Market Research Logo

Global Left Atrial Appendage (LAA) Closure Market 2016-2020

Global Left Atrial Appendage (LAA) Closure Market 2016-2020

Market outlook of the left atrial appendage closure market

The left atrial appendage (LAA) is a small ear-shaped sac in the muscle wall of the top left chamber of the heart that controls the electrical impulses during atrial fibrillation. LAA closure device is an interventional device used to prevent stroke, reduce the risk of secondary stroke and emboli because of atrial fibrillation. The global left atrial appendage closure market is expected to grow at a massive CAGR of over 28% during the forecast period.

Numerous factors drive the left atrial appendage closure market, but one of the main factors is the significant increase in the incidences of stroke. It is estimated that around 15 million people suffer a stroke every year across the globe. With the rise in the aging population, excessive smoking, average hypertension, and cholesterol levels, the number of atrial fibrillation cases is also increasing globally.

Segmentation by product and analysis of - epicardial LAA closure and endocardial LAA closure

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -

  • Epicardial LAA closure device
  • Endocardial LAA closure device
Endocardial involves implantation of a device to occlude the LAA. Endocardial LAA closure devices are implanted through a transseptal approach under TEE technique. A specific delivery system has been developed for each device type allowing for repositioning, collapse, or removal in the event of suboptimal results.

Geographical segmentation and analysis of - Americas, APAC, EMEA

The EMEA region is the highest revenue generator in the left atrial appendage closure market in 2015, accounting for about 52% share, and then followed by the APAC region. The market in the EMEA is expected to continue its growth during the forecast period and this is attributed to increase in the incidence of strokes and the growing elderly population. Stroke alone accounts for 1.1 million deaths in Europe every year.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
  • Americas
  • APAC
  • EMEA
Competitive landscape and key vendors - AtriCure, Boston Scientific, St. Jude, Coherex Medical

The LAA closure market witness the presence of very few market vendors, hence the competition in the market is moderate at present. However, the competition is expected to intensify with new product launches. Also, there is a vast opportunity for the market to grow significantly in the Americas in the forecast period.

Primary vendors in this market are:
  • AtriCure
  • Boston Scientific
  • St. Jude
  • Coherex Medical
Other prominent vendors included in this report are Lifetech Scientific, SentreHEART, and Occlutech.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global left atrial appendage closure market?
  • What are the key market trends impacting the growth of the global left atrial appendage closure market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global left atrial appendage closure market?
  • What are the market opportunities and threats faced by the vendors in the global left atrial appendage closure market?
  • What are the trending factors influencing the market shares of the APAC, EMEA, and the Americas?
  • What are the key outcomes of the five forces analysis of the global left atrial appendage closure market?
  • Technavio also offers customization on reports based on specific client requirement.
Related reports
  • Global Atrial Fibrillation Market 2015-2019
  • Global Coronary Artery Disease Treatment Devices Market 2015-2019
  • Global Geriatric Care Devices Market 2015-2019
  • Brain Monitoring Devices - Global Market Research 2015-2019
  • Global Heart Defect Closure Devices Market 2014-2018


Press Release

Technavio Announces the Publication of its Research Report – Global Left Atrial Appendage Closure Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Left Atrial Appendage Closure Market: AtriCure, Boston Scientific, St. Jude and Coherex Medical
Other Prominent Vendors in the market are: Lifetech Scientific, SentreHEART, and Occlutech.
Commenting on the report, an analyst from Technavio’s team said: “One of the major trends is the increasing focus on clinical trials by vendors for new product launches in the untapped market such as the US and APAC. This factor propels the growth of the market during the forecast period. The increase in awareness programs and significant growth opportunity in the US are also expected to boost market growth in the future.”
According to the report, one of the major growth factors is a significant increase in the incidences of stroke. It is estimated that 15 million people worldwide suffer a stroke each year. With the rise in the aging population, excessive smoking, average hypertension, and cholesterol levels, the number of atrial fibrillation cases is also increasing across the globe.
Further, the report states that one of the major challenges is the complicated LAA closure implantation procedure that requires experienced surgeons. Also, post implantation, timely procedural follow up and medical treatment are needed. This factor restrains the adoption of LAA closure devices.

Companies Mentioned

AtriCure, Boston Scientific, St. Jude, Coherex Medical, Lifetech Scientific, SentreHEART, Occlutech.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global left atrial appendage closure market 2015-2020 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Pipeline analysis
    • Table Pipeline analysis snapshot of LAA closure device
  • Regulation of LAA closure devices
    • Table Snapshot for regulation of medical devices
    • Table Timeline of key events - Watchman device regulations
  • Market segmentation by product
    • Table Segmentation of LAA closure by product
  • Geographical segmentation
    • Table Segmentation of global left atrial appendage closure market by geography 2015
    • Table Segmentation of global left atrial appendage closure market by geography 2020
    • Table Segmentation of global left atrial appendage closure market by geography 2015-2020
    • Left atrial appendage closure market in Americas
      • Table Left atrial appendage closure market in Americas 2015-2020 ($ millions)
    • Left atrial appendage closure market in EMEA
      • Table Left atrial appendage closure market in EMEA 2015-2020 ($ millions)
    • Left atrial appendage closure market in APAC
      • Table Left atrial appendage closure market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Increasing incidences of stroke
    • Potential long-term cost-effectiveness of LAA closure devices
    • Rise in aging population
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Complicated LAA closure implantation procedure
    • Stringent regulation for approval of device and product recalls
    • High acceptance of warfarin and dabigatran
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Focus on clinical trials
    • Increase in awareness programs
    • Significant growth in US
  • Vendor landscape
    • Competitive scenario
    • Market share analysis 2014
      • Table Key takeaways: Boston Scientific
      • Table Key takeaways: St. Jude Medical
      • Table Key takeaways: AtriCure
      • Table Key takeaways: Coherex Medical
    • Other prominent vendors
  • Key vendor analysis
    • AtriCure
      • Table AtriCure: Product categories
      • Table AtriCure: Geographical segmentation by revenue 2014
    • Boston Scientific
      • Table Boston Scientific: Business segmentation by revenue 2014
      • Table Boston Scientific: Business segmentation by revenue 2013 and 2014
    • St. Jude
      • Table St. Jude: Product segmentation by revenue 2014
      • Table St. Jude: Product segmentation by revenue 2013 and 2014
    • Coherex Medical
      • Table Coherex Medical: Product offering
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report