Global PFO Closure Device Market Growth 2023-2029

Global PFO Closure Device Market Growth 2023-2029

Patent Foramen Ovale (PFO), A hole in your heart would seem to be the very definition of a “problem.” Yet more than a quarter of the population has one, and for most it causes no adverse health effects. In fact, the vast majority of those affected don’t even know it.

There are two kinds of holes in the heart. One is called an atrial septal defect (ASD), and the other is a patent foramen ovale (PFO). Although both are holes in the wall of tissue (septum) between the left and right upper chambers of the heart (atria), their causes are quite different. An ASD is a failure of the septal tissue to form between the atria, and as such it is considered a congenital heart defect, something that you are born with. Generally, an ASD hole is larger than that of a PFO. The larger the hole, the more likely there are to be symptoms.
LPI (LP Information)' newest research report, the “PFO Closure Device Industry Forecast” looks at past sales and reviews total world PFO Closure Device sales in 2022, providing a comprehensive analysis by region and market sector of projected PFO Closure Device sales for 2023 through 2029. With PFO Closure Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PFO Closure Device industry.
This Insight Report provides a comprehensive analysis of the global PFO Closure Device landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PFO Closure Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global PFO Closure Device market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PFO Closure Device and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PFO Closure Device.
The global PFO Closure Device market size is projected to grow from US$ 118.8 million in 2022 to US$ 206.1 million in 2029; it is expected to grow at a CAGR of 206.1 from 2023 to 2029.
The main market for PFO shut-off devices is Europe with approximately 55%, followed by North America with approximately 20%. Abbott, Occlutech and Starway are the leading manufacturers, with Abbott leading the world with about 70%. Non-degradable PFO Occluder is the main type, with a share about 93%.
This report presents a comprehensive overview, market shares, and growth opportunities of PFO Closure Device market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Non-degradable
Degradable
Segmentation by application
Public Hospital
Private Hospital
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott
Occlutech
Starway
W. L. Gore & Associates
Cardia
LifeTech
Key Questions Addressed in this Report
What is the 10-year outlook for the global PFO Closure Device market?
What factors are driving PFO Closure Device market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do PFO Closure Device market opportunities vary by end market size?
How does PFO Closure Device break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.