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Left Atrial Appendage Closure Devices Market by Product (Endocardial LAA Devices, Epicardial LAA Devices), End User (Hospitals, Ambulatory Surgery Centers, and Others), and Region 2024-2032

January 2024 | 143 pages | ID: L3C928AB9D38EN
IMARC Group

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The global left atrial appendage closure devices market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.85% during 2024-2032. The escalating prevalence of atrial fibrillation (AFib), the growing geriatric population prone to cardiovascular disorders (CVDs), and ongoing product advancements and innovations represent some of the key factors driving the market.

Left atrial appendage closure devices (LAAC) are medical devices that are implanted in the heart to lower the risk of stroke in patients with non-valvular atrial fibrillation (AFib). The left atrial appendage (LAA) is a small pouch-like structure located in the muscle wall of the heart, which can be a source of blood clots, leading to stroke in AFib patients. LAAC devices are designed to permanently close off the LAA to prevent the formation of blood clots and reduce the risk of stroke. They are implanted via minimally invasive (MI) procedures, typically using a catheter that is inserted through a small incision placed in the arm or groin region. These devices are widely popular among AFib patients who cannot take anticoagulant medications or are at high risk of bleeding complications from these medications.

Left Atrial Appendage Closure Devices Market Trends:
The rising prevalence of AFib, on account of the widespread adoption of unhealthy eating habits, smoking, drinking, and sedentary lifestyles, is primarily driving the global market growth. Besides this, the growing geriatric population prone to cardiovascular disorders (CVDs), the escalating consumer concerns regarding risks and complications associated with AFib, and the expanding awareness about the availability of alternative treatment options are impelling the market growth. Moreover, significant technological advancements in closure devices in terms of the safety and efficacy of the product and the intensive emphasis on developing minimally invasive closure devices to reduce recovery time and improve patient comfort are presenting remunerative growth opportunities for the market. Concurrent with this, the advent of electrophysiology procedures, combined with considerable improvements in interventional treatments and the diagnosis pathway, is contributing to the market growth. In addition to this, rapid expansion in the healthcare infrastructure, better access to healthcare services, the surging popularity of minimally invasive closure devices, the launch of numerous awareness campaigns by governments of various countries, and the availability of reimbursement policies are aiding in market expansion. Furthermore, extensive research and development (R&D) activities for product innovation, a rising number of atrial intervention product approvals, an increasing number of clinical trials, and the adoption of new technologies, such as robotic-assisted closure devices, are positively impacting the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global left atrial appendage closure devices market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product, and end user.

Product Insights:

Endocardial LAA Devices
Epicardial LAA Devices

The report has provided a detailed breakup and analysis of the left atrial appendage closure devices market based on the product. This includes endocardial LAA devices and epicardial LAA devices. According to the report, endocardial LAA devices represented the largest segment.

End User Insights:

Hospitals
Ambulatory Surgery Centers
Others

A detailed breakup and analysis of the left atrial appendage closure devices market based on the end user has also been provided in the report. This includes hospitals, ambulatory surgery centers, and others. According to the report, hospitals accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for left atrial appendage closure devices. Some of the factors driving the North America left atrial appendage closure devices market included a growing number of atrial fibrillation (Afib) cases, a rise in the geriatric population, and innovative technological advancements.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global left atrial appendage closure devices market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Abbott Laboratories, AtriCure Inc., Boston Scientific Corporation, Cardia Inc., Lepu Medical Technology (Beijing) Co. Ltd., LifeTech Scientific, etc.

Key Questions Answered in This Report:
How has the global left atrial appendage closure devices market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global left atrial appendage closure devices market?
What is the impact of each driver, restraint, and opportunity on the global left atrial appendage closure devices market?
What are the key regional markets?
Which countries represent the most attractive left atrial appendage closure devices market?
What is the breakup of the market based on the product?
Which is the most attractive product in the left atrial appendage closure devices market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the left atrial appendage closure devices market?
What is the competitive structure of the global left atrial appendage closure devices market?
Who are the key players/companies in the global left atrial appendage closure devices market?
1 PREFACE


2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY


4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL LEFT ATRIAL APPENDAGE CLOSURE DEVICES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Endocardial LAA Devices
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Epicardial LAA Devices
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY END USER

7.1 Hospitals
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Ambulatory Surgery Centers
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Others
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 DRIVERS, RESTRAINTS, AND OPPORTUNITIES

9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 VALUE CHAIN ANALYSIS


11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS


13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Abbott Laboratories
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 AtriCure Inc.
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
    13.3.2.4 SWOT Analysis
  13.3.3 Boston Scientific Corporation
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
    13.3.3.4 SWOT Analysis
  13.3.4 Cardia Inc.
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 Lepu Medical Technology (Beijing) Co. Ltd.
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
    13.3.5.3 Financials
  13.3.6 LifeTech Scientific
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio


LIST OF TABLES

Table 1: Global: Left Atrial Appendage Closure Devices Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Left Atrial Appendage Closure Devices Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Left Atrial Appendage Closure Devices Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 4: Global: Left Atrial Appendage Closure Devices Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Left Atrial Appendage Closure Devices Market: Competitive Structure
Table 6: Global: Left Atrial Appendage Closure Devices Market: Key Players

LIST OF FIGURES

Figure 1: Global: Left Atrial Appendage Closure Devices Market: Major Drivers and Challenges
Figure 2: Global: Left Atrial Appendage Closure Devices Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Left Atrial Appendage Closure Devices Market: Breakup by Product (in %), 2023
Figure 5: Global: Left Atrial Appendage Closure Devices Market: Breakup by End User (in %), 2023
Figure 6: Global: Left Atrial Appendage Closure Devices Market: Breakup by Region (in %), 2023
Figure 7: Global: Left Atrial Appendage Closure Devices (Endocardial LAA Devices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Left Atrial Appendage Closure Devices (Endocardial LAA Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Left Atrial Appendage Closure Devices (Epicardial LAA Devices) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Left Atrial Appendage Closure Devices (Epicardial LAA Devices) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Left Atrial Appendage Closure Devices (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Left Atrial Appendage Closure Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Left Atrial Appendage Closure Devices (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Left Atrial Appendage Closure Devices (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Left Atrial Appendage Closure Devices (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Left Atrial Appendage Closure Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: North America: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: North America: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: United States: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: United States: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Canada: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Canada: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Asia-Pacific: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Asia-Pacific: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: China: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: China: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Japan: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Japan: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: India: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: India: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: South Korea: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: South Korea: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Australia: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Australia: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Indonesia: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Indonesia: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Others: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Others: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Europe: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Europe: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Germany: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Germany: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: France: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: France: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: United Kingdom: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: United Kingdom: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Italy: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Italy: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Spain: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Spain: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Russia: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Russia: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Latin America: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Latin America: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Brazil: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Brazil: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Mexico: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Mexico: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Middle East and Africa: Left Atrial Appendage Closure Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Middle East and Africa: Left Atrial Appendage Closure Devices Market: Breakup by Country (in %), 2023
Figure 65: Middle East and Africa: Left Atrial Appendage Closure Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Global: Left Atrial Appendage Closure Devices Industry: Drivers, Restraints, and Opportunities
Figure 67: Global: Left Atrial Appendage Closure Devices Industry: Value Chain Analysis
Figure 68: Global: Left Atrial Appendage Closure Devices Industry: Porter's Five Forces Analysis


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