The ASD Closure Devices Market

A birth defect which causes a hole in the wall between the upper chamber of heart. Atrial septal defects (ASDs) which cannot be diagnosed until adulthood will damage the heart and lungs, reduces the lifespan. Since, most of the newly born with ASDs don't have symptoms. By the age of 30, symptoms may observe adults such as shortness of breath, heart palpitations, may observe fatigue, swelling in the legs, feet or abdomen and heart murmurs. Minor ASDs may close by own but medium-to-large-sized ASDs may require closure by device or surgical correction. The ASD closure devices market is majorly driven by the key factors such as the rising number of birth rates across the world and increasing number of atrial septal defects among new born babies. Moreover, most of the congenital heart defects are caused by the combination of genetics and other factors such as consuming alcohol and street drugs as well diseases such as diabetes, lupus and rubella among pregnant women which increases the demand foratrial septal defect devices. In addition, the technological advancements and rising research and developments will propel the introduction of advanced ASD closure devices, which will consequently accelerate the ASD closure devices market growth. Advancements in catheterization techniques, medical imaging and devices have increased the deployment of minimally invasive procedures. Technological advances have further fueled the development of ASD closure devices with the minimum materials, knitted self-expendable wireframes with minimally protruding elements and self-centering, self-expanding and recapturing capabilities. In addition, the use of 3D imaging in ASD closure procedures is one of the key ASD closure devices market trends which will obtain traction in the market. The use of 3D imaging plays a prominent role in managing patients with congenital heart defect by providing a good spatial visualization in complex cardiac geometries. Moreover, the technological advances in 3D printing will also enhance the ability to view, understand, and use 3DE data better in clinical practices. Besides, the high cost of production and strict regulations associated to the devices hinders the market growth.

Furthermore, various governments among developing countries are making major investments to develop healthcare infrastructure in their respective countries, which is projected to increase access to healthcare. This is projected to increase the demand for atrial septal defect devices. Increase in prevalence of chronic heart diseases, particularly congenital heart defects, in developing countries creates lucrative opportunities in the global atrial septal defect devices market.

The global ASD Closure Devices Market is segregated on the basis of Type as Stainless Steel, Titanium and Others. Based on Application the global ASD Closure Devices Market is segmented in Hospitals, Clinics and Others.

The global ASD Closure Devices Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The ASD Closure Devices Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Abbott, Coherex Medical, Lepu Medical, Boston Scientific Corp, Starway and others are among the major players in the global ASD Closure Devices Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• On June 4, W. L. Gore & Associates (Gore) declared the approval of the GORE HELEX Septal Occluder with a changed catheter delivery system from the U.S. Food & Drug Administration (FDA), which is meant for the transcatheter closure of atrial septal defect (ASD). The GORE HELEX Septal Occluder is a permanently inserted prosthesis and the first device of its type to use ePTFE, a biocompatible material which enables tissue in growth to seal the defect. In addition, the catheter-based delivery system which was recently approved enables easier device deployment through standard femoral venous access, bringing the GORE HELEX Septal Occluder as the leading non-surgical ASD repair.

The global ASD Closure Devices Market has been segmented as below:

ASD Closure Devices Market, By Type

• Stainless Steel
• Titanium
• Others

ASD Closure Devices Market, By Application

• Hospitals
• Clinics
• Others

ASD Closure Devices Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

ASD Closure Devices Market, By Company

• Abbott
• Coherex Medical
• Lepu Medical
• Boston Scientific Corp
• Starway
• LifeTech
• MicroPort
• W. L. Gore & Associates
• Occlutech
• Cardia

The report covers the below scope:

• Global ASD Closure Devices Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global ASD Closure Devices Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global ASD Closure Devices Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global ASD Closure Devices Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global ASD Closure Devices Market share. Major industry players with significant revenue share include Abbott, Coherex Medical, Lepu Medical, Boston Scientific Corp, Starway and others.

Why to Buy this Report:

• Gain detailed insights on the ASD Closure Devices industry trends
• Find complete analysis on the market status
• Identify the ASD Closure Devices Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     ASD Closure Devices Market, By Type

5.1.      Key Points

5.2.  Stainless Steel

5.3.  Titanium

5.4.  Others

6.    ASD Closure Devices Market, By Application

6.1.      Key Points

6.2. Hospitals

6.3. Clinics

6.4. Others

7.     Competitive Landscape

7.1.      Introduction

7.2.     Start-up companies- ASD Closure Devices Market

7.3.     Recent Developments

7.3.1.      Mergers & Acquisitions

7.3.2.     New Product Developments

7.3.3.     Portfolio/Production Capacity Expansions

7.3.4.     Joint Ventures, Collaborations, Partnerships & Agreements

7.3.5.     Others

8.    Company Profile

8.1.  Abbott

8.2. Coherex Medical

8.3. Lepu Medical

8.4. Boston Scientific Corp

8.5. Starway

8.6. LifeTech

8.7.  MicroPort

8.8. W. L. Gore & Associates

8.9. Occlutech

8.10.    Cardia