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Structural Heart Market Size, Share, Growth Analysis, Drivers And Global Forecast 2023-2032
Structural Heart Market Report
The Business Research Company's Structural Heart Global Market Report 2023 identifies the rising prevalence of cardiovascular disorders as the major driver for the structural heart market's growth in the forecast period. Cardiovascular disorders are diseases that affect the heart and blood vessels and include conditions such as coronary artery disease, heart failure, and stroke. The rising prevalence of cardiovascular disorders is mostly driven by the aging population, changes in lifestyle and diet, and increasing rates of obesity and diabetes. Structural heart devices and services offer diagnosis and treatment of structural heart anomalies or disorders that affect the valves, chambers, and surrounding tissues using minimally invasive procedures performed rather than open-heart surgery for efficient treatment with lower-risk complications.
The global structural heart market size is expected to grow from $13.01 billion in 2022 to $14.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.61%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of structural heart market is expected to reach $19.12 billion in 2027 at a CAGR of 7.85%.
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Major competitors in the structural heart market are Abbott Laboratories, Comed BV, Medtronic plc, Labcor Laboratórios Ltda., Boston Scientific Corporation.
A key trend in the structural heart market includes technological advancement. Major market players operating in structural heart are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in February 2023, Eko Health, a US-based digital health company, launched the SENSORA cardiac disease detection platform for non-invasive heart disease detection to primary care. SENSORA features artificial intelligence that objectively identifies structural murmurs, a sign of valvular heart disease, and care pathway analytics software that provides downstream visibility and metrics of the patient journey through the healthcare system by capturing and analyzing heart sounds and electrical signals with its digital stethoscopes. It is intended to aid in key decision-making by detecting care gaps that may be translated into enhanced operational efficiency, such as reduced delays in care delivery, length of stay, and readmission rates, while also enhancing patient and physician satisfaction.
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The structural heart market is segmented -
•By Product: Occluders, Annuloplasty Rings, Heart Valve Balloons, Other Products
•By Procedure: Heart Valve Stenosis, Heart Valve Regurgitation, Left Atrial Appendage Closure
•By End Users: Hospitals, Ambulatory Surgical Centers, Cardiac Centers
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the structural heart market.
The Business Research Company's "Global Structural Heart Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Structural Heart Market Include:
1. Executive Summary
2. Structural Heart Market Characteristics
3. Structural Heart Market Trends And Strategies
4. Structural Heart Market - Macro Economic Scenario
5. Global Structural Heart Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Structural Heart Market Competitive Benchmarking
33. Global Structural Heart Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Structural Heart Market
35. Structural Heart Market Future Outlook and Potential Analysis
36. Appendix
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