Skip to main content

Early Impacts of COVID-19 on Left Atrial Appendage Closure Devices Market Trends and Future Dynamics 2027

  The COVID-19 outbreak has significantly affected the global left atrial appendage closure devices market. As per American Heart Association, people having high blood pressure, heart valve disease and congenital heart diseases are expected to develop severe coronavirus symptoms. Also, this virus can generate heart strokes through weakening of muscles of the heart. These fators will boost the demand for left atrial appendage closure divices and surge the market growth during the pandemic.

Furthermore, the leading manufactures in the global market are adopting various strategies such as product innovations and partnerships to increase their market share in the overall industry. For example, in July 2020, Boston Scientific Corporation announced that the “Watchman FLX left atrial appendage closure device” has been approved by U.S. Food and Drug Administration, which is used to minimize the threat of heart stroke in patients. The stroke reduction technologies are intended to improve technical safety and performance as well as treat large number of patients with non-valvular atrial fibrillation. During the chaotic COVID-19 situation, we are helping our clients in understanding the impact of COVID-19 on global left atrial appendage closure devices.

Download Exclusive FREE Sample Copy of the Report https://www.researchdive.com/download-sample/362

As per the recent study done by Research Dive, the global left atrial appendage closure devices market will reach up to $2,637.1 million in 2027, rising at a notable CAGR of 24.0% in the forecast time. The market segmentation has been done based on product, procedure, end-use, and region. The report provides detailed information on opportunities, driving factors, segments analysis, restraints, and key players in the market.

Factors Affecting the Market Growth

As per our analyst estimates, the rising prevalence of atrial fibrillation diseases owing to the change in lifestyles are some of the major factors propelling the global market growth. However, lower product penetration in middle and low-income countries are predicted to restrain the growth of the left atrial appendage closure devices market.

Endocardial LAA closure devices product and percutaneous procedure segment held the global market size

Based on a product, the global market is categorized into endocardial LAA closure devices and epicardial LAA closure devices. In both of these, endocardial LAA closure devices segment held the global market size, it was valued over $359.3 million in 2019 and is anticipated to continutes its trend in the global market throughout the forecast years.

This dominance is majorly attributed to extensive use of endocardial procedures in atrial fibrillation in the previous years.

Based on procedure, the global market is majorly is categorized into surgical and percutaneous. Among these, percutaneous procedure accounted for majority of the left atrial appendage closure devices market share in the previous time, which was 85.0% and is projected to generate a revenue of $2,188.8 million till 2027. Percutaneous is widely utilized procedure due to several benefits such as minimize angina and better results in coronary artery diseases. This aspect will propel the market growth during the forecast time.

Hospital segment dominated highest revenue share

Based on end-use, the global left atrial appendage closure devices market is classified into hospitals, ambulatory surgey centers and others. Among these, hospitals end use accounted for largest left atrial appendage closure devices market share in the previous years and is expected to reach up to $1,569.1 million by the end of 2027. Increasing number of hospital admissions along with rising investments to advance healthcare facilities is expected to fuel the market growth during the estimated period. Along with, ambulatory surgery centers segment will witness to rise at a notable rate of 24.4% CAGR during the projected time and projected to account for $812.2 millions by 2027.

Left atrial appendage closure devices market, geographical Analysis

The North America dominated the global left atrial appendage closure devices market size in 2019, it valued at $172.6 million and is projected to surge at a growth CAGR of 23.4% during the prediction period. High prevelance rate of atrial fibrillation owing to change in lifestyle and early adoption of LAA closure devices due to improved healthcare infrastructure are projected to drive the market growth in the North America. Along with, Europe accounted for subsequent position in the overall marketplace in 2019 and is expected to be the most lucrative region throughout the forecast time. Increasing investments on technological developments expecially in Germany, UK and many other European countries, this factor will accelerate the growth of the market in the coming time.

Top 10 Leading Players in the Left Aatrial Appendage Closure Devices Market Includes:

1. SentreHEART, Inc.
2. Boston Scientific Corporation
3. AtriCure, Inc.
4. Abbott.
5. Occlutech
6. Lifetech Scientific
7. Cardia, Inc.
8. Aegis Medical Group.
9. Biosense Webster, Inc.
10. Johnson & Johnson Services, Inc.

Reference: https://www.researchdive.com/press-release/left-atrial-appendage-closure-devices-market.html

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com

Comments

Post a Comment

Popular posts from this blog

COVID-19 Impact: Which Are the Key Players Evolving In the Growth of Assisted Reproductive Technology Market?

   The worldwide spread of COVID-19 has positively impacted the   global assisted reproductive technology market . This is mainly due to supportive government policies and the strategic steps taken by major market players in the pandemic crisis. For instance, in June 2020, SART launched its fertility expert’s podcast series. Furthermore, the global market is expected to observe substantial growth even after the pandemic owing to the growing adoption of R&D and growing awareness amongst people regarding assisted reproductive technology. The global assisted reproductive technology market is likely to experience an increase in the growth rate during the COVID-19 pandemic. As per a new report added by Research Dive, the global assisted reproductive technology market is anticipated to reach up to $56.3 billion during the forecast period from 2019 to 2026. Comprehensive analysis on drivers, challenges, growth opportunities, major segments, and key strategies executed by maj...
Post a Comment
Read more

Why Dynamics of Organ Care System Market for Liver Is Changing Drastically? What If History Is Any Guide?

   The COVID-19 outbreak has helped the global organ care system market to grow at a positive rate. The manufactures of the industry are investing more in R&D activities to grow exponentially during the forecast period. The COVID-19 pandemic has positively impacted the global Organ care system (OCS) for liver market and a slight increase in the growth rate is observed from the previous predictions. As per new Research Dive published report, the global OCS for liver market is anticipated to grow at a CAGR of 9.3% by 2026, generating a revenue of $42.7 million in the period of forecast from 2019 to 2026. To better understand the pandemic effect on the global market, the report includes comprehensive analysis on growth opportunities, restraints, drivers, vital segments, and strategies adopted by major market players. For More Detail Insights, Download FREE Sample at:   https://www.researchdive.com/download-sample/253 Highlights of the Report As per our analysts, the risi...
Post a Comment
Read more

COVID-19 Impact: What Challenges Medical Tourism Market May See In Next 5 Years?

   The COVID-19 crisis has affected the global medical tourism market in a negative way. The governments are taking initiatives to help patients seek healthcare treatment and the market is likely to recover by Q1/Q2 of 2022. The COVID-19 pandemic has hugely impacted the global medical tourism market and a slight downfall is witnessed in the growth rate as compared to the former predictions. As per new Research Dive published report, the global medical tourism market is anticipated to rise at a CAGR of 11.7% by 2026, generating a revenue of $142.2 billion in the period of forecast from 2019 to 2026. While there is a decrease in the growth rate due to the COVID-19 outbreak, the market is likely to recover by Q1/Q2 of 2022. For More Detail Insights, Download FREE Sample at :   https://www.researchdive.com/download-sample/248 Highlights of the Report As per our analysts, the increasing interests amongst people coupled with technological advancements in healthcare treatment is...
Post a Comment
Read more