Structural Heart Devices Market Size, Growth and Share Analysis By Type, Indication, Procedure- Forecast Till 2030

The global structural heart devices market research is predicted to demonstrate 10.30% CAGR during the forecast period (2022-2030) owing to the increasing frequency of structural heart diseases, asserts Market Research Future (MRFR). Structural heart disease is referred to the cardiac defects which are generally inherited by birth and are developed later in life, due to wear and tear from infection. The common structural heart diseases include ventricular septal defect, atrial septal defect, arterial/venous fistulae, paravalvular leak, congenital heart disease, and patent foramen oval. With advancements in the medical field, the open-heart surgical procedures have replaced with minimally invasive procedures like transcatheter mitral valve repair (TMVR) and transcatheter aortic valve replacement (TAVR).

Drivers and Constraints Impacting the Market

The global market for structural heart devices is anticipated to grow during the assessment period due to the rising prevalence of structural heart diseases, the development of novel repair tools like occludes and annuloplasty rings, technological advancements, and the rising demand for minimally invasive procedures. The growing need for quick and lasting operations among the senior population, together with the increased focus of the major players on structural heart device research and development, is projected to present profitable potential for market participants worldwide. Furthermore, the regulatory approval of cutting-edge and novel structural cardiac devices, growing public awareness of structural heart disorders, and a favourable reimbursement environment are all expected to promote market expansion in the years to come.

On the flip side, high cost associated with the surgeries coupled with strict government mandates are some of the major concerns considered to dampen the global structural heart devices market growth during the appraisal period. Advanced products like sutureless heart valve cost higher than the earlier available products. The high price of sutureless devices will further limit the adoption of the equipment, thereby impeding the market growth during the forecast period.

The prominent structural heart devices market players are ST. Jude Medical, JenaValve Technology Inc., Comed BV, Boston Scientific Corporation (US), LivaNova plc (UK), Cook Group Incorporated (US), Biometrics, Edwards Lifesciences Corporation (US), Abbott (US), W. L. Gore Associates Inc. (US), Medtronic plc (Ireland), CardioKinetix, and Endologix Inc. (US).

Global Structural Heart Devices Market: Segmental Analysis

The global structural heart devices market report has been segmented on the basis of indication, type, procedure, end-user, and region.

By mode of type, the global structural heart devices market has been segmented into occluders and delivery systems, heart valve devices, accessories, annuloplasty rings, and other devices. Among these, the heart valve devices are further sub-segmented into surgical heart valves and transcatheter heart valves. The surgical heart valves are sub-segmented into mechanical heart valves and tissue heart valves. Among these, the heart valve devices segment is considered to account for the largest market share owing to the increasing number of transcatheter aortic valve replacement procedures being performed across the world, growing number of regulatory approvals for heart valve devices, and durability and efficacy of these products.

By mode of indication, the global structural heart devices market has been segmented into cardiomyopathy, valvular heart disease, congenital heart defects, and others. Among these, the valvular heart disease has been further sub-segmented into stenosis and regurgitation.

By mode of procedure, the global structural heart devices market has been segmented into repair procedures and replacement procedures. Among these, the replacement procedures have been further sub-segmented into SAVR procedures and TAVR procedures. The repair procedures have been sub-segmented into annuloplasty, closure procedures, TMVR procedures and valvuloplasty. Among these, the replacement procedures segment is considered to hold the largest market share owing to the long-term durability of such procedures along with the widespread preference for transcatheter replacement.

By mode of end-users, the global structural heart devices market has been segmented into ambulatory surgery centers, hospitals, and others.

Regional Insights

Geographically, the structural heart devices market span across regions namely, Europe, America, Asia-Pacific, and the Middle East Africa.

The American region is thought to dominate the market for structural cardiac devices globally over all other regions. The market is expanding as a result of the rising number of operations brought on by high blood pressure, diabetes, and other causes. Additionally, rising disposable income, medical tourism, technological improvements, and increased healthcare awareness are projected to drive market expansion in this region.

Europe is considered to hold the second largest position in the global market as structural heart devices market is most prevalent in Germany. Moreover, the increasing geriatric population, rising prevalence of obesity and diabetes are influencing the market growth in this region.

Due to the rising patient population, ageing baby boomer population, and changing lifestyle, the Asia Pacific area is thought to have the fastest growing economy. Such elements are thought to provide suitable backdrops for market expansion.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com