Global Intra-Aortic Balloon Pump (IABP) Market: Brief Account
The demand for intra-aortic balloon pump market is likely to see huge uplift during the forecast period 2017- 2027, due to rise in surgery case all across the world. Another major factor that is favoring the growth of the market is the rise in geriatric population, who have lesser immunity thus making them more vulnerable to bacteria, leading them to opt for surgeries. Intra-aortic balloon pump is medical device for cardiovascular disorders that is used to improve the cardiac function temporarily in critical surgeries such as percutaneous coronary interventions, coronary artery bypass grafting, and heart transplant.
The global intra-aortic balloon pump market can be classified on the basis of product type, indications, end-user, and region. Each of the segment in the report has been analyzed based on the market potential, the ongoing trend, region wise, and other testing factor.
The analysts of the report have provided a detailed analysis of the complete overview of the market by extensively collecting data from primary and secondary research source. The primary research generally consists of information collected from the experts, vendors in the market. The analysts have also fetched information on the basis of Porter’s five forces model to make the readers understand about the market.
Global Intra-Aortic Balloon Pump Market: Rising Opportunities
Technology advancements, especially in the healthcare sector has won trust of million by providing satisfactory result in various department. These has made the population prefer advancement technique over conventional techniques, thus increasing the sales of intra-aortic balloon pump. Rise in number of pharmaceutical companies all across the world have favored the market to grow. Increasing number of cardiovascular cases is one of the major factor supporting the growth of the global intra-aortic balloon pump market. Innovation in various sizes of intra-aortic balloon pump on the size on the basis of height of the patients is helping to espouse the intra-aortic balloon pump worldwide.
Emerging countries such as India and Chain are major hub for creating lucrative opportunities for the market players as the incessant rise in population in the region is looking towards an efficient treatment. Rising cases of coronary artery diseases, for example myocardial infarction, chronic heart diseases, and unstable angina has helped the market to grow exponentially in the emerging countries. Rising number of partnership and increasing healthcare modernization in the developing countries is anticipated to create enough opportunities for the market to grow. In order to increase revenue share of the devices, the vendors are trying to focus mainly on the development of consoles and catheters with better safety and efficient. This is indirectly likely to positively impact the growth of the market.
However, it has been noted that expensive cost of intra-aortic balloon pump accompanied with the risk of inflammation while inserting of the balloon pump are likely to hinder the growth of the market during the forecast period. Another reason that is pulling down the market is that the vendors have tough time in surviving due to high competitive nature of the market. Inaccessibility of this advancement devices in remote areas is also anticipated to pull down the market.
Global Intro-Aortic Balloon Pump Market: Geographical Study
On the basis of region, the market is segregated into Latin America, Europe, North America, Middle East and Africa, and Asia Pacific. North America holds the major share in the market due to rapid lifestyle changes and eating habits. However, Asia Pacific is likely to hold a better traction of the market in years to come due to improving healthcare structure and growing awareness among consumers.
Global Intro-Aortic Balloon Pump Market: Companies Mentioned
Some of the major players mentioned in the market are Teleflex Corporation, Peter Schiff Enterprise, Knf Neubergere, Inc., Boston Scientific Corporation, and Datascope Corp.
The market is segmented on the basis of:
- Intra – Aortic Balloon Pump (IABP) Console
- Intra – Aortic Balloon Pump (IABP) Catheters
- Introducer Tray
- Coronary Artery Diseases
- Unstable Angina
- Myocardial Infarction (NSTEMI)
- Chronic Heart Failure
- Ambulatory Surgical Centers
- Independent Catherization Labs
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.