Global Structural Heart Devices
Market Report
2024
Structural heart devices market was valued at USD 11.63 Billion in 2022 and will reach USD 25.47 billion by 2030, registering a CAGR of 10.3% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global structural heart devices market was valued at USD 11.63 Billion in 2022 and will reach USD 25.47 billion by 2030, registering a CAGR of 10.3% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Structural Heart Devices Market Sales Revenue 2020 | $ 11.63 Billion |
Global Structural Heart Devices Market Sales Revenue 2030 | $ 25.47 Billion |
Global Structural Heart Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 10.3% |
Market Split by Product |
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Market Split by Procedure |
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Market Split by Indication |
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Market Split by Age Group |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Structural Heart Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Structural heart/cardiac diseases (SHDs) are structural abnormalities of the heart leading to impaired functioning. They are forms of cardiovascular disease and include heart valve diseases, heart failure, coronary artery disease, hypertrophic cardiomyopathy, congenital heart disease, aortic stenosis, and mitral or tricuspid regurgitation that requires valve repair or replacement. structural heart devices such as heart valve devices, annuloplasty rings, surgical heart valves, transcatheter heart valves, occludes & delivery systems, accessories, and other devices are used to treat these disorders. For a long time, structural heart diseases were treated with open-heart surgery, but now less invasive approaches like structural heart devices such as cardiac catheterizations, Mitraclip, transcatheter aortic valve replacements & transcatheter aortic valve implantations, transcatheter mitral valve replacement, alcohol septal ablation, amplatzer septal occluder, are available for patients. There are several advantages to minimally invasive procedures including fewer complications, less blood loss, shorter procedure times, shorter hospital stays, little to no scarring, decreased pain, and faster recovery
The rising prevalence of structural heart/cardiovascular diseases, technological advancement in structural heart devices, government initiatives for R&D and innovation in structural heart devices, and increasing demand for minimally invasive treatment is boosting the growth of the structural heart devices market.
Cardiovascular disorders or structural heart diseases are the world’s second most significant cause of death according to the world health organization (WHO). Structural heart diseases include heart failure, coronary artery disease, hypertrophic cardiomyopathy, and congenital heart disease. Over the last 10 years, the medical community has generally accepted the term ‘structural heart disease’ as a category of disease. Some structural heart interventions are Ventricular Septal Defect (VSD), Atrial Septal Defect (ASD), Aortic Valve Stenosis, Patent Foramen Ovale (PFO), and other structural heart interventions. Atrial septal defect (ASD) is one of the most common congenital heart defects. The most frequently used percutaneous device to close the defect is the Amplatzer. Ventricular septal defects (VSD) represent another common congenital heart abnormality. Anatomically, VSDs can be divided into perimembranous and muscular defects, the former of which is far more frequent. Often, large VSDs are diagnosed and treated in childhood, however, smaller defects can manifest in adulthood.
As a result, numerous activities are being implemented to reduce the prevalence of cardiovascular/ structural heart disorders. One of the most common causes of heart failure is heart valve dysfunction. In severe situations, degenerative diseases of the aortic and mitral valves and disorders of defective tricuspid valves lead to proper clinical care. Interventions for structural heart disease that are minimally invasive, surgical, or catheter-based have expanded considerably in recent years. Because of the high prevalence of cardiovascular or structural heart diseases, there is strong demand for therapeutic techniques such as angioplasty and cardiac surgery for survival, which opens up prospects for companies that produce structural heart valves and Annuloplasty rings, among other devices.
New launched and technologically advanced structural heart devices such as annuloplasty rings, obturators, advanced tissue heart valves, and 3D rotational angiography improve the treatment, which fuels the market growth. Advanced CT scan equipment has a benefit to the catheter technology in the structural heart device market. Because of noninvasive measurements, cardiologists and surgeons can map out the entire coronary tree with a single CT scan. 3D rotational angiography can now be fully integrated into other imaging programs. As a result, transcatheter treatments inside the body are better visualized. A significant 3D integration will be a highly effective corrective treatment for chronic total occlusion (CTO). The adoption of modern 3D rotational angiography is rapidly boosting the demand for structural heart/ cardiac devices. It will also enable the installation of virtual stents and a visual picture of how they will alter the flow. This technology expedites the process, saves money on labor, and enhances structural heart device sales.
