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PTA Balloon Catheter Market Size

Report ID: GMI8568
Published Date: Mar 2024
Report Format: PDF

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PTA Balloon Catheter Market Size

PTA Balloon Catheters Market size was valued at around USD 2.2 billion in 2023 and is expected to reach around USD 4.4 billion by 2032 at a CAGR of 8.1% during the forecast period. The increasing prevalence of urological and cardiovascular diseases coupled with improved diagnostic techniques are attributed to be the primary growth factors propelling the market growth.

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There is a growing burden of cardiovascular complications among survivors of urological cancers, indicating a need for increased awareness and management strategies to address the cardiovascular health of these patients. For instance, urinary tract infections (UTIs), being the most common urological disorder, accounted for 8.6 million ambulatory care visits in the U.S. according to the data reported by Centers for Disease control and Prevalence (CDC).

PTA Balloon Catheter Market Report Attributes
Report Attribute	Details
Base Year:	2023
PTA Balloon Catheter Market Size in 2023:	USD 2.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8.1%
2032 Value Projection:	USD 4.4 Billion
Historical Data for:	2018 - 2023
No. of Pages:	130
Tables, Charts & Figures:	244
Segments covered:	Material Type, Type, Application, End-use and Region
Growth Drivers:	Increasing prevalence of urological and cardiovascular diseases Rising adoption of minimally invasive procedures Growing awareness and improved diagnostic methods
Pitfalls & Challenges:	Availability of alternative treatments Risk and complication associated with catheterization procedures

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Additionally, the CDC reported 695,000 deaths due to heart disease and 375,476 deaths due to coronary arterial disease in the U.S. in 2021. Thus, due to the increased prevalence of such diseases, the demand for PTA balloon catheters is anticipated to rise throughout the analysis period. A PTA (Percutaneous Transluminal Angioplasty) balloon catheter is a medical device used in interventional radiology and cardiology procedures to treat narrowed or blocked blood vessels, typically arteries.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

PTA balloon catheters industry size was USD 2.2 billion in 2023 and is expected to record USD 4.4 billion by 2032 due to the increasing prevalence of urological and cardiovascular diseases coupled with improved diagnostic techniques

The nylon material type segment is anticipated to exceed USD 2.2 billion by 2032, led by advantages like high tensile strength, flexibility, and better balloon inflation properties.

Demand for standard PTA balloon catheters is set to expand at USD 2.9 billion by 2032, owing to higher adoption to address a broad range of arterial blockages across different anatomical locations, including coronary and peripheral arteries.

North America PTA balloon catheter industry size was USD 678.9 million in 2023 and is predicted to witness substantial growth up to 2032, led by the presence of well-developed healthcare infrastructure and reimbursement policies