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.
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.
- Highly Demanded In Critically Ill Patients With Cardiac Disease
- Growing use in IABP therapy
- Growing Purchase In Critical Care Unit
- Problems Like Damage From The Lack Of Blood Flow To A Limb (Ischemia)
- High Cost Associated With Device
Growing Heart Disorders Due To Changed Lifestyle And Unhealthy Diet Habits
It Can Damage Your Kidneys If Incorrect Positioning Of The Balloon and May Cause Infection
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