June 11, 2021
According to the report titled ‘Structural Heart Devices Market Insights, Competitive Landscape and Market Forecast-2026’, available with Market Study Report, global structural heart devices market is slated to grow at rapid pace during 2018-2026.
Increase in occurrence of structural heart diseases, technological advancements, development of novel repair instruments, and preference for minimally invasive techniques are catalyzing the growth of global structural heart devices market.
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Notably, structural heart disorders are basically heart abnormalities that occur due to excessive wear & tear or are congenital heart defects. Technological research and developments have helped substantially in treating structural heart defects with sophistication. Traditionally carried out open heart surgeries have been reduced considerably and procedures involving lesser incisions are gaining traction as they largely reduced the risk and offer speedy recovery.
Moreover, structural heart treatments are carried out with assistance of small tubes known as catheters. Advanced procedures allow valves to be passed through catheters in a compressed state and eventually expand when they reach their designated location to be fully functional.
As per the report, major barriers suppressing the growth of worldwide structural heart devices industry are strict regulations for proving long term efficacy, along with government-imposed taxes, and high prices.
Based on product terrain, structural heart devices market is classified as occluders, annuloplasty rings, heart valve balloons, and others. Talking about procedure type, the market is segmented as left atrial appendage closure, mitral repair, transcatheter aortic valve replacement, surgical aortic valve replacement, and others. While the end users in structural heart devices market are hospitals, ambulatory surgical centers, and cardiac centers
From regional frame of reference, U.S., Germany, Italy, Spain, France, U.K., and Japan are thoroughly studied to observe the structural heart devices market growth trends over 2018-2026.
On the competitive front, St. Jude Medical Inc., Medtronic plc, Micro Interventional Devices Inc., CardioKinetix Inc., Braile Biomédica, LivaNova plc, Edwards Lifesciences Corporation, CryoLife Inc., JenaValve Technology Inc., Comed B.V., Corvia Medical Inc., Biomerics LLC, Boston Scientific Corporation, and Lepu Medical Technology (Beijing) Co. Ltd. are the leading companies in structural heart devices industry.