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Intra-aortic Balloon Pump Market Predicted to Reach US$ 111 Million by the end of 2025

The overall intra-aortic balloon pump market is likely to be valued at nearly US$ 361 million in 2017 and is expected to account for around US$ 472 million by the end of 2027. The worldwide market is slated to exhibit 2.7% CAGR throughout 2017 to 2027. 
The factors creating numerous lucrative opportunities for the worldwide market include,


  • Growing incidences of coronary artery diseases
  • Increased usage for the duration of cardiogenic shock
  • Improved quality of health care
  • Swelling partnerships
  • Developing healthcare advancement
However, the factors impeding the growth of the overall market includes
  • Adverse events such as deaths and injuries
  • Product recalls for concerns upon patient safety
  • Lacking healthcare infrastructure
The overall market is segmented into product type, indication, end user and region.

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Forecast by product type
The worldwide market based on the product type is sub-segmented into
  • Intra – Aortic Balloon Pump (IABP) Catheters
  • Introducer Tray
  • Intra – Aortic Balloon Pump (IABP) Console
In revenue terms, introducer tray and catheters are anticipated to retain major market share near the end of the projection period. Simultaneously, the intra-aortic balloon pump console segment is expected to witness a decline. 

Forecast by Indication
On the basis of indication, the market is sub-segmented into
  • Chronic Heart Failure
  • Unstable Angina
  • Coronary Artery Diseases
  • Myocardial Infarction (NSTEMI)
The coronary artery diseases segment is likely to retain the maximum market share in contrast to chronic heart failure segment during the course of the forecast period.

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Forecast by end user
The end users of the intra-aortic balloon market are hospitals, independent catherization labs and ambulatory surgical centers.

Forecast by region
  • MEA
  • North America
  • Europe
  • APAC
  • Latin America
At present, North America remains the most lucrative market amid all regions which is projected to be nearly US$ 133.7 million in revenues, exhibiting a CAGR of 2.9% for the projection period. The European market is likely to remain the second largest market by 2027. However, APAC region will remain the third lucrative market account for nearly 19% revenue share because of swelling demand for intra-aortic balloon pump. The MEA region is likely to be the least productive market in terms of revenue.
The key companies functional in overall intra-aortic balloon market include,
  • Insightra Medical, Inc.
  • SENKO MEDICAL INSTRUMENT Mfg. CO. LTD.
  • Zeon Corporation
  • MAQUET Holding B.V. & Co. KG. (Getinge Group)
  • Tokai Medical Products Inc.
  • InterValve Inc.
  • Teleflex Corporation
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