Left Atrial Appendage Closure Device Market Size Worth USD 8.2 billion by 2031

According to the report published by Allied Market Research, Global Left Atrial Appendage Closure Device Market Size was Valued at USD 1.3 billion in 2021 and is Projected to Garner USD 8.2 billion by 2031, witnessing a CAGR of 21.0% from 2022 to 2031.

The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market

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What are the Recent Trends in Left Atrial Appendage Closure Device Market?

Rise in number product approvals for atrial intervention, surge in atrial fibrillation, heart stroke cases, and hypertension-related diseases, and unhealthy lifestyle choices such as smoking drive the growth of the global left atrial appendage closure device market. In addition, rise in initiatives to raise awareness in untapped regions supplement the market growth. However, high cost of devices and availability of substitutes in the market restrain the growth. On the other hand, increase in adoption of cutting-edge technologies and improvement in implant effectiveness and procedural safety present opportunities in the market.

Top Key Players of Left Atrial Appendage Closure Device Market: –

• SentreHEART, Inc.

• Boston Scientific Corporation

• AtriCure, Inc.

• Abbott Laboratories

• Occlutech

• Lifetech Scientific Corporation

• Cardia, Inc.

• Aegis Medical Group

• Biosense Webster, Inc.

• Johnson & Johnson Services, Inc

Global Left Atrial Appendage Closure Device Market Segmentation –

By Product         

  • Endocardial LAA Devices
  • Epicardial LAA Devices

By End Use        

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

Based on region, North America held the largest market share in 2021, accounting for nearly half of the global left atrial appendage closure device market, and is projected to maintain its dominance in terms of revenue during the forecast period. This is due to widespread acceptance of advanced left atrial appendage closure devices, rise in incidence of atrial fibrillation, and well-developed healthcare infrastructure. However, Asia-Pacific is projected to grow at the largest CAGR of 22.2% from 2022 to 2031, owing to high preference and acceptance of advanced technologies in closure devices in medical facilities in the region.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

  • Which are the driving factors responsible for the growth of market?
  • Which are the roadblock factors of this market?
  • What are the new opportunities, by which market will grow in the coming years?
  • What are the trends of this market?
  • Which are main factors responsible for new product launch?
  • How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
  • How big is the global & regional market in terms of revenue, sales and production?
  • Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
  • Which region has more opportunities?

By Region Outlook

• North America

(U.S., Canada, Mexico)

• Europe

(Germany, France, UK, Italy, Spain, Rest of Europe)

• Asia-Pacific

(Japan, China, India, Rest of Asia-Pacific)

• LAMEA

(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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