Percutaneous transluminal coronary angioplasty (PTCA) balloon catheter market expansion is anticipated to be restrained by rising product recalls over the forecast period. For instance, in February 2020, Abbott, a medical device and healthcare company, voluntarily recalled specific lots of two types of its coronary angioplasty catheters (NC Trek RX Coronary Dilatation Catheter and NC Traveler Coronary Dilatation Catheter), as the balloons from the impacted lots may not deflect as intended, and the U.S Food and Drug Administration has classified this as a Class I recall.
The global market for Percutaneous Transluminal Coronary Angioplasty (PTCA) balloon Catheters is projected to reach a value of 2.2 billion United States dollars in 2022 and is anticipated to expand at a compound annual growth rate of 8% over the period of forecast (2022-2030).
Leading Companies in the Percutaneous Transluminal Coronary Angioplasty Balloon Catheter Industry:
1 Cook Group
Cook GroupScientific was founded in 1963 and its Bloomington, Indiana, United States.The company operates in 135 countries.
2. Medtronic Plc
Medtronic Plc founded in 1949, and it’s located Dublin, Ireland. The Company operates in 150 Countries.
3. Dickinson and Company
Dickinson and Company, was launch in 1987 and it’s headquarter located Franklin Lakes, New Jersey, United States.it operate over 50 country and in 2022 Omega Laboratories ("Omega"), a leading provider of laboratory testing solutions, announced the acquisition of Acumium.
4.Abbott Laboratories
Abbott Laboratories was launch in 1888 and it’s headquarter Armonk, New York it operate over 160 country.
5. Koninklijke Philips N.V.
Koninklijke Philips N.V. is founded in 1891, with its headquarters in Amsterdam, Netherlands With businesses in over 100 countries.
6. ENDOCOR GmbH
ENDOCOR GmbH Was launch in 2004. and its headquarter Germany. it operate over 60 country. Endocor is a global company that develops, manufactures and markets a full line of cutting edge coronary and peripheral PCI devices
7. Cardinal Health
Cardinal Health, was launch in 1971 and it’s headquarter located Dublin, Ohio, United States.it operate over 60 country
8. Terumo Corporation
Terumo Corporation was launch in 1921. and its headquarter Shibuya City, Tokyo, Japan. it operate over 160 country.
Definition- PTCA, commonly known as PCI, is a minimally invasive surgery that opens blocked or stenosed coronary arteries to allow blood flow to the myocardium.
