Left Atrial Appendage Closure Device Market by Technique (Endocardial, Epicardial), by End-user (Ambulatory Surgical Centres, Hospitals, Others), and by Region - Global Forecast to 2023-2033

The left atrial appendage closure device market size is estimated to be USD 991.5 million in 2022 and is expected to witness a CAGR of 21.5% during the forecast period 2023-2033. Increasing prevalence of atrial fibrillation, changes in lifestyle, improved access to healthcare services, and rise in the number of elderly people who are susceptible to CVDs are projected to drive the market growth in near future. Furthermore, adoption of new technologies and product approvals and government schemes and increasing awareness campaigns is projected to support the market growth. However, availability of less expensive alternatives and the high cost of left atrial appendage atrial closure devices are predicted to limit market growth are expected to restrain the market growth.

The adoption of new technologies and product approvals is predicted to propel the market growth. For instance, Abbott’s Amplatzer Amulet LAAOccluder for the treatment of atrial fibrillation obtained U.S. FDA approval in August 2021. A left atrial appendage closure device that Johnson & Johnson is working on could possibly reach the American market the next year.

Government schemes and increasing awareness campaigns is projected to support the market growth. A number of policies focuses on healthcare are included in the 14th Five-Year Plan, which outlines China’s development course for the following five years. These policy focuses range from the enhancement of balanced quality medical resources and support for tiered diagnosis systems to the development of high-end medical devices and the expansion of remote medical care. Additionally, the market participants’ increasing emphasis on regional and global strategy in the Chinese region spurs on overall market growth.

Segmentation

By Technique

The market is categorized into endocardial and epicardial. In 2022, the endocardial segment accounted for the highest revenue share due to the multiple advantages offered by endocardial LAA devices. Endocardial implants are regarded to be more user-friendly. A diverse selection of products is easily accessible, and a strong product pipeline also supports segment growth. The market share of endocardial LAAC devices has grown further as a result of the devices’ robust product pipeline, that includes the Watchman device, which received US approval, and numerous other devices that are presently undergoing clinical testing. Additionally, these market leaders are actively investing in research initiatives that promote innovation, offering them the ability to provide advanced solutions, and help them to achieve the highest revenue levels.

By End User

The market is categorized into ambulatory surgical centres, hospitals, and others. In the global market, the hospitals segment accounted for the largest revenue share in 2022 owing to rising popularity of LAA procedures and the growing acceptability of LAA closure devices in hospitals. The availability of advanced medical technology, the presence of qualified healthcare professionals, and the adoption of the most recent LAA closure devices are additional factors anticipated to boost the expansion of the hospital segment. The key source of funding for the entire sector and a major player in the healthcare system, hospitals encourage research and innovation. Market participants are therefore making a significant amount of effort to market their products and services in hospitals, both financially and through marketing techniques.

Regional Markets

In 2022, North America region accounted for the highest revenue in the left atrial appendage closure device market and is expected to maintain its dominance during the forecast period. This is attributed to rising prevalence of atrial fibrillation. According to the CDC, between 2.7 million and 6.1 million Americans experienced atrial fibrillation in 2019. As the country’s population ages, this number is expected to rise. Atrial fibrillation elevates the risk of a heart attack, making management of the left atrial appendage essential. The well-known important players put a lot of focus on creating strategic plans, including collaborating on research projects, launching new products, entering into new markets, and forming distribution alliances. The Asia Pacific left atrial appendage closure (LAAC) device market is predicted to exhibit considerable expansion throughout the forecast period due to developing healthcare systems, increasing health care costs, and growing public awareness of the LAAC device.

Competitor Insights

Some of the key players operating in the left atrial appendage closure device market are Lepu Medical Technology (Beijing) Co. Ltd., AtriCureInc., Life tech Scientific, Cardia, Inc., Boston Scientific Corporation, and Johnson & Johnson (Biosense Webster, Inc.).

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

  • For instance, Boston Scientific launched in September 2022 that the U.S. FDA has approved increased WATCHMAN FLX LAAC device labelling for dual anti-platelet treatment as a post-procedural medication option. Similarly, Abbott announced in April 2022 that its AmplatzerTM Steerable Delivery Sheath is now accessible in the United States for the treatment of atrial fibrillation.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including technique and end user from 2022 to 2033.

Report Scope:

Key Parameters Details
Market size in 2022
  • USD 991.5 Million
CAGR
  • 21.5%
Base Year
  • 2022
Forecast Period
  • 2023-2033
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • COVID-19 impact analysis
Segment Market Scope
  • Technique
  • End user
Regional Market Scope
  • North America
    (U.S. and Canada)
  • Europe
    (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific
    (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America
    (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA
    (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • Other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Segmentation: Left Atrial Appendage Closure Device Market Report 2022 – 2033

Technique (Revenue, USD Million), 2022 – 2033

  • Endocardial
  • Epicardial

End user (Revenue, USD Million), 2022 – 2033

  • Ambulatory Surgical Centres
  • Hospitals
  • Others

By Region (Revenue, USD Million), 2022 – 2033

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Contents: Left Atrial Appendage Closure Device Market 2022-2033

