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Global Heart Defect Closure Devices Market 2019-2023

Global Heart Defect Closure Devices Market 2019-2023

About this market

AF is the most commonly encountered arrhythmia in clinical practice. It is associated with increased morbidity, especially stroke and heart failure, and mortality. AF is becoming a major public health burden across the world, and its prevalence is expected to increase due to the rapidly growing geriatric population, especially in developing countries. Other risk factors of AF such as high blood pressure (BP), obesity, diabetes, heart failure, ischemic heart disease, chronic kidney disease (CKD), and the heavy consumption of alcohol are also on the rise. Hence, the rising prevalence of AF will increase the demand for LAA closure therapy. which will drive the growth of the global heart defect closure devices market. Technavio’s analysts have predicted that the heart defect closure devices market will register CAGR of over 29% by 2023.

Market Overview

Technological advances in heart defect closure

There had been several significant technological advances in all forms of cardiovascular care. especially in the treatment of structural heart disease, in the last decade. The advances in catheterization techniques, medical imaging, and devices have increased the adoption of minimally invasive procedures. Therefore, interventional cardiology procedures have now become the standard of care to treat ASD and PFO.

Shortage of skilled surgeons to perform heart defect closure procedures

There is a global shortage of cardiologists, including general cardiologists, electrophysiologists: interventional cardiologists, both coronary and peripheral, and pediatric cardiologists. This shortage is attributed to the aging cardiology community, limited growth in fellowship positions, increasing burden of cardiovascular diseases (CVDs): and evolving health care reforms.

For the detailed list of factors that will drive and challenge the growth of the heart defect closure devices market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of few vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Heart Defect Closure Devices Market 2019-2023

Technavio recognizes the following companies as the key players in the global heart defect closure devices market: Abbott, AtriCure, Inc., Boston Scientific Corporation, Cardia, Inc., Lifetech Scientific, W. L. Gore & Associates, Inc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing number of clinical trials to expand geographic coverage of heart defect closure devices.”

According to the report, one of the major drivers for this market is the demand for heart defect closure devices is increasing, which is driving the growth of the market.

Further, the report states that one of the major factors hindering the growth of this market is the limitations and complications associated with the heart defect closure devices.

Companies Mentioned

Abbott
AtriCure
Inc.
Boston Scientific Corporation
Cardia
Inc.
Lifetech Scientific
W. L. Gore & Associates Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • LAA closure devices - Market size and forecast 2018-2023
      • Table LAA closure devices - Market size and forecast 2018-2023 ($ millions)
      • Table LAA closure devices - Year-over-year growth 2019-2023 (%)
    • PFO closure devices - Market size and forecast 2018-2023
      • Table PFO closure devices - Market size and forecast 2018-2023 ($ millions)
      • Table PFO closure devices - Year-over-year growth 2019-2023 (%)
    • ASD closure devices - Market size and forecast 2018-2023
      • Table ASD closure devices - Market size and forecast 2018-2023 ($ millions)
      • Table ASD closure devices - Year-over-year growth 2019-2023 (%)
    • Other heart defect closure devices - Market size and forecast 2018-2023
      • Table Other heart defect closure devices - Market size and forecast 2018-2023 ($ millions)
      • Table Other heart defect closure devices - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
      • Table Health expenditure (% of GDP) between 2005 and 2015
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing number of clinical trials to expand geographic coverage of heart defect closure devices
    • Rising focus on R&D of bioabsorbable occluders
    • Use of 3D imaging in heart defect closure procedures
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott
      • Table Abbott - Vendor overview
      • Table Abbott - Business segments
      • Table Abbott - Organizational developments
      • Table Abbott - Geographic focus
      • Table Abbott - Segment focus
      • Table Abbott - Key offerings
      • Table Abbott - Key customers
    • AtriCure, Inc.
      • Table AtriCure, Inc. - Vendor overview
      • Table AtriCure, Inc. - Product segments
      • Table AtriCure, Inc. - Organizational developments
      • Table AtriCure, Inc. - Geographic focus
      • Table AtriCure, Inc. - Segment focus
      • Table AtriCure, Inc. - Key offerings
      • Table AtriCure, Inc. - Key customers
    • Boston Scientific Corporation
      • Table Boston Scientific Corporation - Vendor overview
      • Table Boston Scientific Corporation - Business segments
      • Table Boston Scientific Corporation - Organizational developments
      • Table Boston Scientific Corporation - Geographic focus
      • Table Boston Scientific Corporation - Segment focus
      • Table Boston Scientific Corporation - Key offerings
      • Table Boston Scientific Corporation - Key customers
    • Cardia, Inc.
      • Table Cardia, Inc. - Vendor overview
      • Table Cardia, Inc. - Product segments
      • Table Cardia, Inc. - Key offerings
      • Table Cardia, Inc. - Key customers
    • Lifetech Scientific
      • Table Lifetech Scientific - Vendor overview
      • Table Lifetech Scientific - Business segments
      • Table Lifetech Scientific - Organizational developments
      • Table Lifetech Scientific - Geographic focus
      • Table Lifetech Scientific - Segment focus
      • Table Lifetech Scientific - Key offerings
      • Table Lifetech Scientific - Key customers
    • W. L. Gore & Associates, Inc.
      • Table W. L. Gore & Associates, Inc. - Vendor overview
      • Table W. L. Gore & Associates, Inc. - Product segments
      • Table W. L. Gore & Associates, Inc. - Organizational developments
      • Table W. L. Gore & Associates, Inc. - Key offerings
      • Table W. L. Gore & Associates, Inc. - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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