Market Overview:
The global external counter pulsation device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in external counter pulsation devices, and rising demand for minimally invasive treatments. Based on type, the adult external counter pulsation device segment is expected to account for the largest share of the global external counter pulsation device market in 2018. This segment is also projected to grow at a CAGR of 5.8% from 2018 to 2030. Factors such as increasing prevalence of cardiovascular diseases and growing demand for minimally invasive treatments are contributing to the growth of this segment. Based on application, hospitals are expected to account for the largest share of the global external counter pulsation device market in 2018 followed by clinics. The hospital segment is also projected grow at a CAGR 6% from2018-2030 while that fo clinics will grow at a rate og 4%.
Product Definition:
An external counterpulsation (ECP) device is a medical device that helps improve blood circulation. It consists of an inflatable cuff that wraps around the lower part of the leg. When inflated, the cuff squeezes the leg and forces blood to flow from the ankle up to the heart.
Adult External Counter Pulsation Device:
External counter pulsation device is a new technology that has been used in dentistry for about 5 years. It’s main function is to deliver anesthesia during root canal procedures. The technique was developed by an anesthesiologist, Dr. Richard Wolf and a dentist, Dr.
Children External Counter Pulsation Device:
The external counter pulsation device is used for the treatment of children with refractory epilepsy. It’s also used in cases where seizures are not controlled by medication and other therapies. The device works on the principle of changing the blood flow around the brain to prevent or reduce seizures.
Application Insights:
Based on the application, the global external counter pulsation device market is segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017 due to a high prevalence of cardiovascular diseases and rising number of surgeries. According to WHO, around 1 billion people suffer from heart disease globally which accounts for around 30% of all deaths caused by Cardiovascular Diseases (CVDs). In addition, as per estimates by ILCA Global Health Data Exchange 2015-2016 over 300 million surgical procedures are performed every year to treat CVDs worldwide. Therefore an increase in demand for ECPD devices at hospitals is expected to drive growth during the forecast period.
The Clinic segment is anticipated register significant growth during the forecast period owing to increasing awareness about cardiovascular diseases coupled with rising disposable income levels among consumers across developing countries such as China and India.
Regional Analysis:
North America dominated the global external counter pulsation device market in 2017. The increasing prevalence of cardiac disorders, growing geriatric population, and rising awareness about ECPs are some of the major factors responsible for this dominance. Moreover, favorable reimbursement policies for medical treatments provided through clinics and hospitals may also be attributed to its large share. In addition to this, a high number of product launches by key players such as Medtronic; St. Jude Medical; Biotronik; Boston Scientific Corporation; Carestream Health Inc.
Growth Factors:
- Increasing incidence of cardiovascular diseases: The global prevalence of cardiovascular diseases is increasing at an alarming rate. This is primarily due to the changing lifestyle and dietary habits of people across the world. As a result, there is an increased demand for external counter pulsation devices as they are effective in treating various cardiovascular conditions.
- Growing awareness about the benefits of external counter pulsation therapy: There is a growing awareness among people about the benefits of external counter pulsation therapy for treating various heart conditions. This has led to an increase in demand for these devices worldwide.
- Technological advancements: The technology used in external counter pulsation devices continues to evolve, with newer and more advanced models being launched into the market every year. This has helped boost sales and popularity of these devices among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
External Counter Pulsation Device Market Research Report
By Type
Adult External Counter Pulsation Device, Children External Counter Pulsation Device
By Application
Hospital, Clinic
By Companies
VasoMedical, Cardiomedics, Jarvik Heart Inc, Medtronic, St. Jude Medical, Inc, ReliantHeart, Inc, Biotronik SE & Co., KG, VSK, Applied Cardiac Systems Inc. (ACS), Renew, Scottcare Corporation, International Companies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global External Counter Pulsation Device Market Report Segments:
The global External Counter Pulsation Device market is segmented on the basis of:
Types
Adult External Counter Pulsation Device, Children External Counter Pulsation Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- VasoMedical
- Cardiomedics
- Jarvik Heart Inc
- Medtronic
- St. Jude Medical, Inc
- ReliantHeart, Inc
- Biotronik SE & Co., KG
- VSK
- Applied Cardiac Systems Inc. (ACS)
- Renew
- Scottcare Corporation
- International Companies
Highlights of The External Counter Pulsation Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adult External Counter Pulsation Device
- Children External Counter Pulsation Device
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the External Counter Pulsation Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
External counter pulsation device (ECP) is a medical device that helps to reduce the size and number of blood clots in the veins. ECPs are inserted into a vein in the arm or leg and use an electric current to break up blood clots.
Some of the key players operating in the external counter pulsation device market are VasoMedical, Cardiomedics, Jarvik Heart Inc, Medtronic, St. Jude Medical, Inc, ReliantHeart, Inc, Biotronik SE & Co., KG, VSK, Applied Cardiac Systems Inc. (ACS), Renew, Scottcare Corporation, International Companies.
The external counter pulsation device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 External Counter Pulsation Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 External Counter Pulsation Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 External Counter Pulsation Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the External Counter Pulsation Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global External Counter Pulsation Device Market Size & Forecast, 2020-2028
4.5.1 External Counter Pulsation Device Market Size and Y-o-Y Growth
4.5.2 External Counter Pulsation Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adult External Counter Pulsation Device
5.2.2 Children External Counter Pulsation Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global External Counter Pulsation Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 External Counter Pulsation Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adult External Counter Pulsation Device
9.6.2 Children External Counter Pulsation Device
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adult External Counter Pulsation Device
10.6.2 Children External Counter Pulsation Device
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adult External Counter Pulsation Device
11.6.2 Children External Counter Pulsation Device
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adult External Counter Pulsation Device
12.6.2 Children External Counter Pulsation Device
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adult External Counter Pulsation Device
13.6.2 Children External Counter Pulsation Device
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 External Counter Pulsation Device Market: Competitive Dashboard
14.2 Global External Counter Pulsation Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 VasoMedical
14.3.2 Cardiomedics
14.3.3 Jarvik Heart Inc
14.3.4 Medtronic
14.3.5 St. Jude Medical, Inc
14.3.6 ReliantHeart, Inc
14.3.7 Biotronik SE & Co., KG
14.3.8 VSK
14.3.9 Applied Cardiac Systems Inc. (ACS)
14.3.10 Renew
14.3.11 Scottcare Corporation
14.3.12 International Companies
