Press release
Global Structural Heart Devices Market valued at $6.6 billion in 2021, is projected to witness a CAGR of 10% by 2026 - Rapid Growth in the Cases of Structural Heart Diseases
Asia-Pacific Market to Witness a Strong Growth by 2026
The growth of the structural heart devices market in Asia-Pacific region is likely to be driven by developing countries such as China and India. Considering the healthy growth prospects of the structural heart devices market in APAC region, all leading companies have expanded their footprint in this region.
Transcatheter Mitral Valve Replacement Systems (TMVR), Tricuspid Valve Repair and Tricuspid Valve Replacement Systems Likely to Open Up New Growth Opportunities in Structural Heart Devices Market
In the segment of structural heart disease, interventional treatment for mitral regurgitation is one of the most challenging areas but showcases a great market potential. Mitral valve regurgitation is the most common type of heart valve disease in which the valve between the left heart chambers does not close completely, thus allowing blood to leak backward across the valve.
Similarly, tricuspid regurgitation is a highly prevalent but rarely treated disease. It occurs when the valve's flaps do not close properly. As a result, blood can leak backward into the atrium from the leaky tricuspid valve, thus causing the heart to pump harder to move blood through the valve. Tricuspid regurgitation affects more than 2 million patients in United States and represents a large, unmet clinical need.
"The clinical demand for treatment of severe aortic stenosis is expected to increase due to the growing aging population in China. Because of the advantages of minimally invasive procedure & quick recovery, transcatheter aortic valve replacement (TAVR) is fast-emerging as a suitable option for several elderly patients in China." -Academician & Director, Leading Cardiology Hospital, China
Citing the healthy growth prospects and unmet needs of the structural heart devices market, all leading players operating in the global market are launching innovative medical devices to address the market demand.
For instance,
• In January 2022, InnovHeart SRL, a developer of novel Transcatheter Mitral Valve Replacement (TMVR) systems for the treatment of mitral valve disease raised $55 million in Series C financing to further develop the Trans-septal Saturn Transcatheter Mitral Valve Replacement System.
Competitive Landscape Analysis: Structural Heart Devices Market
The global structural heart devices market is marked by the presence of established market players such as Edwards Lifesciences, Medtronic, Boston Scientific, Abbott, SMT, TTK Healthcare, Micro Interventional Devices (MID) Lepu Medical, Microport, CORCYM, among others.
Growth Strategies Adopted by Market Players to Establish Their Foothold in Structural Heart Devices Market
The structural heart devices market is marked by the presence of both established and new market players. Players operating in the global market have adopted both organic and inorganic growth strategies such as acquisitions, collborations and new product launches to garner a higher market share.
For instance,
• In February 2022, Genesis MedTech Group completed the acquisition of JC Medical (JCM), a structural heart company engaged in the design and development of transcatheter valve replacement products for the minimally invasive treatment of structural heart diseases. The acquisition adds J-Valve, a minimally invasive transcatheter aortic valve replacement (TAVR) device for both aortic regurgitation and stenosis patients, to Genesis product portfolio and significantly improves the Group's ability to better meet the needs of patients, interventional cardiologists, and cardiac surgeons.
The structural heart devices market is expected to continue its growth in the upcoming years due to rising cardiovascular cases, ample growth opportunities opening up in the APAC region, technological advancements in structural heart devices market and favourable reimbursement in key market regions.
Get Detailed Insights on Structural Heart Devices Market with a Sample Report PDF @ https://meditechinsights.com/structural-heart-devices-market/
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
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