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Left atrial appendage (LAA) is a common site for thrombus formation. LAA is multi-lobed and can vary in orifice size and length. The varying shapes of LAA orifice are considered important when performing device closure since current devices are circular. LAA closure is a minimally invasive technique used to reduce the risk of stroke that may occur as a result of atrial fibrillation. LAA closure device is an interventional device used to avoid stroke, and mitigate the risk of embolism and secondary stroke because of atrial fibrillation. 

Rise in global demand for LAA closure can be primarily ascribed to the increase in number of geriatric population, growth in prevalence of atrial fibrillation, and technological advancements. Additionally, increase in investments by government and private companies in the field of atrial fibrillation is one of the key factors driving the global LAA closure market. However, presence of alternative technologies and high cost of LAA closure are the major factors hampering the global LAA closure market. Constant technological innovation and inclusion of modern technologies is leading to a rise in overall cost of the systems. This is prompting consumers to opt for alternative techniques, thereby restraining the global LAA closure market.

The global LAA closure market can be segmented based on product type, end-user, and geography. In terms of product type, the LAA closure market can be divided into endocardial and epicardial. Based on end-user, the LAA closure market can be segregated into hospitals, ambulatory surgery centers, and heart clinics.

Geographically, the global LAA closure market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises cumulative left atrial appendage (LAA) closure market for the U.S and Canada. Europe comprises collective market of left atrial appendage (LAA) closure in Germany, Italy, France, Spain, and Rest of Europe. Asia Pacific comprises cumulative market of left atrial appendage (LAA) closure in China, India, Australia, and New Zealand. Currently, North America leads the global LAA closure market. Europe also accounts for key share of the LAA closure market. Factors such as highly developed healthcare, biotechnology research infrastructure, availability of government grants to support research activities, and availability of skilled personnel to perform LAA closure procedures are driving the LAA closure market in North America and Europe. The LAA closure market in Asia Pacific is expanding at a significant rate owing to the rapidly developing healthcare infrastructure in the region. Furthermore, availability of advanced facilities at cheaper rates and rise in medical tourism are encouraging various companies in the market to establish research and development and manufacturing facilities in Asia Pacific. India, China, Japan, South Korea, and Singapore are some of the emerging economies that are attractive markets for LAA closure owing to the rise in disposable income and rapid increase in adoption of advanced technologies in these countries.

Prominent players operating in the LAA closure market are Sentreheart, Inc., Dune Medical Devices, Coherex Medical, Lifetech Scientific (Shenzhen), Abbott, Atricure, and BoAston Scientific Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Left Atrial Appendage Laa Closure Market

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