Growth Of Market Driven By Rising Congenital Heart Defects: Pivotal Factor Influencing Heart Closure Devices Market Growth in 2025

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Heart Closure Devices Market Size Growth Forecast: What to Expect by 2025?
The market size for heart closure devices has seen fast-paced growth in recent years, with an estimated rise from $2.77 billion in 2024 to $3.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.2%. Factors contributing to the growth during the historic period include heightened awareness among medical practitioners, an increase in device approvals from regulatory bodies, more supportive reimbursement policies, a rise in cardiovascular ailments, and an expanding aging population.

How Will the Heart Closure Devices Market Size Evolve and Grow by 2029?
Over the upcoming years, the market size of heart closure devices is projected to experience speedy expansion. By 2029, its value is estimated to approach $4.86 billion with a compound annual growth rate (CAGR) pegged at 12.0%. This growth during the forecast period is to be driven by factors such as the increasing prevalence of congenital heart defects, increased usage of MRI procedures, a rising count of heart strokes, growing instances of atrial fibrillation, and an enhanced inclination towards minimally invasive procedures. Key trends during this forecast period include the adoption of multi-functional devices, technological progress, innovation in terms of materials and design, the amalgamation of imaging technologies and development in bioresorbable materials.

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What Drivers Are Propelling the Growth of Heart Closure Devices Market Forward?
The heart closure devices market is predicted to grow due to the rising occurrence of cardiovascular diseases (CVDs). Factors such as ageing, unhealthy lifestyle choices, genetic predisposition, and heightened incidence of risk factors like hypertension, diabetes, and obesity are primarily driving the escalating prevalence of CVDs. Heart closure devices function to diminish the complication rates from congenital heart defects, they achieve this by minimally closing unusual heart openings, this method enhances blood flow and averts additional health issues. For instance, the Singapore Heart Foundation (SHF), a non-profit organization based in Singapore reported that in May 2024, the total number of deaths attributed to cardiovascular diseases was 26,885 in 2023. Additionally, ischemic heart disease caused 5,302 deaths, this was a rise from 5,290 deaths in 2022. Thus, the growing prevalence of cardiovascular diseases is fuelling the expansion of the heart closure devices market.

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Which Fast-Growing Trends Are Poised to Disrupt the Heart Closure Devices Market?
Leading firms active within the heart closure devices market are concentrating their efforts on the production of highly innovative solutions, such as patent foramen ovale occlusion devices, aiming to enhance patient outcomes and decrease procedural complications. These patent foramen ovale (PFO) occlusion devices pertain to the medical equipment designed for sealing an enduring opening in the heart known as a PFO, a gap persisting between the right and left atria that ideally should have sealed post-birth. A specific instance is Abbott Laboratories, a medical devices firm originating in the US, which launched the Amplatzer Talisman PFO Occlusion System in September 2022. This invention's purpose is to help people with PFO, particularly those having suffered a stroke and facing increased recurrence risk. The system boasts a pre-connected occluder to simplify the procedure, a flexible 30mm size for improved adaptability and a completely recapturable design, facilitating efficient PFO closures to mitigate future stroke risks.

What Are the Key Segments in 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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Who Are the Key Players Shaping the Heart Closure Devices Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in 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.

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