Market revenue in 2023 | USD 88.0 million |
Market revenue in 2030 | USD 164.9 million |
Growth rate | 9.4% (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 |
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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 49.66% in 2023. Horizon Databook has segmented the UK 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 the UK is anticipated to witness moderate growth during the forecast period. According to the British Heart Foundation, coronary artery disease is the leading cause of death in the UK each year. Moreover, around 160,000 people in the country die from heart disease each year, with an average of 460 deaths per day or 1 person every 3 minutes.
Moreover, certain major factors contributing to the increasing incidence and prevalence of cardiovascular diseases in the UK are high cholesterol levels (more than half the adults in the country have high cholesterol) and exposure to sedentary lifestyles. Thus, such factors are expected to boost market growth.
However, increase in healthcare spending by the UK government compared to previous years may encourage many new and major players to enter the market. For instance, according to the Office for National Statistics, in 2020, the government’s healthcare spending in the country accounted for about 67.3% for long-term care, increasing by 13% in nominal rate and 7.6% in real terms due to funding for healthcare providers during the COVID-19 pandemic.
Horizon Databook provides a detailed overview of country-level data and insights on the UK pta balloon catheter market , including forecasts for subscribers. This country databook contains high-level insights into UK pta balloon catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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