Selbyville, Delaware, Aug. 28, 2023 (GLOBE NEWSWIRE) --
Heart Closure Devices Market size is predicted to be worth around USD 6.6 billion by 2032. With the evolution of med-tech, the demand for effective and minimally invasive solutions for cardiovascular procedures is on the rise. This surge is primarily driven by the increasing prevalence of cardiovascular diseases, the adoption of advanced materials like stainless steel in device manufacturing, and the emergence of specialized ambulatory surgical centers.
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Technological innovations in this field have led to the development of increasingly sophisticated and efficacious closure devices that result in improved procedural outcomes and patient experiences. This factor, along with favorable reimbursement policies, which not only incentivize healthcare providers but also eases financial burdens on patients seeking these interventions.
The long-lasting nature of stainless-steel devices to promote industry gains
The stainless steel heart closure devices market segment share is expected to witness substantial expansion from 2023 to 2032. The materials play a crucial role in ensuring the safety, efficacy, and durability of medical devices. The stainless steel devices have the ability to withstand the demanding physiological environment within the cardiovascular system. These devices provide reliable closure of atrial septal defects, patent foramen ovale, and other structural anomalies. As the demand for long-lasting and robust closure solutions increases, stainless steel devices are anticipated to retain a preference in the healthcare sector.
Increasing product usage in ambulatory surgical centers
The ambulatory surgical centers segment is expected to generate significant revenues for the heart closure devices market by 2032 owing to efficient, cost-effective, and patient-centric care. Ambulatory surgical centers provide an ideal setting for minimally invasive procedures, allowing patients to undergo cardiac interventions with reduced hospital stays and a quicker recovery period. The convenience, personalized care, and state-of-the-art technology available at ASCs have made them a preferred choice for patients. The growing collaboration between medical device manufacturers and ambulatory surgical centers is anticipated to propel the market expansion, addressing the rising demand for efficient cardiac closure solutions.
Advancements in medical technology to influence Europe market development
Europe heart closure devices market size is anticipated to observe robust growth through 2032 owing to the strong healthcare infrastructure, heavy emphasis on R&D, and a growing elderly population. The region's commitment to advancing medical technology and ensuring high standards of patient care has fostered the adoption of innovative heart closure devices. European countries have also shown keen interest in minimizing healthcare costs while maintaining high-quality outcomes, leading to the exploration of ambulatory surgical centers for cardiac interventions. With the presence of numerous leading medical device manufacturers and a progressive regulatory environment.
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Some of the leading players in the heart closure devices market are W.L. Gore & Associates Inc., Abbott Laboratories, Lifetech Scientific Corporation, AtriCure Inc., Cardia, Inc., Biosense Webster, Inc., Boston Scientific Corporation, and Medtronic plc, Lepu Medical Technology Co. Ltd., among others.
Partial Table of Contents (ToC) of the report:
Chapter 3 Heart Closure Devices Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Growing prevalence of cardiovascular diseases
3.2.1.2 Technological advancements
3.2.1.3 Rising preference for minimally invasive procedures
3.2.1.4 Favorable reimbursement policies
3.2.2 Industry pitfalls & challenges
3.2.2.1 Stringent regulatory policies
3.2.2.2 Potential complications and adverse events
3.3 Growth potential analysis
3.3.1 By product
3.3.2 By material
3.3.3 By mode of delivery
3.3.4 By end-use
3.4 COVID-19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Reimbursement scenario
3.7 Pricing analysis, 2022
3.8 Technology landscape
3.9 Future market trends
3.10 Gap analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Vendor matrix analysis
4.6 Strategy dashboard, 2022
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