Structural Heart Closure Devices – Market Insights – Global
Despite the initial negative impact of the COVID-19 pandemic, the global structural heart closure device market will grow rapidly through 2031. The growth was supported by expanding patient population, strong clinical data, the availability of reimbursement, a growing body of trained physicians, the uptake of premium-priced technologies, and growing adoption of next-generation devices, especially in the PFO and LAA closure device spaces. However, the growth will be limited to some extent by cost-containment measures such as MACRA and the 2-Midnight Rule in the US, intense pricing pressures due to economic constraints in Europe, the new MDR challenges and the biennial reimbursement cuts by the Japanese MHLW.
This Medtech 360 Report provides comprehensive data and analysis on the state of the global structural heart closure device market from 2019 through 2031.
The global structural heart closure device market will be impacted by the COVID-19 pandemic in the early years of the forecast period.
To what extent has the COVID-19 pandemic impacted the global structural heart closure device market?
What has been the extent of recovery in 2021, and when is full recovery expected?
The global market for structural heart closure devices will grow rapidly throughout the forecast period.
What factors are driving and limiting the market?
Which segments are contributing the most to overall global growth?
What are the different growth trends by product segments and region?
The global structural heart closure device market continues to be dominated by two large competitors.
Which companies dominated the market in 2021? What are the emerging companies in the market?
What factors help companies to maintain their position in the structural heart closure device market?
The adoption of next-generation devices will rapidly change market prospects.
What are the next-generation devices available in the market? What are the key features of these devices?
What are the competitive implications of this technology?
The exclusive applicability of MDR in Europe will result in more stringent regulatory requirements.
What are the changes under the MDR that will affect the structural heart closure device market?
How will this impact pipeline products and when are they expected to launch?
How do reimbursement policies across the countries covered impact the structural heart closure device market?
Table of contents
- Structural Heart Closure Devices - Market Insights - Global
- Abstract
- Executive Summary
- COVID-19 Updates
- Market Highlights
- Structural Heart Closure Device Market, by Procedure Type, Global (USD), 2019u20132031
- Structural Heart Closure Device Market, by Country, Global (USD), 2019u20132031
- Structural Heart Closure Device Market Landscape, Global (USD), 2021 and 2031
- Competitive Highlights
- Structural Heart Closure Device Revenue Market Share Rankings, by Procedure Type, Global, 2021
- Competitive Insights
- Companies Mentioned
- Market Developments
- Recent Events in the Structural Heart Closure Device Market, Global
- Key Clinical Trials in the Structural Heart Closure Device Market, Global
- Emerging Products for the Structural Heart Closure Device Market, Global
- Geographies Covered
- Geographies Covered, Global
- Average Currency Exchange Rates
- Procedures and Products Covered
- Structural Heart Closure Device Procedures and Products Covered, Global
- Key Report Updates
- COVID-19 Analysis
- Market Impact
- COVID-19 Impact Assessment Summary, Structural Heart Closure Device Market, Global
- Major Market Forecast Changes and Assumptions
- Structural Heart Closure Device Market, by Product Type, Global (USD), 2019u20132031 (Excluding COVID-19 Impact)
- Structural Heart Closure Device Market, by Procedure Type, Global (USD), 2019u20132031 (Including COVID-19 Impact)
- Competitive Impact
- COVID-19 Competitive Factors and Strategies, Structural Heart Closure Device Market, Global
- COVID-19 Financial Impact and Competitor Insights
- Market Impact
- Structural Heart Closure Device Market
- Market Highlights
- Key Content Updates
- Global Structural Heart Closure Device Market Drivers
- Global Structural Heart Closure Device Market Limiters
- End-User Insights
- Structural Heart Closure Device Market, by Procedure Type, Global (USD), 2019u20132031
- Structural Heart Closure Device Market, by Country, Global (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Structural Heart Closure Procedures, by Procedure Type, Global, 2019u20132031
- Structural Heart Closure Procedures, by Region, Global, 2019u20132031
- Structural Heart Closure Device Market, by Procedure Type, Global (USD), 2019u20132031
- Structural Heart Closure Device Market, by Region, Global (USD, EUR, GBP, and JPY), 2019u20132031
- Market Shares
- Structural Heart Closure Device Revenue Market Shares, Global, 2021
- Structural Heart Closure Device Revenue Market Shares, by Procedure Type, Global, 2021
- Structural Heart Closure Device Revenue Market Shares, by Region, Global, 2021
- Structural Heart Closure Device Revenue Market Shares, by Country, Global, 2021
- Competitive Insights
- Boston Scientific Competitive Insights
- Abbott Laboratories Competitive Insights
- AtriCure Competitive Insights
- Competitive Insights for Other Key Competitors
- Market Developments
