Market Research Report
Embolic Protection Devices Market Size By Product By Application - Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024
|Published by||Global Market Insights Inc.||Product code||619485|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Embolic Protection Devices Market Size By Product By Application - Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024|
|Published: February 27, 2018||Content info: 120 Pages||
Embolic Protection Devices Market will reach USD 1.8 billion by 2023; as per a new research report by Global Market Insights, Inc.
Growing geriatric population worldwide coupled with increasing incidence of cardiovascular diseases globally will drive industry growth over the forecast timeframe. Mounting patient awareness to treat peripheral and coronary heart diseases should also catalyze the growth of global embolic protection devices market.
Increasing aging population will substantially influence the embolic protection devices industry, as age is major factor responsible for developing coronary heart diseases, carotid heart diseases and stroke leading to death.
Rising preference towards minimally invasive procedures such as carotid angioplasty and TAVR should encourage the use of embolic protection devices. Physicians are now focusing on protecting brain injuries during various cardiac procedures by using embolic protection devices.
Embolic protection devices market growth should be slowed down by the presence of stringent regulatory scenario and unfavorable reimbursement scenario in certain countries. Moreover, dip in ASPs due to increase in competition is expected to impede the market growth over the forecast timeline.
Distal filters dominated the industry owing to its high penetration in the market. These devices are popularly used as they are easy to deploy, and do not interfere with lesion visualization.
Carotid artery diseases led the total embolic protection devices market in terms of application in 2016. These devices are largely used to prevent stroke while undertaking stenting procedures.
U.S. embolic protection devices market dominated the industry owing to incessant technological innovations in the region and increased use of these devices among physicians to avoid brain injuries during interventional cardiovascular procedures.
Germany embolic protection devices market holds the largest regional revenue share in the Europe market as a result of an increase in peripheral and interventional procedures in the region coupled with introduction of new devices with wide variety of configurations.
China is the fastest growing economy owing to prompt advancements in healthcare system and infrastructure, rising disposable income levels, and availability of large patient pool of cardiovascular diseases. Also, various embolic protection devices' manufacturers are eyeing upon Asian countries for business expansion due to its favorable business environment and presence of large untapped market needs.
Some of the notable industry players in the embolic protection devices market are Gore Medical, Innovative Cardiovascular Solutions, Innovative Cardiovascular Solutions, Medtronic, Allium Medical, Edward Lifesciences, Claret Medical, and Cardinal Health among others. Major industry players are increasing their focus on new product launches in order to expand their product portfolio and stay ahead in the competition. The players are also emphasizing on mergers and acquisitions to leverage their existing strengths and gain market share.