Patent Foramen Ovale Closure Device Market Size, Share, Growth, Trends, and Forecast by 2031
Coverage: Patent Foramen Ovale Closure Device Market covers analysis By Product (Amplatzer PFO Occluder, Other PFO Occluder); Application (Hospitals, Clinics, Other) , and Geography (North America, Europe, Asia Pacific, and South and Central America)
- Report Date : Nov 2025
- Report Code : TIPRE00019270
- Category : Life Sciences
- Status : Upcoming
- Available Report Formats :
- No. of Pages : 150
The Patent Foramen Ovale Closure Device Market is expected to register a CAGR of 3.2% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product (Amplatzer PFO Occluder, Other PFO Occluder). The report further presents analysis based on the Application (Hospitals, Clinics, Other). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Patent Foramen Ovale Closure Device Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Patent Foramen Ovale Closure Device Market Segmentation
Product- Amplatzer PFO Occluder
- Other PFO Occluder
- Hospitals
- Clinics
- Other
Strategic Insights
Patent Foramen Ovale Closure Device Market Growth Drivers- Epidemic Rise in Patent Foramen Ovale (PFO): Rising prevalence and awareness of PFO as an etiological cause for cryptogenic stroke is boosting market growth. Advances in technology and improved diagnostics diagnose ever-increasing numbers of such patients. Increasing incidence drives the demand for an efficient closure device that saves more patients from strokes with successful outcomes.
- Advances in Medical Technology: Technological advancements in minimally invasive procedures are significantly improving the patent foramen ovale closure device market. New materials, improved delivery systems, and enhanced imaging techniques allow for safer and more effective closures. These innovations not only improve patient safety and comfort but also broaden the applications of closure devices, driving market expansion.
- Growing Awareness and Screening Programs: Increased education to health professionals and public increases screening for PFO with greater risk. Educations that make people identify and seek attention for patients experiencing strokes also increase their identification rate. This leads to a surge in the closure device market as most of them want preventive measures against these medical conditions.
- Minimally Invasive Techniques: More of a trend is to try out as few invasive techniques of closing PFOs, due to which advantages gained through it are like lowering of time required for recovery time period and postoperative lessened pains, and lower complication risk. More patients are preferring such less-invasive alternative procedures, thus it results in physicians, then subsequently in manufacturers too be highly interested in releasing product supports for this kind of trends, and so thereby rising the demand for those in the market.
- Combination with Imaging Technologies: Advanced imaging technologies are the most significant trend in PFO closure procedures. Improved imaging techniques include TEE and 3D echocardiography; they enhance the accuracy and success of the procedure. It enables better anatomical evaluation and correct device placement, which increases surgeons' and patients' confidence in the successful delivery of the intervention.
- Increased Regulation: An increase in regulatory support for PFO closure devices will be the molding factor of the market landscape. Regulatory agencies are fast forwarding the approval process for innovative devices, acknowledging their prospective ability to better patient results. This is a strong motivator for manufacturers to invest in research and development, thus presenting a whole range of options and competition in the market.
- Emerging Markets: There is good growth opportunity from the emerging markets for the industry of PFO closure device. With upgrading health infrastructure and increased awareness about PFO, an effective treatment solution will emerge to be in demand. Companies that strategically enter these markets can capture new bases of customers and will get benefited by the health-care systems expanding as a result of the overall growth in the market.
- Health care provider partnerships: A pathway to market for manufacturers of PFO closure devices could be partnering with healthcare providers and facilities. Work on clinical trials and educational initiatives is considered to better promote the devices through faster acceptance and higher quality end results. They will further be used to accumulate an essential set of data on actual performance in a wide real-world experience that bolsters the justification of both the product's development as well as the related commercial promotion.
- Increase of Indications: There is great potential in increasing the indications for PFO closure devices beyond that of a stroke. Migraine relief and even decompression sickness could be worth exploring. Divided applications for manufacturers, tapping new markets, and improving their product lines through potential revenue growth.Epidemic Rise in Patent Foramen Ovale (PFO)
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Patent Foramen Ovale Closure Device Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Patent Foramen Ovale Closure Device Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The patent foramen ovale closure device market is estimated to grow with a CAGR of 3.2% from 2023 to 2031.
