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Heart Closure Devices Market Size

Report ID: GMI6140 Published Date: November 2024Report Format: PDF
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Heart Closure Devices Market Size

The global heart closure devices market was valued at USD 4 billion in 2024 and is expected to exhibit growth at a CAGR of 15.9% from 2025 to 2034. High market growth can be attributed to the growing prevalence of cardiovascular diseases, rising preference for minimally invasive procedures, and favorable reimbursement policies, among other contributing factors.

 

heart closure devices market

Cardiovascular diseases (CVDs) continue to be a primary global health concern, claiming millions of lives annually. According to the World Health Organization (WHO), CVDs account for approximately 17.9 million deaths each year. Contributing to this alarming trend are an aging population, a surge in lifestyle-related risk factors such as obesity, hypertension, and diabetes, and increasingly sedentary lifestyles. As a result, there is a heightened demand for minimally invasive solutions, such as heart closure devices, which effectively address structural heart defects across diverse patient demographics.

Additionally, heart closure devices are highly sought after due to their minimally invasive nature, offering patients an alternative to traditional open-heart surgery. These devices are typically implanted via catheter-based procedures, leading to shorter recovery times, less pain, and reduced hospital stays compared to surgical interventions. As minimally invasive procedures gain popularity among both healthcare providers and patients, the demand for heart closure devices continues to expand, supporting significant growth in the market.

Heart closure devices are medical devices used to close abnormal openings in the heart, particularly atrial or ventricular septal defects. These defects are congenital conditions where abnormal openings exist between the chambers of the heart, allowing blood to flow in unintended directions.

Author: Mariam Faizullabhoy , Gauri Wani
Frequently Asked Question(FAQ) :

How big is the heart closure devices market?+

The global heart closure devices industry was valued at USD 4 billion in 2024 and is expected to grow at a CAGR of 15.9% from 2025 to 2034, driven by the increasing prevalence of cardiovascular diseases and the rising preference for minimally invasive procedures.

How much is the North America heart closure devices industry worth?+

The North America heart closure devices market recorded USD 2.7 billion in revenue in 2024 and is anticipated to grow at a CAGR of 14.3% between 2025 and 2034, driven by the rising incidence of atrial septal defect (ASD) and patent foramen ovale (PFO).

Why is the left atrial appendage closure devices segment leading?+

The left atrial appendage (LAA) closure devices segment generated USD 2.2 billion in 2024, primarily due to their significant benefit in reducing stroke risk.

Who are some of the prominent players in the heart closure devices industry?+

Key players in the industry include Abbott Laboratories, AtriCure, Biosense Webster, Boston Scientific Corporation, Cardia, Heartstitch, Lepu Medical Technology (Beijing) Co., Ltd., LifeTech Scientific Corporation, Medtronic, and Occlutech.

Heart Closure Devices Market Scope

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