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Global PTCA balloon catheter Market is projected to grow considerably in the forecast period owing to the growing demand for minimally invasive cardiovascular procedures. PTCA (percutaneous transluminal coronary angioplasty) is a minimally invasive medical procedure that unseals clogged coronary arteries with the help of balloon catheter and allows the blood flow smoothly to the heart muscle.
Balloon catheter is a soft inflatable balloon that is used to enlarge a narrow opening or passage for the flow of blood in a body part. PCTA balloon catheter helps to reduce the common complications, allows the operated body to perform normal activities shortly after the procedure and involves less risks in comparison to the general surgery.
The key drivers expected to drive the market include unhealthy change in lifestyle, growing geriatric population and increase in prevalence of cardiovascular disorders. Moreover, rise in disposable income worldwide, lack of physical exercise, technological advancements and rise in demand for PTCA balloon catheter are other driving factors of the market. However, risks associated with PCTA balloon catheters, availability of alternative therapies and reimbursement issues are projected to obstruct the growth of PTCA balloon catheter market.
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High demand for minimally invasive procedures from the emerging nations of Asia Pacific is one of the major trends witnessed by PTCA balloon catheter market. Introduction of technological modernizations for upgrading catheter devices that prevents formation of bio-film is expected to offer lucrative opportunities to PTCA balloon catheter market.
The market is categorized on the basis of type, application and geography. On the basis of type, market is divided into cutting balloon catheter, normal balloon catheter, scoring balloon catheter and drug eluting balloon catheter. Drug eluting balloon segment is anticipated hold larger share of the market since it is safe and offers high rate of restoration.
Based on application, market is bifurcated into ambulatory surgical centers, hospitals and clinics. Hospital segment is expected to lead the market owing to increasing preference of patients for developed healthcare facilities. Geographically, market is segmented as North America, Europe, Asia Pacific and Middle East & Africa. North America is projected to dominate the market owing to the growing geriatric population, rise in incidences of cardiovascular disorders and sophisticated healthcare infrastructure.
The key players in PTCA balloon catheter market are Boston Scientific, Abbott Laboratories, MicroPort Scientific, Medtronic, Terumo, Asahi Intecc, AngioScore, B. Braun Melsungen, Biosensors International, Aachen Resonance, Alvimedica, Acrostak, BIOTRONIK, Arthesys, Atrium Medical, Cordis, Natec Medical, Cook Medical, C.R. Bard, Tokai Medical Products, Goodman, Smiths Medical, Volcano and Lepu Medical.
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