Global Left Atrial Appendage Closure Devices Market

Left Atrial Appendage Closure Devices Market Size, Share, Growth Analysis, By Product(Endocardial LAA Devices, Epicardial LAA Devices), By Procedure(Percutaneous, Surgical), By End - Use(Hospitals, Ambulatory Surgical Centers, Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2586 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 88 | Figures: 66

Left Atrial Appendage Closure Devices Market News

  • In January 2024, another strategy called the Laminar Device for shutting off a piece of the heart called the left atrial appendage (LAA) was created. This gadget is embedded through a little opening in the heart and has an enclosure toward the end that can be turned to seal the LAA shut, like tying a contort tie on a bread bag. An extraordinary security keeps the enclosure secure. Testing on creatures and people has shown promising outcomes, without any releases or complexities noted. This procedure might lessen the risk of specific complexities contrasted with different strategies.

     

  • On February 26, 2024, Catheter Precision, Inc., a US medical device company working in electrophysiology items, uncovered that it is introducing its LockeT suture closure device at the International Symposium on Left Atrial Appendage. The meeting is occurring at the Intercontinental New York Times Square from March 1 to 2, 2024.

     

  • In October 2023, FEops, known for personalized predictive preparation in structural heart interventions, declared a partnership with ConcertAI's TeraRecon. This collaboration plans to popularize FEops HEARTguide's work process for Left Atrial Appendage (LAA) impediment, especially focusing on the US market.

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Left Atrial Appendage Closure Devices Market size was valued at USD 1.21 billion in 2022 and is poised to grow from USD 1.46 billion in 2023 to USD 6.48 billion by 2031, growing at a CAGR of 20.5% in the forecast period (2024-2031).

The competitive landscape of the left atrial appendage closure devices market is characterized by intense rivalry among established players and a surge of new entrants vying for market share. Leading companies such as Boston Scientific Corporation, Abbott Laboratories, and AtriCure, Inc. dominate the market with their comprehensive product portfolios, extensive research capabilities, and strategic alliances. These industry giants are focused on continuous product innovation, robust clinical trials, and strategic collaborations to maintain their competitive edge. 'Boston Scientific Corporation (USA)', 'Abbott Laboratories (USA)', 'AtriCure, Inc. (USA)', 'Johnson & Johnson (USA)', 'Lifetech Scientific (China)', 'Occlutech International AB (Sweden)', 'Artio Medical (USA)', 'Cardia, Inc. (USA)', 'SentreHEART, Inc. (USA)', 'Lepu Medical Technology Co., Ltd. (China)'

The increasing prevalence of atrial fibrillation, a major risk factor for stroke and heart-related complications, is a significant driver for the adoption of left atrial appendage (LAA) closure devices.

Transition to Minimally Invasive Procedures: The trend towards minimally invasive interventions is driving the shift from open-heart surgeries to minimally invasive LAA closure procedures, resulting in reduced patient recovery time and hospital stays.

In 2022, North America dominated the revenue landscape with a share exceeding 45.0%, driven by a surge in atrial fibrillation cases. The region is poised to maintain a significant stance in the left atrial appendage (LAA) devices market. According to CDC estimates, between 2.7 million and 6.1 million Americans were affected by atrial fibrillation in 2019, a figure poised to escalate alongside the aging population trend.

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Global Left Atrial Appendage Closure Devices Market

Report ID: SQMIG35A2586

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