Overview:
Patent foramen ovale (PFO) is the small flap-like opening is between the right and left upper chambers of the heart (atria). It is a hole in the heart that didn’t close the way it should after birth, allowing a small amount of blood to flow from the right side of the heart to the left side of the heart. Patent foramen ovale (PFO) closure devices are medical devices used to treat this condition through a catheter-based, minimally invasive technique. PFO closure devices can be implicated in a number of pathological states, including transient ischemic attacks, cryptogenic strokes, migraine with auras, severe refractory hypoxemia, and decompression sickness.
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Drivers:
High incidence rate for ischemic stroke is expected to augment the growth of the global patent foramen ovale (PFO) closure devices market over the forecast period. Stroke is one of the most common cause of death across the globe. For instance, as per the American Stroke Association, each year, around 795,000 people in United States suffer from stroke, of which around 87% of stroke are ischemic strokes. Furthermore, increasing consumption of alcohol, surge in smoking, and sedentary life style are some major factors expected to increase the risk of stroke.
Moreover, high prevalence of congenital heart disease across the globe is expected to boost the growth of the global patent foramen ovale (PFO) closure devices market. For instance, as per the American Heart Association, more than 40,000 babies in the U.S. born with a congenital heart defect and over 2-3 million Americans suffer from congenital heart defects.
Restraints:
Product recall and/or product discontinuation is expected to hinder growth of the global patent foramen ovale (PFO) closure devices market. For instance, in 2013, W. L. Gore & Associates, Inc, as a result of sued for patent infringement, discontinued its product GORE HELEX Septal Occluder. Moreover, St. Jude Medical issued a Class I recall for its Amplatzer TorqVue FX Delivery System used in transcatheter closure of atrial septal defects (ASDs).
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Regional Insights:
North America and Asia Pacific are expected to witness significant growth in the global patent foramen ovale (PFO) closure devices market due to the high incidence of ischemic stroke and increasing awareness among the people about PFO or PFO closure devices. For instance, PFO Funding Organization, works to raise physician and public awareness of the medical condition called PFO or ‘hole in the heart’ and its importance to neurological and cardiovascular health.
Competitive Analysis:
Major players active in the global patent foramen ovale (PFO) closure devices market are AGA Medical, WL Gore and Associates, Occlutech, Swissimplant, and Abbott (previously known as St Jude Medical, Inc.), among others.
In April 2018, W. L. Gore & Associates received the Food and Drug Administration (FDA) approval for GORE CARDIOFORM Septal Occluder for patent foramen ovale (PFO) closure to prevent recurrent ischemic stroke.
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The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Patent Foramen Ovale (PFO) Closure Devices Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Patent Foramen Ovale (PFO) Closure Devices Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Patent Foramen Ovale (PFO) Closure Devices Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Patent Foramen Ovale (PFO) Closure Devices Industry Impact
Chapter 2 Global Patent Foramen Ovale (PFO) Closure Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Patent Foramen Ovale (PFO) Closure Devices (Volume and Value) by Type
2.3 Global Patent Foramen Ovale (PFO) Closure Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Patent Foramen Ovale (PFO) Closure Devices Sales, Consumption, Export, Import by Regions
Chapter 5 North America Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 6 East Asia Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 7 Europe Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 8 South Asia Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 9 Southeast Asia Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 10 Middle East Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 11 Africa Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 12 Oceania Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 13 South America Patent Foramen Ovale (PFO) Closure Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Patent Foramen Ovale (PFO) Closure Devices Business
Chapter 15 Global Patent Foramen Ovale (PFO) Closure Devices Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology….
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