PTA Balloon Catheter Market by Material Type (Polyurethane, Nylon, and Others), by Application (Coronary Artery Disease and Peripheral Vascular Disease), by End User (Hospitals or Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast 2018 - 2026
- Report code : CMI42815 |
- Industry :
Medical Devices
- Published On : Jul 2019 |
- Pages : 178 Pages |
- Format :
Global PTA Balloon Catheter Market
PTA stands for ‘percutaneous transluminal angioplasty’. PTA balloon catheter has an inflatable ‘balloon’ at its tip, which is used during a minimally invasive catheterization procedure. This procedure is used to enlarge the narrowed vessel opening. The deflated balloon is positioned at the narrowed space and inflated for the short period of time and deflated again to be removed. PTA balloons come in various sizes, lengths, and shapes, depending on the anatomy they are intended to treat. PTA balloon catheters can be used in two ways for the treatment of peripheral vascular lesions. One way is to expand the lumen of an obstructed blood vessel. This method is referred to as the ‘plain-old balloon angioplasty’ (POBA). The second use is for expanding stents for the treatment of vascular blockages.
The global PTA balloon catheter market size was valued at US$ 1,127.7 million in 2017, and is expected to exhibit a CAGR of 6.8% over the forecast period (2018 – 2026).
Figure 1. Global PTA Balloon Catheter Market Value (US$ Mn), by Region, 2018
Source: Coherent Market Insights Analysis (2018)
Increasing prevalence of urological and cardiovascular diseases is expected to propel the PTA balloon catheter market growth
Increasing prevalence of urological and cardiovascular diseases is expected to increase demand for PTA balloon catheters, which in turn is expected to fuel the PTA balloon catheter market growth over the forecast period. The urological diseases include, urinary tract infections, kidney stones, and prostate problems. According to, the American Cancer Society around 174,650 new cases and around 31,620 deaths occurs due to prostate cancer the U.S. in 2019. According to National Institute of Diabetes and Digestive and Kidney Diseases, in 2017, around 11% of men and 6% of women in the U.S. suffered from kidney stone.
Furthermore, according to the World Health Organization, cardiovascular diseases account for most of the non-communicable disease deaths. An estimated 17.9 million deaths were registered from cardiovascular diseases in 2016, representing 31% of the global deaths. Of these deaths, 85% were due to heart attack and stroke. Therefore, increasing prevalence of non-communicable diseases is expected to increase demand for catheters, which in turn is expected to drive growth of the PTA balloon catheter market over the forecast period.
Figure 2. Global PTA Balloon Catheter Market Share (%), by Material Type, 2018 and 2026
Source: Coherent Market Insights Analysis (2018)
Increasing Launch of New Products Is Expected To Boost the PTA Balloon Catheter Market Growth in North America
Major PTA balloon catheter manufacturers are focused on launching new products in North America to enhance their market share. For instance, in February 2016, Nipro North America, a division of Nipro Medical Corporation, announced the launch of Cronus HP high pressure, 0.035” over the wire (OTW) percutaneous transluminal angioplasty (PTA) balloon catheter. Cronus HP is indicated for percutaneous transluminal angioplasty in the femoral, popliteal, iliac, and renal arteries and for the treatment of obstructive lesions in native or synthetic arteriovenous dialysis fistulae.
Moreover, in February 2017, QT Vascular Ltd. signed an exclusive, worldwide distribution agreement with Medtronic to distribute the Chocolate PTA balloon catheter. It is currently available in the U.S. and Europe.
Furthermore, in May 2015, Direct Access Medical announced that it has received the U.S. Food and Drug Administration 510(k) clearance for the full line of FirstChoice ultra high pressure (UHP) percutaneous transluminal angioplasty (PTA) 0.035-inch over the wire balloon catheters.
Key Players
Major players operating in the global PTA balloon catheter market include, Medtronic, Terumo, Cardinal Health, Boston Scientific, AndraTec, Cook Medical, Biotronik, Abbott, Creagh Medical, TriReme Medical, and Natec Medical.
