Embolic Protection Devices Market Size To Reach USD 871.4 Million By 2028 | Top Key Players Medtronic, Abbott, Boston Scientific

Government initiatives for improving quality of life by ensuring that the masses are able to receive the treatments in affordable costs, increasing prevalence of cardio-vascular diseases, and hike in the investments for R & D are contributing to high CAGR of Embolic Protection Devices market during the forecast period.

According to the current analysis of Reports and Data, the global Embolic Protection Devices market was valued at USD 466.7 Million in 2020 and is expected to reach USD 871.4 Million by the year 2028, at a CAGR of 8.3%. Embolic Protection Devices (EPDs) are those gadgets that are used both pre- and post-surgery. The primary use of this device is to capture the blood agglomerates and debris, which are plaques that fallout from the artery and floats loosely in the bloodstream during the surgical procedure. The accumulation of such agglomerates on the vessels of the patient would lead to blockages and edema. The instruments that are used to excavate such masses are termed as Embolic Protection Devices.

The various factors that are responsible for the hike in market growth are the increase in the prevalence of Cardiovascular Diseases (CVDs), the rise in technological advancements in the Embolic Protection Devices, and an increase in the demand for minimally invasive procedures. According to the American Heart Association, more than 92 million Americans are suffering from cardio-vascular diseases.

Additionally, CVDs account for nearly 2,300 deaths in Americans every day. Thus traction in the embolic protection devices is expected in the forecast period. Furthermore, an increase in investment and funding is the crucial factor that overcomes the problem faced with conventional procedures, which will foster the growth of the market rapidly. In addition, the increase in the geriatric population is also a key driver for the rise in the embolic protection devices industry. For instance, the World Health Organization estimated that the world's geriatric population would double from 12% to 22% between 2015 and 2050. These statistics are the critical factors which suggest that the industry in this segment is expected to gain traction due to increased adoption of the innovations in the technology for improving the life expectancy of the individuals.

Moreover, the government initiatives for the early diagnosis of life-threatening diseases would fuel the market in the coming years. At the same time, product failures and increased recall due to poor quality of the products are expected to hamper the growth of the market.

The recent development in the Embolic Protection Devices segment is Nitinol, which is highly elastic material and has a braided design, providing full wall apposition and is expected to fuel the growth of the industry in the forecast period.

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The global Embolic Protection Devices market is expected to register significant growth throughout the forecast period. The pharmaceutical & healthcare sector has register significant revenue growth over the recent past. Technological advancements in the healthcare and medical sector, availability of latest tools and techniques, increasing investments in the healthcare sector and improving healthcare infrastructure are key factors boosting market growth. In addition, rising funds by several public and private sectors, high adoption of POC diagnosis and home care settings, is further fueling market growth.

The current pandemic has been very challenging for all industries including the healthcare and pharma sector. Shortage of medicines, vaccines and others healthcare facilities is expected to open lucrative growth opportunities for market players in going ahead.

Competitive Landscape:

The report offers detailed information about recent activities by market players, their market position, financial status, global standing, services and product portfolio along with license agreement. These key players are adopting various strategies such as partnerships, collaborations, merger and acquisitions, and joint ventures to gain robust footing in the market. These players are also investing in research and development activities to come up with enhanced materials and products.

Further key findings from the report suggest

• According to the World Health Organization (WHO), the proportion of the world's geriatric population will nearly double from 12% to 22% between 2015 and 2050. And hence the proportion at which the market would grow is expected to be much higher in the coming years.

• In recent years, the growth attributed to the technological advancement of the material used in Embolic Protection Devices, Nitinol which is less reactive and invasive, was recently brought under this segment and would help the end-users to turn towards the surgical practices to be carried out, which would boost the sales in the forecast period.

• The key players in this segment are undergoing quick advancements in the technology to fill the gap in the demands. For instance, Medtronic Company introduced the Ultra proximal protection device, which is a double occlusive balloon system that enhances proximal embolic protection prior to carotid lesions. The advancements in the technology for the Embolic Protection Devices would surge the demand.

• Transcatheter Aortic Valve Replacement centers are observed to increase from 156 in 2012 to 511 in 2017 as per statistics in U.S. This traction in the surgical centers also implies that the need to undergo such surgeries is also increasing in faster pace and hence proportionately the demand for Embolic Protection Devices is also expected to propel in the forecast period.

• According to the Brain Aneurysm Foundation, the statistics of the total deaths due to Brain Aneurosym was observed to be 50,000, which is predominantly experienced by the individuals falling in the age group of 40 10 60 years. This awareness of the growing death rates would result in the growth of the surgeries and pre-diagnostics in this sector.

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For the purpose of this report, Reports and Data has segmented the Embolic Protection Devices market on the basis of device, material, indication, end-use and region:

Device Outlook (Revenue in Million USD; 2018–2028)

• Distal Filter Devices
• Occlusion Devices
o Distal Occlusive Devices
o Proximal Occlusive Devices

Material Outlook (Revenue in Million USD; 2018–2028)

• Polyurethane
• Nitinol

Indication Outlook (Revenue in Million USD; 2018–2028)

• Neurovascular Diseases
• Cardio-vascular Diseases
• Coronary Artery Disease
• Peripheral Vascular Diseases
• Saphenous Vein Graft Disease
• Others

End-Use Outlook (Revenue in Million USD; 2018–2028)

• Hospitals & Clinics
• Ambulatory Surgical Centers
• Specialty Centers
• Others

Regional Outlook (Revenue in Million USD; 2018–2028)

• North America
o U.S
o Canada
• Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of the Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
• Latin America
o Brazil

Key findings in the report:

• Information about key trends, technological developments, growing focus on drug discovery and investments in research and development activities
• Detailed insights about manufactures, product portfolios, pricing analysis and financial pricing
• Technological developments and detailed analysis in the volatile competitive landscape.
• New strategies adopted by new and emerging market players
• Estimation about manufactures, sales and import and export dynamics

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