PFO Closure Devices Market by Product (First Generation and Second Generation), by Channel (Direct Sales and Distributor), and by End-User (Hospitals and Cardiac Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Description

The report covers a forecast and an analysis of the PFO closure devices market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the PFO closure devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the PFO closure devices market on a global and regional level.

In order to give the users of this report a comprehensive view of the PFO closure devices market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the PFO closure devices market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the PFO closure devices market on a global and regional basis.

The study provides a decisive view of the PFO closure devices market by segmenting the market based on product, channel, end-user, and region. The segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The product segment has been bifurcated into first generation and second generation PFO closure devices. Based on the channel, the PFO closure devices market has been segmented into direct sales and distributor. By end-user, this market includes hospitals and cardiac centers.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further division into major countries including the U.S. Canada, Germany, France, UK, China, Japan, India, and Brazil.

The report also includes detailed profiles of various end players, such as Abbott Laboratories, Lifetech Scientific Corporation, Occlutech, W. L. Gore & Associates, pfm medical ag, and Cardia, Inc., among others.

This report segments the global PFO closure devices market into:

Global PFO Closure Devices Market: By Product

• First Generation
• Second Generation

Global PFO Closure Devices Market: By Channel

• Direct Sales
• Distributor

Global PFO Closure Devices Market: By End-User

• Hospitals
• Cardiac Centers

Global PFO Closure Devices Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

Table Of Content

• Chapter 1. Introduction
  • 1.1. Report description and scope
  • 1.2. Research scope
  • 1.3. Research methodology
    • 1.3.1. Market research process
    • 1.3.2. Market research methodology
•  
• Chapter 2. Executive Summary
  • 2.1. Global PFO Closure Devices market, 2017-2024(USD Million)
  • 2.2. Global PFO Closure Devices market: Snapshot
•  
• Chapter 3. PFO Closure Devices Market - Dynamics
  • 3.1. Introduction
  • 3.2. Market drivers
    • 3.2.1. Global PFO Closure Devices market drivers: Impact analysis
    • 3.2.2. The high occurrence of ischemic stroke
    • 3.2.3. Rising count of congenital heart disease
  • 3.3. Market Restraints
    • 3.3.1. Uncertainty arising due to recall and discontinuation of products
  • 3.4. Opportunities
    • 3.4.1. Increasing awareness regarding Patent Foramen Ovale (PFO)
    • 3.4.2. Growing detection of PFO closure devices
  • 3.5. Porter's Five Forces analysis
    • 3.5.1. Bargaining power of suppliers
    • 3.5.2. Bargaining power of buyers
    • 3.5.3. The threat from new entrants
    • 3.5.4. The threat from new substitutes
    • 3.5.5. Degree of competition
  • 3.6. Market attractiveness analysis
    • 3.6.1. Market attractiveness analysis, by product segment
    • 3.6.2. Market attractiveness analysis, by channel segment
    • 3.6.3. Market attractiveness analysis, by End-User segment
•  
• Chapter 4. Global PFO Closure Devices Market - Competitive Landscape
  • 4.1. Company Market Share Analysis
    • 4.1.1. Global PFO Closure Devices market: company market share, 2017
  • 4.2. Strategic Development
    • 4.2.1. Acquisitions & Mergers
    • 4.2.2. New Product Launch
    • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
    • 4.2.4. Research and Development and Regional Expansion
•  
• Chapter 5. Global PFO Closure Devices Market - Product Segment Analysis
  • 5.1. Global PFO Closure Devices market: Product overview
    • 5.1.1. Global PFO Closure Devices market revenue share, by Product, 2017 and 2024
  • 5.2. First Generation
    • 5.2.1. Global PFO Closure Devices market for First Generation, 2017 - 2024(USD Million)
  • 5.3. Second Generation
    • 5.3.1. Global PFO Closure Devices market for Second Generation, 2017 - 2024(USD Million)
•  
• Chapter 6. Global PFO Closure Devices Market - Channel Segment Analysis
  • 6.1. Global PFO Closure Devices market: Channel overview
    • 6.1.1. Global PFO Closure Devices market revenue share, by Channel, 2017 and 2024
  • 6.2. Direct Sales
    • 6.2.1. Global PFO Closure Devices market for Direct Sales, 2017 - 2024 (USD Million)
  • 6.3. Distributor
    • 6.3.1. Global PFO Closure Devices market for Distributor, 2017 - 2024 (USD Million)
•  
• Chapter 7. Global PFO Closure Devices Market - End-User Segment Analysis
  • 7.1. Global PFO Closure Devices market: End-User overview
    • 7.1.1. Global PFO Closure Devices market revenue share, by End-User, 2017 and 2024
  • 7.2. Hospitals
    • 7.2.1. Global PFO Closure Devices market for Hospitals, 2017 - 2024 (USD Million)
  • 7.3. Cardiac Centers
    • 7.3.1. Global PFO Closure Devices market for Cardiac Centers, 2017 - 2024 (USD Million)
•  
• Chapter 8. Global PFO Closure Devices Market - Regional Segment Analysis
  • 8.1. Global PFO Closure Devices market: Regional overview
    • 8.1.1. Global PFO Closure Devices market revenue share, by region, 2017 and 2024
  • 8.2. North America
    • 8.2.1. North America PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
    • 8.2.2. North America PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
    • 8.2.3. North America PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.2.4. The U.S.
      • 8.2.4.1. The U.S. PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.2.4.2. The U.S. PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.2.4.3. The U.S. PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.2.5. Canada
      • 8.2.5.1. Canada PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.2.5.2. Canada PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.2.5.3. Canada PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.2.6. Rest of North America
      • 8.2.6.1. Rest of North America PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.2.6.2. Rest of North America PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.2.6.3. Rest of North America PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
  • 8.3. Europe
    • 8.3.1. Europe PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
    • 8.3.2. Europe PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
    • 8.3.3. Europe PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.4. Germany
      • 8.3.4.1. Germany PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.3.4.2. Germany PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.4.3. Germany PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.5. UK