The launch of new products and the increasing interest of competitors in this industry is expected to boost the growth of the structural heart devices market. For instance, in February 2023 Medtronic announced the relaunch of its Harmony transcatheter Pulmonary Valve Replacement System a minimally invasive alternative to open heart surgery; also in May 2022 Abbott announced two late-breaking data presentations highlighting, a first-of-its-kind minimally invasive tricuspid heart valve repair device, and Navitor.
The high cost of technologically advanced devices is a major restraining factor for market growth. Structural heart diseases require surgery, which is a costly treatment for common people.
The expensive cost of structural heart devices also tempts customers away from the new and improved system and towards alternative systems, which negatively influences their bottom lines. The rising cost of structural heart devices plays a major role in restricting the growth of the structural heart devices market.
The global spread of the COVID-19 pandemic offers new challenges, prompting the implementation of new rules to reserve resources and safeguard the public. The postponement of non-emergent procedures has impacted an already weak population of patients with structural heart diseases and multiple comorbidities that prevented beneficial processes such as Transaortic valve replacement (TAVR), left atrial appendage closure device (LAAC), MitraClip, and CardioMEMS was among the primary strategies implemented by hospitals around the country. The Guidelines were primarily based on the avoidable clinical outcomes that occurred during the COVID-19 era. As our understanding of SARS-CoV-2 has progressed, sophisticated cardiac procedures can be performed safely with careful advanced coordination. The new guidelines released by various major cardiology societies discuss solutions to safely perform procedures to improve outcomes in a patient population with a high acuity of illness during the COVID-19 pandemic era.
On the other hand, the pandemic has disrupted healthcare facilities, and demand for different cardiovascular devices, especially structural cardiac/ heart devices, has surged dramatically due to the increased risk of infection in cardiovascular patients. Furthermore, research conducted during the epidemic indicates that effective medications increased demand for structural heart devices for patient survival.
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Medtronic announced the relaunch of its Harmony transcatheter Pulmonary Valve Replacement System
Medtronic announced the relaunch of its Harmony transcatheter pulmonary valve (TPV) system, a minimally invasive alternative to open heart surgery for congenital heart disease patients with native or surgically repaired right ventricular outflow tract (RVOT). Medtronic stated that the company worked collaboratively with the FDA to remediate the issue and earn FDA approval to return the device to market.
The new release of Philips EchoNavigator helps interventional teams treat structural heart disease with greater ease and efficiency
Royal Philips, a global leader in health technology, announced at EuroPCR the international launch of EchoNavigator 4.0, the new release of its advanced image-guided therapy solution for treating structural heart disease. The latest EchoNavigator release gives unique peri-interventional possibilities by offering a comprehensive set of automated views based on advanced 3D heart models in combination with live fusion imaging.
Abbott announced two late-breaking data presentations highlighting
Abbott announced two late-breaking data presentations highlighting both TriClip, a first-of-its-kind minimally invasive tricuspid heart valve repair device, and Navitor, the company's latest-generation Transcatheter aortic valve implantation (TAVI) system. The company also displayed new data for MitraClip and Amplatzer Amulet, two key components of the company's industry-leading structural heart portfolio.
Medtronic Announced FDA Approval of Next-Gen TAVR System for Treatment of Symptomatic Severe Aortic Stenosis
Medtronic plc, the global leader in medical technology, announced the U.S. Food and Drug Administration (FDA) approval of its new-generation, self-expanding transcatheter aortic valve replacement (TAVR) system, the Evolut™ FX TAVR system. Designed to enhance ease of use and provide greater precision and control throughout the procedure, the Evolut FX system maintains the industry-leading hemodynamic (blood flow) and durability benefits of the Evolut platform, while bringing product and procedure innovation for patients with symptomatic severe aortic stenosis.
Top Companies Market Share in Structural Heart Devices Industry: (In no particular order of Rank)
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Structural heart devices held a significant portion of the North American market. One of the main drivers of the sector is the existence of a sizable population who suffer from structural heart diseases. Early detection of structural heart disorders is made possible by the well-established healthcare infrastructure, which also includes a sophisticated and large testing network. There is also quick access to therapy available. Day by day structural heart disease is more prevalent in the middle-aged population which expects to grow the market in this region. An important secondary element that facilitates baby congenital heart disease early detection and treatment is well-established pediatric care, structured heart device R&D are the main priorities of large pharmaceutical and biotechnology businesses. Many scientific advancements enabled by a strong scientific community and research infrastructure have resulted in the invention of sophisticated, minimally invasive, and highly effective structured heart devices. The robust insurance protection system and governmental healthcare initiatives contribute to market growth.
