Allied Market Research

2024

Heart Defect Closure Devices Market

Heart Defect Closure Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Defect Type and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Medical Devices & Supplies

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Author's: | Roshan Deshmukh
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Heart defects closure devices are medical devices used for diagnosis and treatment of congenital heart defect, which include atrial septal defect, ventricular septal defect, left atrial appendage defect, and patent ductus arteriosus. These defects appear in the structure of the heart, which results in interference of normal flow of blood through the heart. Closure devices are employed to close an opening between right and left sides of the heart, thus treating congenital heart defects. 

Increase in incidence of congenital heart defects, upsurge in geriatric population, technological advancements in heart closure devices, and rise in adoption of MRI procedures are the key factors that drive the growth of the global heart defect closure devices market. However, high cost of production and stringent regulations associated with these devices restrain the market growth. On the contrary, increase in number of heart strokes and development of innovative products by key players are expected to provide remunerative opportunities for market expansion in the near future.

The utilization of 3D imaging and anatomical models in the manufacturing and planning processes of heart defect closure devices is gaining prominence in the market. This is expected to change the supply landscape of the industry, owing to characteristics such as personalization, adaptability, and flexibility provided by using 3D imaging technology. This in turn decreases the overall prostheses employed per patient along with the procedure time, which makes it a viable option in the production and planning process.

The global heart defects closure devices market is segmented into defect type, end user, and region. On the basis of defect type, the market is divided into atrial septal defect closure devices, left atrial appendage closure devices, patent foramen ovale closure devices, patent ductus arteriosus closure devices, and ventricular septal defect closure devices. By end user, it is classified into hospitals, and clinics. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the global heart defects closure devices market include Medtronic Plc., Boston Scientific Corporation, St. Jude Medical, Inc., W. L. Gore & Associates, Inc., Biosense Webster, Inc., Lifetech Scientific, Starway Medical Technology, Inc., Cardia, Inc., Occlutech Holding AG, and SentreHEART, Inc.

Key Benefits for Stakeholders 

  • The study provides an in-depth analysis of the global heart defects closure devices market with current trends and future estimations to elucidate the imminent investment pockets.
  • Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
  • Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
  • Key market players are profiled and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market.

Heart Defect Closure Devices Market Report Highlights

Aspects Details
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By Defect Type
  • Atrial Septal Defect Closure Devices
  • Left Atrial Appendage Closure Devices
  • Patent Foramen Ovale Closure Devices
  • Patent Ductus Arteriosus Closure Devices
  • Ventricular Septal Defect Closure Devices
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By End User
  • Hospitals
  • Clinics
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Occlutech Holding AG, SentreHEART, Inc., Medtronic Plc., W. L. Gore & Associates, Inc., Biosense Webster, Inc., St. Jude Medical, Inc., Cardia, Inc., Lifetech Scientific, Boston Scientific Corporation, Starway Medical Technology, Inc.

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Heart Defect Closure Devices Market

Global Opportunity Analysis and Industry Forecast, 2023-2032