USD 154.71 Million
Global PFO Amplatzer Market Size, Share, Growth Analysis, By Type(Amplatzer PFO Occluder), By Application(Hospitals, Clinics) - Industry Forecast 2024-2031
Report ID:
SQSG35A2066 |
Region:
Global |
Published Date: February, 2024
Pages:
221
|
Tables:
61 |
Figures:
61
Global PFO Amplatzer Market Insights
PFO Amplatzer Market is valued at USD 154.71 Million in 2019, and it is anticipated to attain a value of USD 337.76 Million by 2031, at a CAGR of 11.8% over the forecast period (2024-2031).
The PFO amplatzer or amplatzer PFO occluder is a double-disc, self-expandable device built from a Nitinol wire mesh. Here, 2 discs are connected together by a small joining waist. The discs involves a slim polyester fabric in order to upsurge its closing ability. The polyester fabrics are then firmly sewn to each and every disc using a polyester thread. The device posseses a radiopaque marker band on the proximal and distal ends of the component. This device also contains a screw on the proximal end to permit deployment and delivery. The device is even sanitized with ethylene oxide.
US PFO Amplatzer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Growth Rate
11.8% CAGR
Global PFO Amplatzer Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global PFO Amplatzer Market Size by Type, 2022-2028 ($ Bn)
Global PFO Amplatzer Market Size by Type, 2022-2028 (%)
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Global PFO Amplatzer Market Segmental Analysis
The Global PFO Amplatzer Market is segmented based on type, application, and region. Based on Type PFO Amplatzer Market is categorized into Amplatzer PFO Occluder. By Application, the PFO Amplatzer Market study is segmented into hospitals, clinics and others end users. Based on the region PFO Amplatzer Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
PFO Amplatzer Market Analysis by Test Type
The amplatzer PFO occluder is projected to have the overall market share in the type segment of the PFO Amplatzer market. This PFO occluder device precisely designed to halt blood flow through all types of patent foramen ovale (PFO). The device is positioned in the foramen ovale during a catheter-based method and will remain permanently embedded. The PFO amplatzer occluder posseses shape memory characteristics and is created from nitinol wire mesh. This signifies that the device will reappear into its original shape even though it is strained to pass within a catheter. It comprises of two discs that are joined together by a short linking waist. To improve its closing ability, the discs are made of thin polyester fabrics and each disc is securely sewn by a polyester thread.
PFO Amplatzer Market Analysis by End-user
Based on end-users, the PFO Amplatzer market is categorized into hospitals, clinics, and other end users. The hospitals segment dominated the PFO Amplatzer market in 2021. The device is created to treat transcatheter and percutaneous closure of a foramen ovale to avoid recurrent ischemic stroke in people who suffers from presumed paradoxical embolism that can cause cryptogenic stroke. The rising awareness in cardiology, as well as the growing demand for healthy living standards, are propelling the development of this segment.
Global PFO Amplatzer Market By Type, 2021 (%), 2023 (%)
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Global PFO Amplatzer Market Regional Insights
North America holds the dominant market share credited to the high occurrence of ischemic stroke in the region. Food consumption habits and changing lifestyle among consumers coupled with high disposable income is causing an growing percentage of cardiovascular diseases and heart attacks. These ailments are one of the key factors boosting the growth of the global PFO Amplatzers in the forecast timeframe.
In addition, Asia Pacific is anticipated to be the quickest developing PFO closure device closure device market owing to the expanding awareness among the people about patent foramen ovale (PFO). For instance, an Australia-based PFO Funding Organization, attempts to expand public and doctor attention to the ailment called patent foramen ovale (PFO) or 'opening in the heart' and its significance to cardiovascular and neurological wellbeing, not so much for benefit of the association,
Global PFO Amplatzer Market By Geography, 2022 - 2028, 2024-2031
- Largest
- Fastest
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Global PFO Amplatzer Market Dynamics
PFO Amplatzer Market Driver
- PFO Amplatzer market is significantly determined by the high occurrence of ischemic stroke. Stroke is the second most normal reason for death on the planet. As per the American Stroke Association, 2016, every year a greater number of than 795,000 individuals in U.S. experience the ill effects of stroke, of which around 87% of stroke are ischemic strokes. Growing adoption of way of life related risk factors, such as, smoking, liquor, drugs or sedentary way of life is supposed to surge the risk of stroke occurrence.
- Expanding number of congenital heart illness is supposed to push development of the PFO closure devices. For instance, as per American Heart Association, around 40,000 newborn children are brought into the world with an inborn heart deformity in the U.S. yearly and around 2 to 3 million people are experiencing inherent heart deformity.
- Recent production launches are supposed to support development of the PFO closure devices during the projected time frame. For instance, in April 2018, W. L. Gore and Associates, Inc. gotten the US FDA endorsement for its GORE CARDIOFORM Septal Occluder for PFO closure to forestall intermittent ischemic stroke.
