Press release
Structural Heart Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Structural Heart Market Analysis
Market Size And Growth Forecast:
The structural heart market size has grown strongly in recent years. It will grow from $14.13 billion in 2023 to $15.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased awareness and screening, supply chain resilience, increasing healthcare expenditure, market concentration, increasing awareness of cardiovascular diseases..
The structural heart market size is expected to see strong growth in the next few years. It will grow to $20.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to demand for heart valve devices, aging population, growing burden of cardiovascular diseases, market segmentation, regional market growth.. Major trends in the forecast period include product launches, technological advancements, economic recovery, regulatory impositions, rising incidences of cardiovascular diseases, innovative medical devices..
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Market Segmentation:
The structural heart market covered in this report is segmented -
1) By Product: Occluders, Annuloplasty Rings, Heart Valve Balloons, Other Products
2) By Procedure: Heart Valve Stenosis, Heart Valve Regurgitation, Left Atrial Appendage Closure
3) By End Users: Hospitals, Ambulatory Surgical Centers, Cardiac Centers
Major Driver - Surging Prevalence Of Cardiovascular Disorders Driving Growth In The Structural Heart Market
The rising prevalence of cardiovascular disorders is expected to propel the growth of the structural heart market going forward. 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. For instance, in August 2022, according to a report published by the American College of Cardiology, a US-based non-profit medical association, In the United States, it is anticipated that all four cardiovascular risk factors will increase between 2025 and 2060. The largest percentage rise is expected in diabetes, with a 39.3% increase to 55 million individuals, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). The researchers also observed that the most substantial projected increases in cardiovascular disease rates were for stroke (33.8% to 15 million) and heart failure (33.4% to 13 million), followed by ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million). Therefore, the rising prevalence of cardiovascular disorders is driving the growth of the structural heart market.
Competitive Landscape:
Major companies operating in the structural heart market report are Abbott Laboratories, Comed BV, Medtronic plc, Labcor Laboratórios Ltda., Boston Scientific Corporation, Edwards Lifesciences Corporation, Trane Technologies, Lepu Medical Technology Co. Ltd., LivaNova PLC, Biomerics LLC, Venus Medtech (Hangzhou) Inc., Cryolife Inc., Endologix Inc., Shockwave Medica Inc., Braile Biomédica, JenaValve Technology Inc., Corvia Medical Inc, HLT Medical, On-X Life Technologies Inc., Symetis SA, Magenta Therapeutics, PASCAL Medical, Micro Interventional Devices Inc., CardioKinetix Inc, XELTIS BV, Tendyne Holdings Inc., Q'Apel Medical Inc., Neovasc Inc., NVT AG, XpandOrtho Inc., Z-Medical GmbH + Co. KG
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Top Trend - Technological Advancements Drive The Structural Heart Market
Technological advancement has emerged as a key trend gaining popularity in the structural heart market. 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Structural Heart Market Characteristics
3. Structural Heart Market Trends And Strategies
4. Structural Heart Market - Macro Economic Scenario
5. Structural Heart Market Size And Growth
…..
27. Structural Heart Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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