      • 8.3.5.1. UK PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.3.5.2. UK PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.5.3. UK PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.6. France
      • 8.3.6.1. France PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.3.6.2. France PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.6.3. France PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.7. Italy
      • 8.3.7.1. Italy PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.3.7.2. Italy PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.7.3. Italy PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.8. Spain
      • 8.3.8.1. Spain PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.3.8.2. Spain PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.8.3. Spain PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.9. Russia
      • 8.3.9.1. Russia PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.3.9.2. Russia PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.9.3. Russia PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.3.10. Rest of Europe
      • 8.3.10.1. Rest of Europe PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.3.10.2. Rest of Europe PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.3.10.3. Rest of Europe PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
  • 8.4. Asia Pacific
    • 8.4.1. Asia Pacific PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
    • 8.4.2. Asia Pacific PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
    • 8.4.3. Asia Pacific PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.4.4. China
      • 8.4.4.1. China PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.4.4.2. China PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.4.4.3. China PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.4.5. Japan
      • 8.4.5.1. Japan PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.4.5.2. Japan PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.4.5.3. Japan PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.4.6. India
      • 8.4.6.1. India PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.4.6.2. India PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.4.6.3. India PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.4.7. Australia
      • 8.4.7.1. Australia PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.4.7.2. Australia PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.4.7.3. Australia PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.4.8. Rest of Asia Pacific
      • 8.4.8.1. Rest of Asia Pacific PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.4.8.2. Rest of Asia Pacific PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.4.8.3. Rest of Asia Pacific PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
  • 8.5. Latin America
    • 8.5.1. Latin America PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
    • 8.5.2. Latin America PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
    • 8.5.3. Latin America PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.5.4. Brazil
      • 8.5.4.1. Brazil PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.5.4.2. Brazil PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.5.4.3. Brazil PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.5.5. Mexico
      • 8.5.5.1. Mexico PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.5.5.2. Mexico PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.5.5.3. Mexico PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.5.6. Argentina
      • 8.5.6.1. Argentina PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.5.6.2. Argentina PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.5.6.3. Argentina PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.5.7. Rest of Latin America
      • 8.5.7.1. Rest of Latin America PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
      • 8.5.7.2. Rest of Latin America PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.5.7.3. Rest of Latin America PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
  • 8.6. The Middle East and Africa
    • 8.6.1. The Middle East and Africa PFO Closure Devices market revenue, by Product, 2017 - 2024(USD Million)
    • 8.6.2. The Middle East and Africa PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
    • 8.6.3. The Middle East and Africa PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.6.4. Saudi Arabia
      • 8.6.4.1. Saudi Arabia PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.6.4.2. Saudi Arabia PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.6.4.3. Saudi Arabia PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.6.5. UAE
      • 8.6.5.1. UAEPFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.6.5.2. UAEPFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.6.5.3. UAEPFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.6.6. South Africa
      • 8.6.6.1. South Africa PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.6.6.2. South Africa PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.6.6.3. South Africa PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.6.7. Qatar
      • 8.6.7.1. Qatar PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.6.7.2. Qatar PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.6.7.3. Qatar PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
    • 8.6.8. Rest of the Middle East and Africa
      • 8.6.8.1. Rest of the Middle East and Africa PFO Closure Devices market revenue, by Product, 2017 - 2024 (USD Million)
      • 8.6.8.2. Rest of the Middle East and Africa PFO Closure Devices market revenue, by Channel, 2017 - 2024 (USD Million)
      • 8.6.8.3. Rest of the Middle East and Africa PFO Closure Devices market revenue, by End-User, 2017 - 2024 (USD Million)
•  
• Chapter 9. Company Profile
  • 9.1. Abbott Laboratories
    • 9.1.1. Overview
    • 9.1.2. Financials
    • 9.1.3. Therapy portfolio
    • 9.1.4. Business strategy
    • 9.1.5. Recent developments
  • 9.2. Lifetech Scientific Corporation
    • 9.2.1. Overview
    • 9.2.2. Financials
    • 9.2.3. Therapy portfolio
    • 9.2.4. Business strategy
    • 9.2.5. Recent developments
  • 9.3. Occlutech
    • 9.3.1. Overview
    • 9.3.2. Financials
    • 9.3.3. Therapy portfolio
    • 9.3.4. Business strategy
    • 9.3.5. Recent developments
  • 9.4. W. L. Gore & Associates
    • 9.4.1. Overview
    • 9.4.2. Financials
    • 9.4.3. Therapy portfolio
    • 9.4.4. Business strategy
    • 9.4.5. Recent developments
  • 9.5. pfm medical ag
    • 9.5.1. Overview
    • 9.5.2. Financials
    • 9.5.3. Therapy portfolio
    • 9.5.4. Business strategy
    • 9.5.5. Recent developments
  • 9.6. Cardia, Inc.
    • 9.6.1. Overview
    • 9.6.2. Financials
    • 9.6.3. Therapy portfolio
    • 9.6.4. Business strategy
    • 9.6.5. Recent developments

