Press release
Structural Heart Market: Surging at a CAGR of 7.3% with Market Size Predicted to Reach $15.99 billion by 2025
Structural Heart Market Size
What Is The Projected Market Size Of The Global Structural Heart Market And Its Growth Rate?
The global structural heart market has been witnessing robust growth in recent years and is expected to further expand with key market statistics as follows:
- The market size grew from $14.9 billion in 2024 to an estimated $15.99 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
- This growth was driven by increased awareness & screening, supply chain resilience, rising healthcare expenditure, market concentration, and growing awareness of cardiovascular diseases.
- The structural heart market is projected to see strong growth in the future and is expected to reach $22.43 billion by 2029 with a CAGR of 8.8%.
- Factors attributing to this growth include increasing demand for heart valve devices, an aging population, a rising burden of cardiovascular diseases, market segmentation, and regional market growth.
What Is Driving The Growth In The Structural Heart Market?
The increasing prevalence of cardiovascular disorders is a key driver for the growth of the structural heart market. Cardiovascular disorders encompass diseases affecting the heart and blood vessels, including conditions like coronary artery disease, heart failure, and stroke. The rising incidence of these disorders is primarily driven by an aging population, lifestyle and dietary changes, and increasing rates of obesity and diabetes. Structural heart devices and services provide diagnosis and treatment for structural heart anomalies affecting valves, chambers, and surrounding tissues, leveraging minimally invasive procedures. These treatments offer efficiency and lower-risk complications as compared to open-heart surgery. For example, a report published by the American College of Cardiology illustrates that all four cardiovascular risk factors are expected to increase significantly between 2025 and 2060 in the United States. Among these, the most substantial projected increases in cardiovascular disease rates were for stroke and heart failure. Hence, the rising prevalence of cardiovascular disorders is a significant factor driving the structural heart market.
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Who Are the Key Players Driving Structural Heart Market Growth?
The structural heart market's growth is driven by significant players in the field including:
- Abbott Laboratories
- Medtronic plc
- 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
- Tendyne Holdings Inc.
- Q'Apel Medical Inc.
- Neovasc Inc.
- NVT AG
- Z-Medical GmbH + Co. KG
What Are The Key Trends In The Structural Heart Market?
Key trends in the structural heart market include:
- Product launches
- Technological advancements
- Economic recovery
- Regulatory impositions
- Rising incidences of cardiovascular diseases
- Innovative medical devices
What Are The Segments Of The Global Structural Heart Market?
The global structural heart market can be segmented by:
1) Product: Occluders, Annuloplasty Rings, Heart Valve Balloons, Other Products
2) Procedure: Heart Valve Stenosis, Heart Valve Regurgitation, Left Atrial Appendage Closure
3) End Users: Hospitals, Ambulatory Surgical Centers, Cardiac Centers
Which Region Leads The Structural Heart Market?
In 2024, North America was leading the structural heart market. Asia-Pacific, however, is expected to be the fastest-growing region in the forecast period. Other regions covered in the structural heart market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Structural Heart Market Global Market Report?
- Market Size Analysis: Analyze the Structural Heart Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Structural Heart Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Structural Heart Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Structural Heart Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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