Published on : Dec 15, 2017
Albany, New York, December 15, 2017: The global intra-aortic balloon pump market is likely to grow at a CAGR of nearly 2.7% during the assessment period 2017-2027 on account of growing concerns about the potential side effect of these procedures. A new research highlighting the key drivers and trends likely to impact the global intra-aortic balloon pump market during the assessment period has been added to the comprehensive repository of Market Research Hub (MRH). The report titled “Intra-aortic Balloon Pump Market: Global Industry Analysis (2012-2016) and Forecast (2017-2027)” is a valuable source of information for players looking to gain credible insights in this market.
The first section of the report introduces the readers to the report, with information about the key drivers, restrains, opportunities, and trends offered. The executive summary section of the report gives readers a gist of the important developments in the market. Readers can expect in-depth qualitative and quantitative information in this section of the report.
According to the report, the global intra-aortic balloon pump market is estimated to be valued at nearly US$ 361 Mn in 2017, and is likely to reach nearly US$ 472 Mn by the end of the forecast period. The moderate growth of the market will be on account of use of intra-aortic balloon pumps in the treatment of coronary artery diseases. The use of these pumps is likely to witness a slight decline in developed countries, as more effective and safe treatment options are developed. However, in many developing countries, especially in Asia Pacific, these pumps are used to treat cardiovascular ailments, which is likely to boost their adoption during the forecast period.
In Europe, regulations are stringent on the sales and marketing of intra-aortic balloon pumps, which has been impeding sales. The impact of stringent regulations is likely to be felt during the assessment period as well, with limited growth opportunities for manufacturers. Injuries and fatality on account of use of intra-aortic balloon pump have created concerns among healthcare providers and end-users, which is likely to impede the growth of the market.
To give readers a detailed analysis of the key players in this market, the report also includes a detailed competitive landscape section. The competitive landscape section gives information on the SWOT of the stakeholders in the market. Some of the key companies profiled in the report include Insightra Medical, Inc.
MAQUET Holding B.V. & Co. KG. (Getinge Group), Zeon Corporation, SENKO MEDICAL INSTRUMENT Mfg. CO., LTD., Teleflex Corporation, Tokai Medical Products Inc., and InterValve Inc..
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