Intra-aortic Balloon Pump Market Projection By Technology, Top Key Players, Demand, Segment, Regional Analysis Revenue Forecast Till - 2031

Intra-aortic Balloon Pump Market 2022

Growing prevalence of lethal diseases, such as cardiac arrest and heart failure due to changing lifestyle and eating habits is leading to increasing cardiac surgeries and procedures worldwide. Of late, intra-aortic balloon pump has emerged as a cutting-edge product in cardiac management and care. It is basically a polyethylene balloon mounted on a catheter that assists heart during both its rest phase and work phase. However, there have been occasions when the use of intra-aortic balloon pumps in chronic heart condition and coronary artery diseases resulted in adverse side-effects including injuries and even deaths.

Persistence Market Research in its latest study on the global intra-aortic balloon pump market finds that factors such as high risk of infection, and potential dangers of artery collapsing associated with balloon catheterization are sternly curbing the market's growth. As per PMR's findings, the global Intra-aortic balloon pump is likely to register a minuscule CAGR of 2.7% in terms of value during the forecast period (2017-2027).

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Global Intra-Aortic Balloon Pump Market: Key Challenges

Increasing product recalls and rising concerns over patient safety is set to impact the global intra-aortic balloon market, which is expected to reach a valuation of US$ 471.8 Mn by 2027. Moreover, limited growth opportunities owing to the lack of proper healthcare infrastructure is holding back manufacturers to make strong investments in developing countries.

This is also hampering the overall growth of the global intra-aortic balloon pump market. Meanwhile in Europe, the regulatory bodies have imposes stringent regulations on launch new intra-aortic balloon pump product and its marketing and sales activities. This, in turn, is making it difficult for market players to get quick product approvals, hence further delaying the launch of new products.

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Some of the key participating global players in Intra-aortic balloon pump (IABP) Market. Teleflex Corporation, Arrow International Inc., Medtronic Inc., Abiomed Inc., Boston Scientific Corporation, Datascope Corp., Peter Schiff Enterprise, MAQUET Holding B.V. & Co. KG. KG., Knf Neuberger, Inc.

Key geographies evaluated in this report are:

North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others

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Some of the prominent companies operating in the global intra-aortic balloon market include Teleflex Corporation, MAQUET Holding B.V. & Co. KG. (Getinge Group), Zeon Corporation, Tokai Medical Products Inc., SENKO MEDICAL INSTRUMENT Mfg. CO., LTD., InterValve Inc., Insightra Medical, Inc.

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This release was published on openPR.