Dublin, June 07, 2022 (GLOBE NEWSWIRE) -- The "Global PFO Amplatzer Market, By Type, Application & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global PFO Amplatzer market was valued at USD 154.71 Million in 2021, and it is expected to reach a value of USD 300.50 Million by 2027, at a CAGR of more than 11.70% over the forecast period (2022 - 2027).
Globally stroke is the leading cause of mortality and death. According to American Heart Association, in 2017, stroke accounted for about 1 of every 19 deaths in the US. In 2017, the age-adjusted stroke death rate was 37.6 per 100,000, a decrease of 13.6% from 2007, whereas the actual number of stroke deaths increased 7.7% during the same time period and PFO is one of the major causes of these cardiac strokes. Approximately 25% of the adult population has a PFO. Thus, the rising number of PFO-related strokes is driving the growth of the PFO Amplatzer devices market.
The total long-term cost is significantly lower in the case of PFO Amplatzer devices than a standard medical procedure done to treat PFO. The overall costs for the PFO Amplatzer device compared with standard medical management are $16,323 vs $7,670 i.e 47% saving.
The incremental costs for the PFO Amplatzer device are only $8,653 and only within 5 years of PFO Amplatzer achieving an Institute for Clinical and Economic Review (ICER) of $21,049, beneficially lower than the conventional threshold of $50,000. Thus, owing to the cost-benefit the use of PFO devices will increase over the forecast period.
Changing lifestyle and food consumption habits among consumers along with owing to high disposable income is resulting in an increasing percentage of heart attacks and cardiovascular diseases. These diseases are one of the major factors driving the growth of the global PFO Amplatzers to a certain extent.
Also, awareness about the issue with PFO and its closure devices is increasing which also drives the growth of the PFO Amplatzer devices market.
Players in this market adopted various strategies to expand their global footprint and augment their market share. The key strategies followed by most companies in the global PFO Amplatzer market were agreements and collaborations, mergers and acquisitions, and expansion.
The Major Key players are discussed in this report such as Abbott, Occlutech, Starway, W. L. Gore & Associates, Cardia Inc., Lifetech Scientific (Shenzhen) Co., Ltd.
Key Topics Covered:
Executive Summary
Market overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global Market Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
KEY MARKET INSIGHTS
- Demand Side Trends
- Supply Side Trends
- Price Trend
- Historic
- Current
- Forecast
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Key Exporting and Importing Countries
- Value Chain Analysis
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
COVID IMPACT
- Introduction
- Impact On Economy - scenario Assessment
- Revised Market Size
- Impact Of COVID On Key Segments
- COVID Strategies by Company
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Porters Analysis
- Competitive rivalry
- Threat of substitute products
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers
- Special insights on future disruptions
- Technical Impact
- Economic impact
- Social Impact
Global PFO Amplatzer Market by Material
- Market segments
- Amplatzer PFO Occluder
- Market Estimates & Forecast, 2021-2027
Global PFO Amplatzer Market by Application
- Market Segments
- Hospitals
- Market Estimates & Forecast, 2021-2027
- Clinics
- Market Estimates & Forecast, 2021-2027
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
KEY COMPANY PROFILES
Companies Mentioned
- Abbott
- Occlutech
- Starway
- W. L. Gore & Associates
- Cardia Inc
- Lifetech Scientific (Shenzhen) Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/r/i8nq5v
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