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Global Embolic Protection Devices Market to Reach US$ 1,591 Million by 2027, Fueled by Rising Geriatric Population

Published on Nov 16, 2022

IMARC Group's latest report, titled "Embolic Protection Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", finds that the global embolic protection devices market size reached US$ 978 Million in 2021. Embolic protection devices, or EPDs, trap blood and luminal debris inside the saphenous vein graft (SVG) during stenting to avoid distal embolization. They provide the most verified strategy to reduce major adverse cardiovascular events and periprocedural myocardial infarction (MI) by capturing and removing debris that may get dislodged during surgical procedures, such as aortic valve stenosis, SVG interventions, and percutaneous coronary intervention. These devices are generally available in three variants, which reduce adverse clinical effects by preventing or minimizing the number of plaque particles that enter the distal bed. As a result, EPDs find extensive applications in carotid artery stenting and saphenous vein graft (SVG) operations. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.   

Global Embolic Protection Devices Market Trends:

The rising geriatric population, which is more susceptible to developing chronic medical ailments, and the increasing prevalence of cardiovascular diseases (CVDs) represent the primary factors driving the market growth. Moreover, EPDs form a crucial part of the most reliable and proven method for reducing periprocedural MI and other major cardiovascular events. In line with this, the surging incidences of cardiac arrests and other heart-related problems are positively influencing the market growth. Additionally, the rising investments by governments of numerous countries in improving their research and development (R&D) capabilities is another major growth-inducing factor. Besides this, the growing demand for minimally invasive products and various technological advancements are contributing to market growth. Apart from this, the rising applications of EPDs for reducing complications caused by blockages in small blood vessels due to the debris released into the bloodstream are propelling the market growth. Furthermore, the increasing number of Trans-catheter Aortic Valve Replacement (TAVR) procedures has augmented the product demand. Other factors, including rapid expansion in the healthcare sector, increasing approvals for EPDs, rising prevalence of chronic diseases, changing lifestyles, and inflating consumer healthcare spending, are also anticipated to provide a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 1,591 Million by 2027, growing at a CAGR of 8.62% during 2022-2027.

Market Summary:

  • Based on the product, the market has been divided into distal filter, distal occlusion, and proximal occlusion devices. 
  • On the basis of the application, the market has been segmented into coronary, carotid, and other artery treatments. 
  • Based on the procedure, the market has been classified into percutaneous coronary intervention, carotid artery stenosis, saphenous vein graft intervention, aortic valve stenosis (transcatheter aortic valve replacement), and others.
  • The market has been bifurcated based on the material into nitinol and polyurethane. 
  • On the basis of usage, the market has been categorized into disposable and reusable devices. 
  • Based on the end user, the market has been divided into hospitals and clinics, ambulatory surgical centers, and others. 
  • Region-wise, the market has been segmented into 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. 
  • The competitive landscape of the market has also been examined, with some of the key players being Abbott Laboratories, Allium Medical Solutions Ltd., Boston Scientific Corporation, Cardinal Health Inc., Contego Medical Inc., Innovative Cardiovascular Solutions LLC, Edwards Lifesciences Corporation, Medtronic plc, and Silk Road Medical Inc.
     

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