During the projection period, strong growth is predicted in the Asia Pacific. Rising healthcare facility demand, a favorable reimbursement environment, and increased regional knowledge of structural heart diseases all favorably affect the structural heart device market. Additionally, the presence of a large population pool in this region suffering from cardiac problems helps market expansion.
The current report Scope analyzes Structural Heart Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Structural Heart Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Structural Heart Devices Industry growth. Structural Heart Devices market has been segmented with the help of its Product , Procedure Indication , and others. Structural Heart Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By product, the structural heart device market is segmented into heart valve devices, surgical heart valves, transcatheter heart valves, annuloplasty rings, occludes & delivery systems, accessories, and other devices. The market for heart valve devices is massive and continuously expanding. The continuing adoption and commercialization of innovative devices, as well as the continuously rising pool of elderly cardiovascular/structural heart disease patients primarily drive it. A growing pool of favorable clinical evidence is also bolstering demand for heart valve implants. Furthermore, the competitive landscape in this category is constantly altering, with few innovative companies being bought regularly by cash-rich and established market heavyweights. The pipeline of heart valve devices is also strong, with new long-lasting devices expected to be introduced in the future year.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Structural Heart Devices from 2019 to 2031. This will also help to analyze the demand for Structural Heart Devices across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Procedure of Structural Heart Devices are:
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Based on the indication market is segmented into Ventricular Septal Defect (VSD), Atrial Septal Defect (ASD), Aortic Valve Stenosis, Patent Foramen Ovale (PFO), and Others.
Structural heart devices are majorly used in aortic valve stenosis disease which increases the market. Aortic valve stenosis or aortic stenosis is a type of heart valve disease (valvular heart disease). The valve between the lower left heart chamber and the body's main artery (aorta) is narrowed and does not open fully. This reduces or blocks blood flow from the heart to the aorta and the rest of the body. Treatment of aortic stenosis depends on the severity of the condition. in severe condition need surgery to repair or replace the valve. Without treatment, severe aortic valve stenosis can lead to death. Aortic valve stenosis causes Congenital heart defects, Calcium build-up on the valve (aortic valve calcification), and Rheumatic fever. Due to older age, certain heart conditions present at birth (congenital heart defects), such as a bicuspid aortic valve, chronic kidney disease, Having heart diseases risk factors, (such as diabetes, high cholesterol, and high blood pressure). Furthermore, a history of infections that can affect the heart, such as rheumatic fever and infective endocarditis, History of radiation therapy to the chest increases aortic valve stenosis. Due to all these factors demand for structural heart devices increased which fuel the market growth.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Structural Heart Devices Market is witnessing significant growth in the near future.
In 2023, the Heart Valve Devices segment accounted for noticeable share of global Structural Heart Devices Market and is projected to experience significant growth in the near future.
The Replacement Procedures segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott , LNC. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Heart Valve Devices, Annuloplasty Rings, Surgical Heart Valves, Transcatheter Heart Valves, Occluders & Delivery Systems, Accessories, Other Devices |
Procedure | Replacement Procedures, Repair Procedures |
Indication | Ventricular Septal Defect (VSD), Atrial Septal Defect (ASD), Aortic Valve Stenosis, Patent Foramen Ovale (PFO), Others |
Age Group | Pediatric, Adults |
End User | Hospitals, Ambulatory Surgical Centers |
List of Competitors | Abbott, jenavalve technology, LNC., Micro Interventional Devices, medical technology EST., Boston Scientific Corporation, Livanova, Edwards Lifesciences Corporation, Braile Biomédica, Medtronic, TTK Healthcare (A TTK Group Company), Cryolife, Lepu Medical Technology |
This chapter will help you gain GLOBAL Market Analysis of Structural Heart Devices. Further deep in this chapter, you will be able to review Global Structural Heart Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Procedure Analysis 2019 -2031
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Chapter 12 Market Split by Indication Analysis 2019 -2031
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Chapter 13 Market Split by Age Group Analysis 2019 -2031
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Chapter 14 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Structural Heart Devices market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Heart Valve Devices have a significant impact on Structural Heart Devices market? |
What are the key factors affecting the Heart Valve Devices and Annuloplasty Rings of Structural Heart Devices Market? |
What is the CAGR/Growth Rate of Replacement Procedures during the forecast period? |
By type, which segment accounted for largest share of the global Structural Heart Devices Market? |
Which region is expected to dominate the global Structural Heart Devices Market within the forecast period? |
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Additional Quantitative Data |
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