Embolic Protection Devices Market Size is Projected to Register US$ 2.0 Billion by 2026
The global Embolic Protection Devices Market size is anticipated to reach USD 2.0 billion by 2026, registering at a CAGR growth of 9.2% over the forecast period.
Increasing cases of neurovascular surgeries and cardiovascular, also surges in heavy investments in research and development of embolic devices, are the main parameters pushing the embolic protection devices market development. Increase in numeral of (TAVR) Trans-catheter Aortic Valve Replacement procedures and consumer consciousness about embolic devices are also backing toward embolic protection devices market growth.
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Increasing occurrences of neurovascular and cardiovascular diseases and rising acceptance of slightly invasive illnesses are pushing the embolic protection devices market development. Increasing need for technologically progressive embolic devices and growing healthcare spending, resulting in enormous finance and investments from multinational businesses, are driving the research and development in the worldwide medical devices industry. This parameter is also backing regarding the embolic protection devices market growth.
Wherein, the product disappointments and recalls might limit the embolic protection devices market development. Little reimbursement for stenting and occurrence of alternative treatment methods, for instance, the usage of drugs, might also impede the embolic protection devices market growth. Though, parameters for instance, an increase in the numeral of (TAVR) Trans-catheter Aortic Valve Replacement processes will support the embolic protection devices market development. The numeral of TAVR centers in U.S. has augmented from 156 in 2012 to 511 in 2017, and about 35,000 patients underwent TAVR in 2016 in U.S. alone. The distal obstruction systems sub-segment is anticipated to register the highest CAGR during the forthcoming years.
Distal filter devices sub-segment developed as the largest segment due to growing need for these devices. Neurovascular diseases sub-segment captures for the largest share in the application segment due to the increasing cases of neurological illnesses.
Rising acceptance of slightly invasive surgeries and growing need for novel technologies are helping the dominance of this region. The market in the Asia Pacific is anticipated to observer swift development during the forthcoming years due to speedily improving healthcare infrastructure and huge targeted populace base.
Geographically, the embolic protection devices market is bifurcated into Europe, Asia Pacific, North America, MEA, and Latin America. North America, followed by Europe, is anticipated to capture the major share in the embolic protection devices market. This development is credited to increasing CVD cases, quick acceptance of latest technologies, and the occurrence of research and development centers. Asia Pacific is anticipated to observer lucrative during the forthcoming years crediting to investments from public and private entities, improvised healthcare infrastructure, increasing disposable income.
The global embolic protection devices market is segmented into product, application and region. On the basis of product the global Embolic protection devices market is segmented into distal occlusion filters, proximal occlusion filters, and distal filters. On the basis of application the global embolic protection devices market is segmented into neurovascular diseases, cardiovascular diseases, and peripheral vascular diseases. On the basis of region the global embolic protection devices market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East amp; Africa.
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Asia Pacific is anticipated to observer the highest CAGR of 7.3% during the forecast timeframe. Growing heart related disease, rising healthcare spending, and growing disposable income are expected to increase the development of the regional embolic protection devices industry. North America captures the market in 2018 owing to increase in case of cardiovascular illness and constant launch of new product portfolio associated to embolic protection devices by main key players. Also, inventive marketing strategies being accepted by main key companies to encourage and embolic protection devices market and associated products are expected to inspire end users to accept these products, which in turn will stimulate the development of the regional market.
The key players catering to the global embolic protection devices market are Innovative Cardiovascular Solutions, LLC, Boston Scientific Corp., Gore Medical, Claret Medical, Inc., Medtronic Plc, Edward Lifesciences, Abbott Laboratories, Cardinal Health, Transverse Medical, Inc., and Allium Medical. The global players are continuously investing in Ramp;D and innovating new product portfolio to attract more and more business opportunity from the emerging nation such as India and China. Also, Increasing Ramp;D investments coupled with technological advancements to commercialise highly efficient products are anticipated to offer lucrative opportunities for industry participants.
TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 4. EMBOLIC PROTECTION DEVICES MARKET BY PRODUCT
CHAPTER 5. EMBOLIC PROTECTION DEVICES MARKET BY APPLICATION
CHAPTER 6. NORTH AMERICA EMBOLIC PROTECTION DEVICES MARKET BY COUNTRY
CHAPTER 7. EUROPE EMBOLIC PROTECTION DEVICES MARKET BY COUNTRY
CHAPTER 8. ASIA-PACIFIC EMBOLIC PROTECTION DEVICES MARKET BY COUNTRY
CHAPTER 9. LATIN AMERICA EMBOLIC PROTECTION DEVICES MARKET BY COUNTRY
CHAPTER 10. MIDDLE EAST EMBOLIC PROTECTION DEVICES MARKET BY COUNTRY
CHAPTER 11. AFRICA EMBOLIC PROTECTION DEVICES MARKET BY COUNTRY
CHAPTER 12. COMPANY PROFILE
CHAPTER 13. RESEARCH APPROACH
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