A Global Structural Heart Devices Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Structural Heart Devices industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Structural Heart Devices market, this study covers qualitative and quantitative aspects of the Structural Heart Devices market. In addition to historical data from 2017 to 2018, the research study provides an accurate forecast until 2027 for the Structural Heart Devices market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
The structural heart devices market is a rapidly growing sector within the medical device industry, focused on treating structural abnormalities of the heart. These devices are designed to provide minimally invasive alternatives to traditional open-heart surgeries, offering patients less invasive treatment options and faster recovery times. The market for structural heart devices is driven by several factors, including the increasing prevalence of cardiovascular diseases, technological advancements, and the growing aging population.
Cardiovascular diseases, such as heart valve disorders and congenital heart defects, are a leading cause of mortality worldwide. The rising prevalence of these conditions has created a significant demand for innovative treatment options. The global structural heart devices market size was USD 13.69 Billion in 2022 and is expected to register a steady revenue CAGR of 10.2% during the forecast period, according to latest analysis by Emergen Research.
One of the key drivers of the structural heart devices market is the continuous technological advancements in the field. Manufacturers are investing in research and development to develop innovative devices that offer improved safety, efficacy, and patient outcomes. These advancements include the development of transcatheter heart valves, which can be implanted without the need for open-heart surgery, and other minimally invasive procedures.
However, the market for structural heart devices also faces certain restraints. One of the major challenges is the high cost associated with these devices and procedures. The complex nature of the devices and the need for specialized training and equipment contribute to the overall cost. Additionally, reimbursement challenges and regulatory hurdles can impact market growth.
To gain a better understanding of the structural heart devices market, let’s look at some statistics from government organizations. According to the American Heart Association, cardiovascular diseases are responsible for approximately 17.9 million deaths globally each year, accounting for 31% of all deaths worldwide. This staggering statistic highlights the urgent need for effective treatment options, driving the demand for structural heart devices.
Now, let’s take a look at some of the latest product launches by top companies in the structural heart devices market. Edwards Lifesciences Corporation recently launched its SAPIEN 3 Ultra transcatheter heart valve system. This system offers enhanced valve performance and improved patient outcomes, providing a less invasive treatment option for patients with aortic valve stenosis.
Another notable product launch is by Medtronic plc, which introduced its Evolut PRO+ transcatheter aortic valve replacement system. This system incorporates advanced features to optimize valve performance and patient outcomes, further expanding the options available for minimally invasive heart valve replacement.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Structural Heart Devices industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Structural Heart Devices industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Structural Heart Devices industry.
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Global Structural Heart Devices Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Structural Heart Devices market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Structural Heart Devices market and pinpoint the fundamental growth trends.
Medtronic plc, Cryolife Inc., Edwards Lifesciences Corporation, Abbott Laboratories, ST. JUDE MEDICAL, Medical Technology Est, Comed BV, Koninklijke Philips N.V., and Abbott
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
Regional Segmentation:
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Key Points Covered in This Section:
- Regional contribution
- Estimated revenue generation
- Vital data and information about the consumption rate in all the leading regional segments
- An expected rise in market share
- Forecast growth in the overall consumption rate
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Product Type Segmentation & Application Segmentation:
-
Products Outlook (Revenue, USD Billion; 2019-2032)
- Delivery systems
- Heart valve devices
- Others
-
Procedure Outlook (Revenue, USD Billion; 2019-2032)
- Repair procedures
- Replacement procedures
- Others
-
Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Report Highlights:
- Besides offering a vivid depiction of the global Structural Heart Devices business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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