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Intra-aortic Balloon Pumps Market by Indication (Unstable Angina, Myocardial Infarction, Chronic Heart Failure, Cardiogenic Shock, Other Heart Defects), by End User (Hospitals, Cardiac Care Centers, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), by MEA (Middle East, Africa) Forecast 2024-2032
The Intra-aortic Balloon Pumps Market size was valued at USD 268.32 USD billion in 2023 and is projected to reach USD 381.56 USD billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. Market of Intra-aortic Balloon Pumps (IABPs) are relatively low prices and are commonly applied in the field of cardiology to provide temporary mechanical assistance to heart diseases. How they work by increasing the flow of blood to the heart muscles besides decreasing the amount of work expected to be done by the heart. There are different types of IABP in the market ranging from helium-based to silicone-based pumps and all have features that involve new technologies to improve patients' condition. IABPs play an important role, as they provide important assistance in various critical care situations and procedures where the risk of impaired heart function is present. Benefits include enhanced patient status in terms of flow and better oxygen supply-demand ratios as well as increased flow through coronary vessels.
The price of intra-aortic balloon pumps varies depending on factors such as the indication, type of device, and duration of treatment. The average cost of an intra-aortic balloon pump procedure is estimated to be between USD 10,000 and USD 20,000.
The United States is the major exporter of intra-aortic balloon pumps, while China is the major importer. The United States, Germany, and Japan are the main manufacturing hubs for intra-aortic balloon pumps.
The intra-aortic balloon pumps market is segmented on the basis of indication, end user, and region. The indication segment is further sub-segmented into unstable angina, myocardial infarction, chronic heart failure, cardiogenic shock, and other heart defects. The end user segment is further sub-segmented into hospitals, cardiac care centers, and others. The regional segment is further sub-segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The intra-aortic balloon pumps market is highly competitive, with several players holding patents and trademarks for their products. Key patents related to intra-aortic balloon pumps include:
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
|
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.2% from 2018-2032 |
Segmentation |
|
Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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