Structural Heart Devices Market Growth Drivers & Opportunities

Structural Heart Devices Market by Product (Heart Valve Devices (Transcatheter and Surgical), Occluders and Delivery Systems, Annuloplasty Rings, and Accessories), Procedure (Replacement and Repair) - Global Forecast to 2023

Report Code: MD 6585 Sep, 2018, by marketsandmarkets.com

The global structural heart devices market is projected to reach USD 15.08 billion by 2023 from USD 8.16 billion in 2017, at a CAGR of 10.2% during the forecast period. The base year considered for this report is 2017 and the forecast period is 2018–2023.

Objectives of the Study:

To define, describe, and forecast the global structural heart devices market, by product, procedure, and region
To provide detailed information regarding factors influencing market growth (drivers, restraints, opportunities, and challenges)
To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze market opportunities for stakeholders and provide details of the competitive landscape of market leaders
To forecast the size of the structural heart devices market in North America, Europe, Asia Pacific, and the Rest of the World
To profile the key players in the global structural heart devices market and comprehensively analyze their core competencies
To track and analyze competitive developments, such as product launches & approvals, acquisitions, expansions, and partnerships & agreements, of the leading players in the structural heart devices market

Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global structural heart devices market and estimate the size of other dependent submarkets. Various secondary sources, such as associations like the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), American Heart Association (AHA), Structural Heart Disease Australia (SHDA), Cardiovascular Research Foundation (CRF), Heart Research Institute (HRI), National Center for Biotechnology Information (NCBI), Diagnostic and Interventional Cardiology (DAIC), European Society of Cardiology (ESC), and American College of Cardiology (ACC); industry journals; databases; and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess the dynamics of structural heart devices industry. The breakdown of profiles of primaries is shown in the figure below:

Structural Heart Devices Market:Breakdown of Primary Interviews

To know about the assumptions considered for the study, download the pdf brochure

The major players operating in the structural heart devices market are Edwards Lifesciences Corporation (US), Medtronic plc (Ireland), Abbott (US), Boston Scientific Corporation (US), and LivaNova plc (UK).

Target Audience:

Hospitals
Healthcare corporations
Cardiac surgery centers
Structural heart device distributors
Medical service providers
Manufacturers of structural heart devices
Structural heart surgeons

Structural Heart Devices Market Scope

The research report categorizes the structural heart devices market into the following segments and subsegments:

By Product

Herat Valve Devices
Surgical Heart Valves
Transcatheter Heart Valves
Occluders and Delivery Systems
Annuloplasty Rings
Other Devices
Accessories

By Procedure

Replacement Procedures
TAVR Procedures
SAVR Procedures
Repair Procedures
Closure Procedures
Annuloplasty
Valvuloplasty
TMVR Procedures

By Region

North America
- US
- Canada
Europe
- Germany
- Italy
- UK
- France
- Rest of Europe (RoE)
Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific (RoAPAC)
Rest of the World

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

Further breakdown of the Rest of Europe structural heart devices market into Russia, Sweden, Austria, Spain, and other European countries

Exclusive Insights on Medical Devices Market Research Reports & Consulting

The global structural heart devices market is projected to reach USD 15.08 billion by 2023 from USD 9.28 billion in 2018, at a CAGR of 10.2% during the forecast period. The rising prevalence of structural heart diseases, regulatory approvals for new and advanced structural heart devices, favorable reimbursement scenario for structural heart procedures & devices, and increasing awareness about structural heart diseases are the major factors driving the growth of the structural heart devices market. However, low affordability and inaccessibility of cardiac surgeries in developing countries are expected to restrain the growth of this market in the coming years. In addition, a dearth of skilled personnel may affect overall procedural volumes and serve to slow the pace of market growth during the forecast period.

The report describes and studies the global structural heart devices market, by product, procedure, and region. It provides detailed information regarding the major factors influencing the growth of this market and the regulatory analysis impacting market dynamics.

On the basis of product, the global structural heart devices market is segmented into heart valve devices, occluders and delivery systems, annuloplasty rings, other devices, and accessories. The heart valve devices segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the growing number of transcatheter aortic valve replacement procedures performed across the globe, the efficacy and durability of these products, and the growing number of regulatory approvals for heart valve devices.

Based on procedure, the market is segmented into replacement procedures and repair procedures. The replacement procedures segment is further segmented into TAVR (transcatheter aortic valve replacement) procedures and SAVR (surgical aortic valve replacement) procedures, while the repair procedures segment is subdivided into closure procedures, annuloplasty, valvuloplasty, and TMVR procedures. The replacement procedures segment is expected to account for the largest market share in 2018 and is projected to register the highest CAGR during the forecast period. The growth in this segment can be attributed to the long-term durability of these procedures and the widespread preference for transcatheter replacement.

The geographic segments in this report include North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the structural heart devices market in 2018. The large share of this region in the global market is attributed to factors such as the rising prevalence of structural heart diseases, favorable reimbursement scenario for structural heart procedures and devices, technological advancements, and development of innovative devices.

The Asia Pacific region is projected to register the highest CAGR during the forecast period. Factors such as the rising geriatric population, favorable reimbursement scenario, increasing regulatory approvals, the presence of a large target patient population, increasing healthcare expenditure, implementation of government-funded insurance schemes, and the growing medical tourism industry in several APAC countries are expected to drive the growth of the Asia Pacific structural heart devices market.

Structural Heart Devices Market,by Region,2023(USD billion)

Edwards Lifesciences Corporation (US), Medtronic plc (Ireland), Abbott (US), Boston Scientific Corporation (US), and LivaNova PLC (UK) are the prominent players in the structural heart devices market. The other players in this market include CryoLife, Inc. (US), Micro Interventional Devices, Inc. (US), Braile Biomédica (Brazil), Lepu Medical Technology (Beijing) Co., Ltd. (China), and TTK Healthcare Limited (India).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Data Estimation and Triangulation
    2.4 Assumptions for the Study

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    4.1 Structural Heart Devices: Market Overview
    4.2 Geographic Analysis: Structural Heart Devices Market, By Repair Procedures
    4.3 Structural Heart Devices Market, By Procedure, 2018 vs 2023
    4.4 Structural Heart Devices Market, By Product, 2018 vs 2023
    4.5 Geographic Snapshot of the Structural Heart Devices Market

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Prevalence of Structural Heart Diseases
                    5.2.1.2 Regulatory Approvals of New and Advanced Structural Heart Devices
                               5.2.1.2.1 Product Approvals for Medtronic
                               5.2.1.2.2 Product Approvals for Edwards Lifesciences Corporation
                               5.2.1.2.3 Product Approvals for Abbott Laboratories
                               5.2.1.2.4 Product Approvals for Livanova
                               5.2.1.2.5 Product Approvals for Micro Interventional Devices
                    5.2.1.3 Favorable Reimbursement Scenario
                    5.2.1.4 Increasing Awareness About Structural Heart Diseases
           5.2.2 Restraints
                    5.2.2.1 Low Affordability and Inaccessibility of Cardiac Surgeries in Developing Countries
           5.2.3 Opportunities
                    5.2.3.1 Percutaneous Interventions, Approval of TAVR for Extended Indications
                    5.2.3.2 Emerging Countries
                    5.2.3.3 Emergence of Tissue-Engineered Heart Valves
           5.2.4 Challenges
                    5.2.4.1 Dearth of Skilled Personnel

6 Structural Heart Devices Market, By Product (Page No. - 42)
    6.1 Introduction
    6.2 Heart Valve Devices
           6.2.1 Transcatheter Heart Valves
           6.2.2 Surgical Heart Valves
                    6.2.2.1 Tissue Heart Valves
                    6.2.2.2 Mechanical Heart Valves
    6.3 Occluders & Delivery Systems
    6.4 Annuloplasty Rings
    6.5 Accessories
    6.6 Other Devices

7 Structural Heart Devices Market, By Procedure (Page No. - 52)
    7.1 Introduction
           7.1.1 Replacement Procedures
                    7.1.1.1 TAVR Procedures
                    7.1.1.2 Savr Procedures
           7.1.2 Repair Procedures
                    7.1.2.1 Closure Procedures
                    7.1.2.2 Annuloplasty
                    7.1.2.3 Valvuloplasty
                    7.1.2.4 TMVR Procedures

8 Structural Heart Devices Market, By Region (Page No. - 63)
    8.1 Introduction
    8.2 North America
           8.2.1 US
           8.2.2 Canada
    8.3 Europe
           8.3.1 Germany
           8.3.2 Italy
           8.3.3 UK
           8.3.4 France
           8.3.5 Rest of Europe
    8.4 Asia Pacific
           8.4.1 Japan
           8.4.2 China
           8.4.3 India
           8.4.4 Rest of Asia Pacific
    8.5 Rest of the World

9 Competitive Landscape (Page No. - 108)
    9.1 Overview
    9.2 Market Ranking Analysis of Key Players, 2017
    9.3 Competitive Scenario
           9.3.1 Product Launches and Approvals
           9.3.2 Acquisitions
           9.3.3 Expansions
           9.3.4 Partnerships and Agreements

10 Company Profiles (Page No. - 113)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     10.1 Edwards Lifesciences Corporation
     10.2 Medtronic
     10.3 Abbott
     10.4 Boston Scientific Corporation
     10.5 Livanova
     10.6 Lepu Medical Technology
     10.7 Cryolife
     10.8 Micro Interventional Devices
     10.9 Braile Biomédica
     10.10 TTK Healthcare (A TTK Group Company)

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 138)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details

List of Tables (106 Tables)