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
  1. Introduction: Left Atrial Appendage Closure Device
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. SWOT Analysis
  2. COVID-19 Impact Analysis: Left Atrial Appendage Closure Device Market  
  3. Market Analysis by Technique
    1. Endocardial
      1. Endocardial Market Forecast, 2022-2033(USD Million)
    2. Epicardial
      1. Epicardial Market Forecast, 2022-2033(USD Million)
  1. Market Analysis byEnd User
    1. Ambulatory Surgical Centres
      1. Ambulatory Surgical Centres Market Forecast, 2022-2033(USD Million)
    2. Hospitals
      1. Hospitals Market Forecast, 2022-2033(USD Million)
    3. Others
      1. Others Market Forecast, 2022-2033(USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends
  2. North America Left Atrial Appendage Closure Device Market  
    1. North America Left Atrial Appendage Closure Device Market
      1. North America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Technique, 2022-2033(USD Million)
        2. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. S. Left Atrial Appendage Closure Device Market
        1. S. Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Technique, 2022-2033(USD Million)
          2. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. Canada Left Atrial Appendage Closure Device Market
          1. Canada Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Technique, 2022-2033(USD Million)
            2. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Europe Left Atrial Appendage Closure Device Market  
    1. Europe Left Atrial Appendage Closure Device Market
      1. Europe Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Technique, 2022-2033(USD Million)
        2. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Germany Left Atrial Appendage Closure Device Market
        1. Germany Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Technique, 2022-2033(USD Million)
          2. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. UK Left Atrial Appendage Closure Device Market
          1. UK Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Technique, 2022-2033(USD Million)
            2. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. France Left Atrial Appendage Closure Device Market
            1. France Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Technique, 2022-2033(USD Million)
              2. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. Spain Left Atrial Appendage Closure Device Market
              1. Spain Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                2. Market Size and Forecast by End User, 2022-2033(USD Million)
              2. Italy Left Atrial Appendage Closure Device Market
                1. Italy Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                  2. Market Size and Forecast by End User, 2022-2033(USD Million)
                2. Rest of Europe Left Atrial Appendage Closure Device Market
                  1. Rest of Europe Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                    2. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Asia Pacific Left Atrial Appendage Closure Device Market  
    1. Asia Pacific Left Atrial Appendage Closure Device Market
      1. Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Technique, 2022-2033(USD Million)
        2. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Japan Left Atrial Appendage Closure Device Market
        1. Japan Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Technique, 2022-2033(USD Million)
          2. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. China Left Atrial Appendage Closure Device Market
          1. China Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Technique, 2022-2033(USD Million)
            2. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. India Left Atrial Appendage Closure Device Market
            1. India Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Technique, 2022-2033(USD Million)
              2. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. South Korea Left Atrial Appendage Closure Device Market
              1. South Korea Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                2. Market Size and Forecast by End User, 2022-2033(USD Million)
                3. Market Size and Forecast by Device, 2022-2033(USD Million)
              2. Australia Left Atrial Appendage Closure Device Market
                1. Australia Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                  2. Market Size and Forecast by End User, 2022-2033(USD Million)
                2. Rest of Asia Pacific Left Atrial Appendage Closure Device Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                    2. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Latin America Left Atrial Appendage Closure Device Market  
    1. Latin America Left Atrial Appendage Closure Device Market
      1. Latin America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Technique, 2022-2033(USD Million)
        2. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Brazil Left Atrial Appendage Closure Device Market
        1. Brazil Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Technique, 2022-2033(USD Million)
          2. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. Mexico Left Atrial Appendage Closure Device Market
          1. Mexico Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Technique, 2022-2033(USD Million)
            2. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. Argentina Left Atrial Appendage Closure Device Market
            1. Argentina Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Technique, 2022-2033(USD Million)
              2. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. Rest of Latin America Left Atrial Appendage Closure Device Market
              1. Rest of Latin America Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Technique, 2022-2033(USD Million)
                2. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. MEA Left Atrial Appendage Closure Device Market  
    1. MEA Left Atrial Appendage Closure Device Market
      1. MEA Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Technique, 2022-2033(USD Million)
        2. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. GCC Left Atrial Appendage Closure Device Market
        1. GCC Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Technique, 2022-2033(USD Million)
          2. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. South Africa Left Atrial Appendage Closure Device Market
          1. South Africa Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Technique, 2022-2033(USD Million)
            2. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. Rest of MEA Left Atrial Appendage Closure Device Market
            1. Rest of MEA Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Technique, 2022-2033(USD Million)
              2. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2022
    2. Major Recent Developments, 2019-2022
  2. Company Profiles
    1. Lepu Medical Technology (Beijing) Co. Ltd.
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    2. Life tech Scientific
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    3. Cardia, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    4. Boston Scientific Corporation
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    5. Johnson & Johnson (Biosense Webster, Inc.)
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    6. Company 7
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    7. Company 8
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    8. Company 9
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    9. Company 10
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    10. Company 11
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    11. Company 12
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    12. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    13. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    14. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Technique Benchmarking
      5. Recent Developments
    15. Others Prominent Players
  3. Conclusion & Recommendations

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