The increasing prevalence of cardiac conditions worldwide is supporting the demand for intra-aortic balloon pumps. The recent version of the intra-aortic balloon pump market report provides an analysis of key product types including consoles, catheters, and trays. Further, key market trends, drivers, and restraints of the market are included in the research study. Further, the Intra-Aortic Balloon Pump Market size is forecast across end-user segments including Hospitals, Cardiac Care Centers, and Others. Further, country-wise analysis and outlook are provided from 2021 to 2030. In addition, business profiles and product portfolios of the leading 10 companies are included in the industry analysis.
Intra-Aortic Balloon Pump Market Study Highlights, 2023
Intra-Aortic Balloon Pump Market Outlook to 2030
Intra-Aortic Balloon Pump Market Overview
The Intra-Aortic Balloon Pump market is steadily recovering from the negative impact of the COVID-19 pandemic. As patients postponed their treatment schedules during the pandemic, the market witnessed a decline in 2020. However, the market is recovering from late 2021, with manufacturers and marketing companies registering sales growth. Further, growing healthcare expenditures and the increasing prevalence of heart failure conditions across the world tend to drive the market outlook over the long-term forecast period. Further, technological advancements are set to play a major role in the long-term market outlook.
Increased demand for IABP and other heart failure treatment solutions is encouraging market growth for Intra-Aortic Balloon Pump consoles and catheters across developed and developing countries. Most manufacturing companies are focusing on launching a cost-efficient Intra-Aortic Balloon Pump to cater to strong demand growth from emerging markets.
The global market size of the Intra-Aortic Balloon Pump stood at US$527.8 million in 2022. The market growth is driven by rapid growth in the geriatric population, increasing prevalence of heart failure, companies focusing on emerging countries, favorable reimbursement for heart failure conditions, and rapid growth in healthcare expenditure.
On the other hand, high costs of services, a dearth of skilled professionals, and challenges associated with adhering to new regulations, financial pressures, and security concerns will pose challenges to market growth.
The global Intra-Aortic Balloon Pump market is characterized by a small number of medium- and large-scale players operating in the market. Further, the demand for the Intra-Aortic Balloon Pump continues to remain strong over the forecast period. However, regional disparities do exist and the growth rates of different applications also vary significantly over the forecast period.
Key companies profiled in the report include Teleflex Inc, Boston Scientific Corp, Zeon Corporation, Getinge AB, Medtronic Plc, Getinge Group, Senko Medical Instruments, InterValve Inc, Insightra Medical Inc, and others.
Intra-Aortic Balloon Pump Market Trend - Increasing Incidence of Heart Failure
Heart failure (HF) is a global pandemic with at least 64.3 million people living with the condition worldwide. The condition remains a serious clinical and public health problem as the total number of patients living with heart failure is increasing.
Amidst the increasing incidences of heart failure across markets, the demand for intra-aortic balloon pumps to increase myocardial oxygen supply and decrease myocardial oxygen demand is increasingly observed. IABP is the most common and widely opted option of mechanical circulatory support.
The need for pumping more blood by the heart supports the demand for IABP catheters, consoles, and trays. Various conditions such as unstable angina, heart attack, abnormal heart rhythms, heart failure, and other defects can restrict intra-aortic balloon pump therapy. IABP inflates at the onset of diastole and deflates just before the systole. Based on different parameters such as balloon volume, heart rate, and aortic compliance, the magnitude of these effects is determined.
Intra-Aortic Balloon Pump Market Share Analysis- Consoles hold the dominant market share
The IABP console is where the source of gas originates for the pump and comprises a mechanism for inflating and deflating the balloon at the proper time during the cardiac cycle. The console ensures the smooth and accurate functioning of the pump by ensuring that the balloon does not inflate at the incorrect time and cause complications.
It plays a major role in the detection of the cardiac cycle and contains a gas cylinder, gas supply unit, monitoring system for ECG monitoring, and control unit to process the ECG reading and generate a trigger signal for inflation and deflation of the balloon to deliver the gas or stop the gas flow.
It is the largest segment in the Intra-Aortic Balloon Pump and accounted for 55% market share in 2022. The market is valued at $289.7 million during the year and is poised to register a 3.5% CAGR over the forecast period to 2030.
