PTA Balloon Catheter Market had Largest Share in North America

The PTA balloon catheter market generated a value of USD 2231.6 million in 2022, it is predicted to reach USD 4591.2 million by 2030, exhibiting a compound annual growth rate of 9.4% in the years to come.

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Cardiovascular disease is a significant health concern, with smoking being one of the leading reasons of this condition. In Germany, in which smoking rates have reached alarming levels, the impact of CVDs is high.

The chemicals in cigarette smoke causes infection and swelling of blood vessel cells. There is an increased risk of numerous CVDs, even in who smoke less than 5 cigarettes a day. 

With the rise in CVDs, the demand for PTA balloon catheters, a key device in minimally invasive surgical methods, is on the rise.

This advanced approach offers numerous benefits such as smaller scars, quicker recoveries, making it a preferred choice for routine operations.

The demand for PTA balloon catheters in hospitals is surging due to the escalating occurrence of cardiovascular illnesses and the acceptance of numerous reimbursement programs and scientific health insurance policies.

The availability of professionals, a burgeoning patient pool, and the growth of cardiac hospitals and medical tourism drives the industry. With hospitals increasingly opting for minimally invasive methods, the adoption of PTA balloon catheters is expected to continue their growth.

In 2022, peripheral vascular disease held a larger share of more than 60%. There are between 45 million and 50 million Americans suffering from this condition. 

More than 20% of the people suffering are more than the age of 80, the ill effects of which are on the rise with age. It primarily is a result of atherosclerotic disease that causes reduction in blood flow of organs.

North America PTA balloon catheter market holds the largest share, approx. 35%, Cardiovascular illnesses have been a main reason of death in the U.S., with obesity being a major factor. 

The high healthcare expenditure and efforts to fight cardiovascular ailments have led the adoption of minimally invasive surgeries, leading to increased demand for PTA balloon catheters. 

By embracing these procedures for routine operations, American hospitals can prevent a lot of complications yearly and keep as much as USD 350 million every year.

APAC will grow the fastest in the years to come. Stressful lifestyles, insufficient sleep, lack of workout, and poor diet contribute to the rising incidence of cardiovascular ailments in the countries like China and India. 

It is because of the growing consumption of tobacco all over the world, the requirement for PTA balloon catheter will keep on increasing by the end of this decade.