Owing to the benefits of an intra-aortic balloon pump makes it easier for blood to flow into your coronary arteries. With each contraction, it also aids your heart in pumping more blood. Your aorta is inflated with a balloon. It lowers myocardial oxygen demand while increasing myocardial oxygen supply. Intra-aortic balloon pump treatment is an effective bridge to transplantation for certain individuals. The vast majority of patients were successfully transitioned to transplantation and released.
The value of the Intra-Aortic Balloon Pump market is projected to grow to USD 470.92 million with an estimated CAGR of 3.11% by 2028
Covid-19 Impact & Market Status
The international intra-aortic balloon pump (IABP) marketplace has been seriously disrupted with the aid of using the coronavirus outbreak. The epidemic has ushered in a brand new technology of social isolation and severe worry over the virus`s transmission, inflicting businesses all the world over to shut for an unknown quantity of time. Amid all this, the worldwide healthcare region has suffered badly because of a main decline with inside the quantity of health facility visits and surgical procedures. As a result, call for for intra-aortic balloon pumps has decreased, stifling international marketplace growth. However, marketplace professionals accept as true with COVID-19 has had a positive impact at the growth of this commercial enterprise to a few extents. As afflicted breathing, chest pain, and surprising cardiac disasters are the not unusual place times of COVID-19 infection, the call for for IABP gadgets has expanded because the outbreak, thereby boosting the worldwide marketplace growth.
Fiber Optic to Emerge as the Most Lucrative Segment
This market is segmented into fiber optic and regular types based on kind. Because the manometers situated in the very tip of the IAB catheters give accurate and rapid, high-quality readings, the fiber optic business has proven to be the most lucrative. As a result, the hardware and algorithm will be able to monitor important markers on the arterial waveform and improve left ventricular support. The new timing algorithms use pressure data received 50 milliseconds quicker than fluid-filled transducers, monitoring critical markers on the pressure waveform and properly controlling inflation and deflation on a beat-by-beat basis.
Hospital to Remain Atop
This market is segmented into cardiac care centers, hospitals, and other applications. The hospital is at the top of this section because a large number of people visit the hospital for any checkup, and if the doctor predicts any doubt, this pump is implanted in the human body.
The Asian pacific regions to Render Ample Investment Avenues
Asian Pacific to emerge ample investment region due to the emerging markets such as India and China are important hubs for providing beneficial prospects to market participants as the region's population continues to grow and the need for effective treatments increases. The prevalence of coronary artery disease such as myocardial infarction, chronic heart disease, and unstable angina has supported the exponential growth of emerging market markets. The market is expected to rise due to the increasing number of partnerships and the increasing modernization of healthcare in emerging markets. Vendors are primarily focused on developing consoles and catheters with improved safety and efficiency to maximize device revenue sharing. This should have an indirect positive effect on market growth. High quality improvisation of health care, an increasing number of partnerships and an increasing modernization of the medical system in these countries also create many opportunities for the intra-aortic balloon pump market.
The intra-aortic balloon pump (IABP) is a safety mechanism that enhances myocardial oxygen perfusion while lowering afterload, hence indirectly boosting cardiac output. Approximately 2 cm (0.79 inches) from the left subclavian artery, a cylindrical polyurethane balloon is introduced into the aorta. The benchtop device fills the balloon with helium from the cylinder during diastole. Near the distal end of the catheter, helium is typically attached to an EKG or pressure transducer. The balloon actively contracts during systole and inflates with diastolic reverse pulsations.
Due to the vacuum effect, systolic contractions reduce afterload and indirectly improve the forward movement of the heart. Diastolic swelling causes retrograde flow to travel through the bloodstream to the coronary arteries. These measures work together to reduce myocardial oxygen demand and increase myocardial oxygenation. The intra-aortic balloon pump (IABP) is also useful for treating cardiogenic shock and sustaining left ventricular function.
The market for intra-aortic balloon pumps is projected to reach $ 494.2 million by 2029. Due to an increase in the prevalence of coronary and chronic heart diseases including unstable angina and myocardial infarction, the intra-aortic balloon pump market is anticipated to expand throughout the course of the projected period (NSTEMI). Additionally, the market for intra-aortic balloon pumps is projected to rise due to the increasing use of these devices in the management of the aforementioned illnesses.
The use of intra-aortic balloon pumps in the treatment of cardiogenic shock is projected to hinder the growth of the intra-aortic balloon pump market. Meanwhile, growing intra-aortic balloon pump prices are likely to stifle the intra-aortic balloon pump market's expansion throughout the forecast year. The rise in the number of pharmaceutical businesses throughout the world has aided the market's expansion. The expansion of the intra-aortic balloon pump industry is accelerating as government expenditure on medical services rises.
The key players in this market are Knf Neubergere, Inc., Boston Scientific Corporation, Boston Scientific Corporation, Teleflex Corporation, Peter Schiff Enterprise, Datascope Corp., Peter Schiff Enterprise, Tokai Medical Products Inc., Zeon Corporation. These are the global market players in the intra-aortic balloon pump market.
Latest Innovations in the Intra-Aortic Balloon Pump Market
- The most common circulatory assist device used in heart surgery is the intra-aortic balloon pump (IABP). Several changes have been made to the IABP during the development process. The most important change in the IABP catheter for smaller Japanese patients is to reduce the diameter to 6 Fr. Second, direct pressure monitoring through the tip of the catheter enables more accurate and real-time support. Third, a new balloon pump selects the trigger source, schedules IABP expansion and contraction, and automatically detects arrhythmias. In cardiac surgery, further development of the IABP will enable safer and more reliable hemodynamic control.
- The beneficial hemodynamic effects of IABP are highly dependent on the timing of the balloon with respect to the diastole of the cardiac cycle. The microprocessor-based controller was developed to use PR intervals to automate the IABP in real time and adjust the balloon's contraction and contraction time intervals to trigger balloon expansion in semi-automatic mode. In the experiment, an anesthetized dog with an open chest was used. Aortic pressure and flow, coronary flow, and left ventricular pressure were all measured simultaneously. Comparison of automatic and manual timing performed by qualified technicians. The results show that automated timing provides the same hemodynamic improvement, but is easy to change. Closed-loop control schemes have been proposed that enable fully automated operation of the device and the ability to quickly achieve optimization of directly measurable hemodynamic variables.
Intra-Aortic Balloon Pump Market Scope
|Revenue forecast in 2028
|USD 470.92 million
|CAGR of 3.11 % during 2018-2028
|Type, Application, Regions
|North America, Europe, Asia Pacific, South America, Middle East and South Africa
|Key Players Profiled
|Accenture, Tech Mahindra Limited, IBM Corporation, Capgemini, Cognizant, Deloitte Touche Tohmatsu Limited, Wipro, DXC Technology, Infosys Limited, NTT DATA Corporation, Strategic Growth
Key Segments of the Intra-Aortic Balloon Pump Market
Type Overview (USD Million)
- Ordinary Type
- Fiber Optic Type
Application Overview (USD Million)
- Cardiac Care Centers
Region Overview (USD Million)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Rest of South America
Middle East and South Africa