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What's driving Embolic Protection Devices Market : Eminent Players – Abbott Laboratories, Cardinal Health, Medtronic, Boston Scientific, Gore Medical, Claret Medical, Allium Medical, Innovative Cardiovascular Solutions, Edward Lifesciences, and Transver

03-01-2019 09:14 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

U.S. dominated the embolic protection devices market in 2016. The largest share of the region should be attributed to increasing aging population. People aged 65 and above are set to increase to 20% of U.S. population in 2030 from 13% in 2000. In addition, increased adoption of new technologies to reap immediate benefits and favorable reimbursement scenario should further propel embolic protection devices market.

Japan was the largest embolic protection devices market in Asia Pacific region, followed by China and India in 2016. India and China are likely to witness lucrative growth during forecast period owing to rapid developments in healthcare infrastructure, increasing income levels, and presence of large patient pool of cardiovascular diseases.

Prominent industry players include Abbott Laboratories, Cardinal Health, Medtronic, Boston Scientific, Gore Medical, Claret Medical, Allium Medical, Innovative Cardiovascular Solutions, Edward Lifesciences, and Transverse Medical among others. In order to further strengthen its competitive advantage, the market players are investing into research and development of embolic protection devices for expanded clinical applications such as cerebral emboli protection and lower extremities procedures.

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Carotid artery diseases segment contributed largest share to the overall embolic protection devices market, mainly due to increase in the number of carotid artery stenting procedures. The adoption of minimally invasive procedures has led to popularity of carotid artery stenting over carotid endarterectomy. Further, increasing prevalence of carotid artery diseases should drive the segment growth during forecast period.

Peripheral artery diseases segment represents a significant market opportunity, since this segment is less penetrated. Embolic protection is required to prevent blood clots travelling into blood stream during peripheral artery interventions.

Distal filters are the largest revenue generators in embolic protection devices market owing to the advantages offered such as easy deployment, maintenance of antegrade blood flow, and non-interference with lesion visualization. Most of the manufacturers operating in this industry provide distal filter embolic protection devices.

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Embolic Protection Devices Market size is set to exceed USD 1.8 billion by 2024; according to a new research study published by Global Market Insights, Inc. Rising prevalence of cardiac diseases along with shift towards minimally invasive procedures is likely to stimulate embolic protection devices market growth. According to American Heart Association, cardiovascular diseases are identified to be the most common cause of death globally, claiming more than 17 million deaths in 2013. Citing this, various companies strive to enter the market by developing devices to protect brain injuries during various cardiac procedures.

The demand for embolic protection devices is predominantly driven by the increasing adoption of minimally invasive heart procedures such as carotid artery stenting and transcatheter aortic valve replacement (TAVR). Moreover, growing awareness among physicians regarding risks of brain injuries during cardiovascular interventions should drive the market penetration of embolic protection devices.

Increasing aging population has further contributed to rise in number of cardiovascular disease deaths globally. According to estimates, the percentage of population aged 60 and above is likely to reach to 1.6 billion by 2050. Since, aging is one of the significant factors responsible for cardiovascular diseases, the potential patient pool serves as a huge market opportunity for embolic protection devices in the coming years.

Growing patient awareness regarding peripheral vascular diseases and coronary artery diseases stands to be another significant factor driving the embolic protection devices market. Various government bodies, educational and non-government institutes are engaged spreading awareness about diseases and its treatment by launching awareness programs.

However, strict regulatory framework, and lack of notable reimbursement in certain countries may restrain embolic protection devices industry during the forecast timeframe. Moreover, increasing competition from new device manufacturers has created price competition, which may decrease the average selling prices in the years to come.

Carotid artery diseases segment contributed largest share to the overall embolic protection devices market, mainly due to increase in the number of carotid artery stenting procedures. The adoption of minimally invasive procedures has led to popularity of carotid artery stenting over carotid endarterectomy. Further, increasing prevalence of carotid artery diseases should drive the segment growth during forecast period.

Peripheral artery diseases segment represents a significant market opportunity, since this segment is less penetrated. Embolic protection is required to prevent blood clots travelling into blood stream during peripheral artery interventions.

Distal filters are the largest revenue generators in embolic protection devices market owing to the advantages offered such as easy deployment, maintenance of antegrade blood flow, and non-interference with lesion visualization. Most of the manufacturers operating in this industry provide distal filter embolic protection devices.

Report Content

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
1.2.1 Primary
1.2.2 Secondary

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
3.3.1.1 Growing geriatric population in China and Japan
3.3.1.2 Increasing prevalence of cardiovascular diseases in developing countries
3.3.1.3 Rising awareness regarding cardiac diseases in U.S.
3.3.1.4 Technological advancements in embolic protection devices
3.3.1.5 Growing preference for minimally invasive procedures
3.3.2 Industry pitfalls & challenges
3.3.2.1 Availability of alternative therapies
3.3.2.2 Stringent regulatory framework
3.4 Growth Potential Analysis
3.4.1 By Product
3.4.2 By Application
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.5.3 China
3.6 Competitive Benchmarking, 2016
3.6.1 Strategy dashboard
3.7 Porter’s analysis
3.8 PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

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