Embolic Protection Systems Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Embolic Protection Systems Market Analysis
The embolic protection systems market studied was projected to grow with a CAGR of 8.6% over the forecast period.
COVID-19 had a significant impact on the embolic protection systems market since many neurovascular and cardiovascular surgeries were delayed or canceled during the initial wave of the pandemic. For instance, as per the article from PubMed published in February 2021, since neurological patients require more frequent hospitalization and had a higher chance of disability after discharge, patients had trouble getting regular monitoring, surgery, or treatment for their neurological issues because of the global lockdown, which had a significant impact on the market under study. Currently, the market is gaining its pre-pandemic environment due to the high demand for embolic protection systems as COVID-19-related restrictions have been eased. Also, the market is expected to witness growth in the coming years due to the rise in neurovascular and cardiac complications and an increase in the adoption of embolic protection systems.
Factors such as the rise in the prevalence of cardiovascular and neurovascular diseases and increasing demand for minimally invasive surgeries are expected to bolster market growth over the forecast period.
The major factor attributing to the growth of the market is the rising prevalence of cardiovascular and neurovascular diseases. For instance, as per the Global Stroke Fact Sheet 2022, around 12,224,551 cases of ischemic stroke were reported in 2022 across the globe. The same source further stated that over 12.2 million new strokes occur annually/each year globally. One in four people over age 25 will have a stroke in their lifetime. Since embolic protection systems are largely preferred in managing ischemic stroke, increasing cases of ischemic stroke are believed to propel the demand for these systems. Hence, the rise in cases of ischemic stroke is anticipated to utilize the embolic protection systems for the treatment and thereby boosting the market growth.
Furthermore, rising demand for minimally invasive procedures and increasing technological advancements are expected to boost the market growth. For instance, as per the article published in May 2022, in Frontiers, minimally invasive surgical (MIS) evacuation of the hematoma showed promising results and is likely to be implemented in clinical practice. Also, minimally invasive surgery (MIS) has proven to reduce mortality in deep-seated primary hematomas. Thus, chance of redcution in mortality for hematoms are expected to increase the adoption of minimally invasive surgeries and thereby likely to increase the demand for embolic protection systems and driving market growth.
Hence, due to the rise in cardiac and neurovascular complications, and the increase in the adoption of minimally invasive surgeries, the studied market is expected to witness significant growth over the forecast period. However stringent regulatory scenarios and unfavorable government policies and a lack of skilled professionals are the major drawbacks to market growth.
Embolic Protection Systems Market Trends
Cardiovascular Disease Segment is Expected to Witness a Notable Growth Over the Forecast period
The cardiovascular disease segment is expected to witness significant growth in the studied market owing to the factors such as an increase in cardiovascular diseases, and a rise in the adoption of embolic protection systems in cardiovascular therapies. For instance, as per the BHF fact sheet 2022, congenital heart disease is diagnosed in around 1 in 110 births globally, with more diagnoses later in life, that is an estimated 1.2 million babies a year. Similarly, according to the February 2023 update by AIHW, there were 146,000 coronary angiography procedures reported for patients admitted to hospitals in Australia, 97,200 (67%) for males and 48,900 (33%) for females during 2021-2021. Also, an increase in minimally invasive surgeries for heart diseases is expected to drive segment growth over the forecast period. For instance, as per the NICOR Adult Cardiac Surgery Report 2022, 19,333 adult heart operations were performed during the period of 2020-2021 across the United Kingdom. Thus, an increase in cardiac surgeries is expected to increase the demand for embolic protection systems and thereby boosting the segment growth over the forecast period.
Furthermore, in a survey conducted by JACC in February 2022, it was found that ECB can help in the reduction of stenosis rates and lower arterial host reaction compared to paclitaxel-coated balloons. Hence, such studies show the advantages offered by the ECB in cardiovascular disease, thereby increasing market growth in the studied segment. Moreover, in March 2022, Saint Luke's Health System sponsored a clinical trial to quantify the amount of debris captured by the SENTINEL transcatheter cerebral embolic protection (TCEP) device in patients undergoing valve in valve transcatheter aortic valve replacement (VIV TAVR) with bioprosthetic valvular fracture (BVF), Such clinical studies and researchers utilizing the embolic protection are estimated to increase the market growth.
Therefore, due to the rise in cardiac complications, the increase in cardiac surgery cases, and the increase in clinical studies associated with cardiovascular diseases utilizing embolic protection, the studied segment is expected to witness significant growth over the forecast period.
North America is Anticipated to Hold a Significant Market Share in the Embolic Protection Systems Market Over the Forecast Period
North America is expected to hold a significant market share in the overall embolic protection systems market, throughout the forecast period, mainly due to the high prevalence of cardiac and neurology diseases, an increase in healthcare expenditures, and the presence of key players.
