A recent report published by Infinium Global Research on left atrial appendage (LAA) closure device market provides an in-depth analysis of segments and sub-segments in global as well as regional left atrial appendage closure device market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional left atrial appendage closure device market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global left atrial appendage closure device market. According to the report the global left atrial appendage closure device market is projected to grow at a CAGR of 30.6% over the forecast period of 2018-2024.
The left atrial appendage is a small, ear-shaped sac in the muscle wall of the left atrium (top left chamber of the heart). When a patient has atrial fibrillation, the electrical impulses that control the heartbeat do not travel in an orderly fashion through the heart. Instead, many impulses begin at the same time and spread through the atria. The fast and chaotic impulses do not give the atria time to contract and/or effectively squeeze blood into the ventricles. Because the LAA is a little pouch, blood collects there and can form clots in the LAA and atria. When blood clots are pumped out of the heart, they can cause a stroke. The risk of blood clots can be averted through several options and devices for closure of the LAA.
The global market size of LAA closure device market was worth USD XX million and it is projected to reach USD XX million by 2024. Rise in prevalence of atrial fibrillation in the geriatric population to primarily drive the global LAA closure device market. Moreover, a surge in government initiatives to raise public awareness related to cardiovascular diseases boosts the market growth. However, stringent government regulations towards LAA closure systems impede this growth. Technological advancements in LAA closure devices can further boost the LAA closure device market.
Geographically, North America leads the LAA closure device market. Europe too holds significant market share in the LAA closure device market. Asia Pacific is expected to grow with the highest CAGR owing to rapid development in healthcare infrastructure in developing countries of Asia Pacific. India, China, and South East Asian countries are some of the emerging economies that are attractive markets for LAA closure devices.
The report on the global left atrial appendage closure device market covers segments such as product type and end-user. On the basis of product type the global left atrial appendage closure device market is categorized into epicardial LAA closure device and endocardial LAA closure device. On the basis of end-user, the global left atrial appendage closure device market is categorized into hospitals, heart clinics, and ambulatory surgical centers.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global left atrial appendage closure device market such as Boston Scientific, Coherex Medical, St Jude Medical, Articure, Dune Medical Devices, Sentreheart Inc., Abbott Laboratories and Lifetech Scientific (Shenzhen).
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global left atrial appendage closure device market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of left atrial appendage closure device market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the left atrial appendage closure device market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the left atrial appendage closure device market to understand the present and future trends in this market and formulate their strategies accordingly.
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