Asia-Pacific region is likely to witness the fastest growth rate during the forecast period
The patent foramen ovale closure device market majorly consists of players such Abbott, W. L. Gore and Associates, International Occlutech AB among others.
The market drivers include increasing recognition of PFO and technological advancements in minimally invasive procedures are driving the patent foramen ovale closure device market.
Minimally invasive techniques in PFO closure procedures likely to remain the key trend during the forecast period.
North America dominated the patent foramen ovale closure device market in 2023
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Patent Foramen Ovale Closure Device Market - By Product
1.3.2 Patent Foramen Ovale Closure Device Market - By Application
1.3.3 Patent Foramen Ovale Closure Device Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. PATENT FORAMEN OVALE CLOSURE DEVICE - GLOBAL MARKET OVERVIEW
6.2. PATENT FORAMEN OVALE CLOSURE DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. AMPLATZER PFO OCCLUDER
7.3.1. Overview
7.3.2. Amplatzer PFO Occluder Market Forecast and Analysis
7.4. OTHER PFO OCCLUDER
7.4.1. Overview
7.4.2. Other PFO Occluder Market Forecast and Analysis
8. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. CLINICS
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis
8.5. OTHER
8.5.1. Overview
8.5.2. Other Market Forecast and Analysis
9. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Patent Foramen Ovale Closure Device Market Overview
9.1.2 North America Patent Foramen Ovale Closure Device Market Forecasts and Analysis
9.1.3 North America Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Product
9.1.4 North America Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Application
9.1.5 North America Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Countries
9.1.5.1 United States Patent Foramen Ovale Closure Device Market
9.1.5.1.1 United States Patent Foramen Ovale Closure Device Market by Product
9.1.5.1.2 United States Patent Foramen Ovale Closure Device Market by Application
9.1.5.2 Canada Patent Foramen Ovale Closure Device Market
9.1.5.2.1 Canada Patent Foramen Ovale Closure Device Market by Product
9.1.5.2.2 Canada Patent Foramen Ovale Closure Device Market by Application
9.1.5.3 Mexico Patent Foramen Ovale Closure Device Market
9.1.5.3.1 Mexico Patent Foramen Ovale Closure Device Market by Product
9.1.5.3.2 Mexico Patent Foramen Ovale Closure Device Market by Application
9.2. EUROPE
9.2.1 Europe Patent Foramen Ovale Closure Device Market Overview
9.2.2 Europe Patent Foramen Ovale Closure Device Market Forecasts and Analysis
9.2.3 Europe Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Product
9.2.4 Europe Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Application
9.2.5 Europe Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Patent Foramen Ovale Closure Device Market
9.2.5.1.1 Germany Patent Foramen Ovale Closure Device Market by Product
9.2.5.1.2 Germany Patent Foramen Ovale Closure Device Market by Application
9.2.5.2 France Patent Foramen Ovale Closure Device Market
9.2.5.2.1 France Patent Foramen Ovale Closure Device Market by Product
9.2.5.2.2 France Patent Foramen Ovale Closure Device Market by Application
9.2.5.3 Italy Patent Foramen Ovale Closure Device Market
9.2.5.3.1 Italy Patent Foramen Ovale Closure Device Market by Product
9.2.5.3.2 Italy Patent Foramen Ovale Closure Device Market by Application
9.2.5.4 Spain Patent Foramen Ovale Closure Device Market
9.2.5.4.1 Spain Patent Foramen Ovale Closure Device Market by Product
9.2.5.4.2 Spain Patent Foramen Ovale Closure Device Market by Application
9.2.5.5 United Kingdom Patent Foramen Ovale Closure Device Market
9.2.5.5.1 United Kingdom Patent Foramen Ovale Closure Device Market by Product
9.2.5.5.2 United Kingdom Patent Foramen Ovale Closure Device Market by Application
9.2.5.6 Rest of Europe Patent Foramen Ovale Closure Device Market
9.2.5.6.1 Rest of Europe Patent Foramen Ovale Closure Device Market by Product
9.2.5.6.2 Rest of Europe Patent Foramen Ovale Closure Device Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Patent Foramen Ovale Closure Device Market Overview
9.3.2 Asia-Pacific Patent Foramen Ovale Closure Device Market Forecasts and Analysis
9.3.3 Asia-Pacific Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Patent Foramen Ovale Closure Device Market
