The global demand for Intra Aortic Balloon Pumps Market is presumed to reach the market size of nearly USD 1025.74 MN by 2028 from USD 455.39 MN in 2021 with a CAGR of 13.3% under the study period 2022 - 2028.
An intra-aortic balloon pump (IABP) is a therapeutic device that aids the heart in pumping more blood to the body parts when it is unable to do so. The pump is made up of a thin, flexible tube known as a catheter. IABP is a long, slender balloon that regulates blood flow via the main blood vessel via the aorta. The IABP is an electromechanical system that uses counterpulsation to inflate and deflate an intra-aortic balloon to support the left ventricle temporarily. Cardiogenic shock is treated with IABP. An IABP may also be used to aid recovery after surgery to reopen or bypass a blocked artery near the heart.
Market Dynamics
The growing adoption of intra-aortic balloon pumps in treating chronic heart illnesses and their usage in cardiogenic shock will provide plenty of lucrative opportunities for the intra-aortic balloon pumps market. The intra-aortic balloon pump market will also benefit from improvements in medical treatment quality, an increase in the number of partnerships, and an increase in healthcare modernization. Medical device manufacturers are focusing on developing catheters and consoles with improved safety and efficacy output to increase their revenue share, driving the intra-aortic balloon pump market. The high cost of IABP, on the other hand, is one of the primary reasons that is anticipated to stifle the market's expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of intra aortic balloon pumps. The growth and trends of intra aortic balloon pumps industry provide a holistic approach to this study.
Market Segmentation
This section of the intra aortic balloon pumps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Intra – Aortic Balloon Pump (Iabp) Console
- Intra – Aortic Balloon Pump (Iabp) Catheters
- Introducer Tray
By Indication
- Coronary Artery Diseases
- Chronic Heart Failure
By End User
- Hospitals
- Ambulatory Surgical Centres
- Independent Catherization Labs
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Intra Aortic Balloon Pumps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Intra Aortic Balloon Pumps Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the intra aortic balloon pumps market include MAQUET Holding B.V. & Co. KG., Zeon Corporation, Tokai Medical Products, Inc., SENKO MEDICAL INSTRUMENT Mfg. CO., Ltd., InterValve Medical Inc., Insightra Medical, Inc. LLC, Getinge AB, Terumo Medical Corporation, W. L. Gore & Associates, Inc., lepumedical.com, Medtronic, Abbott, Boston Scientific Corporation, Edwards Lifesciences Corporation, Johnson & Johnson Services, Inc., Berlin Heart, CardiacAssist, Inc. and ReliantHeart Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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