Global Left Atrial Appendage Closure Devices Market to Reach US$ 6.3 Billion by 2032, Propelled by Increasing Number of Atrial Fibrillation

December 14, 2023 | Medical Devices

According to the latest report by IMARC Group, titled “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,” the global left atrial appendage closure devices market size reached US$ 1.5 Billion in 2023. Left atrial appendage closure (LAAC) devices are medical implants that prevent strokes among patients with atrial fibrillation, a common heart rhythm disorder. They are designed to seal off this area, which reduces the risk of clots escaping and causing blockages in the brain. They can be performed by a specialist using catheterization techniques. They offer an alternative to long-term blood-thinning medication, which makes them a valuable option for those who cannot tolerate such drugs, and prevents the formation and migration of clots. They have been effective in stroke prevention and have become an essential tool in cardiac care.


Global Left Atrial Appendage Closure Devices Market Trends:

The increasing number of atrial fibrillation cases among the masses and the rising older population that is more susceptible to heart diseases represent one of the major factors driving the demand for LAAC devices around the world. Moreover, the growing awareness and education among people about atrial fibrillation and LAAC solutions are influencing the market positively. In addition, the increasing number of clinical trials that prove the efficacy of LAAC devices and the ongoing research and development (R&D) activities by key players are augmenting the market growth. Apart from this, the growing adoption of LAAC devices to provide a minimally invasive surgical (MIS) procedure alternative to long-term medication, which makes them preferable for many patients, is creating a positive outlook for the market. Looking forward, the market value is projected to reach US$ 6.3 Billion by 2032, expanding at a CAGR of 16.85% during 2024-2032.


Market Summary:

  • Based on the product, endocardial LAA devices dominate the market, followed by epicardial LAA devices.
  • On the basis of the end user, the market has been segmented into hospitals, ambulatory surgery centers, and others. Hospitals currently account for the majority of the total market share.
  • Region-wise, the market has been segregated 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. Amongst these, North America enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Abbott Laboratories, AtriCure Inc., Boston Scientific Corporation, Cardia Inc., Lepu Medical Technology (Beijing) Co. Ltd., LifeTech Scientific, etc.


Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Products Covered Endocardial LAA Devices, Epicardial LAA Devices
End Users Covered Hospitals, Ambulatory Surgery Centers, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, AtriCure Inc., Boston Scientific Corporation, Cardia Inc., Lepu Medical Technology (Beijing) Co. Ltd., LifeTech Scientific, etc.
Customization Scope 10% Free Customization
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Global Left Atrial Appendage Closure Devices Market to Reach US$ 6.3 Billion by 2032, Propelled by Increasing Number of Atrial Fibrillation
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