The heart defect closure devices market size has the potential to grow by USD 3.31 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 26.15%.
This heart defect closure devices market research report provides a detailed analysis of the market by product (LAA closure devices, PFO closure devices, ASD closure devices, and others) and geography (Asia, Europe, North America, and ROW).
Heart Defect Closure Devices Market Size
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Who are the Major Heart Defect Closure Devices Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Abbott Laboratories
- AtriCure Inc.
- Boston Scientific Corp.
- Cardia Inc.
- Lepu Medical Technology (Beijing) Co. Ltd.
- Lifetech Scientific (Shenzhen) Co. Ltd.
- Meril Life Sciences Pvt. Ltd.
- MicroPort Scientific Corp.
- Occlutech International AB
- W. L. Gore & Associates Inc.
The heart defect closure devices market is concentrated and the vendors are deploying growth strategies such as R&D, technological innovations, geographic expansion, investments in market growth initiatives, and distribution network expansion to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as technological advances in heart defect closure to achieve growth opportunities. However, factors such as limitations and complications associated with heart defect closure devices will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the heart defect closure devices market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This heart defect closure devices market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
What are the Key Heart Defect Closure Devices Market Drivers and Trends?
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Which are the Key Markets for Heart Defect Closure Devices?
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43% of the market’s growth will originate from North America during the forecast period. The US is a key market for heart defect closure devices in North America. Market growth in North America will be faster than the growth of the market in other regions.
The increasing number of product approvals is one of the prime factors that will facilitate the heart defect closure devices market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Major Product Segments in the Heart Defect Closure Devices Market?
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LAA closure devices account for the largest heart defect closure devices market share in the product segment. The introduction of technologically advanced products, the geographic expansion of LAA closure devices, the increasing experience of interventional cardiologists resulting in higher LAAO implantation success rates and lower complication rates, and the presence of guidelines recommending the use of LAAO are increasing the demand for LAA closure devices. The heart defect closure devices market share growth by the LAA closure devices segment will be faster than the PFO closure devices, ASD closure devices, and other segments.
An in-depth scenario-based approach was followed in this heart defect closure devices market research report to identify the direct and indirect impact of COVID-19 on market growth. Buy the full market research report to gain actionable insights on the influence of COVID-19 on heart defect closure devices market segments.
Key Highlights of the Heart Defect Closure Devices Market Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive heart defect closure devices market growth during the next five years
- Precise estimation of the heart defect closure devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the heart defect closure devices industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of heart defect closure devices market vendors
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