Patent Foramen Ovale (PFO) Closure Devices Market Size, Share, Outlook, and Opportunity Analysis, 2022-2028

 

Patent Foramen Ovale (PFO) Closure Devices Market
Patent Foramen Ovale (PFO) Closure Devices Market

    

PFO is a medical disorder in which a tissue flap in the wall between the left and right atrium remains permanently open, enabling a tiny flow of blood to move from the right to the left side of the heart.

Over the projected period, the high incidence rate of ischemic stroke is expected to drive the growth of the global patent foramen ovale (PFO) closure devices market. Stroke is one of the leading causes of death worldwide. According to the American Stroke Association, around 795,000 persons in the United States suffer from stroke each year, with ischemic strokes accounting for approximately 87% of all strokes. Furthermore, rising alcohol intake, increased smoking, and sedentary lifestyle are all likely to raise the risk of stroke.

Furthermore, the global prevalence of congenital heart disease is predicted to drive the growth of the global patent foramen ovale (PFO) closure devices market. According to the American Heart Association, over 40,000 babies in the United States are born with a congenital heart problem, and over 2-3 million Americans suffer from congenital heart disorders.

Product recall and/or discontinuation are projected to stifle growth in the global patent foramen ovale (PFO) closure devices market. For example, after being sued for patent infringement, W. L. Gore & Associates, Inc stopped its product GORE HELEX Septal Occluder in 2013. Furthermore, St. Jude Medical issued a Class I recall for its Amplatzer TorqVue FX Delivery System, which is utilised in transcatheter repair of atrial septal defects (ASDs).

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