The Heart Defect Closure Device Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Heart Defect Closure Device Market?
The market size for heart defect closure devices has been experiencing quick growth recently. The market size is projected to increase from $1.11 billion in 2024 to $1.27 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Heart Defect Closure Device Industry?
The heart defect closure device market is projected to reach a valuation of $2.17 billion in 2029, with a compound annual growth rate (CAGR) of 14.2%.
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What are the Key Growth Drivers Fueling the Heart Defect Closure Device Market?
The drivers in the heart defect closure device market are:
• Growing number of people with congenital heart problems
• Ageing population
• Rising health awareness
• Increasing research and development (R&D) and advancements in catheterization techniques
Global Market Segmentation: Identifying Major Heart Defect Closure Device Industry Segments
The heart defect closure device market covered in this report is segmented –
1) By Type: Atrial Septal Defect (ASD) Closure Device, Left Atrial Appendage (LAA) Closure Devices, Patent Foramen Ovale (PFO) Closure Devices, Patent Ductus Arteriosus (PDA) Closure Devices, Ventricular Septal Defect (VSD) Closure Devices
2) By Material: Nitinol-Based Devices, Stainless Steel Devices, Other Materials
3) By Mode Of Delivery: Transcatheter Delivery, Surgical Delivery, Other Modes
4) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
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What are the emerging Trends Shaping the Future of the Heart Defect Closure Device Market?
The trends in the heart defect closure device market are:
• Technological advancements are greatly impacting the future of the heart defect closure device market.
• Innovative product development is an emerging trend in the sector.
• The creation of next-generation heart closure devices is a significant upcoming trend.
• Growing detection of PFO closure devices can also be seen as a shaping trend in the market.
Who Are the Top Competitors & Leading Players in the Heart Defect Closure Device Market?
The major players in the heart defect closure device market are:
• Abbott Laboratories
• Medtronic
• Koninklijke Philips N
Regional Dominance: Which Area Leads the Global Heart Defect Closure Device Market Overview 2025: Size, Share & Growth Analysis Market?
North America was the largest region in the heart defect closure device market in 2023
