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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