Structural Heart Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Structural Heart Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Structural Heart Devices Market: Snapshot

The world structural heart devices market has recently witnessed the best of collaborations yet. The ‘heart-brain company partnership’ between Venus Medtech, a heart valve maker, and Keystone Heart, an embolic cerebral protection devices leader, has caught the attention of other players in the market. The two medical device companies have come in agreement on an Asian TAVR stroke partnership deal. 

Keystone Heart aspires to make its presence known in the structural heart domain, which is currently growing on a fast track, through the partnership. Likewise, the Chinese heart valve maker looks to exploit its emphasis on patient safety and commitment to brilliance and the collaboration to lead the market for structural heart therapies. In this regard, Venus Medtech is predicted to differentiate itself while covering all TAVR patients with brain protection. Venus Medtech is hoping that its TAVR system would be the first device to win approval from China Food and Drug Administration (CFDA). 

It is hardly possible to find such a distinctive combination where the TAVR system provided by Venus Medtech could be supported by the TriGuard cerebral embolic protection device by Keystone Heart to avoid brain injury risk during TAVR operations. 

A total of 51 TAVR patients treated with TriGuard were reported with a device placement rate of 100.0% and 80.0% reduction in brain lesions in comparison with that of only 32.0% reduction in patients who were not treated with the embolic deflection device. The results were procured from a real-world study.

Global Structural Heart Devices Market: Overview 

The structural heart devices market has gained weightage in the recent years due to the uncompromising rise in mitral regurgitation, aortic stenosis, and other related heart diseases. The demand has surged remarkably on the back of innovative repair gadgets such as occluders and annuloplasty rings and technologically sophisticated methods such as transcatheter mitral valve repair (TMVR) and transcatheter aortic valve replacement (TAVR). Since structural heart diseases are a non-coronary heart problem, they do not upset the blood vessels in the heart. However, they can grow lethal if not treated timely. Most structural heart diseases are congenital, but erupt later in life with the wear and tear because of infection. 

Global Structural Heart Devices Market: Key Trends 

Apart from the increase in the number of patients with structural heart diseases, the improved expectancy and quality of life proved true with the advancement in technology are prognosticated to spur growth in the world structural heart devices market. Today, aortic regurgitation can be easily tackled with the assurance of improved quality of life through the use of tissue valves for aortic valve replacement.

However, stringent approval process and high cost and risk involved in the treatments that employ structural heart devices could rein in the progress of the global structural heart devices market. Nonetheless, the roaring demand for enduring and quick treatment procedures amongst the geriatric population and high focus on research and development by key players are envisaged to roll back the growth in the structural heart devices market. 

Global Structural Heart Devices Market: Market Potential 

Medical device incorporations such as Harpoon Medical are looking to invest in experienced professionals for a successful changeover from a clinical stage firm to a commercial company. Moreover, setting up a talented workforce will allow them to get possession of the important CE Mark approvals and outstretch their clinical programs portfolio to lucrative structural heart devices markets such as the U.S. and Europe.

With innovations in transcatheter heart valves and extensive investments in transformational therapies and their research and development, Edwards Lifesciences will look to shore up its transcatheter aortic valve replacement (TAVR) leadership. Recalling its Lotus and next-generation Lotus Edge technologies for TAVR recently, owing to locking mechanism issues, Boston Scientific Corp is expected to suffer a setback in the global structural heart devices market. 

At a year, those patients who adopted TAVR are researched to exhibit better health conditions, as per the statistics procured by an observational cohort review, with noticeable health improvements in mere 30 days. As a result, the high implementation of TAVR is predicted to lay a robust foundation for the world structural heart devices market to grow effectually during the course of the forecast period.

Global Structural Heart Devices Market: Regional Outlook 

With a horde of patients swarming cardiovascular health centers for mitral valve replacement and repair surgeries, there is a dire need created for novel technologies to treat heart defects. With approvals received for TAVR in both the U.S. and Europe, the demand in the international structural heart devices market has augmented even more. 

While enhancing healthcare infrastructure and improving disposable income could have primarily pushed up the structural heart devices market in the MEA, major players are anticipated to find other doors for penetration. Of these are the rising requirement for structural heart disease treatment devices and shortfall of healthcare facilities. Developing structural heart devices markets such as Asia Pacific and LAMEA are predicted to draw attention as vendors increase focus on the development of structural heart devices. LAMEA could rake in more revenue with the soaring employment of structural heart devices and mounting prevalence of aortic stenosis. 

Global Structural Heart Devices Market: Competitive Analysis 

Some of the prominent names in the world structural heart devices market could consider investing more in regions such as Europe and the U.S. offering fruitful opportunities. As per a renowned medical devices organization, about a 1.75 million people suffer from aortic stenosis in Europe and 60.0 million American from structural heart defects. These figures are deemed significant to support the telling growth prospect of Europe and the U.S structural heart devices markets. Besides this, generally, it is observed that mild to severe congenital heart defects could occur one in every 100 newborns. 

Amongst the illustrious companies in the business are Micro Interventional Devices, Inc., Medical Technology Est., Braile Biomedica, St. Jude Medical, Inc., and Medtronic plc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?