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Rising Prevalence Of Cardiovascular Diseases And The Structural Heart Device Market: Major Factor in the Transformation of the Structural Heart Devices Market in 2025
Structural Heart Devices Market Size
The size of the structural heart devices market has seen substantial expansion in the past few years. The industry which stood at $10.41 billion in 2024 is forecasted to rise to $11.44 billion in 2025, representing a compound annual growth rate (CAGR) of 9.9%. The acceleration in this historical timeframe arises from factors such as the gravitation towards less obtrusive surgical procedures, the surge in demand for minimally invasive structural heart devices, continuous learning and development programs for healthcare practitioners, an increase in healthcare spending, and escalating patient inclination for non-surgical or slightly invasive treatment alternatives.
There is an anticipation of robust growth in the structural heart devices market in the upcoming years. The market is forecasted to swell to $16.48 billion by 2029 with a 9.6% CAGR. The predicted growth for this period is due to factors such as a rise in the elderly population, heightened awareness concerning cardiac health, initiation of screening programs, advantageous reimbursement policies for structural heart procedures, and prompt regulatory approval for novel structural heart devices. Noteworthy trends for this forecast period encompass a rise in the uptake of transcatheter valve replacement, continuous invention of breakthrough devices utilizing advanced materials, augmented focus on personalized treatment plans, a growth in the adoption of hybrid procedures and the incorporation of remote monitoring coupled with telehealth solutions.
What Key Elements Are Boosting Growth in the Structural Heart Devices Market?
The increase in cardiovascular diseases is anticipated to fuel the expansion of the structural heart device market in the future. Cardiovascular diseases (CVDs) encompass conditions that affect the heart and blood vessels, including coronary artery disease, heart attacks, and strokes. There has been a gradual global rise in such conditions, due to factors like inactive lifestyles, poor eating habits, increased obesity, smoking, and older populations. Structural heart devices can treat cardiovascular diseases by mending or replacing defective heart valves, rectifying structural flaws, and enhancing heart function as well as patient outcomes. For instance, data released by the British Heart Foundation, a UK-based cardiovascular research charity, stated that as of September 2024, about 7.6 million people in the UK are suffering from heart and circulatory diseases. This includes approximately 4 million men and 3.6 million women. These diseases account for around 27% of all deaths in the UK, resulting in over 170,000 fatalities each year, or about 480 deaths daily, which equates to a death every three minutes. Consequently, the growing occurrence of cardiovascular diseases is accelerating the expansion of the structural heart device market.
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Who Are the Major Industry Players Fueling Structural Heart Devices Market Expansion?
Major companies operating in the structural heart devices market are Abbott Laboratories, Medtronic Plc, Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences Corporation, W. L. Gore & Associates Inc., Bracco Group, LivaNova PLC, Meril Life Sciences Pvt. Ltd., CryoLife Inc., Braile Biomédica, TTK Healthcare Limited, Direct Flow Medical Inc., JenaValve Technology Inc., Micro Interventional Devices Inc., CardioKinetix Inc., Xeltis AG, Ancora Heart Inc., JOMDD Inc., Valcare Medical, BioStable Science & Engineering Inc., Comed B.V., Transcatheter Technologies GmbH, Navilyst Medical Inc.
Which Key Developments Are Influencing the Structural Heart Devices Market?
Leading players within the structural heart devices market are pioneering minimally invasive treatment methods and devices to boost patient results, diminish recuperation periods, and broaden treatment alternatives for structural heart conditions. A self-expanding transcatheter aortic valve implantation (TAVI) system, designed to lodge and secure the replacement valve within the native aortic valve structure without depending on balloon inflation, is one such device. In December 2022, for instance, Abbott Laboratories, a Company rooted in the US manufacturing medical devices and health care products, unveiled its newest transcatheter aortic valve implantation (TAVI) system, Navitor, in India. This system is custom-made for patients at high or extreme surgical risk suffering from severe aortic stenosis. Its advanced features include a distinctive design to prevent valve leakage. Navitor strengthens Abbott's structural heart transcatheter range, providing physicians and patients with minimally invasive treatment alternatives for heart diseases. It is the only self-expanding TAVI system featuring intra-annular leaflets and large frame cells, improval promoting access to coronary arteries for prospective future interventions in coronary artery disease (CAD). This innovative design further boosts hemodynamics, facilitating optimal blood flow.
How Is the Segmentation of the Structural Heart Devices Market Defined?
The structural heart devices market covered in this report is segmented -
1) By Type: Heart Valve Devices, Annuloplasty Rings, Occluders, Delivery Systems
2) By Procedure: Replacement Procedures, Repair Procedures
3) By Indication: Atrial Septal Defect, Patent Foramen Ovale, Ventricular Septal Defect, Aortic Valve Stenosis, Other Indications
4) By Age Group: Pediatric, Adults
Subsegments:
1) By Heart Valve Devices: Transcatheter Heart Valves, Surgical Heart Valves, Annuloplasty Rings
2) By Annuloplasty Rings: Mitral Annuloplasty Rings, Aortic Annuloplasty Rings
3) By Occluders: Atrial Septal Defect (Asd) Occluders, Patent Foramen Ovale (Pfo) Occluders
4) By Delivery Systems: Balloon Delivery Systems, Catheter-Based Delivery Systems
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What Is the Leading Region in the Structural Heart Devices Market?
North America was the largest region in the structural heart devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the structural heart devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Structural Heart Devices Global Market Report?
- Market Size Analysis: Analyze the Structural Heart Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Structural Heart Devices 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 Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Structural Heart Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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