A catheter is a tubular, flexible instrument, passed through body channels for withdrawals of fluid (or introduction of fluids) from body cavity. PTA balloon catheter is an innovative medical device, which is inserted in the femoral artery in the leg or sometimes into the radial artery in the arm for the treatment of constricted blood vessels. The PTA means “percutaneous transluminal angioplasty” (percutaneous means through the skin). As the balloon inflates, the cage causes the balloon to form a series of segmented pillows and grooves along the entire lesion. The pillows apply force to create small dissections that are necessary for effective dilatation. The grooves relieve the stress and stop dissections from propagating. The PTA balloon catheters is used in for the treatment of peripheral vascular lesions. The standard PTA balloon catheter segment has represented the largest share of the total PTA balloon catheter market. However, Boston ScientificÂs exit from the standard PTA balloon catheter space in 2014 reduced the size of the market in that year. The value of the high-pressure PTA balloon catheter market increased sharply in 2014 as Boston Scientific shifted resources from the standard to high-pressure PTA balloon catheter markets.
Market Dynamics
Increasing prevalence of urological and cardiovascular diseases, geographical expansion of PTA balloons catheter manufacturers in North America, and increasing investment in research and development by manufacturers are some of the major factors that are expected to drive the market growth. Furthermore, increasing production of PTA balloon catheter is expected to driving growth of global PTA balloon catheter market. For instance, in April 2015, BrosMed announced CE mark and launched its Minerva percutaneous transluminal angioplasty (PTA) dilation catheter for the treatment of patients with peripheral arterial disease.
Moreover, in April 2018, the Metronic, Inc IN.PACT Admiral Paclitaxel-coated Percutaneous Transluminal Angioplasty (PTA) Balloon Catheter received the U.S. FDA approval. The Medtronic IN.PACT Admiral Paclitaxel-coated Percutaneous Transluminal Angioplasty (PTA) Balloon Catheter (Medtronic DCB) uses a drug-coated balloon to re-open blocked or narrowed arteries in the thigh and knee due to peripheral artery disease (PAD).
Key features of the study:
- This report provides in-depth analysis of the PTA balloon catheter market and provides market size (US$ Mn) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2026), considering 2018 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global PTA balloon catheter market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include, Medtronic, Terumo, Cardinal Health, Boston Scientific, AndraTec, Cook Medical, Biotronik, Abbott, Creagh Medical, TriReme Medical, and Natec Medical
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global PTA balloon catheter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the PTA balloon catheter market
Detailed Segmentation:
- Global PTA balloon catheter Market, By Material Type:
- Polyurethane
- Nylon
- Others
- Global PTA balloon catheter Market, By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- Global PTA balloon catheter Market, By End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
- Global PTA balloon catheter Market, By Region:
- North America
- By Material Type:
- Polyurethane
- Nylon
- Others
- By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- By End User:
- Hospitals or Clinics
- Ambulatory Surgical Centers
- Others
- By Country:
- U.S.
- Canada
- Latin America
- By Material Type:
- Polyurethane
- Nylon
- Others
- By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- By End User:
- Hospitals or Clinics
- Ambulatory Surgical Centers
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Material Type:
- Polyurethane
- Nylon
- Others
- By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- By End User:
- Hospitals or Clinics
- Ambulatory Surgical Centers
- Others
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Material Type:
- Polyurethane
- Nylon
- Others
- By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- By End User:
- Hospitals or Clinics
- Ambulatory Surgical Centers
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Material Type:
- Polyurethane
- Nylon
- Others
- By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- By End User:
- Hospitals or Clinics
- Ambulatory Surgical Centers
- Others
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Material Type:
- Polyurethane
- Nylon
- Others
- By Application:
- Coronary Artery Disease
- Peripheral Vascular Disease
- By End User:
- Hospitals or Clinics
- Ambulatory Surgical Centers
- Others
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Medtronic
- Company Overview
- Material Portfolio
- Financial Performance
- Key Highlights
- Market Strategies
- Terumo
- Cardinal Health
- Boston Scientific
- AndraTec
- Cook Medical
- Biotronik
- Abbott
- Creagh Medical
- TriReme Medical
- Natec Medical
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- PEST Analysis
- Mergers and Acquisitions
- Product Expiration
- Regulatory Scenario
- Pipeline Analysis
- Global PTA Balloon Catheter Market, By Material Type, 2016 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Polyurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Nylon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Global PTA Balloon Catheter Market, By Application, 2016 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Coronary Artery Disease
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Peripheral Vascular Disease
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Global PTA Balloon Catheter Market, By End User, 2016 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospitals or Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Mn)
- Global PTA balloon catheter Market, By Region, 2016 – 2026, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2016 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Material Type, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2026, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Medtronic
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Terumo
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cardinal Health
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Boston Scientific
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- AndraTec
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Cook Medical
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Biotronik
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Abbot
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Creagh Medical
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- TriReme Medical
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Natec Medical
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 32 market data tables and 20 figures on "PTA Balloon Catheter Market - Global forecast to 2026”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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