Press release
Structural Heart Market Size Projected To Reach $22.43 Billion By 2034 With A Cagr Of 8.8%
Structural Heart Market Size
What Is the Projected Growth of the Structural Heart Market?
In the recent past, a robust growth has been observed in the size of the structural heart market. It is predicted to escalate from a value of $14.9 billion in 2024 to reach $15.99 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this increase during the previous period encompass enhancements in awareness and screenings, fortified supply chain resilience, a rise in healthcare spending, market saturation, as well as an amplified cognizance about cardiovascular diseases.
The size of the structural heart market is anticipated to witness considerable expansion in the upcoming years. By 2029, it's predicted to increase to $22.43 billion at a compound annual growth rate (CAGR) of 8.8%. The market growth projected during this period can be ascribed to the increasing demand for heart valve devices, an aging demographic, escalating prevalence of cardiovascular diseases, market segregation, and growth of regional markets. The forecast period is also expected to observe significant trends including product launches, advancements in technology, economic revival, regulatory enforcement, increasing cardiovascular disease incidences, and the innovation of medical devices.
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What Are the Different Structural Heart Market Segments?
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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What Are the Primary Drivers Shaping the Structural Heart Market?
The growth of the structural heart market is anticipated to be driven by the increasing incidence of cardiovascular disorders. Heart and blood vessel diseases, including issues like coronary artery disease, heart failure, and stroke, are generally referred to as cardiovascular disorders. The aging population, lifestyle and dietary changes, along with escalating rates of obesity, and diabetes have contributed to the increased incidence of these disorders. Structural heart services and devices, which diagnose and treat anomalies or disorders affecting the heart's chambers, valves, and surrounding tissues, provide efficient treatment with low-risk complications via minimally invasive procedures rather than open-heart surgery. A report from the American College of Cardiology in August 2022 forecasted that all four cardiovascular risk factors will surge between 2025 and 2060 in the United States. The steepest rise is projected in diabetes cases, expected to surge by 39.3% to 55 million people, followed by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). The report also highlighted that stroke (33.8% to 15 million) and heart failure(33.4% to 13 million) are going to have the highest anticipated increases in cardiovascular disease rates, followed by ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million). Thus, the escalating occurrence of cardiovascular disorders is fueling the growth of the structural heart market.
Which Companies Are Leading in the Structural Heart Market?
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
What Are the Major Trends Shaping the Structural Heart Market?
The growth of technological innovation is increasingly being recognized as a significant trend in the structural heart market. Major players within this market are focusing their resources on developing unique and innovative products to consolidate their market position. For instance, in February 2023, Eko Health, a digital health company based in the US, unveiled the SENSORA platform for the non-invasive detection of cardiac diseases at primary care. SENSORA deploys artificial intelligence to definitively detect structural murmurs, indicative of valvular heart disease, while also employing a care pathway analytics software. This software offers downstream visibility into and metrics of a patient's journey through the healthcare system by recording and interpreting heart sounds and electrical signals using its digital stethoscopes. It is designed to support important decisions by pinpointing care gaps that can be converted into improved operational effectiveness, such as diminishing delays in care provision, shortening the duration of stay, and reducing readmission rates. This also serves to enhance the satisfaction of both patients and physicians.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Structural Heart Market?
2. What is the CAGR expected in the Structural Heart Market?
3. What Are the Key Innovations Transforming the Structural Heart Industry?
4. Which Region Is Leading the Structural Heart Market?
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