Intra-Aortic Counterpulsation Device Market Size, Share, Industry, and Outlook (2024-2031)

Intra-Aortic Counterpulsation Device Market is segmented By Product Type (Intra-Aortic Balloon Pump (IABP), Intra-Aortic Cannula, Others) By Indication (Myocardial Infarction, Cardiogenic Shock, Heart Failure, Others), By End User (Hospitals, Ambulatory Surgical Centres, Specialty Heart Centers, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Intra-Aortic Counterpulsation Device Market Overview

The Global intra-aortic counterpulsation device market is expected to reach at a High CAGR during the forecast period 2023-2030.

Intra-aortic counterpulsation device is a medical device designed to help the heart pump blood more effectively. It is mainly used to manage severe heart conditions, especially heart failure, cardiogenic shock, or during certain cardiac procedures. The device works by adjusting the timing of blood flow in the aorta the primary artery that carries oxygenated blood from the heart to the body.

There are various types of intra-aortic counterpulsation devices, but the intra-aortic balloon pump and intra-aortic cannula are the most popular. These devices are crucial in critical cardiac conditions as they improve blood flow and coronary artery perfusion.

Intra-Aortic Counterpulsation Device Market Scope

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Intra-Aortic Counterpulsation Device Market Dynamics

The increasing prevalence of heart attacks worldwide is expected to drive market growth

According to the World Heart Federation, deaths from cardiovascular disease (CVD) surged globally from 12.1 million in 1990 to 20.5 million in 2021. CVDs are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other conditions. More than four out of five CVD deaths are due to heart attacks and strokes, and one-third of these deaths occur prematurely in people under 70 years of age.

IACDs are essential in managing acute cardiac conditions as they help increase cardiac output and improve coronary blood flow. In scenarios like heart attacks or severe heart failure, IACDs can provide temporary relief to the heart, reducing strain, and supporting vital organ perfusion. Therefore, due to the rising prevalence of cardiovascular disease (CVD)-)-related fatalities and the increasing complexity of cases, there is a growing demand for IACDs. These devices can be a lifeline for patients in critical conditions, potentially reducing mortality rates and enhancing the quality of care. 

As a result, healthcare providers are increasingly recognizing their lifesaving potential and incorporating them into their treatment strategies, which is driving growth in the IACD market. Furthermore, the growing aging population and an increasing number of high-risk cardiac procedures are the factors expected to drive the market over the forecast period.

Restraint:

The market for intra-aortic counterpulsation devices may be hindered by product recalls, high costs, shortage of skilled operators, and potential complications.

Intra-Aortic Counterpulsation Device Market Segment Analysis

The global intra-aortic counterpulsation device market is segmented based on product type, surgical approach, technology, end-user and region.

The Intra-Aortic Balloon Pump (IABP) from the Product Type Segment Accounted for Approximately 47.8% of the Coagulation Analyzers Market Share

The Intra-Aortic Balloon Pump (IABP) is a medical device used to assist the heart in pumping blood more effectively. It is primarily employed in the management of patients with severe heart conditions, particularly those experiencing heart failure, cardiogenic shock, or undergoing certain cardiac procedures. The device operates by altering the timing of blood flow within the aorta, the main artery that carries oxygenated blood from the heart to the rest of the body.

Moreover, owing to the increasing prevalence of cardiovascular diseases, and the growing aging population are the factors expected to drive the market over the forecast period.

For instance, according to the Journal of Heart Association Article 2022, the global burden of cardiovascular disease is increasing, especially among older adults. The most common diseases in this demographic are congestive heart failure, coronary artery diseases, hypertension, atrial fibrillation, peripheral arterial disease, valvular heart disease, and stroke. Older adults with cardiovascular disease have complex and severe conditions due to comorbidities and geriatric syndromes, which puts them at higher risk of functional decline and complications.

Therefore, IABPs are essential in providing temporary support for older adults who suffer from advanced cardiovascular conditions, serving as a crucial bridge to more definitive treatments such as coronary interventions or cardiac surgeries. These devices help stabilize patients, optimize their condition, and improve their readiness for surgical procedures.

Moreover, IABPs can significantly improve the overall prognosis of older adults with cardiovascular disease. By reducing the workload on the heart and enhancing cardiac output, these devices contribute to better outcomes and increase the chances of survival. Hence, owing to the above factors, the market segment is expected to hold the largest market share over the forecast period.

Intra-Aortic Counterpulsation Device Market Geographical Share

North America Accounted for Approximately 39.8% of the Market Share in 2022

North America region is expected to hold the largest market share over the forecast period owing to the increasing prevalence of myocardial infarction, and growing cardiac surgeries. For instance, according to the Society of Thoracic Surgeons (STS) National Adult Cardiac Surgery Database reported that in 2021, there were approximately 5,048 total cardiac surgeries performed. Therefore, there is an increase in demand for Intra-Aortic Counterpulsation Devices (IACDs) may increase due to the positive impact of the total number of cardiac surgeries.

In contrast, the market is being negatively affected by product recalls. One such example is the Class I level recall in the U.S. by Teleflex, which involved the Arrow AutoCAT 2 and AC3 Optimus intra-aortic balloon pumps. The recall was due to a potential breakdown of motor connector wires. 

Intra-Aortic Counterpulsation Device Market Companies

The major global players in the intra-aortic counterpulsation device market include Teleflex Incorporated, Getinge, Zeon Medical Inc., and Abiomed, Inc. among others.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant effect on cardiac surgery worldwide. Many hospitals have had to reduce or suspend non-emergency surgeries, including cardiac surgeries, to conserve resources for COVID-19 patients. This has reduced the number of surgeries performed and the backlog of patients waiting for surgery. As per the article published in the Archives of Cardiovascular Diseases in 2021, cardiac surgery systematically requires postoperative intensive care. As these specialized units were reserved for patients with COVID-19 necessitating respiratory support, elective open-heart surgeries were substantially delayed in almost all french centers.

Furthermore, some cardiac patients may be at a higher risk of severe illness from COVID-19 due to underlying heart conditions, which may make them more hesitant to seek treatment. The pandemic also decreased the number of patients admitted to hospitals for heart attacks, which is believed to be due to people being afraid to seek medical attention out of fear of getting COVID-19. This decreased hospital revenue, resulting in some downsizing of services, including cardiac services.

Overall, the COVID-19 pandemic has had a significant impact on cardiac surgery worldwide, leading to a decrease in the number of surgeries being performed and a backlog of patients waiting for surgery, as well as affecting the availability of medical staff and equipment and leading to a decrease in revenue for hospitals..

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• To visualize the global intra-aortic counterpulsation device market segmentation based on product type, indication, end-user and region as well as understand key commercial assets and players.
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The global intra-aortic counterpulsation device market report would provide approximately 43 tables, 52 figures, and 170 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies