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Left Atrial Appendage Closure Devices Market Revenue Forecast 2020-2026 By Regional Manufacturers

Author : Ronak Bora | Published Date : 2020-11-09 

Left Atrial Appendage Closure Devices Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Growing prevalence of atrial fibrillation and technological developments will strongly stimulate the LAA atrial appendage closure devices market over the coming years. Left atrial appendage is a small pouch where blood is accumulated and could form clots in atria and LAA which could subsequently lead to stroke when the blood clots get driven out of the heart. As a result, people with AF are most commonly vulnerable to stoke as compared to others.

Left atrial appendage closure is the treatment procedure which mitigates the risk of developing clots by sealing the left atrium. It reduces the risk of stroke and eliminates the need of medication for blood thinning. These treatments find extensive use of LAA closure devices which enables the closure of LAA and prevents it from releasing the blood clots.

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Several devices have been tested on the parameters of efficacy and safety in order to treat this ailment. The devices which have been studied predominantly are WATHMAN device, PLAATO, LARIAT and Amplatzer Cardiac Plug. These devices were implanted using endovascular techniques that involve minimum skin incision. WATCHMAN device is a parachute shaped device with self-expanding capacity which closes the LAA and has got the FDA approval. Left atrial appendage closure device market is projected to amass USD 2 billion annually by the end of 2026.

Increasing penetration of hospitals due to the demand for advanced healthcare facilities and a considerable rise in the number of hospital admissions has supported growth in the industry. In the year 2019, the LAA closure devices demand from the hospital segment was valued at around USD 322 million and will witness considerable growth over the next few years.

The ready availability of accessories that are necessary for device implantation and simplified implantation procedures has magnified this segment. Due to the aforementioned reasons, hospitals have and will continue to witness the increased deployment of left atrial appendage devices.

Japan has accounted for a significant share in the Asia Pacific LAA closure devices industry due to the high geriatric population in the region as well as, high prevalence of atrial fibrillation. According to reports, in Japan, the overall prevalence of atrial fibrillation in people aged 80 and above is nearly 2-3%. An increase in the number of people being admitted to hospitals with atrial fibrillation as a major reason has intensified the adoption of the devices in the country.

Left atrial appendage closure device manufacturers are constantly aiming at improving their product portfolio to meet the expanding demands as well as expand their customer base. Key market players include AtriCure Inc., Lifetech Scientific, Boston Scientific Corporation, and Johnson and Johnson, among several others.            

The companies are constantly involved in mergers and acquisitions, collaborations, product innovations, and new product launches. In August 2019, AtriCure acquired SentreHEART Inc. which develops advanced percutaneous left atrial appendage management systems. The acquisition helped AtriCure to increase its production capacity. 

In terms of the product type, endocardial LAA closure devices has led the market with a revenue generation of USD 380 million in the year 2019. The growth is attributed to the easy availability of the device as compared to its alternatives. Additionally, due to the wide range of existing devices like Amplatzer Cardiac Plug, the demand for endocardial left atrial appendage closure device will witness significant growth over the years. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/left-atrial-appendage-closure-devices-market

Partial Chapter of the Table of Content 

Chapter 4.    Left Atrial Appendage Closure Devices Market, By Product

4.1. Key segment trends

4.2. Endocardial LAA closure devices

4.2.1.    Market size, by region, 2015 – 2026 (USD Million)

4.2.2.    Market size, by region, 2015 – 2026 (Units)

4.3.    Epicardial LAA closure devices

4.3.1.    Market size, by region, 2015 – 2026 (USD Million)

4.3.2.    Market size, by region, 2015 – 2026 (Units)

Chapter 5.    Left Atrial Appendage Closure Devices Market, By Procedure

5.1.    Key segment trends

5.2.    Percutaneous

5.2.1.    Market size, by region, 2015 – 2026 (USD Million)

5.2.2.    Market size, by region, 2015 – 2026 (Units)

5.3. Surgical

5.3.1.    Market size, by region, 2015 – 2026 (USD Million)

5.3.2.    Market size, by region, 2015 – 2026 (Units)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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