PERCUTANEOUS TRANSLUMINAL ANGIOPLASTY BALLOONS CATHETER MARKET ANALYSIS
Key Takeaways from Analyst
Percutaneous transluminal angioplasty balloons catheter market can witness steady growth over the next five years. Rising prevalence of cardiovascular diseases worldwide can drive the market growth due to expanding patient pool undergoing angioplasty procedures.
Strict regulatory approval process and quality standards mandated by FDA and other regulatory bodies add to the production costs. High price points of technologically advanced drug-coated and cutting balloons can also hamper the market growth.
North America currently dominates the market but Asia Pacific is likely to witness the fastest growth, owing to rapidly developing healthcare infrastructure and growing medical tourism industry in countries like India and China.
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