9.3.5.1.1 Australia Patent Foramen Ovale Closure Device Market by Product
9.3.5.1.2 Australia Patent Foramen Ovale Closure Device Market by Application
9.3.5.2 China Patent Foramen Ovale Closure Device Market
9.3.5.2.1 China Patent Foramen Ovale Closure Device Market by Product
9.3.5.2.2 China Patent Foramen Ovale Closure Device Market by Application
9.3.5.3 India Patent Foramen Ovale Closure Device Market
9.3.5.3.1 India Patent Foramen Ovale Closure Device Market by Product
9.3.5.3.2 India Patent Foramen Ovale Closure Device Market by Application
9.3.5.4 Japan Patent Foramen Ovale Closure Device Market
9.3.5.4.1 Japan Patent Foramen Ovale Closure Device Market by Product
9.3.5.4.2 Japan Patent Foramen Ovale Closure Device Market by Application
9.3.5.5 South Korea Patent Foramen Ovale Closure Device Market
9.3.5.5.1 South Korea Patent Foramen Ovale Closure Device Market by Product
9.3.5.5.2 South Korea Patent Foramen Ovale Closure Device Market by Application
9.3.5.6 Rest of Asia-Pacific Patent Foramen Ovale Closure Device Market
9.3.5.6.1 Rest of Asia-Pacific Patent Foramen Ovale Closure Device Market by Product
9.3.5.6.2 Rest of Asia-Pacific Patent Foramen Ovale Closure Device Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Patent Foramen Ovale Closure Device Market Overview
9.4.2 Middle East and Africa Patent Foramen Ovale Closure Device Market Forecasts and Analysis
9.4.3 Middle East and Africa Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Patent Foramen Ovale Closure Device Market
9.4.5.1.1 South Africa Patent Foramen Ovale Closure Device Market by Product
9.4.5.1.2 South Africa Patent Foramen Ovale Closure Device Market by Application
9.4.5.2 Saudi Arabia Patent Foramen Ovale Closure Device Market
9.4.5.2.1 Saudi Arabia Patent Foramen Ovale Closure Device Market by Product
9.4.5.2.2 Saudi Arabia Patent Foramen Ovale Closure Device Market by Application
9.4.5.3 U.A.E Patent Foramen Ovale Closure Device Market
9.4.5.3.1 U.A.E Patent Foramen Ovale Closure Device Market by Product
9.4.5.3.2 U.A.E Patent Foramen Ovale Closure Device Market by Application
9.4.5.4 Rest of Middle East and Africa Patent Foramen Ovale Closure Device Market
9.4.5.4.1 Rest of Middle East and Africa Patent Foramen Ovale Closure Device Market by Product
9.4.5.4.2 Rest of Middle East and Africa Patent Foramen Ovale Closure Device Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Patent Foramen Ovale Closure Device Market Overview
9.5.2 South and Central America Patent Foramen Ovale Closure Device Market Forecasts and Analysis
9.5.3 South and Central America Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Product
9.5.4 South and Central America Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Application
9.5.5 South and Central America Patent Foramen Ovale Closure Device Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Patent Foramen Ovale Closure Device Market
9.5.5.1.1 Brazil Patent Foramen Ovale Closure Device Market by Product
9.5.5.1.2 Brazil Patent Foramen Ovale Closure Device Market by Application
9.5.5.2 Argentina Patent Foramen Ovale Closure Device Market
9.5.5.2.1 Argentina Patent Foramen Ovale Closure Device Market by Product
9.5.5.2.2 Argentina Patent Foramen Ovale Closure Device Market by Application
9.5.5.3 Rest of South and Central America Patent Foramen Ovale Closure Device Market
9.5.5.3.1 Rest of South and Central America Patent Foramen Ovale Closure Device Market by Product
9.5.5.3.2 Rest of South and Central America Patent Foramen Ovale Closure Device Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PATENT FORAMEN OVALE CLOSURE DEVICE MARKET, KEY COMPANY PROFILES
11.1. ABBOTT
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. W. L. GORE AND ASSOCIATES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. INTERNATIONAL OCCLUTECH AB
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LIFETECH SCI
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. AGA MEDICAL CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ST. JUDE MEDICAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. VASCULAR INNOVATIONS CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CARDIA INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LEPU MEDICAL TECHNOLOGY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STARWAY MEDICAL TECHNOLOGY INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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