Emergen Research latest document, titled ‘Global Structural Heart Devices Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Structural Heart Devices market. The report’s authors have offered necessary details on the latest Structural Heart Devices market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Structural Heart Devices industry entails useful insights into the estimated Structural Heart Devices market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcome in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Structural Heart Devices market.
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.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Structural Heart Devices business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Structural Heart Devices market growth assessed on both regional and global levels.
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Market Scope:
One of the report’s central components is the broad Structural Heart Devices market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Structural Heart Devices market players.
Highlights of the TOC:
Report Overview
1.1 Research Scope
1.2 Key Structural Heart Devices market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Structural Heart Devices market size
2.2 Latest Structural Heart Devices market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Structural Heart Devices market key players
3.2 Global Structural Heart Devices size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Structural Heart Devices market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key geographical areas:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Leading Players Profiled in the Report:
Medtronic plc, Cryolife Inc., Edwards Lifesciences Corporation, Abbott Laboratories, ST. JUDE MEDICAL, Medical Technology Est, Comed BV, Koninklijke Philips N.V., and Abbott
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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
Key questions addressed in the report:
What are the key factors driving the global Structural Heart Devices market?
Who are the key manufacturers in this market space?
Who are the distributors, traders and dealers of this market?
What are the market opportunities and risks affecting the performance of the vendors in the global Structural Heart Devices market?
What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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