Structural Heart Market to Garner $6,406.3 Million by 2027 - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners
According to a new market research study titled ‘Structural Heart Market to 2025 – Global Analysis and Forecasts by Product, Procedure and End User. The global structural heart market is estimated to account for US$ 13,850.2Mn by 2025 as compared to US$ 6,406.3 Mn in 2017, growing at a CAGR of 10.5% during the forecast period from 2018 to 2025. The report highlights the trends prevalent in the global structural heart market and the factors driving the market along with those fact as restraint to its growth.
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The growth of the market is expected rise due to the trend of technological advancement. The technological advancements for the structural heart is growing at a speedy rate with plentiful amount of the interventions in cardiology and increase in the adoption of new cardiology surgeries such as coronary intervention and structural intervention as lower down the rate of the open heart surgeries. The transcatherter procedures have provides various advantages against the surgical intervention in the recent time and has led to improvements of patient is shorter period of time. In addition, the patients’ satisfaction has increased due to the use of less minimally invasive procedures, these procedures have reduced the surgical risks and cardio-pulmonary risks. Transcatheter aortic valve replacement (TAVR) has gathered more attention due to offering a reasonable option of treatment of degenerative aortic stenosis over last ten years. For instance, Edwards Lifesciences’s Edwards Sapien valve was under the studies in the PARTNER trial. This valve was made up of a bovine pericardial tissue valve and was sutured on a cobalt chromium stent scaffold. The stent allowed the valve to be folded to a lower profile to maintain the structural and radial support once it is expanded.
Key industry players operating in the field of structural heart across the globe include Abbott, Medtronic, Boston Scientific Corporation, CryoLife Ins, Edwards Lifesciences Corporation, LivaNova Plc, Lepu Medical, Braile Biomedica, Labcor Laboratorios Ltda, Aran biomedical Teornta among others.
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By Product
· Occluders
· Annuloplasty Rings
· Heart Valve Balloons
· Others
By Procedure
· Surgical Aortic Valve Replacement
· Transcatheter Aortic Valve Replacement
· Mitral Repair
· Left Atrial Appendage Closure
By End User
· Hospitals
· Ambulatory Surgical Centers
· Cardiac Centers
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