Global Counter Pulsation Devices Market, By Type (Adult External Counter Pulsation Device, Children External Counter Pulsation Device), Application (Hospital, Clinic) – Industry Trends and Forecast to 2029.
Counter Pulsation Devices Market Analysis and Size
Nearly 50% of people in this age group are likely to have a significant case of atherosclerosis, and patients over 40 have the highest incidence of atherosclerosis. Increase in the patient’s suffering from severe angina can only be treated with counter pulsation therapy which drives the counter pulsation devices market.
Data Bridge Market Research analyses that the counter pulsation devices market which was USD 39.55 billion in 2021, would rocket up to USD 68.57 billion by 2029, and is expected to undergo a CAGR of 7.12% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Counter Pulsation Devices Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Adult External Counter Pulsation Device, Children External Counter Pulsation Device), Application (Hospital, Clinic)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Biotronik SE & Co. KG (Germany), Jarvik Heart Inc (U.S.), Medtronic (Ireland), ReliantHeart Inc (U.S.), St. Jude Medical Inc (U.S.), Vaso Corporation (U.S.), Cardiomedics (U.S.), Applied Cardiac Systems Inc. (U.S.), Renew Power (India), Scottcare Corporation (U.S.)
|
|
Market Opportunities
|
|
Market Definition
External counterpulsation therapy is probably beneficial for people with severe angina who are not candidates for angioplasty or bypass surgery. External counterpulsation and enhanced external counterpulsation (EECP) are similar techniques but have different designs. The EECP is a more sophisticated and improved method of treating patients with counterpulsation. External counterpulsation makes blood flow to the heart muscle easier because it widens the network and opens up new routes around clogged arteries.
Counter Pulsation Devices Market Dynamics
Drivers
- Increasing cardiovascular disorders
The rise in the prevalence of cardiovascular disorders, technological developments in counter pulsation devices, and rising interest in minimally invasive procedures are all factors contributing to the market's expansion.
- Growing awareness about the benefits of counter pulsation therapy
People are becoming more and more aware of the advantages of using external counter-pulsation treatment to treat a variety of heart problems. The demand for these gadgets has increased globally as a result of this.
- Rise in the geriatric population
The rising prevalence rates of lifestyle disorders like as diabetes and obesity, rising health-care spending, and the fast-growing diagnostic industry are driving the worldwide counter pulsation devices market expansion.
Opportunities
- Technological advancements
Every year, more sophisticated models of the technology utilised in counter pulsation devices are introduced to the market. This has boosted these products' sales and popularity among people all around the world.
Restraints/Challenges
On the other hand, the high cost associated with drug development and distribution will obstruct the market's growth rate.
This counter pulsation devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the counter pulsation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Counter Pulsation Devices Market Scope
The counter pulsation devices market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Adult External Counter Pulsation Device
- Children External Counter Pulsation Device
Application
- Hospital
- Clinic
Counter Pulsation Devices Market Regional Analysis/Insights
The counter pulsation devices market is analysed and market size insights and trends are provided by country, type, application as referenced above.
The countries covered in the counter pulsation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the counter pulsation devices market due to the growing number of geriatric population along with adoption of innovative medical technology.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The Global counter pulsation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global counter pulsation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Global counter pulsation devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Counter Pulsation Devices Market Share Analysis
The counter pulsation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to counter pulsation devices market.
Some of the major players operating in the counter pulsation devices market are:
- Biotronik SE & Co. KG (Germany)
- Jarvik Heart Inc (U.S.)
- Medtronic (Ireland)
- ReliantHeart Inc (U.S.)
- St. Jude Medical Inc (U.S.)
- Vaso Corporation (U.S.)
- Cardiomedics (U.S.)
- Applied Cardiac Systems Inc. (U.S.)
- Renew Power (India)
- Scottcare Corporation (U.S.)
SKU-