A patent foramen ovale (PFO) occluder is a small, mesh-like device that is used to close a hole in the heart called a patent foramen ovale (PFO). A patent foramen ovaleis a tiny opening between the upper chambers of the heart (the right and left atria) that normally closes shortly after birth. However, in some people, the patent foramen ovale remains open, which can allow blood clots to travel from the right side of the heart to the left side, potentially causing a stroke.
According to the new market research report “Patent Foramen Ovale Occluder – Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Patent Foramen Ovale Occluder market size is projected to grow from USD 301.5 million in 2023 to USD 719.1 million by 2029, at a CAGR of 15.6% during the forecast period.
- Global Patent Foramen Ovale Occluder MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Patent Foramen Ovale Occluder – Global Market Insights and Sales Trends 2024”
- Global Patent Foramen Ovale Occluder Top8Players Ranking and Market Share（Continually updated）
Source: QYResearch, “Patent Foramen Ovale Occluder – Global Market Insights and Sales Trends 2024”
This report profiles key players of Patent Foramen Ovale Occluder such as Abbott, Lepu Medical, Gero Medical, PFM Medical, Occlutech
In 2022, the global top five Patent Foramen Ovale Occluder players account for 82.31% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Patent Foramen Ovale Occluder.
Market Drivers:
The prevalence of patent foramen ovale is high: It occurs in about 25% of adults, according to the American Heart Association. Patent foramen ovale. As the population ages, the prevalence of patent foramen ovale is expected to further increase.
Correlation between patent foramen ovale and stroke: Studies have shown that there is a certain correlation between patent foramen ovale and stroke. About 20% of patients who have had a stroke have a patent foramen ovale. Patent foramen ovale occluder can effectively reduce the risk of stroke in patients with patent foramen ovale.
Safety and effectiveness of patent foramen ovale closure: Patent foramen ovale closure is a minimally invasive procedure that can usually be performed on an outpatient basis. Recovery time after surgery is short and the risk of complications is low.
Restraint:
Patent foramen ovale is a silent condition, making it difficult to diagnose. Currently, the diagnosis of patent foramen ovale mainly relies on cardiac ultrasound examination. However, the sensitivity and specificity of cardiac ultrasound examination are not high, so the missed diagnosis rate of patent foramen ovale is high.
The cost of patent foramen ovale closure is high. Patent foramen ovale closure is a minimally invasive surgery, but its cost is still high. This may limit the opportunity for some patients to undergo patent foramen ovale closure.
The long-term safety of patent foramen ovale closure has not been fully proven. Patent foramen ovale closure is a relatively new procedure and its long-term safety has not been fully proven. Currently, studies on the long-term safety of patent foramen ovale closure are still ongoing.
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