Press release
Structural Heart Devices Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Structural Heart Devices
The rising prevalence of cardiovascular diseases is expected to spur growth in the structural heart device market. Cardiovascular diseases, including heart attacks and strokes, are increasing globally due to unhealthy lifestyles and aging populations. Structural heart devices are used to repair damaged heart valves and correct defects. The British Heart Foundation reported in September 2024 that 7.6 million people in the UK are affected by heart and circulatory diseases, leading to the growth of the structural heart device market.
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What is the projected compound annual growth rate (CAGR) of the structural heart devices market from 2025 to 2034, and what factors influence it?
The structural heart devices market has shown robust growth and will expand from $10.41 billion in 2024 to $11.44 billion in 2025, at a CAGR of 9.9%. Contributing factors include a shift toward less invasive surgical methods, rising demand for minimally invasive heart devices, ongoing healthcare professional training, increased healthcare spending, and growing patient preference for non-surgical options.
The structural heart devices market is expected to grow to $16.48 billion by 2029, at a CAGR of 9.6%. The growth is attributed to an aging population, greater awareness of heart health, screening programs, favorable reimbursement policies, and regulatory approvals for new devices. Key trends include the adoption of transcatheter valve replacement, advanced material innovations, personalized treatment approaches, hybrid procedures, and remote monitoring integration.
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How are the latest trends influencing the growth of the structural heart devices market?
Companies in the structural heart devices market are innovating with minimally invasive devices to enhance patient outcomes and treatment options. In December 2022, Abbott Laboratories launched the Navitor, a self-expanding transcatheter aortic valve implantation (TAVI) system, in India. This system is designed to prevent valve leakage and optimize blood flow, offering a minimally invasive treatment for severe aortic stenosis and improving coronary artery access for future interventions.
What are the major segments of the structural heart devices market and their role in driving growth?
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 regions are leading the charge 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.
Who are the key firms paving the way for growth in the structural heart devices market?
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.
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What Is Covered In The Structural Heart Devices Global Market Report?
•Market Size Forecast: Examine the structural heart devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the structural heart devices market for a structured understanding.
•Key Players Overview: Analyze major players in the structural heart devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the structural heart devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the structural heart devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the structural heart devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the structural heart devices market.
•Competitive Landscape: Review strategic developments in the structural heart devices market, including expansions, agreements, and new product launches.
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