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Structural Heart Devices Market Size Estimation, Regional Outlook, Leading Players, COVID-19 Impact, Emerging Trends and Global Industry Analysis By 2023

August 17th, 2020 Market Research Future Releases

Structural Heart Devices Market Size, Growth and Share Analysis By Type (Heart Valve Devices, Annuloplasty Rings, Occluders, and Delivery Systems), Indication (Valvular Heart Disease, Cardiomyopathy), Procedure (Replacement Procedures, Repair Procedures), Global Forecast Till 2023

Structural Heart Devices Market Overview

The global structural heart devices market size is projected to grow at a CAGR of 10.4% during the review period. The growing number of structural heart diseases is projected to drive the global structural heart devices market 2020. The increasing demand for minimally invasive procedures is likely to augment the market further. Besides, the upcoming efficient reimbursement schemes are estimated to escalate market growth. Also, the rise in the rate of non-coronary heart disorders is projected to magnify the market. Furthermore, the rise in technological development and clinical trials is estimated to create lucrative opportunities for market expansion.

Moreover, the rise in research and development is projected to escalate the market. Also, several private and public organizations are likely to assure the market growth during the assessment period. The increasing development in the healthcare facility is another pivotal factor and likely to assure market growth.

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On the contrary, the high price of advanced products such as the heart valve is estimated to hamper market growth. Besides, the implementation of strict rules and regulations by the government can obstruct the market growth during the assessment period.

Structural Heart Devices Market Segmentation

The global structural heart devices market can be segmented on the basis of indication, type, end-user, procedure, and region.

  • On the basis of indication, the global structural heart devices market can be segmented into cardiomyopathy, valvular heart disease, congenital heart defects, and others
  • On the basis of type, the global structural heart devices market can be segmented into accessories, occluders and delivery systems, heart valve devices, annuloplasty rings, and other devices.
  • On the basis of end-user, the global structural heart devices market can be segmented into ambulatory surgery centers, hospitals, and others.
  • On the basis of procedure, the global structural heart devices market can be segmented into repair procedures and replacement procedures.
  • On the basis of region, the global structural heart devices market can be segmented intothe Americas, Europe, Asia-Pacific, and the Middle East and Africa.

Structural Heart Devices Market Regional Analysis

The global market is estimated to expand significantly during the review period. Geographically, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. As per the study, the global market is estimated to be dominated by the North American region. North America is estimated to procure the largest market share. The region is likely to expand due to the fast adoption of developed medical technology. Besides, the advancement in the healthcare sector is likely to propel the regional market.

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Additionally, increasing awareness is projected to augment the market further. The European market is estimated to acquire the second position. The regional market is likely to increase due to the rising number of surgeries, and the growing demand for developed surgeries procedure is projected to augment the market. Also, the region is experiencing a rise in the number of surgeries. The APAC region is estimated to witness growth in the forthcoming period. The region is witnessing a rise in demand for advanced methods. Also, the increased disposable income is another pivotal factor leading to market expansion. The MEA market is estimated to acquire a meager part of the market due to an underdeveloped healthcare structure.

Structural Heart Devices Market Key Players

The established players of the global market for structural heart devices are Medtronic plc (Ireland), Edwards Lifesciences Corporation (US), Abbott (US), and LivaNova plc (UK), Boston Scientific Corporation (US), ST. Jude Medical, Biomerics, JenaValve Technology, Inc., Comed BV, CardioKinetix, Cook Group Incorporated (US),  W. L. Gore & Associates, Inc. (US), and Endologix Inc. (US).

Browse More Healthcare Related Research Reports:

  • Botulinum Toxin Market is expected to register a CAGR of 10.3% during the forecast period, with a market value of USD 9,442.93 Million by 2025
  • The Global Animal Health Market size is expected to grow at a strong 5.7% CAGR over the forecast period from 2018 to 2023

NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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