Market Size of Embolic Protection Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Embolic Protection Systems Market Analysis
The embolic protection systems market studied was projected to grow with a CAGR of 8.6% over the forecast period.
COVID-19 had a significant impact on the embolic protection systems market since many neurovascular and cardiovascular surgeries were delayed or canceled during the initial wave of the pandemic. For instance, as per the article from PubMed published in February 2021, since neurological patients require more frequent hospitalization and had a higher chance of disability after discharge, patients had trouble getting regular monitoring, surgery, or treatment for their neurological issues because of the global lockdown, which had a significant impact on the market under study. Currently, the market is gaining its pre-pandemic environment due to the high demand for embolic protection systems as COVID-19-related restrictions have been eased. Also, the market is expected to witness growth in the coming years due to the rise in neurovascular and cardiac complications and an increase in the adoption of embolic protection systems.
Factors such as the rise in the prevalence of cardiovascular and neurovascular diseases and increasing demand for minimally invasive surgeries are expected to bolster market growth over the forecast period.
The major factor attributing to the growth of the market is the rising prevalence of cardiovascular and neurovascular diseases. For instance, as per the Global Stroke Fact Sheet 2022, around 12,224,551 cases of ischemic stroke were reported in 2022 across the globe. The same source further stated that over 12.2 million new strokes occur annually/each year globally. One in four people over age 25 will have a stroke in their lifetime. Since embolic protection systems are largely preferred in managing ischemic stroke, increasing cases of ischemic stroke are believed to propel the demand for these systems. Hence, the rise in cases of ischemic stroke is anticipated to utilize the embolic protection systems for the treatment and thereby boosting the market growth.
Furthermore, rising demand for minimally invasive procedures and increasing technological advancements are expected to boost the market growth. For instance, as per the article published in May 2022, in Frontiers, minimally invasive surgical (MIS) evacuation of the hematoma showed promising results and is likely to be implemented in clinical practice. Also, minimally invasive surgery (MIS) has proven to reduce mortality in deep-seated primary hematomas. Thus, chance of redcution in mortality for hematoms are expected to increase the adoption of minimally invasive surgeries and thereby likely to increase the demand for embolic protection systems and driving market growth.
Hence, due to the rise in cardiac and neurovascular complications, and the increase in the adoption of minimally invasive surgeries, the studied market is expected to witness significant growth over the forecast period. However stringent regulatory scenarios and unfavorable government policies and a lack of skilled professionals are the major drawbacks to market growth.
