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Left Atrial Appendage Closure Device Market 2023 Segmentation with Recent Developments, Size, Share, Industry Analysis, Growth Strategies, And Future Forecast 2031
Left Atrial Appendage Closure Device Market
The left atrial appendage (LAA) is a small sac in the shape of an ear in the wall of the heart's top left chamber. During atrial fibrillation, the electrical impulses are controlled by this sac. The interventional devices known as LAA closure devices are used to stop atrial fibrillation from causing strokes and emboli.
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Left Atrial Appendage (LAA) Closure Device Market Size was Valued at USD 1.3 billion in 2021 and is Projected to Garner USD 8.2 billion by 2031 registering a CAGR of 21.0% from 2022 to 2031.
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Covid-19 Scenario
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.
Leading players of the global Left Atrial Appendage (LAA) Closure Device Market analyzed in the research include ๐๐ญ๐ซ๐ข๐๐ฎ๐ซ๐, ๐๐ง๐., ๐๐จ๐ฌ๐ญ๐จ๐ง ๐๐๐ข๐๐ง๐ญ๐ข๐๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐จ๐ก๐๐ซ๐๐ฑ ๐๐๐๐ข๐๐๐ฅ, ๐๐ญ. ๐๐ฎ๐๐ ๐๐๐๐ข๐๐๐ฅ, ๐๐๐๐ฅ๐ฎ๐ญ๐๐๐ก, ๐๐ข๐๐๐ญ๐๐๐ก ๐๐๐ข๐๐ง๐ญ๐ข๐๐ข๐, ๐๐๐ง๐ญ๐ซ๐๐๐๐๐๐, ๐๐ง๐., ๐๐ฏ๐๐ง๐ญ๐ข๐ฌ ๐๐๐๐ข๐๐๐ฅ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ, ๐๐ง๐ข๐ญ๐๐-๐๐ฎ๐๐ซ๐๐ข๐๐ง, ๐๐ง๐., ๐๐๐ซ๐๐ฌ๐ญ๐ซ๐๐๐ฆ ๐๐๐๐ฅ๐ญ๐ก.
๐๐๐๐ญ ๐๐ญ๐ซ๐ข๐๐ฅ ๐๐ฉ๐ฉ๐๐ง๐๐๐ ๐ (๐๐๐) ๐๐ฅ๐จ๐ฌ๐ฎ๐ซ๐ ๐๐๐ฏ๐ข๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: -
By Product
Epicardial LAA Closure Devices
Endocardial LAA Closure Devices
By End User
Heart Clinics
Hospitals
Ambulatory Service Centers
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 the widespread acceptance of advanced left atrial appendage closure devices, rise in the incidence of atrial fibrillation, and a 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,
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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 coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period 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?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
Which region has more opportunities?
By Region Outlook
North America
โฆ U.S.
โฆ Canada
โฆ Mexico
Europe
โฆ UK
โฆ Germany
โฆ France
โฆ Italy
โฆ Russia
โฆ Rest of Europe
Asia-Pacific
โฆ China
โฆ Japan
โฆ India
โฆ Australia
โฆ Rest of Asia-Pacific
LAMEA
โฆ Brazil
โฆ UAE
โฆ Turkey
โฆ Saudi Arabia
โฆ Rest of LAMEA
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