Mexico Pta Balloon Catheter Market Size & Outlook
Mexico pta balloon catheter market, 2018-2030 (US$M)
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Mexico pta balloon catheter market highlights
- The Mexico pta balloon catheter market generated a revenue of USD 66.5 million in 2023 and is expected to reach USD 131.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.2% 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 66.5 million |
| Market revenue in 2030 | USD 131.6 million |
| Growth rate | 10.2% (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, Mexico accounted for 2.5% 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 Latin America, Mexico pta balloon catheter market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 49.1 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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Mexico 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 48.72% in 2023. Horizon Databook has segmented the Mexico 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 Mexico is anticipated to witness low growth over the forecast period. Declining healthcare expenditure by the government and lack of well-established healthcare facilities in the country are major factors expected to impede market growth. According to a report published by WHO, the healthcare expenditure was around 5.43 % of the GDP in 2019, whereas it was 5.55 % in 2016.
Such reduction in healthcare expenditure often restricts many new and key players to enter the market. Moreover, shortage of skilled professionals and low awareness about the treatment of cardiovascular diseases are factors likely to impede market growth.
Furthermore, majority of patients prefer to receive treatment outside the country due to shortage of well-established hospitals and clinics in the country. Only a few cities in Mexico such as Monterrey, Guadalajara, and Mexico City offer advanced healthcare facilities. Hence, the Mexican market is expected to witness low growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico pta balloon catheter market , including forecasts for subscribers. This country databook contains high-level insights into Mexico pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico pta balloon catheter market size, by material type, 2018-2030 (US$M)
Mexico PTA Balloon Catheter Market Outlook Share, 2023 & 2030 (US$M)
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