Market Overview:
The global intra-aortic balloon pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in intra-aortic balloon pumps, and rising demand for minimally invasive surgeries. Based on type, the global intra-aortic balloon pump market is segmented into fiber optic type and ordinary type. The fiber optic type segment is expected to grow at a higher CAGR than the ordinary type segment during the forecast period from 2018 to 2030. This growth can be attributed to its advantages such as low profile design that allows it to be inserted through small incisions, reduced risk of infection, and easy handling due to its lightweight construction. Based on application, the global intra-aortic balloon pump market is divided into hospitals, cardiac care centers, and other applications. The hospitals segment accounted for majority share of the global intra-aortic balloon pump market in 2017 and is projected grow at a higher CAGR than other segments during the forecast period from 2018to 2030 owingto increase useof IABP devicesin critical care units acrossthe world .
Product Definition:
Intra-aortic balloon pump is a device that helps in pumping blood from the left ventricle of the heart to other parts of the body. It helps in maintaining an adequate blood flow to the organs and tissues.
Fiber Optic Type:
Fiber optic is a flexible, hollow fiber that can transmit light or other electromagnetic radiation. Fiber optic cables are used for several applications such as telecommunication, cable television networks, internet service providers (ISP), and local area network (LAN) among others. The intra-aortic balloon pump market is driven by the growing geriatric population base coupled with rising healthcare expenditure across the globe.
Ordinary Type:
Intra-aortic balloon pump (IABP) is used to drain out the abdominal cavity and re-inflate it with a pressure of approximately 15 mmHg. The pump is connected to an artery in the patient’s leg, which allows blood flow through the device as it works like a vacuum cleaner.
Application Insights:
The other application segment includes the Intra-aortic Balloon Pump Market in patients suffering from aortic stenosis, a condition where the valve of heart becomes narrow due to thickening of the wall of aorta. In such cases, conventional surgical procedures are not sufficient to repair or replace this faulty structure and intra-aortic balloon pump is used as an effective alternative for these surgeries.
The hospitals segment held around 60% share in 2017 owing to increasing number of hospitals and cardiac care centers across various regions. These facilities have highly skilled medical teams that are capable enough for handling complex surgeries including open heart surgery which requires Intra-Ao Ao¢â‚¬â„¢Pump as one of its basic equipment. Thus, increasing number during emergency situations when there is failure or blockage in blood flow through arteries will drive the market growth over next few years.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable healthcare infrastructure, high adoption of advanced technologies, and presence of key players in the region. Moreover, increasing incidence of cardiac disorders due to sedentary lifestyle is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare facilities and growing awareness about intra-aortic balloon pumps (IABP). In addition, rising prevalence of hypertension coupled with an aging population will boost demand for IABPs in this region. Increasing government initiatives are also expected favorably impact regional market growth over the next eight years. For instance, The Government Of India launched a National Cardiovascular Programme (NCP) under which it plans on providing access & care services for cardiovascular diseases at community level through NGOs & private hospitals at district level through public health systems at hospital level as per need with quality assurance by creating a robust framework that ensures equity & affordability along with sustainable development.
Growth Factors:
- Increasing incidence of cardiovascular diseases: The increasing incidence of cardiovascular diseases is the major growth driver for the Intra-aortic Balloon Pump market. According to the World Health Organization, around 17.5 million people die due to cardiovascular diseases every year and this number is expected to increase in the coming years. This will create a high demand for Intra-aortic Balloon Pumps and drive the market growth.
- Technological advancements: The technological advancements in Intra-aortic Balloon Pumps are another major growth driver for this market. With continuous innovations, manufacturers are able to offer better products that can cater to the needs of patients effectively. This will help boost the adoption rate of these devices and drive market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Intra-aortic Balloon Pump Market Research Report
By Type
Fiber Optic Type, Ordinary Type
By Application
Hospitals, Cardiac Care Centers, Other
By Companies
Teleflex, MAQUET (Getinge), Zeon, Tokai Medical Products, SENKO MEDICAL INSTRUMENT Mfg, InterValve, Insightra Medical
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Intra-aortic Balloon Pump Market Report Segments:
The global Intra-aortic Balloon Pump market is segmented on the basis of:
Types
Fiber Optic Type, Ordinary Type
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
Hospitals, Cardiac Care Centers, Other
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:
- Teleflex
- MAQUET (Getinge)
- Zeon
- Tokai Medical Products
- SENKO MEDICAL INSTRUMENT Mfg
- InterValve
- Insightra Medical
Highlights of The Intra-aortic Balloon Pump 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:
- Fiber Optic Type
- Ordinary Type
- By Application:
- Hospitals
- Cardiac Care Centers
- Other
- 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 Intra-aortic Balloon Pump 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?
Intra-aortic balloon pump (IABP) is a medical device that helps to increase blood flow in the aorta. It is used to treat heart failure, and can be life-saving in some cases. IABP uses small balloons to inflate and then deflate repeatedly inside the aorta, which helps increase blood flow and improve oxygen delivery to the heart.
Some of the key players operating in the intra-aortic balloon pump market are Teleflex, MAQUET (Getinge), Zeon, Tokai Medical Products, SENKO MEDICAL INSTRUMENT Mfg, InterValve, Insightra Medical.
The intra-aortic balloon pump market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size & Forecast, 2018-2028
4.5.1 Intra-aortic Balloon Pump Market Size and Y-o-Y Growth
4.5.2 Intra-aortic Balloon Pump Market Absolute $ Opportunity
Chapter 5 Global Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size Forecast by Type
5.2.1 Fiber Optic Type
5.2.2 Ordinary Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Cardiac Care Centers
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Analysis and Forecast
9.1 Introduction
9.2 North America Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size Forecast by Type
9.6.1 Fiber Optic Type
9.6.2 Ordinary Type
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 Intra-aortic Balloon Pump Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Cardiac Care Centers
9.10.3 Other
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 Intra-aortic Balloon Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size Forecast by Type
10.6.1 Fiber Optic Type
10.6.2 Ordinary Type
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 Intra-aortic Balloon Pump Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Cardiac Care Centers
10.10.3 Other
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 Intra-aortic Balloon Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size Forecast by Type
11.6.1 Fiber Optic Type
11.6.2 Ordinary Type
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 Intra-aortic Balloon Pump Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Cardiac Care Centers
11.10.3 Other
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 Intra-aortic Balloon Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Intra-aortic Balloon Pump 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 Intra-aortic Balloon Pump Market Size Forecast by Type
12.6.1 Fiber Optic Type
12.6.2 Ordinary Type
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 Intra-aortic Balloon Pump Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Cardiac Care Centers
12.10.3 Other
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) Intra-aortic Balloon Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intra-aortic Balloon Pump 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) Intra-aortic Balloon Pump Market Size Forecast by Type
13.6.1 Fiber Optic Type
13.6.2 Ordinary Type
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) Intra-aortic Balloon Pump Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Cardiac Care Centers
13.10.3 Other
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 Intra-aortic Balloon Pump Market: Competitive Dashboard
14.2 Global Intra-aortic Balloon Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Teleflex
14.3.2 MAQUET (Getinge)
14.3.3 Zeon
14.3.4 Tokai Medical Products
14.3.5 SENKO MEDICAL INSTRUMENT Mfg
14.3.6 InterValve
14.3.7 Insightra Medical
