The report titled “Embolic Protection Devices Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global embolic protection market in terms of market segmentation by product, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global embolic protection devices market is segmented by product, by application and by end user. On the basis of product, the market is further segmented into distal occlusion filters, proximal occlusion filters and distal filters. On the basis of application segment, the market is sub segmented into neurovascular, cardio vascular and peripheral vascular. On the basis of end user, the market is further segmented into hospitals, ambulatory surgical centers and others.
The global embolic protection devices market is anticipated to record a CAGR of around 9% over the forecast period i.e. 2019-2027 owing to increasing neurovascular, cardiovascular and peripheral disease cases. The rising geriatric population and the demand for protection of brain in case of embolization coupled with government initiatives and increasing consumer awareness are expected to drive the market growth. The distal occlusion filters segment is anticipated to have highest CAGR during the forecast period on the back of various advantages offered by the product. However, the distal filter segment is anticipated to witness a strong CAGR owing to broad variety of specifications, filter details, crossing profile, landing zone length and pore size. The cardiovascular segment is expected to hold leading share on account of rising geriatric population and increasing cardio vascular disease cases owing to unhealthy lifestyle and improper eating habits followed by the peripheral vascular segment which is anticipated to witness significant growth on the back of increasing blood disorders and other related disorders. The hospital segment is estimated to have leading shares on the back of increasing angioplasty procedures coupled with rise in government initiatives to provide better health care facilities and improved reimbursement policies.
The market in North America is anticipated to hold the leading market share on the back of rise in demand for minimal invasive products, technological advancements and presence of key market players. The market in Europe is expected to hold second largest market share owing to huge healthcare expenditure capability, availability of better healthcare facilities and growing healthcare infrastructure. The market in Asia-Pacific is expected to witness highest market growth on the account of increasing healthcare awareness, rising population, availability of better healthcare facilities and improvements in standard of living.
The growing rate of cardiac disease owing to rising geriatric population and increasing inclination towards unhealthy lifestyle are expected to drive the market growth. However, the high cost associated with the use of embolic protection system and product failures coupled with presence of better alternatives are expected to operate as key restraints to the growth of global embolic protection market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global embolic protection devices market which includes company profiling of Abbott Laboratories (NYSE: ABT), Boston Scientific Corp (NYSE: BSX), Transverse Medical, Inc, Medtronic Plc (NYSE: MDT), Edward Lifesciences (NYSE: EW), Innovative Cardiovascular Solutions, Claret Medical, Inc., Gore Medical and other prominent players.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global embolic protection market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.