Heart Closure Devices Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What Is the Forecasted Market Size and Growth Rate for the Heart Closure Devices Market?
The market size for heart closure devices has seen significant development in the recent past. The market value is predicted to surge from $2.77 billion in 2024 to $3.10 billion in 2025, with a compound annual growth rate (CAGR) of 12.2%. Factors contributing to this growth during the historical period include heightened awareness among healthcare professionals, higher approval rates for devices by regulatory bodies, better reimbursement policies, rise in cardiovascular diseases, and an expanding elderly population.

Over the next few years, the heart closure devices market is predicted to experience swift growth, expanding to $4.87 billion by 2029 with a compound annual growth rate (CAGR) of 11.9%. The forecast period's growth may be credited to various factors such as the surging rate of congenital heart defects, increasing use of MRI procedures, a rise in heart strokes, increased occurrence of atrial fibrillation, and a growing inclination towards minimally invasive procedures. The forthcoming period will likely see key trends such as the incorporation of multifunctional devices, technological progress, material and design innovation, the inclusion of imaging technologies, and advancement in bioresorbable materials.

What Factors Are Propelling the Expansion of the Heart Closure Devices Market?
The heart closure devices market is set to witness significant growth due to the escalating occurrence of cardiovascular diseases (CVDs). The prevalence of CVDs is being heightened by aging, unhealthy lifestyle choices, genetic predisposition, and a rising prevalence of risk factors such as hypertension, diabetes, and obesity. With their ability to minimally invasively close abnormal openings in the heart, heart closure devices can reduce the risk of complications from congenital heart defects, improve blood flow, and prevent further health problems. The Singapore Heart Foundation (SHF), a non-profit organization based in Singapore, reported in May 2024 that in 2023, cardiovascular diseases caused 26,885 deaths. Furthermore, deaths from ischemic heart disease rose from 5,290 in 2022 to 5,302. Consequently, the rising incidence of cardiovascular diseases (CVDs) is fueling the expansion of the heart closure devices market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20828&type=smp

Which Businesses Are at the Forefront of Heart Closure Devices Market Development?
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

What Are the Latest Innovations in the Heart Closure Devices Market?
Leading firms in the heart closure devices market are concentrating on the creation of advanced technological solutions, including patent foramen ovale occlusion systems, with the aim of enhancing patient results and minimizing procedure-related complications. Patent foramen ovale (PFO) occlusion systems are medical devices utilized to seal a continual aperture in the heart, identified as a PFO, an opening between the right and left atria which ideally should have sealed naturally following birth, but remained open. As an illustration, in September 2022, Abbott Laboratories, a medical devices corporation based in the US, introduced the Amplatzer Talisman PFO Occlusion System. This novel device is constructed for the treatment of patients with PFO, especially those who have had a stroke and are at an increased risk of another one. The system includes a pre-connected occluder for efficient procedures, a flexible 30mm size for better flexibility, and a completely recapturable design, thereby ensuring successful closure of the PFO to drastically reduce the risk of subsequent strokes.

How Is the Heart Closure Devices Market Segmented?
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

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/heart-closure-devices-global-market-report

Where Is the Heart Closure Devices Market Growth Most Prominent?
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 Is Covered In The Heart Closure Devices Global Market Report?

- Market Size Analysis: Analyze the heart closure devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the heart closure devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall heart closure devices market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the heart closure devices market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20828

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.