Embolic Protection Devices Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The embolic protection devices market size has also seen strong growth recently, expected to rise from $1.05 billion in 2023 to $1.14 billion in 2024, reflecting a CAGR of 8.3%. This growth in the historical period can be attributed to the increasing demand for advanced interventional techniques, the rise in the geriatric population, growth in healthcare infrastructure, higher investments in research and development, and a surge in clinical trials. The market is forecasted to reach $1.57 billion by 2028, with a CAGR of 8.4%. The expected growth in the upcoming years is driven by expanding applications in various vascular procedures, a growing number of complex cardiovascular procedures, an increasing prevalence of cardiovascular diseases, a rise in the adoption of minimally invasive procedures, and heightened awareness about embolic risks. Major trends in this forecast period include technological advancements, digital health technologies, personalized medicine, the use of bioresorbable materials, and the development of next-generation filter technologies.
The rising cases of cardiovascular disorders are expected to significantly boost the growth of the embolic protection devices market in the coming years. Cardiovascular disorders include conditions such as heart attacks, strokes, and hypertension, which can disrupt blood circulation and lead to severe health issues. Urbanization often brings lifestyle changes that contribute to these disorders, including reduced physical activity, increased pollution, and higher consumption of unhealthy foods. Furthermore, poor dietary choices and escalating obesity rates play a significant role in the increase of cardiovascular problems. Embolic protection devices are designed to capture and remove debris that could obstruct blood flow during cardiovascular procedures, thereby reducing the risk of complications like strokes and enhancing the safety and effectiveness of these interventions. For instance, in March 2022, the Office for National Statistics, a UK-based national statistical authority, reported that heart attack deaths numbered 20,061 in 2021, an increase from 19,440 in 2020. Hence, the rising incidence of cardiovascular disorders is driving growth in the embolic protection devices market.
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What Are The Key Trends That Influence Embolic Protection Devices Market Share Analysis?
Major companies in the embolic protection devices market are focused on developing advanced technologies, such as the integrated 4Fr radiopaque pigtail catheter, to enhance the safety, effectiveness, and efficiency of cardiovascular interventions. The integrated 4Fr radiopaque pigtail catheter is designed to allow continuous imaging and precise positioning during cardiovascular procedures. For example, in March 2021, Innovative Cardiovascular Solutions, LLC, a US-based medical device company, launched the Next Generation EMBLOK Embolic Protection System to reduce the risk of embolic debris during transcatheter aortic valve replacement (TAVR) procedures. The primary goal of the EMBLOK system is to provide complete circumferential aortic coverage, capturing and removing embolic debris released during TAVR procedures to prevent it from entering cerebral and peripheral vascular circulation, thus enhancing patient safety and minimizing clinical complications.
Which Market Players Are Driving Growth In The Embolic Protection Devices Market?
Major companies operating in the embolic protection devices market are Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, W L Gore & Associates Inc., Cook Medical LLC, LivaNova PLC, Cordis Corporation, MicroPort Scientific Corporation, Biotronik SE & Co. KG, Endologix LLC, Claret Medical Inc., Cardiovascular Systems Inc., Silk Road Medical Inc., CeloNova Biosciences Inc., Veryan Medical Ltd., Emboline Inc., Keystone Heart Ltd., InspireMD Inc., Innovative Cardiovascular Solutions LLC, Allium Medical Solutions Ltd., Contego Medical LLC, AngioSlide Ltd., Transverse Medical Inc
How Is The Global Embolic Protection Devices Market Segmented?
The embolic protection devices market covered in this report is segmented –
1) By Type: Distal Filter Devices, Distal Occlusion Devices, Proximal Occlusion Devices
2) By Material: Nitinol, Polyurethane
3) By Application: Cardiovascular Disease, Neurovascular Disease, Peripheral Disease
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
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The Embolic Protection Devices Global Market Report 2024 provides an overview of the embolic protection devicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The embolic protection devices market forecast analyzes embolic protection devices market size, embolic protection devices market share, leading competitor and their market positions.
The Table Of Content For The Embolic Protection Devices Market Include
1. Embolic Protection Devices Market Executive Summary
2. Embolic Protection Devices Market Segments
3. Embolic Protection Devices Market Size And Template Market Growth Rate
4. Key Embolic Protection Devices Market Trends
5. Major Embolic Protection Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Embolic Protection Devices Market
26. Top Embolic Protection Devices Companies
27. Embolic Protection Devices Market Opportunities And Strategies
28. Embolic Protection Devices Market, Conclusions And Recommendations
29. Appendix
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