Press release
Structural Heart Market Set to Reach $22.43 Billion by 2029 with 9% Yearly Growth
Structural Heart Market
The structural heart market is expected to grow in response to the escalating prevalence of cardiovascular disorders. These disorders affect the heart and blood vessels, with diseases like coronary artery disease, heart failure, and stroke being some of the conditions. The primary drivers for the rising prevalence of cardiovascular diseases are an aging population, changes in lifestyle and diet, and increasing obesity and diabetes rates. Structural heart devices and services provide diagnosis and treatment for structural heart irregularities or disorders impacting the valves, chambers, and surrounding tissues using minimally invasive procedures instead of open-heart surgery, thus enhancing treatment efficiency with lesser risk. For example, in a report released by the American College of Cardiology in August 2022, it is expected that all four cardiovascular risk factors in the United States will escalate between 2025 and 2060. The largest anticipated rise is in diabetes, with an increase of 39.3% 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). Projections show that the rates of stroke (33.8% to 15 million) and heart failure (33.4% to 13 million) are expected to rise significantly, with ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million) following. Consequently, the rising prevalence of cardiovascular disorders is propelling the structural heart market's growth.
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What Is the projected market size and growth rate for the structural heart market?
The size of the structural heart market has seen solid growth in the last few years. Its worth will escalate from $14.9 billion in 2024 to $15.99 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 7.3%. The substantial growth that occurred in the historic period can be tied to several factors including heightened awareness and screening, resilience in the supply chain, rising healthcare costs, market intensification, and growing understanding of cardiovascular diseases.
The size of the structural heart market is forecasted to experience significant growth in the forthcoming years. The market is anticipated to expand to $22.43 billion in 2029, with a compound annual growth rate (CAGR) of 8.8%. The projected expansion during the forecast period is due to factors such as an increase in demand for heart valve devices, an aging population, a rising prevalence of cardiovascular diseases, market segmentation, and growth in regional markets. Key trends during the forecast period encompass new product introductions, advancements in technology, economic recovery, regulatory mandates, escalating occurrences of cardiovascular diseases, and the emergence of innovative medical devices.
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What are the emerging trends shaping the future of the structural heart market?
The rise of technological innovation has become a major trend in the structural heart market, growing in prevalence as major players in the field focus on the development of novel products to consolidate their market dominance. For example, Eko Health, a digital health firm headquartered in the US, introduced the SENSORA cardiac disease detection platform in February 2023. The platform, which offers non-invasive detection of heart disease to primary care providers, utilizes artificial intelligence to accurately identify structural murmurs indicative of valvular heart disease. Furthermore, it provides care pathway analytics software that delivers insights and metrics on the patient journey through the healthcare system, leveraging data gathered and analyzed from heart sounds and electric signals captured via digital stethoscopes. The ultimate goal is to facilitate informed decision making by identifying areas of potential improvement in healthcare delivery, such as minimizing care delivery delays, hospital stay length, and readmission rates, which in turn improves patient and physician satisfaction.
What major market segments define the scope and growth of the structural heart market?
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
Subsegments:
1) By Occluders: Atrial Septal Defect (ASD) Occluders, Patent Foramen Ovale (PFO) Occluders, Ventricular Septal Defect (VSD) Occluders
2) By Annuloplasty Rings: Rigid Annuloplasty Rings, Flexible Annuloplasty Rings, Adjustable Annuloplasty Rings
3) By Heart Valve Balloons: Balloon Expandable Heart Valve Systems, Valvuloplasty Balloons
4) By Other Products: Transcatheter Heart Valves, Structural Heart Imaging Devices, Delivery Systems For Structural Heart Procedures
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Which region dominates the structural heart market?
North America was the largest region in the structural heart market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the structural heart market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the structural heart industry growth?
Major companies operating in the structural heart market include 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
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What Is Covered In The Structural Heart Global Market Report?
• Market Size Forecast: Examine the structural heart market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the structural heart market for a structured understanding.
• Key Players Overview: Analyze major players in the structural heart market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the structural heart market.
• Segment Contributions: Evaluate how different segments drive overall growth in the structural heart market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the structural heart market.
• Industry Challenges: Identify potential risks and obstacles affecting the structural heart market.
• Competitive Landscape: Review strategic developments in the structural heart market, including expansions, agreements, and new product launches.
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