Heart Defect Closure Device Market Growth and Trends: Key Insights into Market 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 External and Internal Drivers Are Contributing to the Growth of theHeart Defect Closure Device Market?
An upward trajectory in individuals suffering from congenital heart issues is anticipated to stimulate the expansion of the heart defect closure device market. These congenital heart issues relate to inherent structural abnormalities in the heart present since birth. This rise in congenital heart issues can be attributed to genetic factors, environmental impacts, and issues related to maternal health such as diabetes, obesity, and the exposure to specific medication or infections during pregnancy. Heart defect closure devices play a pivotal role in addressing congenital heart issues, providing minimally invasive solutions to close abnormal heart openings, subsequently restoring typical blood flow, minimizing complications, and amplifying overall heart performance. For instance, as per an article in the National Library of Medicine (NLM) released in October 2024, a research on US-based biomedical informatics and computational health data science illustrated a significant increase in the incidence rate of congenital heart defects (CHD), noting a rise to 5.46% in 2023, compared to 1.12% in 2020, 2.36% in 2021 and 3.87% in 2022. Consequently, the escalating number of individuals with congenital heart issues is fuelling the demand in the heart defect closure device market.
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How Has the Heart Defect Closure Device Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market size for heart defect closure devices has seen notable expansion in the past few years. The forecast suggests an increase from $1.11 billion in 2024 to $1.27 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.5%. This surge during the historical period may be accredited to the escalating prevalence of congenital heart disorders, an ageing demographic, enhanced health consciousness, augmented R&D, and improvements in catheterization approaches.
The market size for heart defect closure devices is projected to experience substantial expansion in the upcoming years, with an expected value of $2.17 billion by 2029 growing at a compound annual growth rate (CAGR) of 14.2%. The surge predicted in this timeframe is owing to factors such as an increase in congenital defects, advancements in diagnostic methods, a greater reliance on MRI procedures, and the enhanced usage of 3D imaging in heart defect closure techniques, coupled with a high incidence of ischemic stroke. The period of forecast also anticipates various trends, including technological progress, invention of new products, development of next-gen heart closure devices, an increase in the detection of PFO closure devices, and the necessity to evaluate the advantages of PFO closure for the elderly population.
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Which Upcoming Market Trends and Innovations Are Set to Influence theHeart Defect Closure Device Market’s Path Forward?
Leading firms in the heart defect closure device market are innovating and producing self-expanding, double-disc occluders for a less invasive solution to close heart defects. The use of such occluders provides heightened surgical safety, improves patient prognosis by decreasing recovery durations, and diminishes potential risks linked to conventional open-heart procedures. For example, in September 2022, Abbott Laboratories, a healthcare and medical equipment company based in the US, introduced the Amplatzer Talisman PFO Occlusion System in Europe. This system is specially designed to seal a patent foramen ovale (PFO), which is an abnormal opening between the left and right atria of the heart and can cause strokes or other issues. It employs a less invasive process to deploy a self-expanding, double-disc occluder, composed of nitinol wire mesh, effectively securing the PFO and preventing the movement of clots between the atria.
Who Are the Dominant Market Players Pushing the Boundaries of theHeart Defect Closure Device Market?
Major companies operating in the heart defect closure device market are Abbott Laboratories, Medtronic, Koninklijke Philips N.V., Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences, W L Gore and Associates, B. Braun, BIOTRONIK SE & Co. KG, Lepu Medical Technology, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, AtriCure Inc., LifeTech Scientific Corporation, Baylis Medical Company Inc., Biosense Webster Inc., Sahajanand Medical Technologies Limited, Occlutech, Coherex Medical Inc., Cardia Inc., Acrostak Corporation, Vivasure Medical, Transmural Systems Inc., Cormatrix Cardiovascular Inc., and St. Jude Medical LLC.
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What Are the Core Segments of the Heart Defect Closure Device Market, and How Do They Contribute to Growth?
The heart defect closure device market covered in this report is segmented –
1) By Type: Atrial Septal Defect (ASD) Closure Device, Left Atrial Appendage (LAA) Closure Devices, Patent Foramen Ovale (PFO) Closure Devices, Patent Ductus Arteriosus (PDA) Closure Devices, Ventricular Septal Defect (VSD) Closure Devices
2) By Material: Nitinol-Based Devices, Stainless Steel Devices, Other Materials
3) By Mode Of Delivery: Transcatheter Delivery, Surgical Delivery, Other Modes
4) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Atrial Septal Defect (ASD) Closure Device: Occluder Devices (Septal Occluders), Implantable Patch Devices, Self-Expanding Devices, Balloon-Expandable Devices
2) By Left Atrial Appendage (LAA) Closure Devices: Occluder Devices (WATCHMAN Device), Clip-Based Devices, Self-Expanding LAA Closure Devices
3) By Patent Foramen Ovale (PFO) Closure Devices: Septal Occluders, Self-Expanding Occluders, Balloon-Expandable Occluders
4) By Patent Ductus Arteriosus (PDA) Closure Devices: Coil-Based Closure Devices, Stent-Based Closure Devices, Amplatzer Occluders
5) By Ventricular Septal Defect (VSD) Closure Devices: Septal Occluder Devices, Balloon-Expandable Occluders, Self-Expanding Occluders
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What Regions Are Dominating the Heart Defect Closure Device Market Growth?
North America was the largest region in the heart defect closure device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heart defect closure device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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