Intra-Aortic Balloon Pump Market Segmentation
Types
End-Users
Companies Profiled in the Research study-
Regions
1. Executive Summary
1.1 Introduction to Intra-Aortic Balloon Pump Markets
1.2 Intra-Aortic Balloon Pump Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Intra-Aortic Balloon Pump Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Intra-Aortic Balloon Pump Market Trends
3.1.1 Increasing Incidence of Heart Failure
3.1.2 Favorable Reimbursements for cardiovascular Devices
3.1.3 Other Trends
3.2 Key Intra-Aortic Balloon Pump Market Growth Drivers
3.2.1 Increasing global Healthcare Expenditure
3.2.2 Focus on emerging countries
3.2.3 Increasing geriatric population
3.3 Key Intra-Aortic Balloon Pump Market Growth Restraints
3.3.1 High costs of IABP treatment restrict its use
3.3.2 Lack of skilled professionals
4 Intra-Aortic Balloon Pump Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Intra-Aortic Balloon Pump Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Intra-Aortic Balloon Pump Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Intra-Aortic Balloon Pump Market Size Outlook to 2030
5. Intra-Aortic Balloon Pump Market Segmentation- Outlook by Type
5.1 Intra-Aortic Balloon Pump Market Share Analysis by Type, 2023
5.2 Console Market Outlook to 2030
5.3 Catheters Market Outlook to 2030
5.4 Tray Market Outlook to 2030
6. Intra-Aortic Balloon Pump Market Segmentation- Outlook by Application
6.1 Intra-Aortic Balloon Pump Market Share Analysis by Application, 2023
6.2 Hospitals: Intra-Aortic Balloon Pump Market Outlook to 2030
6.3 Cardiac Care Centers Intra-Aortic Balloon Pump Market Outlook to 2030
6.4 Other Users: Intra-Aortic Balloon Pump Market Outlook to 2030
7. North America Intra-Aortic Balloon Pump Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Intra-Aortic Balloon Pump Market Growth Opportunities
7.2.1 North America Intra-Aortic Balloon Pump Market Outlook by Type, 2021 to 2030
7.2.2 North America Intra-Aortic Balloon Pump Market Outlook by Application, 2021 to 2030
7.2.3 North America Intra-Aortic Balloon Pump Market Outlook by Country, 2021 to 2030
7.3 United States Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
7.4 Canada Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
7.5 Mexico Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
8. Europe Intra-Aortic Balloon Pump Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Intra-Aortic Balloon Pump Market Growth Opportunities
8.2.1 Europe Intra-Aortic Balloon Pump Market Outlook by Type, 2021 to 2030
8.2.2 Europe Intra-Aortic Balloon Pump Market Outlook by Application, 2021 to 2030
8.2.3 Europe Intra-Aortic Balloon Pump Market Outlook by Country, 2021 to 2030
8.3 Germany Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
8.4 France Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
8.5 United Kingdom Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
8.6 Spain Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
8.7 Italy Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
8.8 Other Europe Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
9. Asia Pacific Intra-Aortic Balloon Pump Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Intra-Aortic Balloon Pump Market Growth Opportunities
9.2.1 Asia Pacific Intra-Aortic Balloon Pump Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Intra-Aortic Balloon Pump Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Intra-Aortic Balloon Pump Market Outlook by Country, 2021 to 2030
9.3 China Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
9.4 Japan Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
9.5 India Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
9.6 South Korea Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
9.7 Indonesia Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
10. South and Central America Intra-Aortic Balloon Pump Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Intra-Aortic Balloon Pump Market Growth Opportunities
10.2.1 South and Central America Intra-Aortic Balloon Pump Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Intra-Aortic Balloon Pump Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Intra-Aortic Balloon Pump Market Outlook by Country, 2021 to 2030
10.3 Brazil Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
10.4 Argentina Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
10.5 Other Latin America Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
11. Middle East and Africa Intra-Aortic Balloon Pump Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Intra-Aortic Balloon Pump Market Growth Opportunities
11.2.1 Middle East and Africa Intra-Aortic Balloon Pump Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Intra-Aortic Balloon Pump Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Intra-Aortic Balloon Pump Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
11.5 Other Middle East Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
11.6 Egypt Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
11.7 South Africa Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
11.8 Other Africa Intra-Aortic Balloon Pump Market Outlook, 2021 to 2030
12. Profiles of major world Intra-Aortic Balloon Pump Companies
12.1 Teleflex Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 Boston Scientific Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 Zeon Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Getinge AB
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Medtronic Plc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Getinge Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Senko Medical Instruments
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.8 InterValve Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
12.9 Insightra Medical Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
Types
End-Users
Increasing geriatric population, Focus on emerging countries, Increasing global Healthcare Expenditure, Increasing Incidence of Heart Failure, and favorable Reimbursements for cardiovascular Devices
The global Intra-Aortic Balloon Pump Market Size stood at US$ 527.8 Million in 2022
The global Intra-Aortic Balloon Pump Market Size is poised to register 3.6% growth over the forecast period from 2023 to 2030
Teleflex Inc, Boston Scientific Corp, Zeon Corporation, Getinge AB, Medtronic Plc, Getinge Group, Senko Medical Instruments, InterValve Inc, and Insightra Medical Inc
Consoles are the dominant components of Intra-Aortic Balloon Pump with a 55% market share.