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2021
Embolic Protection Devices Market

Embolic Protection Devices Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A11132
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Dec 2021 | 275 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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An embolism is a blockage-causing piece of material or an embolus, which lodges on the inside of the blood vessel. It may be formed as a blood clot, a fat globule, a bubble of air, or foreign material. The embolism can be caused post-surgery due to any damages caused to the walls and hence result into the formation of clots in that area. The removal of these plaques and debris are important as it may cause blockage and is lethal. It causes micro infarcts and left ventricular dysfunction when it is not kept under observation. The embolism protection devices allow the capture and retrieval of lipid-rich plaque, friable constituents released after percutaneous interventional procedures, before they lodge in the distal microcirculation.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Device, Indication, End User and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Abbott, Allium Medical Solutions, Boston Scientific, W.L. Gore & Associates,Cordis (A Cardinal Health Company), Andioslide, Medtronic, Contego Medical, Silk Road Medical, and Claret Medical.


COVID-19 scenario analysis:

The demand for the medical devices is increasing significantly to assist with the care of the patients affected by COVID-19. There are various respiratory devices which can be used for the supporting the patients suffering from the viral infection such as life-support machine, oxygen generator, atomizer and monitors. Furthermore, the virus has led to increase in the demand for personal protective equipment such as gloves, masks, and protective glasses. With the advent of the viral infection and hike in the number of COVID-19 cases worldwide, the demand for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. The surgical procedures have now been minimized due to the risk of the spread of infection and hence the embolic protection devices market is experiencing a slower growth in the current situation.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The key factor that is anticipated to help the market grow in a positive direction include increase in the funding and investments for the R&D on the devices which can protect from embolism. The rise in the technological advancements to remove the embolism or clots would help the industry flourish. Furthermore, the steep rise in the number of individuals having various types of cardiovascular diseases and neurovascular diseases and growth in the demand for minimally invasive procedures is expected to help the market propel in the forecast period. However, the increase in the product failures and recalls may hamper the growth of the market.

The global embolic protection devices market trends are as follows:

New product launches to flourish the market

The launch of new products according to the demand posed by the market is expected to help the market grow at a lucrative rate in the coming years. For instance, in October 2020, Keystone Heart Ltd., which is a Venus Medtech Company, announced that it had received European CE mark for the TriGUARD 3 Cerebral Embolic Protection (CEP) Device. It is designed and innovated such that it minimizes the risk of cerebral damage by deflecting embolic debris away. This is carried out from cerebral circulation during Transcatheter Aortic Valve Implantation (TAVI) and other surgical transcatheter heart procedures. 

Furthermore, in April 2017, Contego Medical, LLC, which is among the major players announced that it had received CE Mark for the new product Vanguard IEPa. It is a Peripheral Balloon Angioplasty System inbuilt with Integrated Embolic Protection mechanism. Additionally, the Company intends to launch the product in Europe to endovascular specialists who perform lower limb angioplasty procedures. The system signifies the latest innovation of Contego’s Integrated Embolic Protection (IEP) technology, integrating a peripheral angioplasty balloon and also distal embolic filter on the same catheter.

Surge in incidences of cardiovascular diseases to boost the market

The growth in the number of patients who suffer from cardiovascular diseases and neurovascular diseases are expected to help the market grow at a higher pace. According to the World Health Organization, in 2016, the estimated number of deaths due to Cardio-vascular diseases accounted for about 31% of the total deaths globally. The growth in the awareness about the requirements for pre-diagnostics and obtaining better therapy would help the market gain maximum revenue in the near future.

According to the American Heart Association in 2016, about 1 individual dies in every 3.70 minutes. Furthermore, the total number of deaths due to stroke is about 389.4 each day. The alarming growth in the number of deaths has gained attention of government and hence the rise in the awareness programs is being carried out. The steep hike in the death rate due to stroke would proportionately increase the number of surgical procedures and use of medications for the treatment and hence the growth in the embolic protection devices is anticipated to boost in the near future.

Key segments covered:

Segments

Sub-segments

  Device

  • Distal Filter Devices
  • Distal Occlusive Devices
  • Proximal Occlusive Devices

  Indication

  • Cardio-vascular Diseases
  • Neurovascular Diseases
  • Peripheral Vascular Diseases
  • Saphenous Vein Graft Disease
  • Coronary Artery Disease
  • Others

  End User

  • Hospitals
  • Specialty Centers
  • Ambulatory Surgical Centers
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global embolic protection devices industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global embolic protection devices market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the embolic protection devices market research report:

  • Who the leading market players active in the Embolic Protection Devices market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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