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 : August, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.