USD 0.51 Billion
Embolic Protection Devices Market Size, Share, Growth Analysis, By Type(Distal Filter Devices, Distal Occlusion Devices, Proximal Occlusion Devices), By Material(Nitinol, Polyurethane), By Indication(Percutaneous Coronary Intervention, Carotid Artery Diseases, Saphenous Vein Graft Disease, Transcatheter Aortic Valve Replacement), By Application(Cardiovascular Diseases, Neurovascular Diseases, Peripheral Vascular Diseases), By End User(Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2683 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
62
|Figures:
75
Embolic Protection Devices Market Insights
Global Embolic Protection Devices Market size was valued at USD 554.55 million in 2022 and is poised to grow from USD 604.88 million in 2023 to USD 1146.41 million by 2031, growing at a CAGR of 8.32% during the forecast period (2024-2031).
The Global Embolic Protection Devices Market is a rapidly growing sector in the medical device industry that focuses on preventing embolization, a condition where blood clots or debris dislodge and travel through the bloodstream, potentially causing blockages in vital organs. These devices are designed to capture and remove these emboli during various invasive cardiovascular procedures, such as transcatheter aortic valve replacement (TAVR), carotid artery stenting, and percutaneous coronary intervention (PCI). The market is being driven by factors such as the increasing prevalence of cardiovascular diseases, rising geriatric population, and the growing adoption of minimally invasive procedures. Technological advancements in embolic protection devices, such as the development of novel filter designs, bioresorbable filters, and distal occlusion systems, are further propelling market growth. Additionally, the rising awareness among healthcare professionals regarding the benefits of embolic protection devices and the need for reducing procedural complications has led to increased adoption. The market is highly competitive, with several key players involved in the development and distribution of these devices. Geographically, North America currently holds a significant share in the market, followed by Europe, Asia Pacific, and the rest of the world. The Global Embolic Protection Devices Market is expected to continue its upward trajectory in the coming years, driven by technological advancements, increasing healthcare expenditure, and a rising demand for minimally invasive procedures in emerging economies.
US Embolic Protection Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - USD 554.55 million
Global Market Size
Largest Segment
Distal Occlusion Filters
Fastest Growth
Distal Occlusion Filters
Growth Rate
8.2% CAGR
Global Embolic Protection Devices Market ($ Bn)
Country Share for North America Region (%)
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Embolic Protection Devices Market Segmental Analysis
Global Embolic Protection Devices Market is segmented by Type, Material, Indication, Application, End User, and Region. Based on Type, the market is segmented into Distal Filter Devices, Distal Occlusion Devices, Proximal Occlusion Devices. Based on Material, the market is segmented into Nitinol, Polyurethane. Based on Indication, the market is segmented into Percutaneous Coronary Intervention, Carotid Artery Diseases, Saphenous Vein Graft Disease, Transcatheter Aortic Valve Replacement, Other Indications. Based on Application, the market is segmented into Cardiovascular Diseases, Neurovascular Diseases, Peripheral Vascular Diseases. Based on End User, the market is segmented into Hospitals, Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Embolic Protection Devices Market Analysis By Type
The dominant segment in the Global Embolic Protection Devices Market is the Distal Occlusion Filters. These devices are designed to be placed distally in the vessel to capture and prevent emboli from reaching critical organs during invasive cardiovascular procedures. Distal occlusion filters have gained significant popularity due to their effectiveness in reducing the risk of embolization and their compatibility with various interventional procedures. They offer advantages such as ease of use, enhanced patient safety, and improved clinical outcomes, making them the preferred choice for many healthcare professionals.
On the other hand, the fastest-growing segment in the market is Proximal Occlusion Filters. These devices are positioned proximally to the treatment site, providing protection by blocking emboli from migrating further upstream. Proximal occlusion filters have witnessed rapid growth due to their ability to offer comprehensive embolic protection, especially in complex and high-risk procedures. The increasing adoption of transcatheter aortic valve replacement (TAVR) and carotid artery stenting, where proximal occlusion filters are commonly used, has contributed to the significant growth of this segment. With ongoing advancements in device design and technology, along with a growing demand for minimally invasive procedures, the market for proximal occlusion filters is expected to continue its robust expansion in the foreseeable future.
Embolic Protection Devices Market Analysis By Application
The dominant segment in the Global Embolic Protection Devices Market based on application is cardiovascular diseases. Cardiovascular diseases encompass a wide range of conditions such as coronary artery disease, valvular heart disease, and peripheral artery disease, among others. These conditions often require invasive procedures like percutaneous coronary intervention (PCI) or transcatheter aortic valve replacement (TAVR), where embolic protection devices play a crucial role in preventing complications. The high prevalence of cardiovascular diseases worldwide and the increasing adoption of minimally invasive procedures have contributed to the dominance of the cardiovascular segment in the market.
The fastest-growing segment in the market based on application is Neurovascular diseases. Neurovascular diseases include conditions like ischemic stroke, aneurysms, and arteriovenous malformations, which require delicate and precise interventions. The demand for embolic protection devices in neurovascular procedures has been steadily increasing due to factors such as rising awareness, improving diagnostic techniques, and advancements in interventional neuroradiology. These devices provide effective protection against emboli during procedures like carotid artery stenting and endovascular coiling, helping to minimize the risk of neurovascular complications. As the field of neurovascular interventions continues to advance and gain importance, the neurovascular segment is expected to exhibit significant growth in the embolic protection devices market.
