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Left Atrial Appendage (LAA) Closure Devices Market Size 2022 | Boosting The Industry Growth, Covid-19 Impact, Dynamics and Trends, Global Forecast to 2031
Left Atrial Appendage (LAA) Closure Device Market Size
Covid-19 Scenario (Pre & Post Covid-19 Impact and Recovery Analysis (Estimates) is Covered in Left Atrial Appendage (LAA) Closure Devices Market Research Report )
• The Covid-19 pandemic made a considerable impact on the left atrial appendage closure devices market. The development and manufacturing activities of LAA closure devices were stopped due to lockdown restrictions and unavailability of sufficient raw materials.
• Moreover, hospitals and health authorities issued the cancellation or postponement of non-urgent procedures such as structural heart (SH) interventional surgeries for lowering down patient exposure to Covid-19 infection and preserve the capacity of ICUs for catering to Covid-infected patients.
• The limited availability of ICU beds and anaesthesiology led to considerable barriers in carrying out non-urgent structural heart interventions including LAA closure procedures and lowered use of LAA closure devices. This made a negative impact on the revenue.
• However, the market is expected to recover post-pandemic as SH interventional surgeries got back on track with vaccination programs and other preventive measures in place.
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The Global Left Atrial Appendage Closure Device Market Size was valued at USD 1.3 billion in 2021, is poised to Reach USD 8.2 billion by 2031, witnessing a Growing CAGR of 21.0% from 2022 to 2031.
Left Atrial Appendage (LAA) Closure Device Market Key Segments:
By Product
• Epicardial LAA Closure Device
• Endocardial LAA Closure Device
By End User
• Hospitals
• Ambulatory Surgical Centers
• Heart Clinics
Leading Market Players
SentreHEART, Inc.
Boston Scientific Corporation
AtriCure, Inc.
Abbott Laboratories
Occlutech
Lifetech Scientific Corporation
Cardia, Inc.
Aegis Medical Group
Biosense Webster, Inc.
Johnson & Johnson Services, Inc.
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Based on region, North America held the largest market share in 2021, accounting for nearly half of the global left atrial appendage closure device market, and is projected to maintain its dominance in terms of revenue during the forecast period. This is due to widespread acceptance of advanced left atrial appendage closure devices, rise in incidence of atrial fibrillation, and well-developed healthcare infrastructure.
However, Asia-Pacific is projected to grow at the largest CAGR of 22.2% from 2022 to 2031, owing to high preference and acceptance of advanced technologies in closure devices in medical facilities in the region.
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
Our Market Research Solution Provides You Answer to Below Mentioned Question:
· Which are the driving factors responsible for the growth of market?
· Which are the roadblock factors of this market?
· What are the new opportunities, by which market will grow in the coming years?
· What are the trends of this market?
· Which are main factors responsible for new product launch?
· How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
· How big is the global & regional market in terms of revenue, sales and production?
· Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
· Which region has more opportunities
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