Market Overview:
The global appendage management market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing incidence of cardiovascular diseases, technological advancements in the field of medical devices, and rising demand for minimally invasive procedures. Based on type, the global appendage management market is segmented into epicardial LAA closure devices and endocardial LAA closure devices. The epicardial LAA closure devices segment is expected to grow at a higher CAGR than the endocardial LAA closure devices segment during the forecast period. This growth can be attributed to factors such as growing preference for minimally invasive procedures and increasing awareness about these devices among physicians and patients. Based on application, the global appendage management market is divided into hospitals, diagnostic laboratories, academic research institutes, and others (including ambulatory surgical centers). The hospitals segment accounted for majority share of the global appendage management market in 2017 owing to high prevalence of cardiovascular diseases across all regions studied in this report.
Product Definition:
Appendage management is the process of managing and caring for an individual's body appendages. This includes activities such as bathing, dressing, grooming and wound care. Appendage management is important because it helps to maintain a person's independence and quality of life.
Epicardial LAA Closure Devices:
Epicardial LAA closure devices, it's usage and growth factor in appendage management market? The global epicardial LAA closure devices, it's usage and growth factor in the appendage management market is expected to witness significant growth over the forecast period. The factors that propel the growth of this market include rising incidence of Acute Appendicitis (Appendectitis) due to growing geriatric population base worldwide.
Endocardial LAA Closure Devices:
Endocardial LAA closure devices are used in the treatment of patients suffering from acute appendicitis and is intended to reduce the inflow of blood into the heart chamber. These devices are minimally invasive and hence provide faster recovery as compared to open surgery.
Application Insights:
The market is segmented into hospitals, diagnostic laboratories, academic research institutes and others. Hospitals held the largest share in 2017 owing to the presence of a large number of patients suffering from cardiac arrest at risk of dying without timely treatment. The hospital segment is expected to continue holding the largest share throughout the forecast period due to factors such as increasing prevalence of cardiac arrest and rising awareness among healthcare professionals regarding timely treatment.
Increasing cases of death caused by lack of oxygen supply or blood flow to vital organs during Cardiac Resuscitation (CR) are also driving hospital application for appendage management systems. For instance, according to data published by American Heart Association in 2016, out-of-hospital cardiac arrest (OHCA) accounted for around 37% deaths every year in U.S., which resulted in more than 300 thousand deaths across America alone that year.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as favorable government initiatives, increasing incidence of heart diseases, and high adoption rate of advanced technologies. The U.S. is at the forefront with a large number of patients undergoing surgeries due to cardiac disorders every year.
Asia Pacific is expected to register significant growth over the forecast period owing to factors such as improving healthcare infrastructure and rising patient awareness regarding available treatment options for various congenital heart defects including appendageal ones which are driving demand for LAAC devices in this region.
The key players operating in this space are Boston Scientific Corporation; Medtronic; St Jude Medical Inc.; Abbott Laboratories; Cordis Corp.; Biotronik AG & Co.
Growth Factors:
- Increasing incidence of appendicitis: The incidence of appendicitis is increasing globally due to the changing lifestyle and dietary habits. This is expected to drive the demand for appendage management products and services in the coming years.
- Growing awareness about appendage management procedures: There is a growing awareness among people about various appendage management procedures such as laparoscopic surgery, which is expected to boost the market growth in the near future.
- Technological advancements in appendix removal surgeries: There have been significant advancements in appendix removal surgeries over the past few years, owing to which more number of people are opting for these procedures. This is likely to fuel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Appendage Management Market Research Report
By Type
Epicardial LAA Closure Devices, Endocardial LAA Closure Devices
By Application
Hospitals, Diagnostic Laboratories, Academic Research Institutes, Others
By Companies
Boston Scientific, Medtronic, Johnson & Johnson, AtriCure, Cardia, Abbott Laboratories, LifeTech Scientific, SentreHEART, Occlutech International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Appendage Management Market Report Segments:
The global Appendage Management market is segmented on the basis of:
Types
Epicardial LAA Closure Devices, Endocardial LAA Closure Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Laboratories, Academic Research Institutes, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- Medtronic
- Johnson & Johnson
- AtriCure
- Cardia
- Abbott Laboratories
- LifeTech Scientific
- SentreHEART
- Occlutech International
Highlights of The Appendage Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epicardial LAA Closure Devices
- Endocardial LAA Closure Devices
- By Application:
- Hospitals
- Diagnostic Laboratories
- Academic Research Institutes
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Appendage Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Appendage management is the process of managing body parts and limbs that have been lost or injured. This can include everything from providing care for a severed limb to ensuring a prosthetic device fits properly.
Some of the key players operating in the appendage management market are Boston Scientific, Medtronic, Johnson & Johnson, AtriCure, Cardia, Abbott Laboratories, LifeTech Scientific, SentreHEART, Occlutech International.
The appendage management market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Appendage Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Appendage Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Appendage Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Appendage Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Appendage Management Market Size & Forecast, 2020-2028
4.5.1 Appendage Management Market Size and Y-o-Y Growth
4.5.2 Appendage Management Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Epicardial LAA Closure Devices
5.2.2 Endocardial LAA Closure Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Laboratories
6.2.3 Academic Research Institutes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Appendage Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Appendage Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Epicardial LAA Closure Devices
9.6.2 Endocardial LAA Closure Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Laboratories
9.10.3 Academic Research Institutes
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Epicardial LAA Closure Devices
10.6.2 Endocardial LAA Closure Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Laboratories
10.10.3 Academic Research Institutes
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Epicardial LAA Closure Devices
11.6.2 Endocardial LAA Closure Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Laboratories
11.10.3 Academic Research Institutes
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Epicardial LAA Closure Devices
12.6.2 Endocardial LAA Closure Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Laboratories
12.10.3 Academic Research Institutes
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Epicardial LAA Closure Devices
13.6.2 Endocardial LAA Closure Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Laboratories
13.10.3 Academic Research Institutes
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Appendage Management Market: Competitive Dashboard
14.2 Global Appendage Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 Medtronic
14.3.3 Johnson & Johnson
14.3.4 AtriCure
14.3.5 Cardia
14.3.6 Abbott Laboratories
14.3.7 LifeTech Scientific
14.3.8 SentreHEART
14.3.9 Occlutech International
