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The left atrial appendage closure market has the potential to grow by USD 1.67 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 17.64%.
This left atrial appendage closure market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (epicardial LAA closure device and endocardial LAA closure device) and geography (North America, Europe, Asia, and ROW). The left atrial appendage closure market report also offers information on several market vendors, including Abbott Laboratories, Append Medical, AtriCure Inc., Boston Scientific Corp., Cardia Inc., Johnson and Johnson Inc., Lepu Medical Technology (Beijing) Co. Ltd., Lifetech Scientific (Shenzhen) Co. Ltd., Occlutech International AB, and SentreHEART Inc. among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing incidences of atrial fibrillation is notably driving the left atrial appendage closure market growth, although factors such as shortage of skilled surgeons to perform LAA closure procedures may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the left atrial appendage closure industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This left atrial appendage closure market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the left atrial appendage closure market encompasses successful business strategies deployed by the key vendors. The left atrial appendage closure market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The left atrial appendage closure market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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40% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the left atrial appendage closure market in North America. Market growth in this region will be slower than the growth of the market in other regions.
Atrial fibrillation is extremely common in the US, and according to the CDC, it is estimated that about 2.7-6 million people in the US experience symptoms of atrial fibrillation, and the number is expected to increase with the growing number of geriatric people in the country. This will facilitate the left atrial appendage closure market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The left atrial appendage closure market share growth by the epicardial LAA closure device segment will be significant during the forecast period. The epicardial LAA devices market is expected to grow at a lesser rate than endocardial devices owing to limited clinical evidence and less number of product approvals. However, the researchers are looking to conduct more clinical trials to evaluate the benefits of the epicardial approach. The advantages of epicardial devices over endocardial devices will present growth opportunities in the market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the left atrial appendage closure market size and actionable market insights on post COVID-19 impact on each segment.
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Left Atrial Appendage Closure Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17.64% |
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Market growth 2021-2025 |
$ 1.67 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
14.74 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 40% |
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Key consumer countries |
US, Canada, Germany, UK, China, and Japan |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Abbott Laboratories, Append Medical, AtriCure Inc., Boston Scientific Corp., Cardia Inc., Johnson and Johnson Inc., Lepu Medical Technology (Beijing) Co. Ltd., Lifetech Scientific (Shenzhen) Co. Ltd., Occlutech International AB, and SentreHEART Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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