Global Embolic Protection Devices Market is expected to grow at a CAGR of 8.5% during the forecast period 2018 to 2023. Embolic 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 Embolic Protection Devices Industry was valued at USD 400 million in 2017 and is expected to register a CAGR of 8.5% during the forecast period. 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. Additionally, factors such as the increasing approval for embolic protection devices, government initiatives and support, and increasing reimbursement coverage for cardiologic anomalies are likely to drive the market.
Embolic Protection Devices Market Segmentation:
The Global Embolic Protection Devices Industry is segmented on the basis of type, material, usage, application, and end-user. Considering type, the market is segmented into distal filter devices, distal occlusion devices, and proximal occlusion devices. By material, the market is segmented into nitinol and polyurethane. By usage, the market is segmented into disposable devices and reusable devices. With reference to application, the market is segmented into cardiovascular diseases, neurovascular diseases, and peripheral vascular diseases.
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Furthermore, on cardiovascular diseases, the market is segmented into coronary artery diseases, trans Cather aortic valve replacement, and saphenous vein graft disease. On account of end-user, the market is segmented into hospitals and clinics, specialty centers, and ambulatory surgical centers. Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas region is segmented into North America and South America. Further, North America is segmented into two major countries, namely, the U.S. and Canada.
Key Players for Embolic Protection Devices Market:
Cordis. Contego Medical,
W. L. Gore & Associates,
Allium Medical Solutions and Angioslide
Regional Analysis of Embolic Protection Devices Market:
The Americas dominates the global embolic protection devices market owing to the increasing aging population, which eventually leads to the increasing patient population. Additionally, the increasing cardiovascular disorder rates are likely to enhance the growth of embolic protection devices in the North American region. 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. For instance, Eurostat estimated that over 19.2% of the population in Europe were aged 65 and above. This rising older population is likely to lead to the increased patient population. These factors are likely to drive the growth of the embolic protection devices market.
Asia Pacific is the fastest growing market for the embolic protection devices whose growth is attributed to rising population and increasing standard of living. Additionally, increasing healthcare spending and rising demand for new and innovative treatment options are likely to drive the growth of the market. India and China are the major contributors to the market growth due to the rapid development of healthcare infrastructure in these regions and increasing demand for diagnostic services.
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TOC For Embolic Protection Devices Market Research Report – Forecast to 2023:
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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