCA balloon catheter market is broadly categorized into six major segments based on the product type such as balloon angioplasty catheters, guiding catheters, guidewires, inflation devices, introducers/sheath, and vascular access site closure devices. The balloon angioplasty catheters is considered as one of the fastest growing segment in the PTCA balloon catheter market with substantial revenue generation in the last few years. 

The PTCA balloon catheter market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in medicine & pharmaceutical industry, higher approval rate from local government authorities such as FDA, and existence of well-established healthcare infrastructure. 

Asia-Pacific region is predicted to hold major market share in the PTCA balloon catheter market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing healthcare expenditure, favorable government initiatives & policies, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the PTCA balloon catheter market are Abbott Laboratories, Inc., B. Braun Melsungen AG, BIOTRONIK SE & Co., KG, Boston Scientific Co., C. R. Bard, Inc., Cardinal Health, Inc., Medtronic plc, MicroPort Scientific Co., Terumo Co., and The Spectranetics Co.

Global PTCA balloon catheter market is anticipated to grow at a CAGR of 4.8% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of type (PTCA balloons, drug eluting balloons, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the PTCA Balloon Catheter market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the PTCA Balloon Catheter market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the PTCA Balloon Catheter market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global PTCA Balloon Catheter market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global PTCA Balloon Catheter market.

Key Types
- PTCA Balloons
- Drug Eluting Balloons

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global PTCA Balloon Catheter market?
- What are the challenges to market growth?
- Who are the key players in the PTCA Balloon Catheter market?
- What are the market opportunities and threats faced by the key players?