Germany Pta Balloon Catheter Market Size & Outlook
Germany pta balloon catheter market, 2018-2030 (US$M)
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Germany pta balloon catheter market highlights
- The Germany pta balloon catheter market generated a revenue of USD 184.1 million in 2023 and is expected to reach USD 320.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.2% 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 184.1 million |
| Market revenue in 2030 | USD 320.7 million |
| Growth rate | 8.2% (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, Germany accounted for 6.9% 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 Europe, Germany pta balloon catheter market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 164.9 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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Germany 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 49.27% in 2023. Horizon Databook has segmented the Germany pta balloon catheter market based on nylon, polyurethane, other material type covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of favorable reimbursement policies in Germany is the primary factor expected to fuel market growth during the forecast period. Germany maintains a stable healthcare system; for instance, according to The Commonwealth Fund, almost 86% of the population in the country is covered under Statutory Health Insurance (Gesetzliche Krankenversicherung/GKV).
Statutory health insurance is being financed by statutory health insurance funds, which is monitored by public law corporations. Under this policy, each insured person receives the necessary medical benefits from statutory health insurance regardless of their income. In addition, private insurance policies are available.
According to the Commonwealth Fund, the sickness funds offer primary coverage to about 88% of the population and private insurance to about 11%. Increasing healthcare expenditure by the government is also anticipated to boost market growth. According to Federal Statistical Office of Germany, in 2020, the healthcare expenditure in the country increased by 31.5%, compared with 2019.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany pta balloon catheter market , including forecasts for subscribers. This country databook contains high-level insights into Germany pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany pta balloon catheter market size, by material type, 2018-2030 (US$M)
Germany PTA Balloon Catheter Market Outlook Share, 2023 & 2030 (US$M)
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