Embolic Protection Devices Market Share & Size, Growth, Industry Trends | Emergen Research The latest research report by Reports and Data, named ‘Global Embolic Protection Devices Market – Forecast to 2027’, entails a comprehensive review of the global Embolic Protection Devices market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Embolic Protection Devices industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Embolic Protection Devices industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness. The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Embolic Protection Devices market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Embolic Protection Devices industry.
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The embolic protection devices market plays a crucial role in preventing complications during cardiovascular procedures by capturing and removing embolic debris that may dislodge during the procedure. These devices are used in interventions such as transcatheter aortic valve replacement (TAVR), carotid artery stenting, and percutaneous coronary intervention (PCI). The global embolic protection devices market size was USD 558.0 Million in 2022 and is expected to register a revenue CAGR of 8.3% during the forecast period. The market for embolic protection devices is driven by several factors, including the increasing prevalence of cardiovascular diseases, technological advancements, and the growing adoption of minimally invasive procedures.
The rising prevalence of cardiovascular diseases is a major driver for the embolic protection devices market. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, accounting for approximately 17.9 million deaths each year. Embolic protection devices help reduce the risk of complications, such as stroke and myocardial infarction, during cardiovascular interventions, improving patient outcomes and reducing healthcare costs.
Technological advancements in embolic protection devices have also contributed to market growth. Manufacturers are continuously innovating to develop devices with improved capture efficiency, ease of use, and compatibility with various procedures. For example, the development of distal filter devices and proximal occlusion devices has enhanced the effectiveness of embolic protection during TAVR and carotid artery stenting procedures.
However, there are certain restraints that may hinder the growth of the embolic protection devices market. One of the major challenges is the high cost associated with these devices. The initial investment, as well as the cost of disposable components, can be significant, particularly for healthcare facilities with limited budgets. This can limit the adoption of embolic protection devices, especially in developing regions.
Another challenge is the lack of reimbursement coverage for these devices in some healthcare systems. Reimbursement policies vary across countries, and the lack of adequate reimbursement can impact the affordability and accessibility of embolic protection devices. Efforts are being made to address this issue and expand reimbursement coverage for these devices.
To provide some statistics, according to a report by the American Heart Association, in the United States, cardiovascular diseases accounted for approximately 836,546 deaths in 2020, representing 1 in 3 deaths. The report also highlights the increasing adoption of minimally invasive procedures, such as TAVR and carotid artery stenting, which require the use of embolic protection devices. [Source: American Heart Association]
In terms of recent product launches, here are a few examples:
In February 2023, Boston Scientific launched the Sentinel Cerebral Protection System, an embolic protection device designed for use during TAVR procedures. The device captures and removes embolic debris that may be released during the procedure, reducing the risk of stroke. In March 2023, Medtronic introduced the Emboshield NAV6 Embolic Protection System, a device used during carotid artery stenting procedures. The device is designed to capture and remove embolic debris, reducing the risk of stroke and improving patient outcomes.
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Top competitors of the Embolic Protection Devices Market profiled in the report include:
Medtronic, Boston Scientific Corporation, Abbott, Allium Ltd, Contego Medical, Inc., Edwards Lifesciences Corporation., Innovative Cardiovascular Solutions, LLC., NIPRO, Hologic, Inc., Cardinal Health.
Emergen Research has segmented the global Embolic Protection Devices on the basis of product, fitting, application, and region:
Product Outlook (Revenue, USD Million; 2019-2032) Distal Filter Devices Occlusion Devices Proximal Occlusion Filters Devices
Material Outlook (Revenue, USD Million; 2019-2032) Nitinol Polyurethane
Application Outlook (Revenue, USD Million; 2019-2032) Cardio-vascular diseases Neurovascular diseases Peripheral vascular diseases Coronary artery disease Others
Regional Analysis of the Embolic Protection Devices Market:
North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Unfolding the prime factors prompting global market growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Embolic Protection Devices market into a broad product spectrum. The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period. A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights. Global Embolic Protection Devices Market Geographical Landscape – Synopsis:
The report closely studies the growth trajectory of the global Embolic Protection Devices market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market. Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions. Elucidating the competitive landscape of the Global Embolic Protection Devices Market:
The global Embolic Protection Devices market report offers viable insights into the competitive spectrum of the Embolic Protection Devices business sphere. The report systematically profiles the company information of each market player. It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player. The study showcases the extensive product portfolios of the prominent market contenders. It offers critical data & information about the product application scope and the end-user landscape. The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures. Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1985
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Embolic Protection Devices Snapshots
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