Press release
Left Atrial Appendage (LAA) Closure Market – Current Trends, Opportunities & Challenges by 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Left Atrial Appendage (LAA) Closure" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Left atrial appendage (LAA) is a common site for thrombus formation. LAA is multi-lobed and can vary in orifice size and length. The varying shapes of LAA orifice are considered important when performing device closure since current devices are circular. LAA closure is a minimally invasive technique used to reduce the risk of stroke that may occur as a result of atrial fibrillation. LAA closure device is an interventional device used to avoid stroke, and mitigate the risk of embolism and secondary stroke because of atrial fibrillation.
Rise in global demand for LAA closure can be primarily ascribed to the increase in number of geriatric population, growth in prevalence of atrial fibrillation, and technological advancements. Additionally, increase in investments by government and private companies in the field of atrial fibrillation is one of the key factors driving the global LAA closure market. However, presence of alternative technologies and high cost of LAA closure are the major factors hampering the global LAA closure market. Constant technological innovation and inclusion of modern technologies is leading to a rise in overall cost of the systems. This is prompting consumers to opt for alternative techniques, thereby restraining the global LAA closure market.
The global LAA closure market can be segmented based on product type, end-user, and geography. In terms of product type, the LAA closure market can be divided into endocardial and epicardial. Based on end-user, the LAA closure market can be segregated into hospitals, ambulatory surgery centers, and heart clinics.
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Geographically, the global LAA closure market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises cumulative left atrial appendage (LAA) closure market for the U.S and Canada. Europe comprises collective market of left atrial appendage (LAA) closure in Germany, Italy, France, Spain, and Rest of Europe. Asia Pacific comprises cumulative market of left atrial appendage (LAA) closure in China, India, Australia, and New Zealand. Currently, North America leads the global LAA closure market. Europe also accounts for key share of the LAA closure market. Factors such as highly developed healthcare, biotechnology research infrastructure, availability of government grants to support research activities, and availability of skilled personnel to perform LAA closure procedures are driving the LAA closure market in North America and Europe. The LAA closure market in Asia Pacific is expanding at a significant rate owing to the rapidly developing healthcare infrastructure in the region. Furthermore, availability of advanced facilities at cheaper rates and rise in medical tourism are encouraging various companies in the market to establish research and development and manufacturing facilities in Asia Pacific. India, China, Japan, South Korea, and Singapore are some of the emerging economies that are attractive markets for LAA closure owing to the rise in disposable income and rapid increase in adoption of advanced technologies in these countries.
Prominent players operating in the LAA closure market are Sentreheart, Inc., Dune Medical Devices, Coherex Medical, Lifetech Scientific (Shenzhen), Abbott, Atricure, and BoAston Scientific Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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