PDA Closure Devices Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.5 Billion by 2033, growing at a CAGR of 8.7% from 2026 to 2033.
The global PDA closure devices market was valued at approximately USD 1.8 billion in 2022 and is expected to grow at a CAGR of 7.5% during the forecast period from 2023 to 2030. This growth is driven by the increasing demand for minimally invasive surgical procedures and the rising prevalence of heart related conditions, especially PDA (Patent Ductus Arteriosus) in newborns and children. The market is anticipated to expand significantly in the coming years, with the increasing adoption of advanced closure techniques, technological advancements, and better healthcare infrastructure contributing to this growth. Key growth opportunities lie in emerging economies, where the demand for affordable healthcare solutions is on the rise.
Regionally, North America holds the largest market share of the PDA closure devices market, accounting for over 35% of the global revenue in 2022. This is primarily due to the well established healthcare infrastructure, high adoption of innovative medical technologies, and the presence of advanced healthcare services. Europe follows North America in market share, driven by a growing patient pool and increasing healthcare expenditures. The Asia Pacific region is expected to witness the highest growth rate, projected to grow at a CAGR of 8.5% from 2023 to 2030, owing to the growing healthcare needs in countries like China and India, increasing awareness about heart diseases, and expanding healthcare facilities. The Middle East and Africa and Latin America are also showing gradual improvements in the PDA closure devices market due to healthcare advancements and rising medical tourism in certain countries.
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Abbott
Boston Scientific Corp
LifeTech
Lepu Medical
Occlutech
W. L. Gore & Associates
Starway
Coherex Medical
Cardia
MicroPort
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global PDA Closure Devices Market
Absorbable Devices
Non-Absorbable Devices
Bioactive Devices
Cardiovascular Surgery
General Surgery
Orthopedic Surgery
Gynecological Surgery
Mechanical Closure Devices
ELECTRO-CHEMICAL Closure Devices
Thermal Closure Devices
Adhesive Closure Devices
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialty Clinics
Research and Academic Institutes
Direct Sales
Distributors
Online Sales
Retail Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global PDA Closure Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global PDA Closure Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PDA Closure Devices Market, By Type
6. Global PDA Closure Devices Market, By Application
7. Global PDA Closure Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global PDA Closure Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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