The term "percutaneous transluminal angioplasty" is abbreviated as PTA. While performing a minimally invasive catheterization operation, a PTA balloon catheter with an inflated balloon at its tip is employed. The deflated balloon is placed in the constricted space, inflated for a brief period of time, and then deflated once more to be removed. Depending on the anatomy they are meant to treat, PTA balloons exist in a variety of sizes, lengths, and forms. For the treatment of peripheral vascular lesions, PTA balloon catheters can be used in two different methods. One approach is to widen the lumen of a blocked blood artery. The phrase "plain-old balloon angioplasty" is used to describe this procedure (POBA). The second application is for expanding stents to treat vascular obstructions.
The market for PTA Balloon Catheters is anticipated to reach US$ 1,556.9 million in 2022 and grow at a CAGR of 7.1% during the following five years (2022-2030).
Market Leaders in the PTA Balloon Catheters Industry:
1. Medtronic Plc.
A medical technology firm called Medtronic Plc develops, produces, distributes, and sells therapies and services that rely on medical devices. It functions through the following divisions: Diabetes Group, Restorative Treatments Group, Minimally Invasive Technologies Group, and Heart and Vascular Group. The Cardiac and Vascular Group section is made up of the divisions for Coronary and Structural Heart, Aortic and Peripheral Vascular, and Cardiac Rhythm and Heart Failure. Surgical Innovations and the Respiratory, Gastrointestinal, and Renal divisions make form the sector known as the Minimally Invasive Technologies Group. Spine, Brain, Specialized Therapies, and Pain Therapies are divisions of the Restorative Therapies Group. The discovery, production, and marketing of goods and services for the control of Type I and Type II diabetes are the primary objectives of the Diabetes Group segment.The company was founded in 1949 and is headquartered in Dublin, Ireland.
2.Terumo Corporation.
A group of medical researchers under the direction of Dr. Kitasato Shibasabur established Terumo Company in 1921 as Red Line Thermometer Corporation to manufacture medical thermometers in Japan. A significant producer of medical equipment and supplies worldwide is Terumo Medical Company. Our goal is to give healthcare practitioners and the patients they serve with the finest solutions we can, and it all begins with creating a positive work environment for our employees. In order to address issues with healthcare, society, and the environment, the Terumo Group has established key sustainability activity themes. The Terumo Group is working to realise a sustainable society and sustainable growth for the Terumo Group, while also paying attention to the opinions of various stakeholders. Terumo to Promote DE&I Further by Designating Priority Areas to Commit Globally.
3. Cardinal Health.
A provider of health services, Cardinal Health focuses on the provision of medications and medical supplies to more than 100,000 sites both domestically and overseas. Cardinal is also a manufacturer of surgical and medical supplies. In order to assist in supplying crucial personnel with personal protective equipment including gloves and masks during the coronavirus epidemic, the business worked with partners in the industry and the US government. The business has recently been the target of hundreds of lawsuits due to its claimed involvement in the national opioid crisis. In 2019, Cardinal made an agreement to give free distribution of medications used to treat overdoses in addition to paying upwards of $5.63 billion in settlement claims in opioid-related cases. Its main office is in Dublin, Ohio.
4. Boston Scientific.
Established in 1979, As a market leader in medical technology for more than 40 years, we contribute to the advancement of science for life by offering a variety of high-performance solutions that cater to unmet patient needs and lower healthcare expenses. The 2023 Handshake Early Talent Award has made Boston Scientific very happy! This award recognises organisations who engage people in the best possible ways and highlights the greatest companies for Gen Z to begin their careers. Its main office is in Marlborough, Massachusetts. Boston Scientific develops solutions that are important to both persons with crippling and life-threatening disorders and the healthcare professionals who provide their care in order to collaborate together to tackle healthcare's most challenging challenges. Care is delivered more efficiently in more than 100 countries by lowering costs and boosting efficiency.
5. Cook Medical.
Since 1963, Cook Medical has collaborated extensively with medical professionals to create technologies that do not require open surgery. A division of Cook Group Inc., Cook Medical Inc. (Cook Medical) is a manufacturer, distributor, and developer of medical equipment for minimally invasive procedures. Catheters, grafts, stents, needles, balloons, feeding tubes, plugs, wire guides, and extractors are some of the company's most popular items. Anesthesiology, bariatrics, cardiothoracic, colorectal, endovascular, general surgery, gynecologic oncology, gynaecology, neurosurgery, peripheral cardiology, plastic surgery, traumatology, urogynecology, and urology are just a few of the speciality areas in which it provides goods and services. The business sells its goods to doctors and hospitals all around the world, both directly and through a network of distributors. The main office of Cook Medical is located in Bloomington, Indiana.
6. Abbott.
At all phases of life, Abbott, a pioneer in global healthcare, enables people to live more fully. The portfolio of game-changing medical innovations includes top companies and goods in diagnostics, medical equipment, nutrition, and branded generic drugs. More than 160 nations are served by the company's 115,000 employees. Abbott Park, Illinois serves as its headquarters. Abbott today announced that the EpicTM Max stented tissue valve manufactured by the firm has been given FDA approval to treat patients with aortic regurgitation or stenosis. With an enhanced design to further increase valve blood flow, this device is the newest addition to Abbott's Epic surgical valve platform, which has a proven history of safety and positive clinical outcomes.
7. Biotronik
Since its founding 60 years ago, BIOTRONIK has placed a high premium on the health of its patients. Millions of people who suffer from heart and blood vessel disorders can be saved and have their lives improved thanks to the products and services offered by BIOTRONIK, a major global provider of medical technology. The company's committed inventors create dependable cardiovascular and endovascular solutions with the goal of flawlessly integrating technology with the human body. With its headquarters in Berlin, Germany, BIOTRONIK has operations in more than a hundred nations.
8. Creagh Medical Ltd.
Creagh Medical Limited creates, produces, and sells medical equipment. The business provides services for extrusion, balloon formation, product assembly, testing, and analysis. Products from Creagh Medical are sold all over the world. The private limited business (Ltd.) CREAGH MEDICAL LTD is based in IDA BUSINESS PARK, Ireland. The company, which has 6 workers, started doing business on October 7, 2009. The status of CREAGH MEDICAL LIMITED is Active. M is the primary business activity of the firm, which is registered with the registration number IE476090. According to the most recent confirmation statements, which were presented on September 30, 2020, CREAGH MEDICAL LIMITED has 80.0 directors.
*Definition: A PTA balloon catheter features an inflatable 'balloon' at its tip, which is utilized during a minimally invasive catheterization treatment.
