South Africa Pta Balloon Catheter Market Size & Outlook
South Africa pta balloon catheter market, 2018-2030 (US$M)
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South Africa pta balloon catheter market highlights
- The South Africa pta balloon catheter market generated a revenue of USD 27.8 million in 2023 and is expected to reach USD 44.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.9% 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 27.8 million |
| Market revenue in 2030 | USD 44.4 million |
| Growth rate | 6.9% (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, South Africa accounted for 1.0% 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 Middle East & Africa, South Africa pta balloon catheter market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 21.5 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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South Africa 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 49.64% in 2023. Horizon Databook has segmented the South Africa 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 South Africa is anticipated to witness considerable growth over the forecast period. High healthcare expenditure and increase in the number of advanced healthcare facilities are major factors expected to drive market growth. For instance, as per an article published by Economist Intelligence Unit Limited, in 2018, the South African government increased the healthcare expenditure by 9.00% from 2017.
Such instances are expected to create opportunities in the South African market owing to which new and key players are expected to enter the market. In addition, according to a report published by the Heart and Stroke Foundation South Africa, cardiovascular disease is the major reason for deaths and around 215 people die per day due to heart diseases. Cardiovascular diseases account for 18% of the total deaths caused by non-communicable disorders. Thus, such factors are expected to propel market growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa pta balloon catheter market , including forecasts for subscribers. This country databook contains high-level insights into South Africa pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa pta balloon catheter market size, by material type, 2018-2030 (US$M)
South Africa PTA Balloon Catheter Market Outlook Share, 2023 & 2030 (US$M)
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