Embolic Protection Devices Market : Study on Key Players | Abbott Laboratories, Cardinal Health, Medtronic, Boston Scientific, Gore Medical, Claret Medical, Allium Medical, Innovative Cardiovascular Solutions, Edward Lifesciences, and Transverse Medical
An inherent vertical of the healthcare space, the competitive landscape of embolic protection devices market is defined by geographical expansions and M&As. Recently for instance, InspireMD, Inc., one of the global producers of embolic protection devices, signed an agreement with various regional distributors for extending its presence across myriad geographies. In Greece, the firm partnered with T-Vascular IKE Medical Supplies and in the Caribbean, it has collaborated with SRL and Endo-Serv. With this exclusive distribution agreement, InspireMD is looking forward to attracting more customers for supplying highly advanced and minimally invasive medical devices. Another factor that may support the embolic protection devices industry player in its endeavor is that its regional distributors encompass a loyal, strong consumer base. Indeed, companies have been continually adopting such tactics to sustain in embolic protection devices market, the valuation of which stood at USD 870 million in 2016.
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The escalating occurrence of cardiovascular diseases, particularly among the geriatric population, thus, is a major driving force for embolic protection devices market. These components are prominently used in cardiac surgeries to reduce complications due to debris, owing to their superior design. Indeed, these devices also find extensive usage in ventricular assist device explantation and high-risk coronary artery bypass grafting. Driven by the nature of seriousness of these procedures, hospitals mandatorily prefer official FDA-approved EPD devices – a trend that is encouraging embolic protection devices market players to constantly improve their product portfolios.
Recently in 2017, the U.S. based Claret Medical received clearance for its Sentinel Cerebral Protection System. With the development of this system, it has set a high standard of care in the United States to protect patient from strokes. Apparently, this system has the capability to remove the debris associated with TAVR (transcatheter aortic heart valve replacement). As per statistics, the implementation of this novel system in TAVR has protected over 5,500 patients from the risk of stroke. In alignment with Claret, numerous other giants in embolic protection devices industry have been increasingly involved in the development of clinically advanced and next-generation minimally invasive medical devices. This would have considerable influence on product demand over the years ahead.
Apart from product differentiation, considering the future scope of highly advanced EPDs, companies in embolic protection devices industry have also been involved in the clinical trials of medical devices. The major concerns for these firms presently is safety and feasibility associated with the products. Recently, Contego Medical, LLC, a leading producer of medical devices for peripheral vascular and cardiovascular treatments, commenced a clinical trial for one of its drugs. The trial was conducted to evaluate the safety of the Neuroguard IEP® 3-in-1 Carotid Stent & Post-Dilation Balloon System with an Integrated Embolic Protection. With this development, Contego Medical has indeed added value to its neurovascular product portfolio and its research spectrum, encouraging other embolic protection devices industry biggies to do the same.
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Numerous behemoths across embolic protection devices market have been aiming to set up novel benchmarks with regards to innovative product development. For instance, recently in 2017, Venus Medtech received the official approval from the China FDA for its Venus A-valve device. Apparently, this device offers a less invasive treatment solution for patients classified under the high-risk category. Medical device manufacturers thus, have been shifting their focus toward the development of highly advanced EPDs. Aided by their significant efforts, in conjunction with the emerging application arenas of these components, like atherectomy procedures, embolic protection devices industry is likely to garner appreciable gains over 2017-2024.
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Embolic protection devices industry 3600 synopsis, 2013 – 2024 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Embolic Protection Devices Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 – 2024 (USD Million)
3.3 Industry impact forces
3.3.1 Growth drivers
22.214.171.124 Growing geriatric population in China and Japan
126.96.36.199 Increasing prevalence of cardiovascular diseases in developing countries
188.8.131.52 Rising awareness regarding cardiac diseases in U.S.
184.108.40.206 Technological advancements in embolic protection devices
220.127.116.11 Growing preference for minimally invasive procedures
3.3.2 Industry pitfalls & challenges
18.104.22.168 Availability of alternative therapies
22.214.171.124 Stringent regulatory framework
3.4 Growth Potential Analysis
3.4.1 By Product
3.4.2 By Application
3.5 Regulatory landscape
3.6 Competitive Benchmarking, 2016
3.6.1 Strategy dashboard
3.7 Porter’s analysis
3.8 PESTEL analysis
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