Methodology

Free Analysis

Patent Foramen Ovale (PFO) is a flaw in the septum in the middle of two atrial heart chambers. PFO occurs only after birth when the foramen ovale is incapable of closing. This hole between the atrial chambers allows a minor quantity of blood to pass from right to left atria. PFO escalates the chances of heart attack, stroke, and transient ischemic attack. Specialized tests, such as an echocardiogram, bubble test, and Transesophageal echocardiogram, are performed to diagnose PFO. Some additional tests might be recommended by doctors if the PFO’s presence is confirmed. A PFO closure device is used to treat PFO by performing minimally invasive surgery.

High occurrences of ischemic stroke, rising count of congenital heart diseases, growing adoption of unhealthy lifestyle habits, launching of new and improved products, and increasing clinical trials being undertaken for new devices are likely to drive the global PFO closure devices market. Increasing PFO awareness and its growing detection are projected to create opportunities for the players operating in the PFO closure devices market. However, the uncertainty due to recall and discontinuation of products might hamper the PFO closure devices market globally.

The global PFO closure devices market is segmented into the product, channel, and end-user. The product segment includes first generation and second generation PFO closure devices. The first Generation PFO closure devices held approximately 64% market, due to its cost-effectiveness as compared to the second generation PFO closure devices. By channel, this market is bifurcated into direct sales and distributor. Distributor segment held the majority market share in 2017 and is expected to grow significantly during the estimated time period. By on end-user, the PFO closure devices market includes hospitals and cardiac centers. Hospitals held approximately 75% market share in 2017.

The North American region is likely to lead during the forecast time period, due to high occurrences of ischemic stroke and the presence of leading manufacturers of PFO closure devices. Europe is anticipated to be the second largest regional market for PFO closure devices, owing to the presence of advanced healthcare infrastructure and favorable reimbursement policies. The Asia Pacific market is projected to expand rapidly in the upcoming years, due to the growing number of welfare programs undertaken by the governments. The Latin American market is anticipated to develop modestly during the estimated time period. The Middle Eastern and African countries are expected to experience perceptible growth in the future.

Some of the key players of the global PFO closure devices market include Abbott Laboratories, Lifetech Scientific Corporation, Occlutech, W. L. Gore & Associates, pfm medical ag, and Cardia, Inc., among others.