- Recent Events in the Structural Heart Closure Device Market, Global
- Key Clinical Trials in the Structural Heart Closure Device Market, Global
- Emerging Products for the Structural Heart Closure Device Market, Global
- Market Highlights
- Congenital Heart Defect Closure Device Market
- Market Highlights
- Key Content Updates
- Global Congenital Heart Defect Closure Device Market Drivers
- Global Congenital Heart Defect Closure Device Market Limiters
- Congenital Heart Defect Closure Device Market, by Indication, Global (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Country, Global (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- Congenital Heart Defect Closure Procedures, by Indication, Global, 2019u20132031
- Congenital Heart Defect Closure Procedures, by Country, Global, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Global (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Country, Global (USD, EUR, GBP, and JPY), 2019u20132031
- ASD Closure Procedures, by Country, Global, 2019u20132031
- ASD Closure Device Market, by Country, Global (USD), 2019u20132031
- ASD Closure Device Market, by Country, Europe (EUR and GBP), 2019u20132031
- ASD Closure Device Market, Japan (JPY), 2019u20132031
- ASD Closure Device Market Growth, by Country, Global, 2020u20132031
- Device-Based PDA Closure Procedures, by Country, Global, 2019u20132031
- PDA Closure Procedures, by Procedure Type, Global, 2019u20132031
- PDA Closure Device Market, by Country, Global (USD), 2019u20132031
- PDA Closure Device Market, by Country, Europe (EUR and GBP), 2019u20132031
- PDA Closure Device Market, Japan (JPY), 2019u20132031
- PDA Closure Device Market Growth, by Country, Global, 2020u20132031
- VSD Closure Procedures, by Country, Global, 2019u20132031
- VSD Closure Device Market, by Country, Global (USD), 2019u20132031
- VSD Closure Device Market, by Country, Europe (EUR and GBP), 2019u20132031
- VSD Closure Device Market Growth, by Country, Global, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, US, 2019u20132031
- PDA Closure Procedures, by Procedure Type, US, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, US (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, US, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, Europe, 2019u20132031
- PDA Closure Procedures, by Procedure Type, Europe, 2019u20132031
- Congenital Heart Defect Closure Procedures, by Country, Europe, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Europe (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Country, Europe (USD, EUR, and GBP), 2019u20132031
- Congenital Heart Defect Closure Procedures, by Indication, France, 2019u20132031
- PDA Closure Procedures, by Procedure Type, France, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, France (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, France (EUR), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, France, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, Germany, 2019u20132031
- PDA Closure Procedures, by Procedure Type, Germany, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Germany (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Germany (EUR), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, Germany, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, Italy, 2019u20132031
- PDA Closure Procedures, by Procedure Type, Italy, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Italy (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Italy (EUR), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, Italy, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, Spain, 2019u20132031
- PDA Closure Procedures, by Procedure Type, Spain, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Spain (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Spain (EUR), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, Spain, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, UK, 2019u20132031
- PDA Closure Procedures, by Procedure Type, UK, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, UK (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, UK (EUR), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, UK (GBP), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, UK, 2020u20132031
- Congenital Heart Defect Closure Procedures, by Indication, Japan, 2019u20132031
- PDA Closure Procedures, by Procedure Type, Japan, 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Japan (USD), 2019u20132031
- Congenital Heart Defect Closure Device Market, by Indication, Japan (JPY), 2019u20132031
- Congenital Heart Defect Closure Device Market Growth, by Indication, Japan, 2020u20132031
- Market Shares
- Congenital Heart Defect Closure Device Revenue Market Shares, Global, 2021
- Congenital Heart Defect Closure Device Revenue Market Shares, by Procedure Type, Global, 2021
- Congenital Heart Defect Closure Device Revenue Market Shares, by Region, Global, 2021
- Congenital Heart Defect Closure Device Revenue Market Shares, by Country, Global, 2021
- Competitive Insights
- Global Congenital Heart Defect Closure Device Market Competitive Insights
- Market Highlights
- Patent Foramen Ovale Closure Device Market
- Market Highlights
- Key Content Updates
- Global Patent Foramen Ovale Closure Device Market Drivers
- Global Patent Foramen Ovale Closure Device Market Limiters
- End-User Insights
