About Embolic Protection Devices
The formation of plaque in the blood vessels can cause coronary artery disease (CAD). The disease causes narrowing of the blood vessels, which interrupts normal blood flow and may lead to ischemic stroke. Physicians may implant catheters along with stents to treat the disease; however, the procedure can lead to embolism or disruption of plaque. The plaque debris may pass into the blood flow through the carotid artery to reach the brain, which can lead to stroke and death. To prevent this, physicians use embolic protection devices to collect and remove the debris from the blood vessels while performing angioplasty and stenting procedures.
Technavio’s analysts forecast the global embolic protection devices market to grow at a CAGR of 9.58% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global embolic protection devices market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of embolic protection devices used for capturing and removing embolic debris in the blood lodged during stenting or angioplasty.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Embolic Protection Devices Market 2016-2020
Technavio recognizes the following companies as the key players in the global embolic protection devices market: Abbott Laboratories, Boston Scientific, Cardinal Health, and Medtronic.
Other Prominent Vendors in the market are: Abiomed, Advansource Biomaterials, AGA Medical, Allium Medical, AngioDynamics, AngioSlide, Atrium Medical, Biophan Technologies, Biosense Webster, Cardiac Science, CardiacAssist, Cardica, Cardio-Flow, Claret Medical, Contego Medical, Cook Group, Cryolife, Edward Lifesciences, Innovative Cardiovascular Solutions, Keystone Heart, and Transverse Medical.
Commenting on the report, an analyst from Technavio’s team said: “Integrated technologies by small companies for market penetration is a key trend for this market. Small companies develop advanced technologies to enter the market. Until date, only a few products are in their development stage or have received regulatory approval only in one region. These products are highly advanced and specific to the preference of physicians. Post approval, these advanced devices can pose a threat to large companies such as Medtronic and Boston Scientific.”
According to the report, incidence of cardiac diseases and adoption of PCI is a key driver for this market. The incidence of cardiac diseases is on the rise worldwide. In 2015, the CDC estimated that these diseases caused about 610,000 deaths in the US. The organization also estimates that coronary heart disease was the most common cardiac disease, causing 375,000 deaths in the US annually. To treat these diseases, physicians diagnose and may recommend surgeries based on their stage.
Further, the report states that high cost of stenting is a challenge to market growth. The demand for and use of embolic protection devices is low in many countries due to the high cost of stenting. The overall cost associated with stenting varies among hospitals based on the stent procedure, patient care, and hospital stay. The overall cost associated with stenting can be $12,000-$38,000, with the average price of the stents being $2,000-$4,500. The price of stents may further increase depending on the type of advanced technology used. The stenting procedure costs $7,000-$28,000.
Abbott Laboratories, Boston Scientific, Cardinal Health, Medtronic, Abiomed, Advansource Biomaterials, AGA Medical, Allium Medical, AngioDynamics, AngioSlide, Atrium Medical, Biophan Technologies, Biosense Webster, Cardiac Science, CardiacAssist, Cardica, Cardio-Flow, Claret Medical, Contego Medical, Cook Group, Cryolife, Edward Lifesciences, Innovative Cardiovascular Solutions, Keystone Heart, Transverse Medical.
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