The global market for PFO Closure Device was valued at US$ 150 million in the year 2024 and is projected to reach a revised size of US$ 218 million by 2031, growing at a CAGR of 5.6% during the forecast period.
A Patent Foramen Ovale (PFO) closure device is a medical device used to treat a patent foramen ovale, a congenital heart defect where a small opening between the upper chambers of the heart (the atria) fails to close after birth. This device is typically implanted through a minimally invasive catheter procedure to seal the opening, preventing abnormal blood flow between the atria. By closing the PFO, the device reduces the risk of complications such as stroke or migraines. It is usually made of a metal framework covered with biocompatible materials, ensuring safety and effectiveness in restoring normal circulation.
The key drivers of the Patent Foramen Ovale (PFO) closure device market is the rising prevalence of stroke and related cardiovascular conditions. Since a PFO increases the risk of stroke, particularly cryptogenic stroke, there is growing demand for minimally invasive treatments to address this condition. Technological advancements in medical devices and increased awareness of PFO-related risks have led to a higher adoption rate of closure devices. Additionally, the growing aging population, which is more susceptible to heart-related disorders, further fuels the demand for PFO closure procedures.
Despite the increasing demand, the PFO closure device market faces significant challenges, primarily the high cost of devices and procedures. This can limit accessibility, particularly in developing regions where healthcare infrastructure and insurance coverage may be lacking. Another challenge is the risk of complications or adverse events associated with PFO closure procedures, such as device embolization or atrial fibrillation. Concerns over long-term safety and the need for more extensive clinical studies may hinder wider acceptance and regulatory approvals in certain markets. Abbott is the market leader with a market share of 80%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for PFO Closure Device, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding PFO Closure Device.
The PFO Closure Device market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global PFO Closure Device market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the PFO Closure Device manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Abbott
Occlutech
Starway
W. L. Gore & Associates
Lepu Medical
LifeTech
Segment by Type
Non-degradable
Degradable
Segment by Application
Hospital
Clinics
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
U.A.E
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of PFO Closure Device manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of PFO Closure Device in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report. 
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1 PFO Closure Device Âé¶¹Ô´´ Overview
1.1 Product Definition
1.2 PFO Closure Device by Type
1.2.1 Global PFO Closure Device Âé¶¹Ô´´ Value Comparison by Type (2024 VS 2031)
1.2.2 Non-degradable
1.2.3 Degradable
1.3 PFO Closure Device by Application
1.3.1 Global PFO Closure Device Âé¶¹Ô´´ Value by Application (2024 VS 2031)
1.3.2 Hospital
1.3.3 Clinics
1.4 Global PFO Closure Device Âé¶¹Ô´´ Size Estimates and Forecasts
1.4.1 Global PFO Closure Device Revenue 2020-2031
1.4.2 Global PFO Closure Device Sales 2020-2031
1.4.3 Global PFO Closure Device Âé¶¹Ô´´ Average Price (2020-2031)
1.5 Assumptions and Limitations
2 PFO Closure Device Âé¶¹Ô´´ Competition by Manufacturers
2.1 Global PFO Closure Device Sales Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.2 Global PFO Closure Device Revenue Âé¶¹Ô´´ Share by Manufacturers (2020-2025)
2.3 Global PFO Closure Device Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of PFO Closure Device, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of PFO Closure Device, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of PFO Closure Device, Product Type & Application
2.7 Global Key Manufacturers of PFO Closure Device, Date of Enter into This Industry
2.8 Global PFO Closure Device Âé¶¹Ô´´ Competitive Situation and Trends
2.8.1 Global PFO Closure Device Âé¶¹Ô´´ Concentration Rate
2.8.2 The Global 5 and 10 Largest PFO Closure Device Players Âé¶¹Ô´´ Share by Revenue
2.8.3 Global PFO Closure Device Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global PFO Closure Device Âé¶¹Ô´´ Scenario by Region
3.1 Global PFO Closure Device Âé¶¹Ô´´ Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global PFO Closure Device Sales by Region: 2020-2031
3.2.1 Global PFO Closure Device Sales by Region: 2020-2025
3.2.2 Global PFO Closure Device Sales by Region: 2026-2031
3.3 Global PFO Closure Device Revenue by Region: 2020-2031
3.3.1 Global PFO Closure Device Revenue by Region: 2020-2025
3.3.2 Global PFO Closure Device Revenue by Region: 2026-2031
3.4 North America PFO Closure Device Âé¶¹Ô´´ Facts & Figures by Country
3.4.1 North America PFO Closure Device Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America PFO Closure Device Sales by Country (2020-2031)
