Percutaneous transluminal angioplasty balloons catheter market is estimated to be valued at USD 1.82 Bn in 2024 and is expected to reach USD 3.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
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Percutaneous transluminal angioplasty balloons catheter industry can witness robust growth over the forecast period due to technological advancements such as drug-coated balloons and balloons with higher flexibility. Rising prevalence of cardiovascular diseases along with growing preference for minimally invasive procedures can drive the market growth. Furthermore, increasing healthcare spending especially in emerging economies and rising geriatric population can also drive the market growth in the near future. However, high costs associated with these devices can hamper its widespread adoption.
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