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US Market for Heart Defect Closure Devices - 2016 (Forecasted to 2022) - MedCore

US Market for Heart Defect Closure Devices - 2016 (Forecasted to 2022) - MedCore

  • September 2015
  • 78 pages
  • ID: 3911624
  • Format: PDF
  • By iData Research, Inc.

Summary

Table of Contents

As of August 2015, the FDA had not approved a device for PFO closure. Therefore, device-based patent foramen ovale (PFO) closure procedures are most commonly performed using atrial septal defect (ASD) closure devices being used off-label. Despite the lack of FDA approval, PFO closure remains popular due to the reduced risk of stroke and the reduced frequency of migraines. Over 2.5 million men and women suffer from atrial fibrillation (AF) in the United States. With many AF patients hesitant to take anti-coagulant medication, a huge patient population exists for left atrial appendage (LAA) closure devices in the United States. Endocardial LAA closure devices present a minimally invasive option for LAA management. As of August 2015, the U.S. market for endocardial LAA closure devices was composed entirely of Boston Scientific’s WATCHMAN™ device, which received FDA approval in March 2015. The large AF patient population, reports of negative patient outcomes with other methods of LAA closure and patient preference for minimally invasive treatment techniques will combine to drive unit sales of the endocardial LAA segment to grow at a CAGR in excess of 60% over the forecast period. The rapidly increasing unit sales of the endocardial LAA segment will interact with the high ASP of the WATCHMAN™ to urge massive growth in the value of the total U.S. market for LAA devices.This Report Includes Segments On:- Patent Foramen Ovale Devices- Atrial and Ventricular Septal Defect Devices- Left Atrial Appendage Closure Device MarketThis 78 Page Report Includes:In-depth, Professionally Researched Data That Has Been Formatted and Analyzed to Gain Actionable Insights as Quickly as PossibleExecutive SummaryTrend Analysis by SegmentMarket Value Forecasts until 2022 and History Back to 2012Market Drivers and LimitersDetailed Competitive Analysis for Each Market and SegmentWhile PFO closure devices have the largest share of the U.S. market for PFO, ASD & ventricular septal defect (VSD) closure devices, VSD closure devices have the smallest share. Historically, the size of the VSD closure device segment had been limited by the number of patients requiring treatment for VSDs, which has remained much smaller than the number of patients requiring treatment for ASD or PFO. Over 2.5 million men and women suffer from atrial fibrillation (AF) in the United States. With many AF patients hesitant to take anti-coagulant medication, a huge patient population exists for left atrial appendage (LAA) closure devices in the United States.

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