New York, NY, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Structural Heart Devices Market by Product Type (Heart Valve Devices, Occluders and Delivery Systems, Annuloplasty Rings, and Accessories), by Indication (Atrial Septal Defect (ASD), Patent Foramen Ovale (PFO), Ventricular Septal Defect (VSD), and Aortic Valve Stenosis), and by End-User (Hospitals, Ambulatory Surgical Centers, and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025”. According to the report, the global structural heart devices market was valued at approximately USD 8,858 million in 2018 and is expected to generate around USD 17,152 million by 2025, at a CAGR of around 9.9% between 2019 and 2025.
Structural heart devices are used to maintain the normal structure of a human heart. Due to the various congenital defects and cardiovascular infections, heart muscles lose their shape. This, in turn, affects the normal functioning of the heart. Common heart structural diseases include atrial septal defects, patient foramen ovale, Paravalvular leak, etc. These devices can be placed through minimally invasive procedures, whereas a few cases need open heart surgery. Minimally invasive surgeries have reduced the risk and decreased the recovery time.
Browse through 54 Tables & 15 Figures spread over 110 Pages and in-depth TOC on “Global Structural Heart Devices Market: By Type, Size, Industry Share, Market Segments, Analysis Report and Forecast, 2019—2025”.
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One of the major factors likely to drive the structural heart devices market globally in the future is the constant increase in the prevalence of congenital heart defects. As per the Centers for Disease Control and Prevention 2018 report, there were around 40,000 infants diagnosed with congenital heart defects in the U.S. Moreover, there is a constant increase in the demand of minimally invasive surgeries coupled with an increased recovery rate. Furthermore, substantial increase related to technological advancements and research and development activities has resulted in the introduction of innovative products, thereby promoting the structural heart devices market growth in the future. However, the high cost of these devices and the enforcement of stringent legislation governing the approval of new devices might hamper the structural heart devices market over the estimated time span.
The global structural heart devices market is classified on the basis of product type, indication, and end-user. By product type, the structural heart devices market includes heart valve devices, occluders, and delivery systems, annuloplasty rings, and accessories. Heart valve devices are expected to dominate the structural heart devices market in the upcoming years. By indication, the structural heart devices market is segmented into atrial septal defect (ASD), patent foramen ovale (PFO), ventricular septal defect (VSD), and aortic valve stenosis. By end-user, the structural heart devices market is segmented into hospitals, ambulatory surgical centers, and others.
North America is expected to dominate the structural heart devices market globally over the forecast time period, owing to the presence of developed economies, such as U.S. and Canada. These developed economies have introduced advanced healthcare facilities and infrastructure, which is likely to fuel the structural heart devices market in these countries in the future. Furthermore, the increasing demand for minimally invasive procedures to mitigate any kind of risk and improve the recovery process is expected to promote the North American structural heart devices market in the future.
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Europe is expected to be the second largest growing region over the forecast time period in the structural heart devices market in the upcoming years. This can be attributed to the various technological advancements and an increase in research and development activities witness across the region. Furthermore, these activities help manufacturers in manufacturing and launching new and innovative products in the market for the benefits of their customers.
The Asia Pacific region is expected to be the third largest and the fastest growing market for structural heart devices over the estimated time period, owing to the increased product awareness among the people. Moreover, there are various initiatives and programs run by the government to create product awareness and provide treatment to patients at economic costs. Furthermore, improvement in healthcare facilities and increased per capita income of the regional population are expected to promote the structural heart devices market in the Asia Pacific region over the estimated timeframe.
Browse the full “Structural Heart Devices Market by Product Type (Heart Valve Devices, Occluders and Delivery Systems, Annuloplasty Rings, and Accessories), by Indication (Atrial Septal Defect (ASD), Patent Foramen Ovale (PFO), Ventricular Septal Defect (VSD), and Aortic Valve Stenosis), and by End-User (Hospitals, Ambulatory Surgical Centers, and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025” Report at https://www.zionmarketresearch.com/report/structural-heart-devices-market
The Latin American and the Middle Eastern and African markets are anticipated to grow moderately in the future, owing to lack of product awareness, favorable government initiatives to increase awareness among the people, and with improvements in the healthcare sector.
Some major market players of the global structural heart devices include Abbott Laboratories, Medtronic Plc., Endologix Inc., LivaNova Plc., Boston Scientific Corporation, CryoLife Inc., Cook Group Incorporated, Edwards Lifesciences Corporation, and W. L. Gore & Associates, Inc., among others.
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This report segments the global structural heart devices market into:
Global Structural Heart Devices Market: Product Type Analysis
- Heart Valve Devices
- Occluders and Delivery Systems
- Annuloplasty Rings
- Accessories
Global Structural Heart Devices Market: Indication Analysis
- Atrial Septal Defect (ASD)
- Patent Foramen Ovale (PFO)
- Ventricular Septal Defect (VSD)
- Aortic Valve Stenosis
Global Structural Heart Devices Market: End-User Analysis
- Hospitals
- Ambulatory Surgical Centers
- Others
Global Structural Heart Devices Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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