What is Embolic Protection Device?
The Embolic Protection Device market is expected to witness high demand n the forecasted period due to the Increasing prevalence of cardiovascular diseases in developed countries. Embolic protection devices (EPDs) prevent or reduce plaque debris from reaching the distal bed and thereby have the potential to reduce adverse clinical events. They are commonly used in saphenous vein graft (SVG) interventions and during carotid artery stenting procedures. Embolic protection devices (EPDs) are primarily used during percutaneous cardiac procedures. They aid in reducing the number of complications arising due to blockages in small blood vessels caused by the debris that is released into the bloodstream.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Medtronic (Ireland), Abbott, Boston Scientific, Cordis (A Cardinal Health Company) (United States), Allium Medical Solutions (Israel), Contego Medical, W.L. Gore & Associates, silk Road Medical (United States), Claret Medical (United States) and AngioSlide (Israel) |
CAGR | 11.2% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Distal Filter Devices, Distal Occlusion Devices and Proximal Occlusion Devices) , by application (Cardiovascular Diseases, Neurovascular Diseases and Peripheral Diseases) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Embolic Protection Device market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Embolic Protection Device market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Medtronic (Ireland), Abbott, Boston Scientific, Cordis (A Cardinal Health Company) (United States), Allium Medical Solutions (Israel), Contego Medical, W.L. Gore & Associates, silk Road Medical (United States), Claret Medical (United States) and AngioSlide (Israel).
Market Overview:
April 28, 2022 – Boston Scientific Corporation has received U.S. Food and Drug Administration (FDA) 510(k) clearance for the EMBOLD™ Fibered Detachable Coil, which is indicated to obstruct or reduce the rate of blood flow in the peripheral vasculature. The first procedure using the device was performed this week at the University of Alabama at Birmingham. and April 16, 2021 Contego Medical, Inc., a leading developer of innovative cardiovascular devices, today announced receipt of CE Mark approval for the Neuroguard IEP 3-in-1 Carotid Stent and Post-Dilation Balloon System with Integrated Embolic Protection (Neuroguard IEP System).
The global market is highly competitive. In an attempt to retain their industry share and diversify the product portfolio, most of these companies have undertaken several market strategies, such as mergers and acquisitions.
Influencing Trend:
Technological Advancements Associated with Embolic Protection Device and Upsurging Demand for Minimally Invasive Procedures
Market Growth Drivers:
High Demand due to Increasing Incidence of Cardiovascular & Neurovascular Diseases and Rising Funding and Investments for R&D on Embolic Protection Devices
Challenges:
Lack of Skilled Professionals and Stringent Regulatory Scenario and Unfavorable Government Policies
Restraints:
The Concern Related to Product Failure as well as Recalls and Availability of alternatives
Opportunities:
Increasing Demand from the Developing Countries
Key highlights of the Global Embolic Protection Device market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Embolic Protection Device market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Embolic Protection Device market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Embolic Protection Device Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Embolic Protection Device market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Embolic Protection Device market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturer, Distributors, Suppliers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.