Press release
Left Appendage Occlusion Device Market Closing the Gap on Stroke Risk: The Left Atrial Appendage Occlusion Device
Left Appendage Occlusion Device Market Assessment worth $ XX Million by 2030 - Exclusive Report by InsightAce AnalyticInsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Left Appendage Occlusion Device Market- by Brand (Sierra, AtriClip, WaveCrest, Amplatzer Amulet, WATCHMAN, Ultrasept, LAmbre, and LARIAT), Distribution Channel (Hospitals, Ambulatory Surgical Centers, and Heart Clinics), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
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According to the latest research by InsightAce Analytic, the global Left Appendage Occlusion Device market is valued at US$ XX Million in 2021, and it is expected to reach US$ XX Million by 2030, with a CAGR of XX% during a forecast period of 2024-2031.
Left atrial appendage occlusion (LAAO) devices are increasingly used in minimally invasive procedures like thoracoscopic LAAO closure and percutaneous transluminal LAAO occlusion. These devices play a crucial role in managing atrial fibrillation (AFib), a condition that disrupts the heart's normal rhythm and can lead to blood clot formation.
LAAO devices work by closing off the left atrial appendage (LAA), a small pouch in the heart. During AFib, blood clots can dislodge from the LAA and travel to the brain, causing strokes. LAAO devices help reduce the risk of stroke by preventing clot formation in the LAA.
The LAAO device market is anticipated to experience significant growth in the coming years. Several factors are driving this expansion:
• Rising AFib prevalence: The growing number of AFib cases is creating a larger patient population who may benefit from LAAO therapy.
• Increased awareness: Greater public and healthcare professional awareness of LAAO devices as a stroke prevention tool is fueling market growth.
• New product launches: The introduction of innovative LAAO devices in international markets is expanding treatment options.
• Clinical data: Clinical studies demonstrating the advantages of LAAO devices compared to traditional medications like warfarin and dabigatran are driving market adoption.
However, some challenges are hindering broader market expansion:
• Procedural complexity: Implanting LAAO devices requires highly skilled surgeons, limiting widespread adoption in some regions.
• Stringent regulations: The stringent regulatory approval process for new LAAO devices can slow down market entry for innovative technologies.
North America is anticipated to be the major contributor to the Left Appendage Occlusion Device market over the forecast years. In order to reduce the burden of the conditions, there are strong medical technology businesses, CDMOs for medical equipment, and even strong backing from the federal government.
Atrial fibrillation is becoming more common, and the Left Appendage Occlusion Device offers many benefits, which are some of the known drivers driving the market. In addition, the Asia Pacific Left Appendage Occlusion Device market is expected to grow significantly during the forecast period.
The market is being driven by both technological advancements and an increase in the prevalence of atrial fibrillation in the elderly population. Cardiovascular diseases that result in heart attacks are more common in people over 65. Strong demand for these devices is anticipated over the projection period as a result. A surge in government initiatives to raise public awareness about cardiovascular illnesses is also helping to boost the industry.
Major market players operating in the Left Appendage Occlusion Device market include Atricure, Boston Scientific, Biosense Webster, Abbott Laboratories, Aegis Medical, Cardia, Lifetech Scientific, and Sentreheart.
Recent collaborations and agreements in the market:
• In August 2021, the Amplatzer Amulet Left Atrial Appendage (LAA) Occluder manufactured by Abbott Laboratories was given FDA approval in the United States. The purpose of these devices is to treat atrial fibrillation. This approval will help the business increase product sales and take a significant market share in the United States.
• In July 2020, the FDA in the United States approved Boston Scientific Corporation's WATCHMAN FLX Left Atrial Appendage Closure (LAAC) Device. This approval helped the business improve the left atrial appendage closure devices it offered, giving it a competitive edge in the market.
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Market Segments
Global Left Appendage Occlusion Device Market, by Brand, 2022-2030 (Value US$ Mn)
• Sierra
• AtriClip
• WaveCrest
• Amplatzer Amulet
• WATCHMAN
• Ultrasept
• LAmbre
• LARIAT
Global Left Appendage Occlusion Device Market, by Distribution Channel, 2022-2030 (Value US$ Mn)
• Hospitals
• Ambulatory Surgical Centers
• Heart Clinics
Global Left Appendage Occlusion Device Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Left Appendage Occlusion Device Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Left Appendage Occlusion Device Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Left Appendage Occlusion Device Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Left Appendage Occlusion Device Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Left Appendage Occlusion Device Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Left Appendage Occlusion Device market
To receive an industry overview and future trends of the Left Appendage Occlusion Device market
To analyze the Left Appendage Occlusion Device market drivers and challenges
To get information on the Left Appendage Occlusion Device market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Left Appendage Occlusion Device market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
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