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.
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.
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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.
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.