The global structural heart closure devices market
is expected to display positive growth in forthcoming years. Structural heart
diseases include heart ailments that include functional and structural
abnormalities of left and right ventricles, proximal vessels and heart valves.
The reimbursement structure is likely to favor patients making procedures
downright affordable and with aging, the Centers for Medicare and Medicaid
Services continue supporting the procedures. These bodies indirectly help
patients by listening to their redresses’ on the healthcare forum and easing
the burden of healthcare expenditure to encourage people to opt for treatment.
This is an encouraging factor for
rendering assistance for Procedures such as Left Atrial Appendage closure
(LAAC). LAAC reduces occurrence of strokes. Various investors are investing
profound sums in R&D to remain mainstream and competitive and are waiting
in the wings to obtain FDA approval in years ahead.
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Segmentation of structural heart
closure devices market includes Surgical Aortic Valve Replacement (SAVR), Trans
catheter Aortic Valve Replacement (TAVR), Mitral Repair and Left atrial
appendage closure (LAAC). By geography, segmentation includes North America,
Europe, Asia Pacific, MEA. SAVR ruled in 2016 due to proven efficacy in
treatments and strong reimbursement procedures.
LAAC is the fastest growing
sectors in forthcoming years. Minimal invasive procedures for the heart are
rapid promoters of growth in forecast period. The procedures reduce the risk of
blood clotting and of stroke, that of ischemic stroke. North America is
currently eyeing strong market growth in 2015 and minimally invasive procedures
are the reason for this dominance.
Asia Pacific is projected to
propel pace of growth in structural heart closure devices market growth and reasons
include increasing awareness about cardiac diseases, better newborn screening
programs to check congenital and other defects. Key news state that Johnson and
Johnson expressed a desire to enter structural heart closure market with a
leading stake in the market.
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The key industry players in heart
stoppage market include Boston Scientific, Medtronic, Edward Lifesynces
Corporation, Abbott Laboratories and St Jude Medical, Biomerics, Comed BV and
Cardiokinetix. A few companies such as Edward Life Sciences and Medtronic have
welcomed clinical trials and have got Investigational Device Exception approval
in August 2016. Japan Lifeline recommended the approval of figulla flex II
manufactured by Occlutech. Occulutech works in the field of structural heart
disease treatment.
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