Global PTA Balloon Catheter Market
Overview:
Catheter is a flexible, tube instrument which is passed through the channels in the body for withdrawing fluids from the body cavities. These PTA balloon catheters are devices that can be placed in femoral artery or in the radial artery and it is also used for the treatment of constricted blood vessels. PTA stands for percutaneous transluminal angioplasty and these are used for treating vascular lesions.
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Drivers:
Rising incidences of cardiovascular diseases is anticipated to augment growth of the global PTA balloon catheter market, during the forecast period. Rise in the product launches, acquisitions, mergers and regulatory approvals, is expected to propel growth of the global PTA balloon catheter market. For instance, SurModics, Inc. declared that they had acquired Creagh Medical Ltd., in November 2015. This acquisition will transform SurModics business and make them a provider of medical devices in the global market. In this procedure, the inflated balloon is placed in the blood vessel for enlarging the opening. These PTA balloons can be available in various sizes, lengths and shapes, as they depend on the purpose of the treatment.
For instance, BrosMed declared that they had received approval from U.S FDA for their Achilles NC 0.018 OTW PTA, Castor NC 0.014 OTW PTA and Hermes NC 0.035 OTW PTA balloon dilatation catheter used for treating patients suffering with peripheral arterial diseases, in December 2016, BrosMed announced the U.S FDA 510(k) clearance and launch of its Hermes NC 0.035 OTW PTA, Achilles NC 0.018 OTW PTA, and Castor NC 0.014 OTW PTA balloon dilatation catheter for the treatment of patients with peripheral arterial diseases. Furthermore, in April 2019, Becton, Dickinson and Company announced the launch of UltraScore 014 focused force percutaneous transluminal angioplasty (PTA) balloon. The UltraScore balloon is intended to dilate stenoses in the iliac, femoral, ilio-femoral, popliteal, infra-popliteal and renal arteries and for the treatment of obstructive lesions of native or synthetic arteriovenous dialysis fistulae. The FDA has identified some class 1 recalls which are most serious types of recalls. By using these devices may cause the serious injuries or death. For instance, on May 2019, Cook Medical recalled the Advance Enforcer 35 Focal Force PTA balloon catheter due to the balloon bursting below the rated burst pressure.
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Moreover, rising demand for angioplasty surgery and the high potency of PTA balloon catheter are estimated to fuel growth of the global PTA balloon catheter market, during the forecast period. For instance, iVascular declared the launch of Oceanus 14 Pro PTA balloon catheter, in December 2017. This catheter had gained CE mark approval for use in popliteal, for treating obstructive lesions in arteriovenous dialysis fistulae, infrapopliteal arteries and dilate stenoses in femoral.
Key Takeaways:
- The global PTA balloon catheter market is expected to exhibit a CAGR of 6.8% over the forecast period, owing to increasing demand for high potency PTA balloon catheters, rising demand for offering PTA balloon catheter manufacturing, and increasing prevalence of cardiovascular disease.
- The peripheral vascular disease segment, among application in the global PTA balloon catheter market is anticipated to witness robust growth during the forecast period, owing to wide range of peripheral vascular applications. For instance, Surmodics Inc., gained approval from the U.S. FDA, in May 2018, for their Profile percutaneous transluminal angioplasty (PTA) balloon dilation catheter, which can be used for various peripheral vascular applications .
- Key players active in the global PTA balloon catheter market are TriReme Medical, Medtronic, Creagh Medical, Natec Medical, Terumo, TriReme Medical, Boston Scientific, Abbott, Cardinal Health, Biotronik, AndraTec and Terumo.
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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)
- Report Description
- 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
- Market Dynamics
- 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)
- Introduction
- 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)
- Introduction
- 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)
- Introduction
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