Heart Closure Devices Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theHeart Closure Devices Market?
The escalating rate of cardiovascular diseases (CVDs) is presumed to bolster the expansion of the heart closure devices market in the future. Factors such as ageing, unhealthy lifestyle practices, genetic susceptibility, and a growing prevalence of risk factors, including hypertension, diabetes, and obesity, underpin the rise of cardiovascular diseases. Heart closure devices contribute to minimizing the potential complications arisen from congenital heart defects by minimally invasive closure of atypical openings in the heart. This results in enhanced blood circulation and averts further health complications. For example, the Singapore Heart Foundation noted in May 2024 that deaths from cardiovascular disease marked a total of 26,885 in 2023. Furthermore, ischemic heart disease caused 5,302 fatalities, indicating a rise from 5,290 deaths in 2022. As such, the escalating rate of cardiovascular diseases (CVDs) is fuelling the surge in the heart closure devices market.
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#How Does the ProjectedHeart Closure Devices Market Growth Compare Over the Forecast Period?
In recent times, the market size for heart closure devices has seen extensive growth. Projections indicate that it will increase from $2.77 billion in 2024 to $3.10 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. This substantial growth in the previous period is due to factors such as increased awareness amongst healthcare professionals, more approvals for the devices by regulatory bodies, improved reimbursement policies, a rise in cardiovascular diseases, and an expanding elderly population.
The market size for heart closure devices is anticipated to experience rapid expansion in the coming years, expected to reach $4.87 billion by 2029 with an 11.9% Compound Annual Growth Rate (CAGR). The projected growth during the forecast period is due to several factors including the increased cases of congenital heart defects, a rising trend in the use of MRI procedures, a surge in heart stroke instances, a growing occurrence of atrial fibrillation and an escalating inclination towards minimally invasive procedures. The forecast period will also witness significant trends like the incorporation of multi-functional devices, advancements in technology, innovations in material and design, the merging of imaging technologies, and progress in bioresorbable materials.
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What Are the Latest Innovations Influencing theHeart Closure Devices Market?
Key players in the heart closure devices market are prioritizing the creation of state-of-the-art solutions such as patent foramen ovale occlusion systems. Their aim is to enhance patient results and decrease complications during procedures. Patent foramen ovale (PFO) occlusion systems are medical equipment used to seal a stubborn opening in the heart named a PFO – a gap between the left and right atria, expected to have sealed itself naturally after birth but still persists. Take for example, in September 2022, the U.S. medical devices firm, Abbott Laboratories, unveiled the Amplatzer Talisman PFO Occlusion System. This cutting-edge appliance is intended to aid people suffering from PFO, especially those who have previously suffered a stroke and are at an escalated danger of it happening again. The system incorporates a pre-connected occluder for smooth operations, a versatile 30mm size for superior adaptability, and a design that can be fully retrieved, promising success in PFO closures to minimize the chances of future strokes.
Who Are the Major Industry Players Accelerating Growth in theHeart Closure Devices Market?
Major companies operating in the heart closure devices market are Abbott Laboratories, Medtronic plc, Boston Scientific Corp., Lepu Medical Technology Ltd., Terumo Corporation, Edwards Lifesciences, Teleflex Incorporated, Merit Medical Systems Inc., Cordis Corporation, AtriCure Inc., Lifetech Scientific Corp., Sahajanand Medical Technologies, W. L. Gore And Associates Inc., Occlutech GmbH, NMT Medical Inc., Sorin Group Italia S.p.A., Vivasure Medical Limited, B Braun Interventional Systems, HeartStitch Inc., MicroPort Scientific Corporation
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Which Primary Segments of the Heart Closure Devices Market Are Driving Growth and Industry Transformations?
The heart closure devices market covered in this report is segmented –
1) By Product: Atrial Septal Defect (ASD) Closure Devices, Ventricular Septal Defect (VSD) Closure Devices, Patent Foramen Ovale (PFO) Closure Devices, Left Atrial Appendage (LAA) Closure Devices, Other Products
2) By Material: Nitinol-Based Devices, Stainless Steel Devices, Other Materials
3) By Mode of Delivery: Transcatheter Delivery, Surgical Delivery
4) By End Use: Hospitals, Ambulatory Surgical Centers (ASCs), Cardiac Catheterization Laboratories, Other End Uses
Subsegments:
1) By Atrial Septal Defect (ASD) Closure Devices: Self-expanding Occluders, Balloon-expandable Occluders, Other ASD Closure Devices
2) By Ventricular Septal Defect (VSD) Closure Devices: Transcatheter VSD Closure Devices, Surgical VSD Closure Devices, Other VSD Closure Devices
3) By Patent Foramen Ovale (PFO) Closure Devices: Double-Disc Occluders, Single-Disc Occluders, Other PFO Closure Devices
4) By Left Atrial Appendage (LAA) Closure Devices: LAA Occluders, LAA Clip Systems, Other LAA Closure Devices
5) By Other Products: Septal Defect Closure Devices, Endovascular Closure Devices, Other Specialty Closure Devices
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theHeart Closure Devices Market?# Market?
North America was the largest region in the heart closure devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heart closure devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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