The Asia-Pacific embolic protection devices market is anticipated to grow at a CAGR of 7.4% during the forecast period. Asia-Pacific accounted for the third-largest share in the global embolic protection devices market. Some of the factors contributing to this region’s growth are the presence of a large pool of patient population, improvements in healthcare infrastructure, and increased healthcare expenditure. Further, the increasing prevalence of cardiac diseases, including CVDs and valvular heart diseases, aging population are the key factors driving the embolic protection devices market in the region. Asia-Pacific region was estimated to have around 549 million people aged 60 years or over in 2017, which represented around 57% of the global elderly population. The percentage is projected to increase to 61% by 2050. Such a rapidly growing aging population will have a higher risk of having various cardiac disorders, which will need more uptake of embolic protection devices. As a result, Asia-Pacific serves as an attractive market destination for many global and local vendors.
The Asia-Pacific embolic protection devices market is segmented based on product, application, and end-user. Based on product, the market is segmented into filter devices and occlusion devices. Based on application, the market is categorized into cardiovascular & peripheral and neurovascular. Based on end-user, the market is fragmented into ambulatory surgery centers, freestanding CATH labs, hospitals, and specialty cardiac centers.
Country-wise, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. With the rapid aging population, various heart related ailments have become a serious public health problem in China, the country has witnessed fastest growth rate for the uptake of embolic protection devices, across Asia-Pacific. For instance, in China, the number of people aged above 60 years is expected to reach 437 million by 2050. According to the UN report, more than 30% of the total population in China will comprise elderly people by 2050. As elderly people are more susceptible to heart diseases than other population groups, an increase in the elderly population is contributing to the embolic protection devices market. In addition, the improvement in national reimbursement policy, as well as the availability of provincial reimbursement for many medical devices, will influence the uptake of embolic protection devices in China.
Research Methodology
The market study of the Asia-Pacific embolic protection devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Asia Pacific Embolic Protection Devices Industry Market by Product
5.1.1. Filter Devices
5.1.2. Occlusion Devices
5.2. Asia Pacific Embolic Protection Devices Market by Application
5.2.1. Cardiovascular & Peripheral
5.2.2. Neurovascular
5.3. Asia Pacific Embolic Protection Devices Market by End-user
5.3.1. Ambulatory Surgery Centers
5.3.2. Freestanding CATH Labs
5.3.3. Hospitals
5.3.4. Specialty Cardiac Centers
6. Regional Analysis
6.1. China
6.2. India
6.3. Japan
6.4. South Korea
6.5. Rest of Asia Pacific
7. Company Profiles
7.1. Abbott
7.2. Boston Scientific Corp.
7.3. Cardinal Health, Inc.
7.4. InspireMD Inc.
7.5. Medtronic plc
7.6. NIPRO
7.7. Terumo Corp.
7.8. VENUS MEDTECH
1. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
2. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
3. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
4. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
1. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET SHARE BY PRODUCT, 2020 VS 2027 (%)
2. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
3. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET SHARE BY END-USER, 2020 VS 2027 (%)
4. ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET SHARE BY COUNTRY, 2020 VS 2027 (%)
5. CHINA EMBOLIC PROTECTION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
6. INDIA EMBOLIC PROTECTION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
7. JAPAN EMBOLIC PROTECTION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
8. SOUTH KOREA EMBOLIC PROTECTION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)
9. REST OF ASIA PACIFIC EMBOLIC PROTECTION DEVICES MARKET SIZE, 2020-2027 ($ MILLION)