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Surging Prevalence Of Cardiovascular Disorders Driving Growth In The Structural Heart Market: Powering Innovation and Expansion in the Structural Heart Market by 2025
Structural Heart Market
What Is the Expected CAGR for the Structural Heart Market Through 2025?
The size of the structural heart market has experienced robust growth in the past few years. The market, which was valued at $14.9 billion in 2024, is expected to increase to $15.89 billion in 2025, advancing at a compound annual growth rate (CAGR) of 6.6%. The factors contributing to the growth during the historic period include enhanced awareness and screening, resilient supply chains, higher healthcare spending, market consolidation, and a growing understanding of cardiovascular diseases.
What's the Projected Size of the Global Structural Heart Market by 2029?
The size of the structural heart market is forecasted to experience robust growth in the upcoming years. The market is projected to reach an impressive $22.48 billion by 2029, expanding at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth during the forecast period can be ascribed to factors including the increasing demand for heart valve devices, an aging population, the escalating impact of cardiovascular diseases, market classification, and regional market expansion. Crucial trends predicted to shape the forecast period encompass the launch of new products, technological progression, economic recuperation, regulatory guidelines, increasing occurrences of cardiovascular maladies and the introduction of groundbreaking medical devices.
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Top Growth Drivers in the Structural Heart Industry: What's Accelerating the Market?
The escalating occurrence of cardiovascular disorders is likely to drive the structural heart market's growth in the future. These disorders, which impact the heart and blood vessels and encompass diseases like heart failure, coronary artery disease, and stroke are on the rise, primarily due to an ageing population, changes in lifestyle and diet, and growing incidences of obesity and diabetes. Structural heart tools and services, opting for minimally invasive procedures instead of extensive open-heart surgeries, contribute to efficient treatment with fewer complications of heart abnormalities involving the valves, chambers and surrounding tissues. For example, as per a report by the American College of Cardiology, a non-profit medical association based in the US, projected in August 2022, it is foreseen that all four cardiovascular risk factors in the US will see an upward curve between 2025 and 2060. The largest predicted increase is in diabetes, with a growth of 39.3% to 55 million, succeeded by dyslipidemia (27.6% to 126 million), hypertension (25.1% to 162 million), and obesity (18.3% to 126 million). The study also reported that the most significant anticipated surges in cardiovascular disease rates were foreseen in stroke cases (33.8% to 15 million) and heart failure (33.4% to 13 million) alongside ischemic heart disease (30.7% to 29 million) and heart attack (16.9% to 16 million). As a result, the escalating occurrence of cardiovascular disorders is spurring the expansion of the structural heart market.
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What Trends Will Shape the Structural Heart Market Through 2029 and Beyond?
The evolution of technology is becoming a prominent trend in the structural heart market. Top companies actively involved in the structural heart sector are focusing on devising innovative products to solidify their market presence. One such example is Eko Health, an American digital health corporation, which in February 2023 introduced the SENSORA cardiac disease detection platform for non-invasive heart disease screening at primary care level. SENSORA is equipped with artificial intelligence capable of detecting structural murmurs - an indicator of valvular heart disease - and has care pathway analytics software, which gives a detailed insight into a patient's journey through the healthcare system by capturing and analyzing heart sounds and electrical signals through its digital stethoscopes. This technology can assist in significant decision-making by identifying care gaps, potentially leading to improved operational efficiency, such as decreased delays in care delivery, hospital stay duration, and readmission rates. In addition, it aims to enhance the satisfaction levels of both patients and physicians.
What Are the Main Segments in 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 Top Companies are Driving Growth 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
Which Regions Will Dominate the Structural Heart Market Through 2029?
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.
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