3.4.3 North America PFO Closure Device Revenue by Country (2020-2031)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe PFO Closure Device Âé¶¹Ô´´ Facts & Figures by Country
3.5.1 Europe PFO Closure Device Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe PFO Closure Device Sales by Country (2020-2031)
3.5.3 Europe PFO Closure Device Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific PFO Closure Device Âé¶¹Ô´´ Facts & Figures by Region
3.6.1 Asia Pacific PFO Closure Device Âé¶¹Ô´´ Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific PFO Closure Device Sales by Region (2020-2031)
3.6.3 Asia Pacific PFO Closure Device Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America PFO Closure Device Âé¶¹Ô´´ Facts & Figures by Country
3.7.1 Latin America PFO Closure Device Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America PFO Closure Device Sales by Country (2020-2031)
3.7.3 Latin America PFO Closure Device Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa PFO Closure Device Âé¶¹Ô´´ Facts & Figures by Country
3.8.1 Middle East and Africa PFO Closure Device Âé¶¹Ô´´ Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa PFO Closure Device Sales by Country (2020-2031)
3.8.3 Middle East and Africa PFO Closure Device Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global PFO Closure Device Sales by Type (2020-2031)
4.1.1 Global PFO Closure Device Sales by Type (2020-2025)
4.1.2 Global PFO Closure Device Sales by Type (2026-2031)
4.1.3 Global PFO Closure Device Sales Âé¶¹Ô´´ Share by Type (2020-2031)
4.2 Global PFO Closure Device Revenue by Type (2020-2031)
4.2.1 Global PFO Closure Device Revenue by Type (2020-2025)
4.2.2 Global PFO Closure Device Revenue by Type (2026-2031)
4.2.3 Global PFO Closure Device Revenue Âé¶¹Ô´´ Share by Type (2020-2031)
4.3 Global PFO Closure Device Price by Type (2020-2031)
5 Segment by Application
5.1 Global PFO Closure Device Sales by Application (2020-2031)
5.1.1 Global PFO Closure Device Sales by Application (2020-2025)
5.1.2 Global PFO Closure Device Sales by Application (2026-2031)
5.1.3 Global PFO Closure Device Sales Âé¶¹Ô´´ Share by Application (2020-2031)
5.2 Global PFO Closure Device Revenue by Application (2020-2031)
5.2.1 Global PFO Closure Device Revenue by Application (2020-2025)
5.2.2 Global PFO Closure Device Revenue by Application (2026-2031)
5.2.3 Global PFO Closure Device Revenue Âé¶¹Ô´´ Share by Application (2020-2031)
5.3 Global PFO Closure Device Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Abbott
6.1.1 Abbott Company Information
6.1.2 Abbott Description and Business Overview
6.1.3 Abbott PFO Closure Device Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Abbott PFO Closure Device Product Portfolio
6.1.5 Abbott Recent Developments/Updates
6.2 Occlutech
6.2.1 Occlutech Company Information
6.2.2 Occlutech Description and Business Overview
6.2.3 Occlutech PFO Closure Device Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Occlutech PFO Closure Device Product Portfolio
6.2.5 Occlutech Recent Developments/Updates
6.3 Starway
6.3.1 Starway Company Information
6.3.2 Starway Description and Business Overview
6.3.3 Starway PFO Closure Device Sales, Revenue and Gross Margin (2020-2025)
6.3.4 Starway PFO Closure Device Product Portfolio
6.3.5 Starway Recent Developments/Updates
6.4 W. L. Gore & Associates
6.4.1 W. L. Gore & Associates Company Information
6.4.2 W. L. Gore & Associates Description and Business Overview
6.4.3 W. L. Gore & Associates PFO Closure Device Sales, Revenue and Gross Margin (2020-2025)
6.4.4 W. L. Gore & Associates PFO Closure Device Product Portfolio
6.4.5 W. L. Gore & Associates Recent Developments/Updates
6.5 Lepu Medical
6.5.1 Lepu Medical Company Information
6.5.2 Lepu Medical Description and Business Overview
6.5.3 Lepu Medical PFO Closure Device Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Lepu Medical PFO Closure Device Product Portfolio
6.5.5 Lepu Medical Recent Developments/Updates
6.6 LifeTech
6.6.1 LifeTech Company Information
6.6.2 LifeTech Description and Business Overview
6.6.3 LifeTech PFO Closure Device Sales, Revenue and Gross Margin (2020-2025)
6.6.4 LifeTech PFO Closure Device Product Portfolio
6.6.5 LifeTech Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 PFO Closure Device Industry Chain Analysis
7.2 PFO Closure Device Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 PFO Closure Device Production Mode & Process Analysis
7.4 PFO Closure Device Sales and Âé¶¹Ô´´ing
7.4.1 PFO Closure Device Sales Channels
7.4.2 PFO Closure Device Distributors
7.5 PFO Closure Device Customer Analysis
8 PFO Closure Device Âé¶¹Ô´´ Dynamics
8.1 PFO Closure Device Industry Trends
8.2 PFO Closure Device Âé¶¹Ô´´ Drivers
8.3 PFO Closure Device Âé¶¹Ô´´ Challenges
8.4 PFO Closure Device Âé¶¹Ô´´ Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Âé¶¹Ô´´ Size Estimation
10.1.3 Âé¶¹Ô´´ Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Abbott
Occlutech
Starway
W. L. Gore & Associates
Lepu Medical
LifeTech
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*If Applicable.