heart closure devices market, heart closure devices market size, heart closure devices market share, heart closure devices market growth, heart closure devices market outlook, heart closure devices market insights
How much is the heart closure devices market worth, and how is it expected to expand?
The heart closure devices market size has grown rapidly in recent years. It will grow from $2.77 billion in 2024 to $3.10 billion in 2025 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increasing awareness among healthcare providers, increasing device approvals by authorities, increasing favorable reimbursement policies, increasing cardiovascular diseases, and a growing geriatric population.
The heart closure devices market size is expected to see rapid growth in the next few years. It will grow to $4.87 billion in 2029 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to the increasing incidence of congenital heart defects, rising adoption of MRI procedures, increasing number of heart strokes, increasing incidence of atrial fibrillation, and rising preference for minimally invasive procedures. Major trends in the forecast period include the integration of multi-functional devices, technological advancements, innovation in materials and design, the integration of imaging technologies, and innovation in bioresorbable materials.
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Which industry factors have accelerated the heart closure devices market’s expansion?
The increasing incidence of cardiovascular diseases (CVDs) is expected to propel the growth of the heart closure devices market going forward. The increasing incidence of cardiovascular diseases (CVDs) is driven by factors such as aging, unhealthy lifestyle choices, genetic predisposition, and increasing prevalence of risk factors such as hypertension, diabetes, and obesity. Heart closure devices help reduce the incidence of complications from congenital heart defects by minimally invasively closing abnormal openings in the heart, improving blood flow, and preventing further health issues. For instance, in May 2024, according to the Singapore Heart Foundation (SHF), a Singapore-based non-profit organization, the total number of deaths from cardiovascular disease accounted for 26,885 in 2023. Moreover, ischemic heart disease resulted in 5,302 deaths, showing an increase from 5,290 deaths in 2022. Therefore, the increasing incidence of cardiovascular diseases (CVDs) is driving the growth of the heart closure devices market.
What are the primary segments of the heart closure devices market?
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 firms are leading the heart 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
Which market trends are set to define the future of the heart closure devices market?
Major companies operating in the heart closure devices market are focusing on developing technologically advanced solutions, such as patent foramen ovale occlusion systems, to improve patient outcomes and reduce procedural complications. Patent foramen ovale (PFO) occlusion systems are medical devices used to close a persistent opening in the heart, known as a PFO, which is a hole between the right and left atria that should have naturally closed after birth but remains open. For instance, in September 2022, Abbott Laboratories, a US-based medical devices company, launched the Amplatzer Talisman PFO Occlusion System. This innovative device is designed to treat individuals with PFO, particularly those who have experienced a stroke and are at a heightened risk of recurrence. The system features a pre-attached occluder for streamlined procedures, a versatile 30mm size for better adaptability, and a fully recapturable design, ensuring effective PFO closure to lower the risk of future strokes.
Which geographic trends are shaping the heart closure devices market, and which region has the highest market share?
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.
What Does The Heart Closure Devices Market Report 2025 Offer?
The heart closure devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Heart closure devices are advanced medical tools designed to seal holes or openings in the heart, commonly arising from congenital defects or surgical interventions. They are used to treat conditions such as atrial septal defects (ASD), patent foramen ovale (PFO), and other structural heart abnormalities. These minimally invasive devices are typically delivered through catheter-based procedures, offering a safer alternative to open-heart surgery.?
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