- PFO Closure Device Market, by Country, Global (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- PFO Closure Procedures, by Country, Global, 2019u20132031
- PFO Closure Device Market, by Country, Global (USD), 2019u20132031
- PFO Closure Device Market, by Country, Europe (EUR and GBP), 2019u20132031
- PFO Closure Device Market, Japan (JPY), 2019u20132031
- PFO Closure Device Market Growth, by Country, Global, 2020u20132031
- Market Shares
- PFO Closure Device Revenue Market Shares, Global, 2021
- PFO Closure Device Revenue Market Shares, by Region, Global, 2021
- PFO Closure Device Revenue Market Shares, by Country, Global, 2021
- Competitive Insights
- Global Patent Foramen Ovale Closure Device Market Competitive Insights
- Market Highlights
- Left Atrial Appendage Closure Device Market
- Market Highlights
- Key Content Updates
- Global Left Atrial Appendage Closure Device Market Drivers
- Global Left Atrial Appendage Closure Device Market Limiters
- End-User Insights
- LAA Closure Device Market, by Technique, Global (USD), 2019u20132031
- LAA Closure Device Market, by Country, Global (USD), 2019u20132031
- Market Definitions
- Market Forecast Data
- LAA Closure Procedures, by Technique, Global, 2019u20132031
- LAA Closure Procedures, by Country, Global, 2019u20132031
- LAA Closure Device Market, by Technique, Global (USD), 2019u20132031
- LAA Closure Device Market, by Country, Global (USD, EUR, GBP, and JPY), 2019u20132031
- Endocardial LAA Closure Procedures, by Country, Global, 2019u20132031
- Endocardial LAA Closure Device Market, by Country, Global (USD), 2019u20132031
- Endocardial LAA Closure Device Market, by Country, Europe (EUR and GBP), 2019u20132031
- Endocardial LAA Closure Device Market, Japan (JPY), 2019u20132031
- Endocardial LAA Closure Device Market Growth, by Country, Global, 2020u20132031
- Epicardial LAA Closure Procedures, by Country, Global, 2019u20132031
- Epicardial LAA Closure Device Market, by Country, Global (USD), 2019u20132031
- Epicardial LAA Closure Device Market, by Country, Europe (EUR and GBP), 2019u20132031
- Epicardial LAA Closure Device Market Growth, by Country, Global, 2020u20132031
- LAA Closure Procedures, by Technique, US, 2019u20132031
- LAA Closure Device Market, by Technique, US (USD), 2019u20132031
- LAA Closure Device Market Growth, by Technique, US, 2020u20132031
- LAA Closure Procedures, by Technique, Europe, 2019u20132031
- LAA Closure Procedures, by Country, Europe, 2019u20132031
- LAA Closure Device Market, by Technique, Europe (USD), 2019u20132031
- LAA Closure Device Market, by Country, Europe (USD, EUR, and GBP), 2019u20132031
- LAA Closure Procedures, by Technique, France, 2019u20132031
- LAA Closure Device Market, by Technique, France (USD), 2019u20132031
- LAA Closure Device Market, by Technique, France (EUR), 2019u20132031
- LAA Closure Device Market Growth, by Technique, France, 2020u20132031
- LAA Closure Procedures, by Technique, Germany, 2019u20132031
- LAA Closure Device Market, by Technique, Germany (USD), 2019u20132031
- LAA Closure Device Market, by Technique, Germany (EUR), 2019u20132031
- LAA Closure Device Market Growth, by Technique, Germany, 2020u20132031
- LAA Closure Procedures, by Technique, Italy, 2019u20132031
- LAA Closure Device Market, by Technique, Italy (USD), 2019u20132031
- LAA Closure Device Market, by Technique, Italy (EUR), 2019u20132031
- LAA Closure Device Market Growth, by Technique, Italy, 2020u20132031
- LAA Closure Procedures, by Technique, Spain, 2019u20132031
- LAA Closure Device Market, by Technique, Spain (USD), 2019u20132031
- LAA Closure Device Market, by Technique, Spain (EUR), 2019u20132031
- LAA Closure Device Market Growth, by Technique, Spain, 2020u20132031
- LAA Closure Procedures, by Technique, UK, 2019u20132031
- LAA Closure Device Market, by Technique, UK (USD), 2019u20132031
- LAA Closure Device Market, by Technique, UK (EUR), 2019u20132031
- LAA Closure Device Market, by Technique, UK (GBP), 2019u20132031
- LAA Closure Device Market Growth, by Technique, UK, 2020u20132031
- LAA Closure Procedures, by Technique, Japan, 2019u20132031
- LAA Closure Device Market, by Technique, Japan (USD), 2019u20132031
- LAA Closure Device Market, by Technique, Japan (JPY), 2019u20132031
- LAA Closure Device Market Growth, by Technique, Japan, 2020u20132031
- Market Shares
- LAA Closure Device Revenue Market Shares, Global, 2021
- LAA Closure Device Revenue Market Shares, by Procedure Type, Global, 2021
- LAA Closure Device Revenue Market Shares, by Region, Global, 2021
- LAA Closure Device Revenue Market Shares, by Country, Global, 2021
- Competitive Insights
- Global Left Atrial Appendage Closure Device Market Competitive Insights
- Market Highlights
- Appendix
- Abbreviations
- Bibliography
- Abbreviations
Sangeetha Iyer is a senior analyst within the Cardiovascular Medtech Insights team at Decision Resource Group, specializing in structural heart closure and vascular access device markets across the Asia Pacific region, as well as medical device pricing and regulations in China and Japan. Sangeetha has represented India at the European Society of Cardiology conference in Greece (2016) and Sweden (2017), where her research poster was awarded the top prize. Sangeetha holds a Doctor of Pharmacy degree from the Manipal Academy of Higher Education. Follow Sangeetha on twitter: @Slyer_DRG