According to the business intelligence report titled ‘Global Left Atrial Appendage (LAA) Closure Device Market Size study, by Product (Epicardial LAA Closure Device and Endocardial LAA Closure Device), by End User (Hospitals, Ambulatory Surgical Centers, and Heart Clinics) and Regional Forecasts 2021-2027.’, available with MarketStudyReport, global left atrial appendage (LAA) closure device market is slated to witness significant growth between 2021-2027.
 

Growing number of research programs & awareness campaigns coupled with collective inclination towards minimally invasive procedures are the key factors driving global left atrial appendage closure device market. Better safety & efficiency offered by LAA devices will aid revenue inflow as well.
 

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Increasing development of advanced surgical solutions will also facilitate industry growth. In 2020 for instance, Append Medical Limited developed the Appligator, a transcatheter LAA occlusion device which eliminates the need for implants.
 

On the other hand, stringent government policies will act as a challenge for businesses operating in this domain.
 

Based on product gamut, worldwide left atrial appendage closure device market sphere is split into endocardial LAA closure device, and epicardial LAA closure device. As per end user spectrum, the business space is fragmented into hospitals, heart clinics, and ambulatory surgical centers.
 

The market share held, growth rate, sales amassed, revenue garnered, and valuation of each segment is also given in the research report. 
 

From regional frame of reference, North America held majority of global left atrial appendage closure device market share in the recent past owing to availability of an extensive range of treatments and easy availability of modern medical technologies. Meanwhile, Europe market is projected to expand rapidly between 2021-2027, primarily due to favorable government initiatives and growing popularity of atrial fibrillation.
 

Leading companies formulating the competitive landscape of global left atrial appendage closure device market are Boston Scientific Corporation, Cardia Inc., AtriCure Inc., Johnson & Johnson, Abbott Laboratories Inc., Lifetech Scientific Corporation, Occlutech International AB, Coherex Medical Inc.,  SentreHEART Inc., and Dune Medical Devices Limited.
 

These companies are focusing on strategic decisions including mergers & acquisitions, partnerships, collaborations, product launches, and investments in R&D activities to maximize profits and strengthen their foothold in this business sphere.