China Pta Balloon Catheter Market Size & Outlook
China pta balloon catheter market, 2018-2030 (US$M)
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China pta balloon catheter market highlights
- The China pta balloon catheter market generated a revenue of USD 69.7 million in 2023 and is expected to reach USD 135.6 million by 2030.
- The China market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, nylon was the largest revenue generating material type in 2023.
- Polyurethane is the most lucrative material type segment registering the fastest growth during the forecast period.
Pta balloon catheter market data book summary
| Market revenue in 2023 | USD 69.7 million |
| Market revenue in 2030 | USD 135.6 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Nylon |
| Fastest growing segment | Polyurethane |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nylon, Polyurethane, Other Material Type |
| Key market players worldwide | Medtronic PLC, Terumo Corp, Cardinal Health Inc, Boston Scientific Corp, Traeger Inc, BIOTRONIK, Surmodics Inc |
Other key industry trends
- In terms of revenue, China accounted for 2.6% of the global pta balloon catheter market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan pta balloon catheter market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 120.6 million by 2030.
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PTA Balloon Catheter Market Scope
PTA Balloon Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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China pta balloon catheter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pta balloon catheter market will help companies and investors design strategic landscapes.
Nylon was the largest segment with a revenue share of 48.92% in 2023. Horizon Databook has segmented the China pta balloon catheter market based on nylon, polyurethane, other material type covering the revenue growth of each sub-segment from 2018 to 2030.
According to Biomedcentral, 40% deaths are associated with cardiovascular disorders in China. In 2019, around 120.33 million people were suffering from cardiovascular diseases in the country. It also reported that 4.58 million deaths are caused due to cardiovascular diseases and stroke. Furthermore, 1 in every 5 adults in China suffer from cardiovascular diseases, and about 50.0% increase in the number of cases is expected between 2010 & 2030.
Moreover, high prevalence rate of cholesterol, blood pressure, and type 2 diabetes in the country is expected to increase the number of deaths due to cardiovascular diseases by 7.7 million. Therefore, high prevalence of cardiovascular diseases is anticipated to boost the demand for products required in cardiac treatments, which, in turn, is expected to drive market growth over the forecast period.
However, increase in healthcare spending by the China government may create opportunities for many new and major players to enter the market. The BrosMed Medical Co., Kossel Medtech. Ltd., and Zylox Medical are major leading players in the PTA balloon catheter market in China. In addition, the China NMPA approved an innovation for a peripheral drug-eluting PTA balloon catheter manufactured by Zylox Medical in November 2020.
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Our clientele includes a mix of pta balloon catheter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China pta balloon catheter market , including forecasts for subscribers. This country databook contains high-level insights into China pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China pta balloon catheter market size, by material type, 2018-2030 (US$M)
China PTA Balloon Catheter Market Outlook Share, 2023 & 2030 (US$M)
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