Latin America Pta Balloon Catheter Market Size & Outlook
Latin America pta balloon catheter market, 2018-2030 (US$M)
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Latin America pta balloon catheter market highlights
- The Latin America pta balloon catheter market generated a revenue of USD 206.5 million in 2023.
- The market is expected to grow at a CAGR of 8.7% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 206.5 million |
| Market revenue in 2030 | USD 369.6 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Nylon |
| Fastest growing segment | Polyurethane |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 7.8% of the global pta balloon catheter market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 768.3 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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Latin America 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 49.1% in 2023. Horizon Databook has segmented the Latin America pta balloon catheter market based on nylon, polyurethane, other material type covering the revenue growth of each sub-segment from 2018 to 2030.
The PTA balloon catheters market in Latin America is anticipated to witness moderate growth over the forecast period. Increasing incidence of diabetes and cardiovascular diseases in the region are key factors expected to drive market growth over the forecast period. In addition, rise in healthcare expenditure and increase in the number of advanced healthcare facilities in Brazil may positively impact market growth.
Moreover, supportive government regulations to commercialize medical devices in the country are expected to impel market growth. For instance, most of the Latin American countries only require the U.S. FDA or CE mark approval for filing of marketing approvals.
For instance, in November 2017, the ANMAT, Argentina's National Administration of Drugs, Foods, and Medical Devices, approved FOXTROT NC PTCA Balloon Catheter, which was developed in-house by Shanghai MicroPort Medical (Group) Co., Ltd. (MicroPort). Previously, this product had obtained the CE mark and approvals from the U.S. FDA and regulatory agencies in Brazil, Mexico, etc.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America pta balloon catheter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America pta balloon catheter market size, by country, 2018-2030 (US$M)
Latin America PTA Balloon Catheter Market Outlook Share, 2023 & 2030 (US$M)
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