The structural heart devices market In the projection period of 2022 to 2028, the market is expected to increase. According to Zion Market Research, the market is predicted to increase at a CAGR of 10.08 percent from 2022 to 2028, reaching USD 4,492.52 million by that time. The rise in the prevalence of target diseases among the global population is propelling the structural cardiac devices market forward.
Patients with structural and functional abnormalities of heart valves, proximal great vessels, and cardiac chambers are treated with structural and functional abnormalities of the heart valves, proximal great arteries, and cardiac chambers. These problems can be seen from birth, but they can also develop later in life due to wear and tear.
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The structural heart devices market is being driven by the rising prevalence of various structural heart diseases, the surge in expanded indication approval for various transcatheter structural heart products, and the growing geriatric population suffering from various types of degenerative valvular heart diseases. The structural heart devices market is growing due to an increase in demand for highly efficient procedures among people, an increasing inclination toward minimally invasive structural heart therapeutic products from the value-centric patient population, and an increase in research and development spending for developing innovative and technologically advanced products. The structural heart devices market is influenced by the increasing popularity of annuloplasty repair devices, valvuloplasty devices, and occluders, among other devices, as well as the high utilisation of various structural heart therapeutic products for the numerous and varied types of structural heart diseases among patients and the introduction of technologically advanced structural heart products with better therapeutic outcomes.
Furthermore, the structural heart devices market benefits from an increase in the global patient pool, rising need for better healthcare facilities, advantageous reimbursement scenarios, and increased knowledge about structural heart diseases. Furthermore, in the forecast period of 2022 to 2028, percutaneous procedures, the introduction of tissue-engineered heart valves, and the approval of TAVR for expanded indications provide profitable opportunities for structural heart devices market players.
Low affordability and inaccessibility of cardiac procedures in emerging economies, on the other hand, are likely to stymie the structural heart devices market’s expansion. In the forecast period of 2022 to 2028, the structural heart devices market is expected to face challenges due to a shortage of experienced professionals.
Market Scope and Size for Structural Heart Devices
The market for structural cardiac devices is divided into two categories: product and application. The growth of these sectors will assist you in analysing meagre growth segments in the industries, as well as give users with a comprehensive market overview and industry insights to aid them in making strategic decisions for core market application identification.
● On the basis of product, the structural heart devices market is segmented into heart valve devices, transcatheter heart valves, surgical heart valves, occluders and delivery systems, annuloplasty rings, accessories and other devices. Surgical heart valves are further segmented into tissue heart valves and mechanical heart valves.
● On the basis of application, the structural heart devices market is segmented into Atrial Septal Defect, Aortic Valve Stenosis, Patent Foramen Ovale, Ventricular Septal Defects, Mitral Regurgitation, And Others
Analysis of the Global Structural Heart Devices Market at the Country Level
The countries covered in the global structural heart devices market report are the United States, Canada, and Mexico in North America, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, and the Philippines, and the Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, the United Arab Emirates, South Africa, Egypt, Israel.
Because of the propensity for less invasive procedures and the rising rate of endovascular procedures in the region, North America dominates the structural cardiac devices market. Because of improved newborn screening programmes, increased population knowledge of cardiac illnesses, and improved healthcare access, Asia-Pacific is predicted to have the greatest CAGR in the projection period of 2022-2028.
Infrastructure development in healthcare Penetration of New Technology and Installed Base
The structural heart devices market also offers detailed market analysis for each country, including growth in healthcare capital expenditure, installed base of various types of structural heart devices, impact of technology using life line curves, and changes in healthcare regulatory scenarios and their impact on the structural heart devices market. The data is provided for the years 2011 through 2019.
Market Share Analysis of Structural Heart Devices and Competitive Landscape
The competitive landscape for structural cardiac devices gives information per competitor. Company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance are among the details included. The information presented above is only about the firms’ concentration on the structural cardiac devices industry.
The major players covered in the structural heart devices market report are Micro Interventional Devices, Inc., Braile Biomédica, Lepu Medical, TTK HealthCare, Abbott, Medtronic, Edwards Lifesciences Corporation, Boston Scientific Corporation, CryoLife Inc., LivaNova PLC, Cook Group, Endologix Inc., W. L. Gore & Associates, Inc., Medical Technology Est., JenaValve Technology, Inc., Integer Holdings Corporation, Comed B.V., Biomerics, Dynaflex, Cardiac Dimensions Pty. Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. Zion analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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