PDA Closure Devices Market Forecast Trend Analysis & Competition Tracking - Global Review 2020 to 2030

Status : Ongoing | Report Code : FACT5193MR

PDA closure devices are the medical devices to cure congenital heart condition called patent ductus arteriosus (PDA). Patent ductus arteriosus is the opening in between two major blood vessels leading to the heart called ductus arteriosus. Ductus arteriosus is a normal element of infant’s circulatory before birth which naturally closes after birth, however, if it remains open even after the birth, the opening is called patent ductus arteriosus. According to the Centre for Disease Control and Diagnostics (CDC), over 40,000 infants are born with congenital heart diseases in the U.S. alone. Patent ductus arteriosus closure devices effectively reduce the risk of mortality by chronic lung complications, heart failure and brain injuries caused by the PDA. PDA closure devices is effective to close patent ductus arteriosus where the drug therapy fails to close the opening. The global PDA closure devices market is anticipated to grow lucratively due to the advancing PDA closure devices technologies, the advancement of diagnostics and healthcare infrastructure. Coronavirus pandemic has propelled the global PDA closure devices market due to the surging number of atrial fibrillation patients, reduces the dependence on anticoagulation and regular clinic visits for complications such as left atrial appendage (LAA) closure.  

PDA Closure Devices Market: Drivers and Restraints

The growth of the global PDA closure devices market is driven by the rapid technological and diagnostics and imaging advancements, improving efficacy to close the patent ductus arteriosus (PDA) opening, self-expandable mesh wire, improving healthcare expenditure and active researches. The key players are developing novel PDA closure devices with the deliberated focus onto advanced technologies with improved efficacy, safety and minimal invasiveness for PDA closure devices in infants. However, the market growth is halted by the risk associated with the PDA closure devices to break through the blood vessels, low survival rate and issues related to its optimal use and positioning and foreign body reactions such as inflammations and high-treatment expenses.  Although, the overall global PDA closure devices market is expected to grow in future with the technological and research advancements to leverage the development of advanced PDA closure devices with better efficacy and safety and active ongoing clinical trials promise a lucrative future growth.

PDA Closure Devices Market: Segmentation

The global PDA closure devices market is segmented into product type, end-user and region.

By the product type, the global PDA closure devices market is further segmented into:

  • Stainless Steel
  • Titanium
  • Others

By the end-users, the global PDA closure devices market is further segmented into:

  • Hospitals
  • Clinics
  • Others

PDA Closure Devices Market: Overview

The global PDA closure devices market is expected to grow lucratively with the advancing technology of PDA closure devices, diagnosis and healthcare expenditure. By product type, titanium dominates the segment with its inert property, safety and its high expenditure. By end-user, hospitals dominate the segment with their massive reliability due to availability of advanced diagnostics and surgical technologies, experienced medical staff and high expenditures. 

PDA Closure Devices Market: Regional Outlook

Europe holds the dominance in the global PDA closure devices market with the massive application of PDA closure devices, advanced medical technology, robust R&D, highly-developed healthcare infrastructure and key players. North America holds the second-largest global PDA closure devices market with its advanced healthcare infrastructure and medical technologies. Asia-Pacific PDA closure devices market is the fastest-growing market, fuelled by the massive geriatric population pool, progressing medical technology and research, and the government awareness programmes and its research and healthcare funding. Latin America PDA closure devices market is growing moderately with its gradually improving healthcare infrastructure and technological improvement, along with growing awareness of congenital heart diseases of the high prevalence of congenital heart defects. The Middle East & Africa PDA closure devices market is stagnant due to the under-developed healthcare in infrastructure and lack of awareness.

PDA Closure Devices Market: Key Players

The key players of global PDA closure devices market include Abbott, Lifetech, Boston Scientific, Lepu Medical Technology (Beijing) Co., Ltd., Coherex Medical Inc., MicroPort, Occlutech and others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:   

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Indication
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Europe (Germany, U.K, France, Italy, Spain)
  • South Asia (India, ASEAN Countries)
  • East Asia (Japan, China & South Korea)
  • Oceania (Australia & New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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PDA Closure Devices Market Forecast Trend Analysis & Competition Tracking - Global Review 2020 to 2030