The rise in the prevalence of cardiac complications among the North American population is expected to increase the demand for embolic protection systems. For instance, as per the July 2022 update from CIHI, about 2.4 million Canadians have heart disease. Hence, the high prevalence of the chronic disease is expected to utilize embolic protection systems over the forecast period. Also, research funding for heart and related diseases is expected to bolster the market growth in the North American region, over the forecast period. For instance, as per the May 2022 update by NIH, the estimated funding for Coronary Heart Disease research is USD 397 million in 2023. Thus, such research funding for heart diseases is estimated to bolster market growth over the forecast period.
Moreover, clinical studies relating to embolic protection conducted by organizations in the studied region are likely to drive market growth. For instance, as per the September 2022 update by Cleveland Clinic, findings from a Cleveland Clinic-led trial showed that a Cerebral Embolic Protection (CEP) device reduced the risk of disabling strokes by capturing and removing tiny pieces of calcium and other fragments resulting from transcatheter aortic valve replacement (TAVR) before they can reach the brain. Hence, owing to such advantages offered by embolic protection systems are expected to bolster the market growth over the forecast period.
Thus, due to the rise in cardiac and neurovascular diseases, and the increase in clinical studies associated with embolic protection, North America is expected to witness significant growth over the forecast period.
Embolic Protection Systems Industry Overview
The embolic protection systems market is moderately competitive. The major players are focusing on new advancements and product development. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Abbott, Medtronic, Cardinal Health, Contego Medical, LLC, Silk Road Medical, Inc, Edwards Lifesciences Corporation, and Lepu Medical Technology among others.
Embolic Protection Systems Market Leaders
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Boston Scientific Corporation
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Medtronic Plc
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Abbott Laboratories
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Cardinal Health
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Hellman & Friedman LLC (Cordis)
*Disclaimer: Major Players sorted in no particular order
Embolic Protection Systems Market News
- In November 2022, Innovative Cardiovascular Solutions sponsored a clinical study to evaluate the safety, effectiveness, and performance of the EMBLOK embolic protection systems (EPS) during transcatheter aortic valve replacement (TAVR) by randomized comparison with a commercially available embolic protection device.
- In June 2022, Filterlex Medical publicized results from a first-in-human (FIH) study demonstrating the safety, feasibility, and performance of the Captis device, a full-body embolic protection device that reduces the risk of stroke and other complications during left-heart procedures.
Embolic Protection Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in Prevalence of Cardiovascular and Neurovascular Diseases
4.2.2 Increasing Demand for Minimally Invasive Surgeries
4.3 Market Restraints
4.3.1 Stringent Regulatory Scenarios and Unfavorable Government Policies
4.3.2 Lack of Skilled Labor
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Product Technology Type
5.1.1 Distal Occlusion Devices
5.1.2 Distal Filters
5.1.3 Proximal Occlusion Devices
5.2 By Material
5.2.1 Nitinol
5.2.2 Polyurethane
5.3 By Application
5.3.1 Neurovascular Diseases
5.3.2 Cardiovascular diseases
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Hellman & Friedman LLC (Cordis)
6.1.2 Boston Scientific Corporation
6.1.3 Abbott Laboratories
6.1.4 Medtronic Plc
6.1.5 Cardinal Health
6.1.6 Contego Medical, LLC
6.1.7 Silk Road Medical,Inc
6.1.8 Edwards Lifesciences Corporation
6.1.9 Lepu Medical Technology
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Embolic Protection Systems Industry Segmentation
As per the scope of the report, embolic protection devices (EPDs) prevent or reduce plaque debris from reaching the distal bed and thereby have the potential to reduce adverse clinical events. The Embolic Protection Systems Market is Segmented by Product Technology Type (Distal Occlusion Devices, Distal Filters, Proximal Occlusion Devices), Material (Nitinol, Polyurethane), Application (Neurovascular Diseases, Cardiovascular diseases, Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Product Technology Type | |
| Distal Occlusion Devices | |
| Distal Filters | |
| Proximal Occlusion Devices |
| By Material | |
| Nitinol | |
| Polyurethane |
| By Application | |
| Neurovascular Diseases | |
| Cardiovascular diseases | |
| Others |
| Geography | ||||||||
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Embolic Protection Systems Market Research FAQs
What is the current Embolic Protection Systems Market size?
The Embolic Protection Systems Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in Embolic Protection Systems Market?
Boston Scientific Corporation , Medtronic Plc, Abbott Laboratories, Cardinal Health and Hellman & Friedman LLC (Cordis) are the major companies operating in the Embolic Protection Systems Market.
Which is the fastest growing region in Embolic Protection Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Embolic Protection Systems Market?
In 2024, the North America accounts for the largest market share in Embolic Protection Systems Market.
What years does this Embolic Protection Systems Market cover?
The report covers the Embolic Protection Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Embolic Protection Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Embolic Protection Systems Industry Report
Statistics for the 2024 Embolic Protection Systems market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Embolic Protection Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Embolic Protection Systems Market Report Snapshots
