Structural Heart Devices Market Size, Share, Trends, Industry Growth and Competitive Outlook 2028
Structural Heart Devices Market Size, Share, Trends, Industry Growth and Competitive Outlook 2028
Blog Article
"Global Structural Heart Devices Market – Industry Trends and Forecast to 2028
Global Structural Heart Devices Market, By Product (Heart Valve Devices, Transcatheter Heart Valves, Surgical Heart Valves, Occluders & Delivery Systems, Annuloplasty Rings, Accessories, Other Devices), Procedure (Replacement Procedures, Repair Procedures), Age Group (Pediatric, Adults), Indication (Atrial Septal Defect (ASD), Ventricular Septal Defect (VSD), Patent Foramen Ovale (PFO), Aortic Valve Stenosis, Others), End User (Hospitals, Ambulatory Surgical Centers), Country (U.S., copyright, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The structural heart devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 10.08% in the forecast period of 2021 to 2028 and is expected to reach USD 4,492.52 million by 2028. The rise in the prevalence of target diseases among population across the globe is escalating the growth of structural heart devices market.
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**Segments**
- By Type: The structural heart devices market can be segmented based on type into heart valve devices, annuloplasty rings, occluders, heart valve accessories, and others. Heart valve devices are further categorized into transcatheter heart valves and surgical heart valves. Annuloplasty rings are used in mitral valve repair procedures. Occluders are often employed in closing holes in the heart, such as atrial septal defects or patent foramen ovale. Heart valve accessories encompass various components used in conjunction with heart valve procedures.
- By Procedure: Procedures within the structural heart devices market include transcatheter valve repair & replacement, heart valve repair & replacement, annuloplasty, valvuloplasty, and others. Transcatheter valve repair & replacement procedures involve minimally invasive techniques to repair or replace defective heart valves. Heart valve repair & replacement procedures are more traditional surgeries requiring open-heart surgery. Annuloplasty focuses on repairing the annulus of the heart, while valvuloplasty involves the repair of a heart valve.
- By End-User: The market is segmented by end-user into hospitals, ambulatory surgical centers, and specialty clinics. Hospitals serve as the primary location for most structural heart procedures due to their advanced facilities and equipment. Ambulatory surgical centers offer a more convenient and cost-effective option for certain procedures. Specialty clinics cater to specific cardiac conditions, offering specialized care for structural heart patients.
**Market Players**
- Edwards Lifesciences Corporation: A prominent player in the structural heart devices market, Edwards Lifesciences offers a range of transcatheter and surgical heart valves, along with other products for structural heart interventions.
- Medtronic: Known for its innovative medical devices, Medtronic provides various structural heart solutions including transcatheter valves, annuloplasty rings, and occluders for heart procedures.
- Abbott: Abbott's structural heart division focuses on products like transcatheter heart valvesEdwards Lifesciences Corporation, Medtronic, and Abbott are key players in the structural heart devices market, each contributing significantly to the advancements in cardiovascular care. Edwards Lifesciences Corporation has established itself as a prominent entity in the industry, offering a diverse portfolio of transcatheter and surgical heart valves, as well as other products for structural heart interventions. The company's focus on innovation and technological advancements has enabled it to cater to a wide range of patient needs and enhance treatment outcomes in the structural heart space. Edwards Lifesciences' continuous efforts towards research and development have positioned it as a leader in the market, driving growth and expanding its market presence globally.
Medtronic, a renowned name in the medical devices sector, has also made substantial contributions to the structural heart devices market. The company's commitment to developing innovative solutions for cardiovascular disorders is evident in its range of transcatheter valves, annuloplasty rings, and occluders designed to address various heart conditions. Medtronic's emphasis on patient-centric care and cutting-edge technologies has propelled its success in the market, resonating with healthcare providers and end-users alike. By investing in research, Medtronic continues to introduce advanced products that redefine treatment approaches and improve patient outcomes in the structural heart devices segment.
Abbott, with its dedicated structural heart division, remains a key player in the market offering transcatheter heart valves and other innovative solutions for cardiac interventions. The company's focus on delivering high-quality, reliable products has garnered trust among healthcare professionals and patients seeking effective treatment options for structural heart disorders. Abbott's commitment to clinical excellence and evidence-based practices has shaped its reputation as a leading provider of cardiovascular devices, driving market growth and fostering collaborations within the healthcare industry. Through strategic partnerships and continual advancements in product development, Abbott contributes significantly to shaping the future of structural heart care.
In conclusion, the structural heart devices market is witnessing dynamic growth fueled by the contributions of key players such as Edwards Lifesciences Corporation, Medtronic**Global Structural Heart Devices Market Analysis**
- **Market Segments:**
The structural heart devices market is segmented into various categories based on type, procedure, and end-user. By type, the market includes heart valve devices, annuloplasty rings, occluders, heart valve accessories, and others. The procedural segmentation comprises transcatheter valve repair & replacement, heart valve repair & replacement, annuloplasty, valvuloplasty, and others. End-users of these devices are hospitals, ambulatory surgical centers, and specialty clinics, each serving different purposes within the structural heart care landscape.
- **Market Players:**
Key market players such as Edwards Lifesciences Corporation, Medtronic, and Abbott play a vital role in driving innovation and growth in the structural heart devices market. Edwards Lifesciences' focus on diverse product portfolios, technological advancements, and research & development efforts positions it as a leader in the industry. Medtronic's commitment to patient-centric care, innovative solutions, and research investments has propelled its success in providing transcatheter valves and other devices. Abbott's dedication to clinical excellence, high-quality products, and evidence-based practices solidifies its reputation as a trusted provider of cardiovascular solutions, contributing significantly to market expansion.
- **Industry Trends and Forecast:**
The global structural heart devices market is anticipated to witness continued growth and development, driven by factors such as increasing prevalence of cardiovascular disorders, advancements in minimally invasive procedures, growing geriatric population, and
Core Objective of Structural Heart Devices Market:
Every firm in the Structural Heart Devices Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Size of the Structural Heart Devices Market and growth rate factors.
- Important changes in the future Structural Heart Devices Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Structural Heart Devices Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Structural Heart Devices top manufacturers profile and sales statistics.
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Structural Heart Devices Market
Chapter 3: Regional analysis of the Global Structural Heart Devices Market industry
Chapter 4: Structural Heart Devices Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Regional Analysis for Structural Heart Devices Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., copyright, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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