- Escalating clinical trials for new component is expected to fuel the development of the PFO Amplatzer market. For instance, as on 2016, Lifetech Scientific (Shenzhen) Co., Ltd. was leading its Post Market Clinical Follow-up study for its gadget named IrisFIT PFO Occluder for the signs of PFO ailments.
PFO Amplatzer Market Restraint
- PFO Amplatzer market is likely to be obstructed by product recall or discontinuation. Several companies are discontinuing its products. For instance, in 2013, W. L. Gore and Associates, Inc, ended its item GORE HELEX Septal Occluder, as it was prosecuted for patent encroachment. Moreover, in 2013, St. Jude Medical reviewed Amplatzer PFO Occluder, appointed as Class I labeled item review by FDA.
- The expensive pricing of the product may also become a hindrance to the PFO Amplatzer market. The high prices of the product can prove to obstruct the product growth especially in developing countries such as Brazil, Argentina, India etc.
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Global PFO Amplatzer Market Competitive Landscape
The PFO Amplatzer Market is highly consolidated, with the existence of limited number of major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Abbott, WL Gore and Associates, Cardia Inc., and Occlutech among others who are driving the market.
PFO Amplatzer Market Top Player’s Company Profiles
- Abbott (U.S.)
- W. L. Gore & Associates (U.S.)
- Occlutech (Switzerland)
- Starway Medical Technology (U.S.)
- Cardia Inc. (U.S.)
- Lifetech Scientific Co. Ltd. (China)
PFO Amplatzer Market Recent Developments
- In September 2021, Abbott announced that the FDA has approved the company's Amplatzer Talisman PFO Occlusion System to treat people with a patent foramen ovale (PFO) – who are at risk of recurrent ischemic stroke. Expanding on the success of Abbott's Amplatzer PFO Occluder, the next-generation Talisman system offers an additional 30mm device size, and all Talisman PFO occluders come pre-attached to the delivery cable, reducing preparation time for doctors. The FDA also cleared the Amplatzer Talisman Delivery Sheath, used to deliver the occluder during implantation.
- In 2020, Abbott was the leading competitor for ASD and VSD devices. For ASD devices, Abbott offers the Amplatzer Septal Occluder, which is a minimally invasive device using transcatheter for replacement. The Amplatzer Muscular VSD Occluder is the VSD device that Abbott offers.
- In April 2018, W. L. Gore and Associates, Inc. gotten the US FDA endorsement for its GORE CARDIOFORM Septal Occluder for PFO closure to forestall intermittent ischemic stroke.
- In 2016, Lifetech Scientific (Shenzhen) Co., Ltd. was leading its Post Market Clinical Follow-up study for its gadget named IrisFIT PFO Occluder for the signs of PFO ailments.
Global PFO Amplatzer Key Market Trends
- PFO Amplatzer Occluder demand is significantly determined by the high occurrence of ischemic stock. Stroke is the second most normal reason for death on the planet. Growing adoption of standard of living related risks, such as, smoking, liquor, drugs or sedentary way of life is supposed to surge the risk of stroke. Moreover, expanding number of congenital heart illness is supposed to push development of the PFO closure devices.
- Asia Pacific is anticipated to be the quickest developing PFO closure device closure device market owing to the expanding awareness among the people about patent foramen ovale (PFO). Additionally, North America holds the largest market share due to the high amount of ischemic stroke in the region. Food habits and changing way of life among consumers along with high disposable income is causing an growing percentage of cardiovascular diseases and heart attacks.
- PFO occluder device is specifically designed to halt blood flow through all types of patent foramen ovale (PFO). The device is positioned in the foramen ovale during a catheter-based method and will remain permanently embedded. To improve its closing ability, the discs are made of thin polyester fabrics and each disc is securely sewn by a polyester thread.
- The device is created to treat transcatheter and percutaneous closure of a foramen ovale to avoid recurrent ischemic stroke in people who suffers from presumed paradoxical embolism that can cause cryptogenic stroke.
Global PFO Amplatzer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the increasing prevalence of ischemic stroke and cardio related diseases, increased clinical trials in PFO Amplatzer technologies, growing awareness among the people about patent foramen ovale (PFO), and new product launches are driving the Global PFO Amplatzer Market. However, the high cost of PFO Amplatzer closure devices is the primary impediment to market growth. Furthermore, recall and discontinuation, are expected to limit market growth to some extent.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 154.71 Million |
| Market size value in 2031 | USD 337.76 Million |
| Growth Rate | 11.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global PFO Amplatzer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global PFO Amplatzer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global PFO Amplatzer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global PFO Amplatzer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global PFO Amplatzer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global PFO Amplatzer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global PFO Amplatzer Market Report Snapshots
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