The Global Structural Heart Devices Market research report added by Emergen Research is an extensive study of the industry and includes a study of several factors that impact the growth of the market. The report is formulated by taking into consideration the government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation.
The latest report is updated with the impact analysis of the current COVID-19 pandemic on the market. The rapidly changing dynamics of the market and current and future growth potential of the market are covered in the report. The report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market.
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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.
The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the Structural Heart Devices industry for evaluation and predictive analysis.
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with the product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.
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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
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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Structural Heart Devices Snapshots
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