Industry Background:
The intra-aortic balloon pump (IABP) is one of medical device used for cardio applications, it is mechanical device that helps to increase myocardial oxygen flow and indirectly speed ups cardiac output rate .The IABP is long, skinny balloon that controls the blood flow through the blood vessels .It is used in major cases such as in cardiac shock, heart failure, unstable angina, arrhythmia, etc .This device has major components like catheter, aortic balloon.
This growth is primarily driven by Highly Demanded In Critically Ill Patients With Cardiac Disease and Growing use in IABP therapy.
Globally, a noticeable market trend is evident Growing Purchase In Critical Care Unit. Major Players, such as Datascope Corp (United States), Teleflex Corporation (United States), Maquet (Germany), Zeon Corporation (Japan), Boston Scientific Corporation (United States), Peter Schiff Enterprise (United States), Hopkins medicine (United States), Abiomed (United States), Arrow Medical (United Kingdom) and Medtronic (Ireland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 19th August 2019, Boston Scientific Corporation announced its acquisition of BTG plc .BTG plc is company who produces and develops commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals.
On 22nd January, Teleflex granted approval from FDA for its Wattson Temporary Guidewire.FDA approved 510(k) clearance for that device .IT will be – the first commercially available bipolar temporary pacing guidewire.
Regulatory Insights:
On 19th November 2019, FDA recalls Maquet/Datascope's product of several intra-aortic balloon pumps .FDA recalls the IABP devices due to serious battery issues. The FDA circulated information manufacturers about reports of Maquet/Datascope IABP devices shutting down while running on battery power. The FDA warned companies about their fault and issued letter regarding it.
Market Drivers
- Highly Demanded In Critically Ill Patients With Cardiac Disease
- Growing use in IABP therapy
Market Trend
- Growing Purchase In Critical Care Unit
Restraints
- Problems Like Damage From The Lack Of Blood Flow To A Limb (Ischemia)
- High Cost Associated With Device
Opportunities
Growing Heart Disorders Due To Changed Lifestyle And Unhealthy Diet Habits
Challenges
It Can Damage Your Kidneys If Incorrect Positioning Of The Balloon and May Cause Infection
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Intra aortic Balloon Pump Study Sheds Light on
The Intra aortic Balloon Pump Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Intra aortic Balloon Pump industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Intra aortic Balloon Pump industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.