On 2024-9-14 Global Info Research released【Global Patent Foramen Ovale (PFO) Occluder Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030】. This report includes an overview of the development of the Patent Foramen Ovale (PFO) Occluder industry chain, the market status of Consumer Electronics (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), Household Appliances (Nickel-Zinc Ferrite Core, Mn-Zn Ferrite Core), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Patent Foramen Ovale (PFO) Occluder.
A Patent Foramen Ovale (PFO) closure device is a medical device used to treat a patent foramen ovale, a congenital heart defect where a small opening between the upper chambers of the heart (the atria) fails to close after birth. This device is typically implanted through a minimally invasive catheter procedure to seal the opening, preventing abnormal blood flow between the atria. By closing the PFO, the device reduces the risk of complications such as stroke or migraines. It is usually made of a metal framework covered with biocompatible materials, ensuring safety and effectiveness in restoring normal circulation.
The global Patent Foramen Ovale (PFO) Occluder market size is expected to reach $ 212 million by 2030, rising at a market growth of 5.5% CAGR during the forecast period (2024-2030).
The key drivers of the Patent Foramen Ovale (PFO) closure device market is the rising prevalence of stroke and related cardiovascular conditions. Since a PFO increases the risk of stroke, particularly cryptogenic stroke, there is growing demand for minimally invasive treatments to address this condition. Technological advancements in medical devices and increased awareness of PFO-related risks have led to a higher adoption rate of closure devices. Additionally, the growing aging population, which is more susceptible to heart-related disorders, further fuels the demand for PFO closure procedures.
Despite the increasing demand, the PFO closure device market faces significant challenges, primarily the high cost of devices and procedures. This can limit accessibility, particularly in developing regions where healthcare infrastructure and insurance coverage may be lacking. Another challenge is the risk of complications or adverse events associated with PFO closure procedures, such as device embolization or atrial fibrillation. Concerns over long-term safety and the need for more extensive clinical studies may hinder wider acceptance and regulatory approvals in certain markets. Abbott is the market leader with a market share of 80%.
This report studies the global Patent Foramen Ovale (PFO) Occluder production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Patent Foramen Ovale (PFO) Occluder and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Patent Foramen Ovale (PFO) Occluder that contribute to its increasing demand across many markets.
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Market segment by Type： Non-Degradable PFO Occluder、Degradable PFO Occluder
Market segment by Application：Hospital、Clinics
Major players covered： Abbott、Occlutech、Starway、W. L. Gore & Associates、Lepu Medical、LifeTech
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Patent Foramen Ovale (PFO) Occluder product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Patent Foramen Ovale (PFO) Occluder, with price, sales, revenue and global market share of Patent Foramen Ovale (PFO) Occluder from 2019 to 2024.
Chapter 3, the Patent Foramen Ovale (PFO) Occluder competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Patent Foramen Ovale (PFO) Occluder breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Patent Foramen Ovale (PFO) Occluder market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Patent Foramen Ovale (PFO) Occluder.
Chapter 14 and 15, to describe Patent Foramen Ovale (PFO) Occluder sales channel, distributors, customers, research findings and conclusion.
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