Structural Heart Devices Market Research Analysis, Size, Demand, and Forecast 2022-2033
The global structural heart devices market size was USD 13.69 Billion in 2022 and is expected to register a steady revenue CAGR of 10.2% during the forecast period, according to latest analysis by Emergen Research.
Global Structural Heart Devices Market – Overview:
The latest market intelligence report, titled ‘Global Structural Heart Devices Market’, is intended to provide the target audience with the necessary information about the global Structural Heart Devices industry. The report comprises a detailed analysis of the vital elements of the Structural Heart Devices market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Structural Heart Devices market dynamics that helps market analysts estimate the global market growth rate over the projected timeline. Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Structural Heart Devices market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
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The structural heart devices market is a rapidly growing sector within the medical device industry, focused on treating structural abnormalities of the heart. These devices are designed to provide minimally invasive alternatives to traditional open-heart surgeries, offering patients less invasive treatment options and faster recovery times. The market for structural heart devices is driven by several factors, including the increasing prevalence of cardiovascular diseases, technological advancements, and the growing aging population.
Cardiovascular diseases, such as heart valve disorders and congenital heart defects, are a leading cause of mortality worldwide. The rising prevalence of these conditions has created a significant demand for innovative treatment options. The global structural heart devices market size was USD 13.69 Billion in 2022 and is expected to register a steady revenue CAGR of 10.2% during the forecast period, according to latest analysis by Emergen Research.
One of the key drivers of the structural heart devices market is the continuous technological advancements in the field. Manufacturers are investing in research and development to develop innovative devices that offer improved safety, efficacy, and patient outcomes. These advancements include the development of transcatheter heart valves, which can be implanted without the need for open-heart surgery, and other minimally invasive procedures.
However, the market for structural heart devices also faces certain restraints. One of the major challenges is the high cost associated with these devices and procedures. The complex nature of the devices and the need for specialized training and equipment contribute to the overall cost. Additionally, reimbursement challenges and regulatory hurdles can impact market growth.
To gain a better understanding of the structural heart devices market, let's look at some statistics from government organizations. According to the American Heart Association, cardiovascular diseases are responsible for approximately 17.9 million deaths globally each year, accounting for 31% of all deaths worldwide. This staggering statistic highlights the urgent need for effective treatment options, driving the demand for structural heart devices.
Now, let's take a look at some of the latest product launches by top companies in the structural heart devices market. Edwards Lifesciences Corporation recently launched its SAPIEN 3 Ultra transcatheter heart valve system. This system offers enhanced valve performance and improved patient outcomes, providing a less invasive treatment option for patients with aortic valve stenosis.
Another notable product launch is by Medtronic plc, which introduced its Evolut PRO+ transcatheter aortic valve replacement system. This system incorporates advanced features to optimize valve performance and patient outcomes, further expanding the options available for minimally invasive heart valve replacement.
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Global Structural Heart Devices Market Report – Table of Contents:
- Chapter 1 includes the global Structural Heart Devices market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Structural Heart Devices market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Structural Heart Devices market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Structural Heart Devices industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
Top competitors of the Structural Heart Devices Market profiled in the report include:
Medtronic plc, Cryolife Inc., Edwards Lifesciences Corporation, Abbott Laboratories, ST. JUDE MEDICAL, Medical Technology Est, Comed BV, Koninklijke Philips N.V., and Abbott
Emergen Research has segmented the global Structural Heart Devices on the basis of product, fitting, application, and region:
-
Products Outlook (Revenue, USD Billion; 2019-2032)
- Delivery systems
- Heart valve devices
- Others
-
Procedure Outlook (Revenue, USD Billion; 2019-2032)
- Repair procedures
- Replacement procedures
- Others
-
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Regional Analysis of the Structural Heart Devices Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA
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Key Objectives of the Report:
- Analysis and estimation of the Structural Heart Devices market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Structural Heart Devices market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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Structural Heart Devices Snapshots
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