The emergence of advanced imaging modalities for the accurate placement of LAA closure devices depending upon different human anatomies will boost the future growth of the global LAA closure devices market.
According to the latest Arizton's market research report, the global LAA closure devices market size to cross USD 3 billion by 2025, growing at a CAGR of over 36% during the forecast period.
Global LAA Closure Devices Market Growth
The increasing disease burden across the globe, coupled with the availability of advanced devices, is fueling the growth of the global LAA closure devices market. The rising incidence/prevalence of AF across the globe has triggered vendors and healthcare providers to develop several innovative surgical techniques such as MI procedures for the treatment of arterial diseases, which lays a foundation for future growth. The emergence of advanced imaging modalities for the accurate placement of LAA closure devices depending upon different human anatomies will boost the future growth of the global LAA closure devices market.
Emergence of Hybrid Approach in LAA Closure Technique
The hybrid approach is originally a combination of MI surgical epicardial evaluation and ablation, as well as endocardial electrophysiologist (EP) catheter ablation with the intention of creating a lesion set to cure AF. The global LAA closure devices market is witnessing various technological as well as procedural innovations. The hybrid procedure for LAA closure is performed on the same day, whereas in the case of other techniques, they are performed days or weeks apart. Studies have found, many HCPs are performing hybrid procedures utilizing advanced LAA closure devices to primarily treat patients who have non-paroxysmal forms of AF.
- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, end-users, and geography
- Competitive Landscape – 3 Key Company Profiles, 3 Other Prominent Vendors, and 2 Investigational Companies
Global LAA Closure Devices Market – Geographic Analysis
North America has the highest share in the LAA closure devices market among all the regions and is likely to witness the highest growth in the coming years. The availability of technologically advanced LAA closure devices is abundantly high in this region. Furthermore, the increasing prevalence of AF and high spending on healthcare will enable high uptake of LAA closure devices in North America. Players are focusing on developing innovative and advanced LAA closure devices that will offer improved surgical results. Being the world’s largest market for these medical devices, the North American LAA closure devices market has become strategically important to major market players such as Boston Scientific, AtriCure, and Abbott.
The global LAA closure devices market is highly consolidated and is characterized by the presence of a few established players holding most of the market share. Players, especially the global players, are increasingly focusing on pursuing inorganic growth strategies such as acquisitions and strategic partnerships to expand their presence, enhance product portfolio, and improve expertise in the global LAA closure devices market. This indicates that the market offers tremendous growth opportunities for both existing and future/emerging players due to the presence of the large pool of patient population with AF and associated risk of stroke. The inorganic initiatives will complement vendors’ organic growth strategies, which will assist them in gaining traction among the end-users in the global LAA closure devices market.
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