PTA Balloon Catheter Market Size, Share & Trends Report

PTA Balloon Catheter Market Size, Share & Trends Analysis Report By Material Type (Polyurethane, Nylon), By Application (Peripheral Artery Disease), By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-3-68038-758-2
  • Number of Pages: 85
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the PTA balloon catheter market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for PTA balloon catheter market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of PTA balloon catheter market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

PTA Balloon Catheter Market Categorization:

The PTA balloon catheter market was categorized into four segments, namely material type (Polyurethane, Nylon), application (Peripheral Artery Disease, Coronary Artery Disease), end-use (Hospital, Ambulatory Surgical Centers), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The PTA balloon catheter market was segmented into material type, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The PTA balloon catheter market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; Thailand; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; and Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

PTA balloon catheter market companies & financials:

The PTA balloon catheter market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • AndraTec is a privately owned company that manufactures and sells medical devices and is focused on the development of minimally invasive devices, especially in interventional cardiology. Its product portfolio includes innovative devices such as Exeter Retrieval Devices, Pillow Occluder, Lokum Guide Wires, Pillar Bifurcation Stents, AltoSa XL PTA Balloons, and Optimus XL Stents. The company’s products are being distributed in more than 40 countries.

  • Surmodics, Inc. has expertise in vascular medical devices and is one of the major players providing chemical components of microarrays and in vitro diagnostic tests. The company functions through two major segments: medical devices and in vitro diagnostics. The medical devices segment consists of interventional medical devices, drug-delivery coating technologies, and surface modification coating technologies. Its end users are coronary, peripheral, neurovascular, and urology fields. After the acquisition of NorMedix & Creagh Medical, Surmodics became an innovator company in delivery systems and balloon catheters. Its manufacturing facility is situated in Ballinasloe, Ireland.

  • Biotronik is a privately owned company that majorly manufactures and markets medical devices, products, & services for patients suffering from endovascular and cardiovascular diseases. The company also offers solutions for cardiac rhythm management, vascular intervention, and electrophysiology. It offers products for both patients and healthcare professionals and operates through three business segments: cardiac rhythm management, electrophysiology, and vascular intervention. The cardiac rhythm management business segment comprises innovative technologies and therapies related to the treatment of cardiac arrhythmias. This segment consists of pacemakers, external remote monitoring systems, and implantable defibrillators & leads. The electrophysiology business segment offers state-of-the-art solutions for patients suffering from cardiac arrhythmias. The vascular intervention business segment consists of stents, guidewires, and balloon catheters for treating patients suffering from CVDs. The company operates and markets its products in more than 100 countries.

  • Cook Medical is a division of the Cook Group that designs, distributes, and manufactures devices for minimally invasive surgeries. The company has three verticals-Allied Manufacturing, Cook Medical, and Affiliates. The first few products of the company were catheters, wire guides, and needles. Cook Medical operates across 41 medical specialties, including cardiothoracic surgery, peripheral cardiology, burn surgery, neurosurgery, general surgery, and pediatric cardiology. The company has a global presence and retails products across 135 countries.   

  • Natec Medical is a privately held company engaged in the development and manufacturing of percutaneous interventional medical devices. The company offers angioplasty balloon catheters for urology, gastroenterology, radiology, and interventional cardiology. Its portfolio consists of a wide range of PTA & PTCA balloon catheters and stent delivery systems. It also provides services such as microbiological analysis, ethylene oxide sterilization, and crimping.

  • Boston Scientific Corporation manufactures & markets innovative and technologically advanced medical devices & diagnostic products for medical specialties. The company offers products for both patients and healthcare professionals. It has two business segments for healthcare professionals – medical specialties and healthcare solutions. The company sells cardiac catheters and guidewires under interventional cardiology products. The medical specialties business segment comprises electrophysiology, female pelvic medicine, gynecology, gastrointestinal surgery, interventional cardiology, neurological surgery, orthopedic surgery, interventional radiology, pain medicine, urology, pulmonology, and vascular surgery products. In 2018, the company marketed its products and solutions in approximately 35,000 clinics, hospitals, medical offices, and outpatient facilities in the U.S. In the same year, it invested around USD 1.0 billion in R&D to develop new, technologically advanced products. As of December 2021, the company served 30 million patients in 130 countries.      

  • Cardinal Health is a healthcare products and services company offering medical & pharmaceutical products as well as cost-effective solutions. The company functions through two segments: pharmaceutical and medical. The pharmaceutical business segment offers generic & branded pharmaceuticals, specialty pharmaceuticals, and over-the-counter healthcare products. The medical business segment develops and supplies branded medical, surgical, and laboratory products, including gloves, surgical apparel, & fluid management products. The company also provides personalized solutions for healthcare systems, hospitals, physician offices, ambulatory surgery centers, clinical laboratories, pharmacies, and other healthcare providers globally. Furthermore, it has a global presence in an estimated 46 countries. The company provides services to 23 million patients globally and serves 90% of the hospitals in the U.S.

  • Terumo Corporation manufactures & distributes medical devices and provides healthcare-related services worldwide. Its products are used in medicine, transfusion, cardiothoracic surgery, and interventional procedures. It also offers vascular intervention devices, including guide wires, introducer sheaths, angiographic catheters, and radial artery compression devices. The company’s cardiovascular group manufactures and sells medical devices for cardiac & vascular surgeries with an emphasis on operative monitoring & cardiopulmonary bypass. Terumo operates in three main segments-cardiac & vascular, blood management, and general hospital. The company has operations in 160 countries and a presence in Asia Pacific, MEA, North America, and Europe.     

  • Medtronic is a global health solutions company that develops, manufactures, distributes, and commercializes device-based medical therapies and services. The company operates through four reporting segments: the cardiac and vascular group, minimally invasive therapies; restorative therapies; and the diabetes group. Its cardiac surgery products consist of a highly complex positioning and stabilization system for beating heart surgery. The company has carried forward its innovation in the surgical space, facilitated by robotic and automated technologies. The company’s vascular division offers therapies and products for various known treatments in the vascular space. Some notable products include coronary, peripheral, and vascular stents. It has a well-known presence in more than 150 countries globally. Its products are used mainly in surgical centers, hospitals, and home care & long-term care facilities.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

PTA Balloon Catheter Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

PTA Balloon Catheter Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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