A minimally invasive treatment called percutaneous transluminal coronary angioplasty (PTCA) is performed to unblock blocked or constricted coronary arteries. The use of a PTCA Balloon to widen a narrowed coronary artery is a successful minimally invasive procedure. An empty balloon is passed into narrow arteries with the use of a wire during the surgery (generally a catheter). The balloon is inflated once it has reached the proper position. This causes stenosis (narrowing) to be displaced from the vessel wall. After the surgery, the balloon is removed.
MARKET SCOPE
The Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market Analysis" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market with detailed market segmentation by type, material, end-user, and geography. The report provides key statistics on the market status of the leading Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of Product, the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market is segmented into:
a. Normal Balloon Catheter
b. Drug-eluting balloon catheter
c. Cutting balloon catheter
d. Scoring balloon catheter
- Based on compliance the market is bifurcated into Semi-Compliant and Non -compliant.
- On the basis of Balloon Material, the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market is bifurcated into Polyolefin copolymer (POC), Polyethylene (PE), Polyethylene terephthalate (PET).
MARKET DYNAMICS
Drivers:
- The number of percutaneous coronary interventions is the primary procedure.
- An increase in the aging population and changes in lifestyle lead to hypertension. Obesity and other risk factors that lead to a vascular disorder
- Technology advancement and reclassification of some catheters from class 3 to class 2 by FDA.
Restraints:
- High cost and post-operative problems associated with angioplasty
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market in these regions.
IMPACT OF COVID-19 ON Percutaneous Transluminal Coronary Angioplasty Balloon Catheters MARKET
COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected the growth of this market worldwide due to the business shutdown, worldwide lockdown, and supply and trade disruptions.
MARKET PLAYERS
The report covers key developments in the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and part partnerships Collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Percutaneous Transluminal Coronary Angioplasty Balloon Catheters Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Laboratories
- B.Braun Malsungen AG
- Biotronik Se and Co.Kg
- Boston Scientific Corporation
- C.R.Bard
- Cardinal Health
- Medtronic
- MicroPort Scientific Corporation
- Terumo Corporation
- Spectranetics Corporation