Global Structural Heart Devices Market research report delivers a comprehensive analysis of the market outlook, regulatory framework, and macro- and micro-economic factors influencing the growth of the market. The report is formulated through extensive research and surveys to offer accurate and authentic information about the market size, market share, product portfolio, revenue generation, and projected market growth. The report offers key insights into the competitive and regional landscape of the market to assist the stakeholders and investors in formulating strategic business plans.

The report also assesses the current market scenario of the Structural Heart Devices business sector with regard to the impact of the COVID-19 pandemic on the market. The report is furnished with the current details and changes in the demand and trends relating to the COVID-19 crisis. The pandemic has brought dynamic changes in the major segments of the market. The report covers the present and future impact of the COVID-19 crisis and offers insights into the post-COVID-19 economic scenario.

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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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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

Key manufacturers and vendors are profiled extensively, including their product portfolios, production capacity, gross margins, revenues, and costing. The report also includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. The report also provides profiles of key competitive players and their strategies and operating procedures. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period.

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
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. UK
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of Middle East & Africa

 

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 points covered in the report:

  • A detailed outlook of the market with essential data beneficial for business
  • Market segmentation based on product types, applications, and end-users. For further understanding, the key segments are further divided into sub-segments
  • Growth factors, driving and restraining factors, product trends, and technological advancements are extensively discussed
  • Latest product developments, incorporation of new techniques and profiles of major competitors
  • An 8-year forecast estimation detailing the growth and expansion scope of the Structural Heart Devices market
  • In-depth analysis of the historical years (2017-2018) and forecast period (2020-2027)
  • Market dynamics with information of players, challenges, restraints, threats, and opportunities
  • SWOT analysis and Porter’s Five Forces analysis of the top vendors

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Structural Heart Devices Snapshots

 

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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