- The key vendors in the global PTCA balloon catheter market 2015-2019 are Abbott Laboratories, Boston Scientific Corp., Medtronic plc, and Terumo Corp.
London, 1 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global PTCA balloon catheter market 2015-2019. The rise in demand for minimally invasive procedures is a key trend observed in this market. Advantages of minimally invasive procedures include shorter recovery time, low risk of infection, cost-effectiveness, reduced scars, less physical trauma, minimized bleeding, and shorter hospital stays. The global PTCA balloon catheter market is expected to grow at a CAGR of 3.48% during the forecast period of 2014-2019.
Factors such as high incidence of cardiovascular diseases (CVDs) and coronary heart diseases (CHDs), advances in technology, and an increase in the number of diabetic, elderly, and obese people are responsible for propelling growth in this market. Also, factors such as changing lifestyle of the people, high demand for minimally invasive procedures, and the launch of pipeline percutaneous transluminal coronary angioplasty (PTCA) balloon catheters boost growth prospects in the global PTCA balloon catheter market.
“Hybrid procedures help to eliminate plaque entirely from the blood vessels and offer qualitative results to patients. Both bypass surgery and stenting are performed at the same time, rather than as separate operations, which helps to save time,” says Faisal Ghaus, Vice President of Technavio Research.
“Hybrid procedure is an innovative approach that combines minimally invasive coronary artery bypass surgery with catheter-based coronary intervention, i.e., PTCA or stenting, to cure double or triple-vessel coronary artery diseases.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
