
Heart Defects Closure Device Market Size, Share & COVID-19 Impact Analysis | Global | 2021-2027 | MedCore | Segmented by: Patent Foramen Ovale Closure Device Market and Atrial & Ventricular Septal Defect Closure Device Markets
- Year: 2021
- Scope: 10 Years
- Region: Global
- Type: MedCore
The global Heart Defects Closure Device Market Report contains analysis for Patent Foramen Ovale Closure Devices and Atrial & Ventricular Septal Defect Closure Devices. The global patent foramen ovale closure device market size is estimated to increase over the forecast period to reach $322.7 million by 2027. The global atrial & ventricular septal defect closure device (ASD & VSD) market size is estimated to increase over the forecast period to reach $226.2 million by 2027.
Abbott and W.L. Gore were the share leaders in the global patent foramen ovale closure device (PFO) market and the global atrial & ventricular septal defect closure device market. This global analysis covers over 70 countries and includes in-depth procedure numbers by the country for each market.
The patent foramen ovale closure devices treat patent foramen ovale (PFO), a defect in the septum between the two atrial chambers of the heart. Overall, the market is expected to increase over the forecast period despite long-term clinical data limitations. The atrial and ventricular septal defect closure devices are inserted into the defect and expand to form a seal around the defect. Most of the time these devices allow the heart tissue to grow over the device with time. Overall, the market is expected to increase over the forecast period despite the declining ASPs and multiple competitors within the space.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2027, and Historical Data to 2017
- Recent Mergers & Acquisitions
- Disease Overviews
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
Procedure Numbers 
Procedure numbers for the heart defects closure device market include patent foramen ovale (PFO) devices and atrial and ventricular septal defect (ASD & VSD) closure devices are included. PFO closure procedures are performed in the heart catheterization lab by a cardiologist. ASD and VSD closure procedures are performed in the heart catheterization lab by a cardiologist. For both, the procedure numbers are divided by country with an in-depth analysis including information ranging from 2017 to 2027. The atrial and ventricular septal defect (ASD & VSD) closure devices are segmented into the atrial septal defect closure device market and ventricular septal defect closure device market.
Patent Foramen Ovale Closure Device Market Insights
Moderate growth over the forecast period is projected for the patent foramen ovale closure device market. PFOs are present in 20-25% of the population and are significantly more prevalent in patients who have had a stroke. PFO closure has also been seen to potentially benefit migraine sufferers as 25% of these patients have PFOs. The large patient population will drive this market and enable it to experience growth. PFO procedures are minimally invasive and because of this, they are favored as they reduce pain and the duration of hospital stays. However, the lack of clinical data and the low diagnosis rate for patients with PFO limit this market and challenge the growth rate.
Atrial and Ventricular Septal Defect Closure Device Market Insights
The global market for atrial (ASD) and ventricular septal defect (VSD) closure devices is driven primarily by sales of atrial septal defect closure devices. Units sold are dependent on the number of ASD and VSD procedures done annually. As procedure numbers experience modest growth over the forecast period, so do unit sales. With a growing global population, the number of patients requiring ASD/VSD is expected to increase. Similarly, as more doctors become comfortable performing these procedures, the market for the devices will increase. The limited patient population along with market saturation limit the market and slow the rate of unit sales growth and the number of devices sold. Despite this, the overall market is expected to increase over the forecast period.
MARKET SHARE INSIGHTS
Abbott and W.L. Gore controlled the global patent foramen ovale closure device and the atrial and ventricular septal defect closure device markets. In 2020, Abbott was the leading competitor in the market for PFO devices. The Amplatzer™ PFO Occluder received CE Mark approval in 1998. In 2020, Abbott was the leading competitor for ASD and VSD devices. For ASD devices, Abbott offers the Amplatzer™ Septal Occluder, which is a minimally invasive device using transcatheter for replacement. The Amplatzer™ Muscular VSD Occluder is the VSD device that Abbott offers.
RESEARCH REGIONAL COVERAGE
Throughout this report, iData Research has covered over 70 countries across the globe in great detail. Each global region may be purchased as a stand-alone report, tailoring the data to your needs. The regions covered are:
- North America (the United States and Canada)
- Latin America (Brazil, Mexico, Colombia, Argentina, Peru, Chile, Venezuela, and Other)
- Western Europe (Germany, France, Italy, Spain, Switzerland, Austria, Portugal, Benelux, Scandinavia, and Other)
- Central and Eastern Europe (Poland, Turkey, Russia, Greece, Czech Republic, Croatia, Bulgaria, Ukraine, Kazakhstan, Hungary, Romania, Baltic States (Estonia, Latvia, and Lithuania), and Other)
- Middle East (Saudi Arabia, UAE, Israel, Iran, Kuwait, Qatar, Bahrain, Oman, and Other)
- Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Indonesia, Malaysia, Thailand, the Philippines, Brunei, Myanmar, Cambodia, Vietnam, New Zealand, Taiwan, Hong Kong, and Other)
- Africa South Africa, Egypt, Morocco, Ghana, Nigeria, Libya, Sudan, Uganda, Kenya, and Other)
iData’s 9-Step Research Methodology
Our reports follow an in-depth 9-step methodology which focuses on the following research systems:- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
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Heart Defects Closure Device Market Size, Share & COVID-19 Impact Analysis | Global | 2021-2027 | MedCore | Segmented by: Patent Foramen Ovale Closure Device Market and Atrial & Ventricular Septal Defect Closure Device Markets
$4,995 – $8,995
The global Heart Defects Closure Device Market Reportcontains analysis for Patent Foramen Ovale Closure Devices and Atrial & Ventricular Septal Defect Closure Devices. The global patent foramen ovale closure market and global atrial & ventricular septal defect closure markets are expected to reach $322.7M and $226.2M by 2027, respectively.
- 2021
- 10 Years
- Global
- MedCore



