Global Intra Aortic Balloon Pumps Market growing at a CAGR of 3.2% from 2023 to 2030
Category : Pharmaceuticals And Healthcare | Published Date : Jun 2023
Key Market Overview
Consegic Business Intelligence analyzes that the intra aortic balloon pumps market is predicted to grow at a compound annual growth rate of 3.2% from 2023 to 2030 and is expected to reach USD 528.25 million in 2030 which was valued at USD 412.44 Million in 2022.
The report highlights the increasing adoption of intra aortic balloon pumps in hopsitals, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the intra aortic balloon pumps market.
Global Intra Aortic Balloon Pumps Market By Overview
The intra aortic balloon pumps market is bifurcated into indication and end user. Based on indication the market is segmented into coronary artery diseases and chronic heart failure, in 2022, the coronary artery diseases segment dominate in the overall intra aortic balloon pumps market. The end user segment is categorized into hospitals, ambulatory surgical centers, independent catheterization labs, and others. In 2022, the hospital segment accounted for the highest market share in the intra aortic balloon pumps market.
Get Free SampleMarket Dynamics
Driver:
- Increasing adoption of intra aortic balloon pumps (IABP) in hospitals is proliferating the growth of the market.
- The rising prevalence of coronary artery disease (CAD) is accelerating the intra aortic balloon pumps market growth.
Restraints:
- Recall of intra aortic balloon pumps products is restraining the growth of the intra aortic balloon pumps market.
Market Segmentation:
| Report Attributes | Report Details |
| By Indication | Coronary Artery Diseases (Unstable Angina and Myocardial Infarction) and Chronic Heart Failure |
| By Application | Hospitals, Ambulatory Surgical Centers, Independent Catheterization Labs, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Teleflex Incorporated, Zeon Corporation, Tokai Medical Products, Inc., and InterValve Medical Inc. which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and are cost-effective. Furthermore, the intra aortic balloon pump market is expected to witness substantial growth in the coming years due to the growing investment in heart care hospitals in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Teleflex Incorporated
- Zeon Corporation
- Tokai Medical Products, Inc.
- InterValve Medical Inc.
- Insightra Medical, Inc.
- Getinge AB
- Terumo Medical Corporation
- Avante Medical Solutions Ltd.
- Abiomed
- MERA