As per the study undertaken by the team of Market Research Future (MRFR), the global embolic protection devices market is expected to witness considerable growth during the forecast period between 2018 and 2023. The market valuation stood at USD 400 million back in 2017, however, the market will propel with a compound annual growth rate of 8.5% in the forthcoming years of the forecast period.
The market is identified to be primarily driven by factors such as increasing technologically advanced devices, widespread prevalence of cardiovascular diseases, growing demand for minimally invasive procedures, and booming penetration by market players. Add to this, factors like increasing instances of approval of embolic protection devices market, increasing reimbursement coverage for cardiologic anomalies, and favorable government initiatives are all likely to push the growth of the market. However, at the same time, factors like increasing product failures and incidences of recalls are likely to dampen the expected growth of the market.
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Segmentation
The global embolic protection devices market segmentation is done based on usage, material, type, application, and end-user.
By Usage
- Disposable Devices
- Reusable Devices
By Material
- Polyurethane
- Nitinol Materials
By Type
- Distal Occlusion Devices
- Proximal Occlusion Devices
- Distal Filter Devices
By Application
- Neurovascular Diseases
- Cardiovascular Diseases
- Peripheral vascular Diseases
By End-user
- Specialty Centers
- Hospitals and Clinics
- Ambulatory Surgical Centers
Competitive Landscape
The global embolic protection devices market comprises of leading players like W. L. Gore & Associates, Cordis, Abbott, Medtronic, Allium Medical Solutions, Contego Medical, Claret Medical, Boston Scientific, and Angioslide.
Regional Analysis
The global embolic protection devices market is regionally segmented into the following four regions: North America, Europe, Asia Pacific, and the Middle East & Africa.
The North American region leads the market standings globally in terms of market share. This is primarily due to the prevalence of cardiovascular and neurovascular disorders herein. The regional market is also positively influenced by factors like increasing demand for minimally invasive procedures, surging demand for advanced treatment methods, and increasing support from the government. The US region is one of the key countries contributing to the overall growth of the North American region.
Europe holds the second largest market share globally and is expected to showcase a strong growth rate during the forecast period. Key factors influencing the region here is the availability of advanced treatment facilities, a growing need for enhanced healthcare infrastructure, and increasing expenditures in healthcare. Moreover, the increasing rate of cardiovascular diseases in this region and an expanding population inclined towards leading a sedentary lifestyle is driving the growth of the global embolic protection devices market.
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The Asia Pacific region is projected to be the fastest growing market due to the widespread prevalence of chronic diseases in this region. China holds the key behind the growth of the region as the country is expected to grow the fastest in the world. This is due to the rising awareness concerning health and available treatment methodologies as well as due to the increasing expenditure in healthcare.
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Embolic Protection Devices Market Rise with Increasing prevalence of rate in cardiovascular disorders is likely to drive the growth of the global market at a CAGR of 8.5% during 2018 to 2023Embolic protection devices are devices used to prevent or reduce plaque debris from reaching the distal bed during surgical procedures.
They are commonly used in Saphenous Vein Graft (SVG) interventions and during carotid artery stenting procedures.The global embolic protection devices market is majorly driven by the high prevalence of cardiovascular diseases, increasing technical advanced devices, increasing demand for minimally invasive procedures, and growing penetration by market players.Get Free Sample Copy Enabled with Detailed TOC at https://www.marketresearchfuture.com/sample_request/5978Embolic Protection Devices Market PlayersMedtronicAbbott LaboratoriesBoston ScientificCordisContego MedicalSilk Road MedicalClaret MedicalAllium Medical SolutionsAngioslideClaret MedicalEdwards Lifesciences CorporationEmbolic Protection Devices Market SegmentationThe global embolic protection devices market is segmented on the basis of type, material, usage, application, and end-user.On the basis of type, the market is segmented into distal filter devices, distal occlusion devices, and proximal occlusion devices.On the basis of material, the market is segmented into nitinol and polyurethane.On the basis of usage, the market is segmented into disposable devices and reusable devices.On the basis of application, the market is segmented into cardiovascular diseases, neurovascular diseases, and peripheral vascular diseases.
On the basis of cardiovascular diseases, it is further sub-segmented into coronary artery diseases, trans Cather aortic valve replacement, and saphenous vein graft diseases.On the basis of the end-user, the market is segmented into hospitals and clinics, specialty centers, and ambulatory surgical centers.Intended AudiencePharmaceutical Manufacturers and SuppliersMedical Research LaboratoriesResearch and Development (R) CompaniesMarket Research andEmbolic Protection Devices Market Consulting Service ProvidersPotential InvestorsInquire for an Amazing Discount Offers on https://www.marketresearchfuture.com/check-discount/5978Embolic Protection Devices Market Regional AnalysisThe Americas dominates the global embolic protection devices market owing to the increasing aging population, which eventually leads to the increasing patient population.
According to the American Heart Association, 31% of the deaths in the U.S. were due to cardiovascular disorders.
Similarly, according to the Center for Disease Control and Prevention, in 2015, around USD 3.2 trillion were spend in healthcare expenditure in the U.S.Europe accounts for the second largest market due to the increasing cardiovascular disorders and increasing obesity rates.
Additionally, the increasing government support and increasing healthcare infrastructure along with the rising demand for minimally invasive treatment are driving the growth of the embolic protection devices market in Europe.
