Market Research Future (MRFR) has published a detailed report stating the Structural Heart Devices Market is marked to expand remarkably at a CAGR of 10.4% during the forecast period of 2017-2023. Global Clinical Practice Management Software Information, By Mode Of Delivery (On-Premise And Cloud Based), By (Hospitals, Clinics, Laboratories, Others) – Forecast Till 2023
Key Players
Key players profiled in the structural heart devices market include W. L. Gore & Associates, Inc. (US), Endologix Inc. (US)., CardioKinetix, Cook Group Incorporated (US), JenaValve Technology, Inc., Comed BV, ST. Jude Medical, LivaNova plc (UK), Boston Scientific Corporation (US), Abbott (US), Medtronic plc (Ireland), and Edwards Lifesciences Corporation (US).
The Global Structural Heart Devices Market is gaining enough weightage and is eyeing to grow at a phenomenal 10.4% CAGR over the predicted years (2018-2023) owing to uncompromising increase in aortic stenosis, mitral regurgitation and other heart related ailments. Structural heart diseases simply put refer to the cardiac defects that happens by birth which means it is congenital by nature and involves the abnormalities that takes place in the heart vessels and valves due to wear or tear resulting from some diseases.
This is a non-coronary heart abnormality that does not impact the heart’s blood vessels. The common structural heart condition includes congenital heart disease, venous/arterial fistulae, paravalvular leak, and ventricular septal defect, patent foramen oval and atrial septal defect.
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Industry News:
Dec 2018– Keystone Heart is all set to enroll patients in the United States for testing the efficacy of the TriGuard 3 product. It is waiting for an approval from the FDA by the end of 2019 and is also expecting the CE Mark approval.
In September 2018, 4C Medical Technologies, a medical device company, raised USD 17 Mn for the development of minimally invasive therapies for structural heart diseases.
In September 2018, BTG, a U.K.-based healthcare company, acquired Irish medical devices developer, Novate Medical, for strengthening its position in the vascular market.
Intended Audience
- Hospitals
- Healthcare corporations
- Cardiac surgery centers
- Structural heart device distributors
- Medical service providers
- Manufacturers of structural heart devices
- Structural heart surgeons
Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the structural heart devices market on the basis of type, indication, procedure and end-user.
Based on type, it is segmented into accessories, annuloplasty rings, delivery systems, occluders, heart valve devices and others. The heart valve devices are further segmented into surgical heart valves and transcatheter heart valves. The surgical heart valves are again segmented into mechanical heart valves and tissue heart valves. Of these, the heart valves devices is anticipated to grow at the highest CAGR over the predicted years.
Based on indication, the structural heart devices market is segmented into congenital heart defects, cardiomyopathy, valvular heart disease and others. The valvular heart disease is further segmented into stenosis and regurgitation. Of these, valve regurgitation is expected to grow at a favorable CAGR.
Based on procedure, it is segmented into repair procedures and replacement procedures. The replacement procedures are segmented into SAVR procedures and TAVR procedures. The repair procedures are further segmented into TMVR procedures, valvuloplasty, annuloplasty and closure procedures. Of these, the replacement procedures will have the maximum share in the market.
Based on end-users, the structural heart devices market is segmented into ambulatory surgery centers, hospitals and others. Of these, hospitals will have the largest share.
Regional Insights
Geographically, the structural heart devices market span across regions namely, Europe, America, Asia-Pacific, and the Middle East & Africa.
Among all the regions, the American region is considered to lead the global structural heart devices market. The increasing rate of surgeries due to high blood pressure, diabetes, and other factors contribute to the growth of the market. Moreover, growing healthcare awareness, medical tourism, technological advancements, and rising disposable income are likely to fuel the market growth in this region.
Europe is considered to hold the second largest position in the global market as structural heart devices market is most prevalent in Germany. Moreover, the increasing geriatric population, rising prevalence of obesity and diabetes are influencing the market growth in this region.
The Asia Pacific region is considered to be the fastest growing region owing to the increasing patient population, growing elderly population, and changing lifestyle. Such factors are considered to offer favorable backgrounds to the market growth.
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Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Structural Heart Devices Market, By Type
Chapter 7. Global Structural Heart Devices Market, By Indication
Chapter 8. Global Structural Heart Devices Market, By Procedure
Chapter 9. Global Structural Heart Devices Market, By End-Users
Chapter 10. Global Structural Heart Devices, By Region
Chapter 11. Company Landscape
Chapter 12. Company Profiles
Chapter 13 MRFR Conclusion
Chapter 14. Appendix
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