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    Left Atrial Appendage Closure Devices Market Report

    Left Atrial Appendage Closure Devices Market Report
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    Left Atrial Appendage Closure Devices Market Insights

    Left atrial appendage closure devices market is likely to witness an impressive CAGR of 24.5% during the forecast period. The prime factors that are contributing to the demand for left atrial appendage closure devices are growing ageing population, increasing occurrence of atrial fibrillation, increasing government initiatives, and the technological advancements taking place in the market.

    Left Atrial Appendage Closure Devices Market - Snapshot

    Growth

    24.5% for the next five years

    Fastest-Growing Product Type

    Epicardial Left Atrial Appendage Closure Devices

    Fastest-Growing Procedure Type

    Surgical Procedure

    Region with the Highest demand

    North America

    Key Players

    Abbott Laboratories, Aegis Medical Group, AtriCure Inc., Boston Scientific Corporation, Coherex Medical Inc., Dune Medical Devices, Johnson & Johnson Services, Inc., Lifetech Scientific, Cardia, Inc., Occlutech International AB, and St. Jude Medical, Inc.

     

    Market Share Analysis

    Left-Atrial-Appendage-Closure-Devices-Market-Dominant-Segments

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    Left Atrial Appendage Closure Devices Market Share: By Product Type

    Based on the product type, the market is segmented as endocardial LAA devices and epicardial LAA devices. The epicardial left atrial appendage closure device segment is estimated to grow at a higher CAGR during the forecast period, driven by its ability to nullify the need for implanting a permanent device. Also, these devices do not require anticoagulation post-procedure, further accelerating the market growth.

    Left Atrial Appendage Closure Devices Market Share: By Procedure Type

    Based on the procedure type, the left atrial appendage closure devices market is segmented as percutaneous and surgical. The surgical procedure segment is expected to witness an impressive growth during the forecast period, owing to the availability of different surgical approaches to LAA occlusion such as suture exclusion, stapler excision, epicardial exclusion clips and suture loops.

    Left Atrial Appendage Closure Devices Market Share: By Region

    In terms of regions, North America is estimated to be the fastest-growing region for the left atrial appendage closure devices market, driven by the increasing number of patients suffering from atrial fibrillation coupled with other arrhythmias in Canada. Europe and Asia-Pacific are also expected to offer promising growth opportunities during the forecast period.

    Left-Atrial-Appendage-Closure-Devices-Market-By-Region

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    Some of the major left atrial appendage closure device manufacturers are-

    • Abbott Laboratories
    • Aegis Medical Group
    • AtriCure Inc.
    • Boston Scientific Corporation
    • Coherex Medical Inc.
    • Dune Medical Devices
    • Johnson & Johnson Services, Inc.
    • Lifetech Scientific
    • Cardia, Inc.
    • Occlutech International AB
    • St. Jude Medical, Inc.

     

    Market Scope & Segmentation

    LAA closure is a technique that assists in lowering the risk of stroke. It (LAA) is a small sized, ear-shaped sac sited in the muscle wall of left atrium. Left atrial appendage closure devices are used to reduce the possibility of blood clots, thus preventing stroke. They are implantable cardiac devices which are placed in the left atrial appendage for prevention of stroke in patients.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Left Atrial Appendage Closure Devices Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The left atrial appendage closure devices market is segmented into the following categories. 

    Left Atrial Appendage Closure Devices Market Size, Share, & Forecast, by Product Type:

    • Endocardial LAA Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epicardial LAA Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Left Atrial Appendage Closure Devices Market Size, Share, & Forecast, by Procedure Type:

    • Percutaneous (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Surgical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Left Atrial Appendage Closure Devices Market Size, Share, & Forecast, by End-Use Type:

    • Hospitals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ambulatory Surgical Centres (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Left Atrial Appendage Closure Devices Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Left-Atrial-Appendage-Closure-Devices-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    Left atrial appendage closure devices market is expected to witness an impressive growth of 24.5% CAGR in the foreseeable future.

    Abbott Laboratories, Aegis Medical Group, AtriCure Inc., Boston Scientific Corporation, Coherex Medical Inc., Dune Medical Devices, Johnson & Johnson Services, Inc., Lifetech Scientific, Cardia, Inc., Occlutech International AB, and St. Jude Medical, Inc. are among the key players in the Left Atrial Appendage Closure Devices Market.

    North America is expected to be the fastest growing left appendage closure devices market during the forecast period.

    The epicardial left atrial appendage closure device segment is expected to grow at a higher CAGR in the left appendage closure devices market in the coming years.

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