Government initiatives for improving quality of life by ensuring that the masses are able to receive the treatments in affordable costs, increasing prevalence of cardio-vascular diseases, and hike in the investments for R D are contributing to high CAGR of Embolic Defend Devices market during the forecast period.
According to the current analysis of Reports and Data, the global Embolic Defend Devices market was valued at USD 466.7 Million in 2020 and is expected to reach USD 871.4 Million by the year 2028, at a CAGR of 8.3%. Embolic Defend Devices (EPDs) are those gadgets that are used both pre- and post-surgery. The primary use of this device is to capture the blood agglomerates and debris, which are plaques that fallout from the artery and floats loosely in the bloodstream during the surgical procedure. The accumulation of such agglomerates on the vessels of the patient would lead to blockages and edema. The instruments that are used to excavate such masses are termed as Embolic Defend Devices.
The various factors that are responsible for the hike in market growth are the increase in the prevalence of Cardiovascular Diseases (CVDs), the rise in technological advancements in the Embolic Defend Devices, and an increase in the demand for minimally invasive procedures. According to the American Heart Association, more than 92 million Americans are suffering from cardio-vascular diseases.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Market Segmentation by Types:
Device Outlook (Revenue in Million USD; 2018–2028)
- Distal Filter Devices
- Occlusion Devices
- Distal Occlusive Devices
- Proximal Occlusive Devices
Material Outlook (Revenue in Million USD; 2018–2028)
Indication Outlook (Revenue in Million USD; 2018–2028)
- Neurovascular Diseases
- Cardio-vascular Diseases
- Coronary Artery Disease
- Peripheral Vascular Diseases
- Saphenous Vein Graft Disease
End-Use Outlook (Revenue in Million USD; 2018–2028)
- Hospitals Clinics
- Ambulatory Surgical Centers
- Specialty Centers
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Embolic Defend Devices market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Further key findings from the report suggest
- According to the World Health Organization (WHO), the proportion of the world's geriatric population will nearly double from 12% to 22% between 2015 and 2050. And hence the proportion at which the market would grow is expected to be much higher in the coming years.
- In recent years, the growth attributed to the technological advancement of the material used in Embolic Defend Devices, Nitinol which is less reactive and invasive, was recently brought under this segment and would help the end-users to turn towards the surgical practices to be carried out, which would boost the sales in the forecast period.
- The key players in this segment are undergoing quick advancements in the technology to fill the gap in the demands. For instance, Medtronic Company introduced the Ultra proximal defend device, which is a double occlusive balloon system that enhances proximal embolic defend prior to carotid lesions. The advancements in the technology for the Embolic Defend Devices would surge the demand.
- Transcatheter Aortic Valve Replacement centers are observed to increase from 156 in 2012 to 511 in 2017 as per statistics in U.S. This traction in the surgical centers also implies that the need to undergo such surgeries is also increasing in faster pace and hence proportionately the demand for Embolic Defend Devices is also expected to propel in the forecast period.
- According to the Brain Aneurysm Foundation, the statistics of the total deaths due to Brain Aneurosym was observed to be 50,000, which is predominantly experienced by the individuals falling in the age group of 40 10 60 years. This awareness of the growing death rates would result in the growth of the surgeries and pre-diagnostics in this sector.
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