Embolic Protection Devices Market Revenue, Trends, Growth Factors, Region and Country Analysis & Forecast To 2023
Global Embolic Protection Devices Market is expected to grow at a CAGR of 8.5% during the forecast period.
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.
Regional
Analysis
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.
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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.
On the
other hand, the Middle East and Africa is expected to witness a slow growth due
to limited access to healthcare and affordability issues among the population.
In the Middle East, the growth of the market is driven by the increasing
availability of new and advanced diagnostic and treatment methods for various
chronic diseases.
Segmentation
The 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.
Key
Players
Some of the
key players in the Embolic Protection Devices market are Medtronic, Abbott,
Boston Scientific, Cordis. Contego Medical, W. L. Gore & Associates, Claret
Medical, Allium Medical Solutions, and Angioslide.
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