Persistence Market Research is released new forthcoming report on title "PTCA Balloon Catheter Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 12/09/2014 -- Percutaneous transluminal coronary angioplasty (PTCA) refers to the minimally invasive procedure for opening blocked or narrowed coronary arteries caused by coronary arteries disease (CAD). PTCA balloon catheter helps to allow arteries blood flow to the heart muscle without open heart surgery. Some of the causes of coronary heart disease are smoking, high blood pressure, diabetes and high level of cholesterol in the blood. Some of the symptoms of coronary heart disease are chest pain, sweating, difficulty in breathing, dyspnea and excessive fatigue. Rise in aging populations, technological advancement and new product innovations are some of the main factors that are driving the PTCA balloon catheter market. On the basis of application, PTCA balloon catheter market can be segmented into normal balloon catheter, drug eluting balloon catheter, cutting balloon catheter and scoring balloon catheter. On the basis of product, PTCA balloon catheter market can be segmented into balloon angioplasty catheters, guiding catheters, guidewires, inflation devices, introducers/sheaths and vascular access site closure devices. PTCA balloon catheter is simple in use, safe and relatively low cost procedure. Guiding Catheters used to indicate the delivery of interventional devices to peripheral or coronary vascular systems. The main advantage of PTCA is the avoidance of immediate post-operative discomforts associated with coronary bypass surgery and it also helps in the reduction of morbidity by use of this procedure.
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North America, followed by Europe, has the largest market for PTCA balloon catheter due to developed healthcare infrastructure, government initiatives, rise in cardiac disorders and increasing healthcare expenditure in this region. Asia is expected to experience high growth rate in the PTCA balloon catheter market in next few years due to increasing incidence of coronary heart diseases, growing disposable income, rise in awareness about heart diseases and its treatment and developing healthcare infrastructure in the region.
Growing aging population, rise in demand for minimally invasive surgery, government initiatives, increasing prevalence of cardiovascular disorders and rise in demand for PTCA balloon are expected to drive the market for PTCA balloon catheter. In addition, technological advancement, rise in incidence of peripheral vascular diseases, lack of physical activities and unhealthy diet are expected to drive the market for PTCA balloon catheter. However, reimbursement issues and availability of alternative therapies such as tissue transplantation, bypass surgery and medicines are some of the major factors restraining the growth for global PTCA balloon catheter market.
Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in PTCA balloon catheter market in Asia. In addition, innovations along with technological advancement, continues rise in incidence of heart diseases and increasing demand for PTCA balloon are expected to offer new opportunities for global PTCA balloon catheter market. Increasing number of mergers and acquisitions, rise in the number of collaborations and partnerships, patient preference for minimally invasive procedure and new product launches are some of the latest trends that have been observed in global PTCA balloon catheter market. Some of the major companies operating in the global PTCA balloon catheter market are Medtronic, B. Braun Melsungen AG, Abbott Vascular, Boston Scientific, Goodman and Cordis. In addition, some other companies operating in global PTCA balloon catheter market are MicroPort Scientific Corp., Terumo Medical Corp., Biosensors International Ltd., Simeks Medical and AngioScore Inc.
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Key points covered in the report:
1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.
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