SAN FRANCISCO, June 12, 2019 /PRNewswire/ -- The global
embolic protection devices market size is expected to
reach USD 1.7 billion by 2026,
according to a new report by Grand View Research, Inc. The market
is estimated to expand at a CAGR of 8.4% during the forecast
period. Rising incidences of cardiovascular and neurovascular
diseases and growing adoption of minimally invasive diseases are
propelling the market growth. Rising demand for technologically
advanced embolic devices and increasing healthcare expenditure,
resulting in huge funding and investments from multinational
companies, are fueling the R&D in the global medical devices
industry. This factor is also contributing toward the market
growth.
Key suggestions from the report:
- Distal filter devices segment emerged as the largest segment
owing to high demand for these devices
- Neurovascular diseases accounted for the largest share in
the application segment owing to the rising cases of neurological
disorders
- North America led the
global embolic protection devices market with the largest share in
2017 and is likely to maintain this trend over the estimated
period
- Growing adoption of minimally invasive surgeries and
increasing demand for novel technologies are facilitating the
dominance of this region
- The industry in the Asia
Pacific is projected to witness swift growth during the
forecast period owing to rapidly improving healthcare
infrastructure and large target population base
- Some of the key companies include Boston Scientific Corp.;
Edward Lifesciences; Abbott Laboratories; Medtronic Plc; Cardinal
Health, Inc.; Claret Medical, Inc.; and Innovative Cardiovascular
Solutions, LLC
Read 111 page research report with TOC on "Embolic Protection
Devices Market Size, Share & Trends Analysis Report By Product
(Distal Occlusion, Proximal Occlusion Systems), By Application
(CVDs, Neurovascular Diseases), And Segment Forecasts, 2018 - 2026"
at:
https://www.grandviewresearch.com/industry-analysis/embolic-protection-devices-market
On the other hand, the product failures and recalls may limit
the market growth. Low reimbursement for stenting and presence of
alternative treatment methods, such as the use of drugs, may also
imped the market development. However, factors such as a rise in
the number of Trans-catheter Aortic Valve Replacement (TAVR)
procedures will support the market expansion. The number of TAVR
centers in U.S. has increased from 156 in 2012 to 511 in 2017, and
approximately 35,000 patients underwent TAVR in 2016 in U.S. alone.
The distal occlusion systems segment is expected to register the
highest CAGR over the forecast period.
Grand View Research has segmented the global embolic
protection devices market on the basis of grade, product,
application, and region:
- Embolic Protection Devices Product Outlook (Revenue, USD
Million, 2014 - 2026)
-
- Distal Occlusion Devices
- Proximal Occlusion Devices
- Distal Filters
- Embolic Protection Devices Application Outlook (Revenue, USD
Million, 2014 - 2026)
-
- Neurovascular Diseases
- Cardiovascular Diseases
- Peripheral Vascular Diseases
- Embolic Protection Devices Regional Outlook (Revenue, USD
Million, 2014 - 2026)
-
- North America
-
- Europe
-
- Asia Pacific
-
- Latin America
-
- Middle East &
Africa
-
- South Africa
- Saudi Arabia
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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