Key Influencer in the Heart Closure Devices Market 2025: Growth Of Market Driven By Rising Congenital Heart Defects Driver

What combination of drivers is leading to accelerated growth in the heart closure devices market?
The escalating prevalence of cardiovascular diseases (CVDs) is anticipated to boost the expansion of the heart closure devices market. This escalating prevalence of CVDs comes from factors such as aging, harmful lifestyle habits, genetic susceptibility, and a growing occurrence of risk factors such as hypertension, diabetes, and obesity. Heart closure devices play a crucial role in minimizing the complications arising from congenital heart defects by non-invasively sealing irregular openings in the heart, enhancing blood circulation, and averting additional health issues. For example, the Singapore Heart Foundation (SHF), a non-profit organization based in Singapore, reported that in May 2024, there were a total of 26,885 deaths from cardiovascular disease in 2023. In addition, deaths due to ischemic heart disease rose to 5,302 from 5,290 in the previous year, 2022. Hence, the escalating prevalence of cardiovascular diseases (CVDs) fuels the expansion of the heart closure devices market.

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What is the projected compound annual growth rate (CAGR) of the heart closure devices market from 2025 to 2034, and what factors influence it?
The market size for heart closure devices has experienced accelerated growth lately. The market is projected to expand from its value of $2.77 billion in 2024 to $3.10 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.2%. Various factors contributed to the growth in the historical period such as the heightened awareness amongst healthcare practitioners, the rise in device sanctions by governing bodies, improvements in reimbursement policies, an increase in cardiovascular diseases, and a surge in the aging population.

The market for heart closure devices is predicted to experience accelerated growth in the coming years. The market is set to expand to $4.87 billion by 2029, with a compound annual growth rate (CAGR) of 11.9%. This growth during the projection period can be credited to factors such as a rise in congenital heart defects, a surge in the utilization of MRI procedures, an increased amount of heart strokes, a growing occurrence of atrial fibrillation, and an escalated preference for minimally invasive procedures. Key trends expected in this period are the incorporation of multi-functional devices, advancement in technology, material and design innovations, the inclusion of imaging technologies, and advancements in bioresorbable materials.

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How are the latest trends influencing the growth of the heart closure devices market?
Firms dominant in the market for heart closure devices are prioritizing the development of technologically cutting-edge solutions such as patent foramen ovale occlusion systems. This is in a bid to enhance patient outcomes and minimize procedural issues. Medical devices known as patent foramen ovale (PFO) occlusion systems are used to close a persisting opening in the heart called a PFO, an aperture between the right and left atria that should have naturally sealed after birth but remains open. For example, Abbott Laboratories, an American medical devices firm, in September 2022 introduced the Amplatzer Talisman PFO Occlusion System. This new device aims to treat patients with PFO, especially those who have had a stroke and face an increased risk of another. The system is equipped with a pre-attached occluder for straightforward procedures, a flexible 30mm size for improved adaptability, and a completely recapturable design, ensuring efficient PFO closure to decrease the possibility of future strokes.

What are the major segments of the heart closure devices market and their role in driving growth?
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 heart closure devices 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.

Who are the key firms paving the way for growth in 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

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What Is Covered In The Heart Closure Devices Global Market Report?

•Market Size Forecast: Examine the heart closure devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the heart closure devices market for a structured understanding.
•Key Players Overview: Analyze major players in the heart closure devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the heart closure devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the heart closure devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the heart closure devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the heart closure devices market.
•Competitive Landscape: Review strategic developments in the heart closure devices market, including expansions, agreements, and new product launches.

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