Published Date : 27 Jan 20 | Views: 146 | Industry : Miscellaneous
Increasing Adoption of
Medical Devices in Hospitals to Foster the Growth of the Hospital Segment
Intra-Aortic Balloon Pump (IABP)
device has diverse applications in Cardiac Care Centers, Hospitals, and
Rapidly adoption of advanced devices in
healthcare industry mainly to provide quality treatment along with an increase
in the number of patients suffering from heart conditions is likely to foster
the growth of the hospitals segment. The type segment of the Intra-Aortic Balloon
Pump (IABP) market is categorized into Fiber Optic Type and Ordinary Type.
North America is Projected
to Offer Enormous Growth Potential for the Market
Growing contribution of government
by funding for the research and development activity in the healthcare sector in
North America is likely to drive the growth of the market. The region held a
substantial share of the market and has an enormous growth potential due to
increasing cases of heart conditions owing to a sedentary lifestyle.
Increasing cases of chronic
heart diseases and rising acceptance of advanced medical devices in treatment
is likely to offer lucrative growth opportunities in the healthcare sector of
the developing countries in the Asia-Pacific region.
Market Players are Keen
to Invest in R&D
Key players functioning in the Intra-Aortic
Balloon Pump (IABP) market are Teleflex Incorporated and Maquet (Getinge
Group). Leading companies are focusing on developing cost-effective
technology-based solutions for improving and assisting in treatment, diagnosis,
and surgeries. The market players are also largely investing in research and
Increasing Cases of
Heart Conditions to Drive the Growth of the Market
High demand for medical devices in the treatment of patients suffering from cardiovascular disorders and increasing applications in critical surgeries is likely to drive the growth of the market. The increasing adoption of medical devices as a solution for patient assistance and improving functions is likely to propel the growth of the market. The rising need for modernization in healthcare is leading to a largescale adoption of advanced technology, which is expected to offer new scope for the growth of the market.