According to the current analysis of Reports and Data, the global Polyurethane PTA Balloon Catheter Market valued at USD 2.28 billion in 2018 and is expected to reach USD 4.93 billion by the year 2026, at a CAGR of 10%. PTA is known as percutaneous transluminal angioplasty. A Polyurethane PTA Balloon Catheter comprises of an inflatable balloon at its tip used for minimally invasive catheterization procedure; this procedure is performed to enlarge the narrowed vessel opening.
PTA balloon is used in the treatment of coronary artery disease and Peripheral Vascular Disease, WHO had reported 17.9 million people died in 2016 due to cardiovascular diseases. It includes about 31% of all global deaths. Adaptation to Sedentary lifestyle, habits like lack of physical activity, consumption of alcohol, unhealthy food, smoking, and a rise in the prevalence of obesity, are the major factors driving the market of Polyurethane PTA Balloon Catheters. Furthermore, an increase in regulatory approvals, product launches, and mergers and acquisitions are expected to fuel the global Polyurethane PTA Balloon Catheter market in the forecast period. However, alternative therapies and complications associated with serration balloon catheters and upsurge in demand for minimally invasive surgeries are restraining the growth of the market.
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Further key findings from the report suggest
- In the year 2018, the Lutonix DCB catheter was introduced. It was a drug-coated balloon catheter that facilitates the delivery of paclitaxel to the arterial wall with single, short inflation. Paclitaxel is used to treat arterial restenosis. The Lutonix DCB's was found to be a highly effective formulation of paclitaxel it also contains polysorbate and sorbitol that allows Lutonix DCB catheter to deliver a therapeutic dose to the artery wall and also keep the dose as low as possible.
- In the year 2019, Freudenberg Medical, a global developer and manufacturer of finished medical devices, components, and minimally invasive solutions for the medical device industry, had initiated for expanding its services in the manufacturing of medical balloon development and balloon rapid prototyping services.
- The peripheral vascular disease had held a significant share in the PTA catheter balloon market owing to the rise in smoking, diabetes, obesity, high blood pressure, high cholesterol, and is likely to rise with a CAGR of 9.7% in the forecast period.
- PTA catheters mostly are made of Polyurethane, and more than 50% of catheters are made from it as the tubing contains the properties of both rubber and plastic also provide with toughness and tensile strength it is highly biocompatible as it softens at body temperature.
- Ambulatory surgical centers had registered a significant market share for achieving better treatment facilities for patients suffering from coronary artery disease and peripheral vascular disease it is likely to grow with a CAGR of 9.8% in the forecast period.
Top Players in the Global Polyurethane PTA Balloon Catheter Market:
Polyurethane PTA Balloon Catheter include Medtronic plc; Terumo Corporation; Cardinal Health; Boston Scientific Corporation; Natec Medical; and Surmodics, Inc, Cook Medical, Biotronik, Andratec
The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma healthcare industry revenue growth over the recent past.
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Polyurethane PTA Balloon Catheter Market Segmentation:
Types Outlook (Revenue in Million USD; 2016–2026)
- Polyurethane
- Nylon
- Others
Applications Outlook (Revenue in Million USD; 2017–2024
- Coronary Artery Disease
- Peripheral Vascular Disease
End-Use Outlook (Revenue in Million USD; 2017–2024)
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Global Polyurethane PTA Balloon Catheter Market Report: Regional Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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