Global Embolic Protection Devices Market By Type
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Embolic Protection Devices Market Regional Insights
The dominant segment in the Global Embolic Protection Devices Market based on region is North America. North America holds a significant share in the market due to factors such as well-established healthcare infrastructure, high healthcare expenditure, and a large patient population with cardiovascular diseases. The presence of key market players, technological advancements, and early adoption of innovative medical devices contribute to the dominance of North America in the market. Additionally, favorable reimbursement policies and a robust regulatory framework further support the growth of the embolic protection devices market in this region.
The fastest-growing segment in the market based on region is Asia Pacific. The Asia Pacific region is experiencing rapid growth in the market due to several factors such as a growing geriatric population, increasing prevalence of cardiovascular diseases, rising healthcare infrastructure investments, and improving access to healthcare services. The rising disposable income, expanding medical tourism industry, and growing awareness about the benefits of minimally invasive procedures are also driving the demand for embolic protection devices in the region. Furthermore, supportive government initiatives and collaborations between regional and international market players are expected to fuel the market growth in Asia Pacific in the coming years.
Global Embolic Protection Devices Market By Geography
- Largest
- Fastest
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Embolic Protection Devices Market Dynamics
Embolic Protection Devices Market Drivers
Increasing Prevalence of Cardiovascular Diseases
- One key driver of the Global Embolic Protection Devices Market is the increasing prevalence of cardiovascular diseases. The rising incidence of cardiovascular diseases, such as coronary artery disease, peripheral artery disease, and valvular heart disease, is driving the demand for embolic protection devices. These devices play a crucial role in preventing complications during invasive cardiovascular procedures, thereby improving patient outcomes.
Embolic Protection Devices Market Restraints
High cost associated with embolic protection devices
- One key restraint of the market is the high cost associated with embolic protection devices. These devices can be expensive, which can limit their adoption, particularly in emerging economies or in regions with limited healthcare budgets. The high cost of these devices, along with the need for specialized training for their use, can pose challenges to their widespread implementation, hindering market growth to some extent. Efforts to make these devices more cost-effective and affordable, as well as increased reimbursement support, can help address this restraint.
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Embolic Protection Devices Market Competitive Landscape
The competitive landscape of the Global Embolic Protection Devices Market is characterized by intense competition and the presence of several key players. These players are actively engaged in research and development activities to introduce technologically advanced and innovative embolic protection devices. They focus on strategic collaborations, partnerships, and acquisitions to expand their product portfolios and strengthen their market position. Additionally, companies in the market strive to obtain regulatory approvals and certifications to ensure compliance with safety and quality standards. The market is witnessing a continuous influx of new entrants, which further intensifies the competition. Overall, the competitive landscape of the embolic protection devices market is dynamic and driven by innovation, product differentiation, and the ability to meet the evolving needs of healthcare professionals and patients.
Embolic Protection Devices Market Top Player’s Company Profile
- Medtronic
- Abbott Laboratories
- Boston Scientific
- Contego Medical
- Silk Road Medical
- Claret Medical
- Allium Medical Solutions
- Edwards Lifesciences
- Healthcare Solutions Holding, LLC
- Innovative Cardiovascular Solutions, LLC
- Transverse Medical, Inc.
- Keystone Heart Ltd.
- InspireMD, Inc.
- AngioDynamics, Inc.
- Emboline, Inc.
- Acandis GmbH & Co. KG
- Veryan Medical Ltd.
- Shanghai MicroPort Medical Co., Ltd.
- MedNova, Inc.
Embolic Protection Devices Market Recent Developments
- In January 2022, Cardiovascular Systems, Inc. initiated a recall of their WIRION Embolic Protection Device due to instances of filter breakage during retrieval.
- In November 2021, Cardiovascular Systems, Inc. issued a voluntary recall for their WIRION Embolic Protection System.
- In May 2021, Emboline successfully raised USD 55 million in a Series D funding round. The company has developed an embolic protection device that aims to provide comprehensive protection against emboli by effectively capturing and eliminating debris during trans-catheter treatments.
Embolic Protection Devices Key Market Trends
- Increasing adoption of minimally invasive procedures: One key market trend in the Global Embolic Protection Devices Market is the increasing adoption of minimally invasive procedures. Minimally invasive techniques, such as transcatheter aortic valve replacement (TAVR), carotid artery stenting, and percutaneous coronary intervention (PCI), are gaining popularity due to their advantages of reduced hospital stay, faster recovery, and lower risk of complications compared to traditional open surgeries. As a result, there is a growing demand for embolic protection devices that can effectively mitigate the risk of emboli during these minimally invasive procedures. This trend is driving the development and innovation of embolic protection devices that are specifically designed for use in minimally invasive interventions, catering to the evolving needs of healthcare professionals and patients alike.
Embolic Protection Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Embolic Protection Devices Market analysis, The Global Embolic Protection Devices Market is experiencing significant growth driven by factors such as the increasing prevalence of cardiovascular diseases, rising adoption of minimally invasive procedures, and advancements in device technology. Embolic protection devices play a crucial role in capturing and removing emboli during invasive cardiovascular procedures, thereby reducing the risk of complications. The market is characterized by intense competition among key players who focus on innovation, strategic collaborations, and expanding their product portfolios. North America currently dominates the market, while Asia Pacific is the fastest-growing region. However, the high cost of these devices remains a restraint. The market is also influenced by trends such as the adoption of minimally invasive procedures and the development of specialized devices for these procedures. Overall, the Global Embolic Protection Devices Market is poised for continued growth, driven by technological advancements, increasing healthcare expenditure, and the demand for improved patient outcomes in cardiovascular interventions.
| Report Metric | Details |
|---|---|
| Market size value in the | USD 554.55 million |
| Market size value in fact | USD 1146.41 million |
| Base year | 2023 |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Embolic Protection Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Embolic Protection Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Embolic Protection Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Embolic Protection Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Embolic Protection Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Embolic Protection Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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