Table 1 Structural Heart Device Market, By Product, 2016–2023 (USD Million)
Table 2 Structural Heart Device Market, By Region, 2016–2023 (USD Million)
Table 3 Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 4 Heart Valve Devices Market, By Region, 2016–2023 (USD Million)
Table 5 Transcatheter Heart Valves Market, By Region, 2016–2023 (USD Million)
Table 6 Surgical Heart Valves Market, By Region, 2016–2023 (USD Million)
Table 7 Occluders & Delivery Systems Market, By Region, 2016–2023 (USD Million)
Table 8 Annuloplasty Rings Market, By Region, 2016–2023 (USD Million)
Table 9 Structural Heart Device Accessories Market, By Region, 2016–2023 (USD Million)
Table 10 Other Structural Heart Device Market, By Region, 2016–2023 (USD Million)
Table 11 Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 12 Market, By Region, 2016–2023 (USD Million)
Table 13 Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 14 Market for Replacement Procedures, By Region, 2016–2023 (USD Million)
Table 15 Market for TAVR Procedures, By Region, 2016–2023 (USD Million)
Table 16 Market for Savr Procedures, By Region, 2016–2023 (USD Million)
Table 17 Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 18 Market for Repair Procedures, By Region, 2016–2023 (USD Million)
Table 19 Structural Heart Device Market for Closure Procedures, By Region, 2016–2023 (USD Million)
Table 20 Structural Heart Device Market for Annuloplasty, By Region, 2016–2023 (USD Million)
Table 21 Structural Heart Device Market for Valvuloplasty, By Region, 2016–2023 (USD Million)
Table 22 Structural Heart Device Market for TMVR Procedures, By Region, 2016–2023 (USD Million)
Table 23 Structural Heart Device Market, By Region, 2016–2023 (USD Million)
Table 24 North America: Structural Heart Device Market, By Country, 2016–2023 (USD Million)
Table 25 North America: Market, By Procedure, 2016–2023 (USD Million)
Table 26 North America: Market for Replacement Procedures, By Type , 2016–2023 (USD Million)
Table 27 North America: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 28 North America: Market, By Product, 2016–2023 (USD Million)
Table 29 North America: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 30 US: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 31 US: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 32 US: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 33 US: Market, By Product, 2016–2023 (USD Million)
Table 34 US: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 35 Canada: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 36 Canada: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 37 Canada: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 38 Canada: Market, By Product, 2016–2023 (USD Million)
Table 39 Canada: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 40 Europe: Structural Heart Device Market, By Country, 2016–2023 (USD Million)
Table 41 Europe: Market, By Procedure, 2016–2023 (USD Million)
Table 42 Europe: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 43 Europe: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 44 Europe: Market, By Product, 2016–2023 (USD Million)
Table 45 Europe: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 46 Germany: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 47 Germany: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 48 Germany: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 49 Germany: Market, By Product, 2016–2023 (USD Million)
Table 50 Germany: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 51 Italy: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 52 Italy: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 53 Italy: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 54 Italy: Market, By Product, 2016–2023 (USD Million)
Table 55 Italy: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 56 UK: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 57 UK: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 58 UK: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 59 UK: Market, By Product, 2016–2023 (USD Million)
Table 60 UK: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 61 France: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 62 France: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 63 France: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 64 France: Market, By Product, 2016–2023 (USD Million)
Table 65 France: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 66 RoE: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 67 RoE: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 68 RoE: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 69 RoE: Market, By Product, 2016–2023 (USD Million)
Table 70 RoE: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 71 Asia Pacific: Structural Heart Device Market, By Country, 2016–2023 (USD Million)
Table 72 Asia Pacific: Market, By Procedure, 2016–2023 (USD Million)
Table 73 Asia Pacific: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 74 Asia Pacific: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 75 Asia Pacific: Market, By Product, 2016–2023 (USD Million)
Table 76 Asia Pacific: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 77 Japan: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 78 Japan: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 79 Japan: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 80 Japan: Market, By Product, 2016–2023 (USD Million)
Table 81 Japan: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 82 China: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 83 China: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 84 China: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 85 China: Market, By Product, 2016–2023 (USD Million)
Table 86 China: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 87 India: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 88 India: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 89 India: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 90 India: Market, By Product, 2016–2023 (USD Million)
Table 91 India: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 92 Cost Comparison of Heart Valve Replacement Procedures in the US and Asian Countries (2016)
Table 93 RoAPAC: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 94 RoAPAC: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 95 RoAPAC: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 96 RoAPAC: Market, By Product, 2016–2023 (USD Million)
Table 97 RoAPAC: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 98 RoW: Structural Heart Device Market, By Procedure, 2016–2023 (USD Million)
Table 99 RoW: Market for Replacement Procedures, By Type, 2016–2023 (USD Million)
Table 100 RoW: Market for Repair Procedures, By Type, 2016–2023 (USD Million)
Table 101 RoW: Market, By Product, 2016–2023 (USD Million)
Table 102 RoW: Heart Valve Devices Market, By Type, 2016–2023 (USD Million)
Table 103 Product Launches and Approvals
Table 104 Acquisitions
Table 105 Expansions
Table 106 Partnerships and Agreements

List of Figures (34 Figures)

Figure 1 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Research Design
Figure 5 Data Triangulation Methodology
Figure 6 Structural Heart Devices Market, By Product (2018–2023)
Figure 7 Structural Heart Devices Market, By Procedure, 2018 vs 2023
Figure 8 Geographical Snapshot of the Structural Heart Devices Market (2018–2023)
Figure 9 Rising Prevalence of Structural Heart Diseases to Drive Market Growth
Figure 10 Closure Procedures Segment to Account for the Largest Market Share in 2018
Figure 11 Replacement Procedures to Dominate the Structural Heart Devices Market in 2023
Figure 12 Heart Valve Devices Segment to Account for the Largest Market Share in 2018
Figure 13 APAC to Register the Highest CAGR in the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, and Challenges
Figure 15 Heart Valve Devices to Witness the Highest Growth Rate During the Forecast Period
Figure 16 Surgical Heart Valves to Dominate the Heart Valve Devices Market During the Forecast Period
Figure 17 Replacement Procedures to Dominate the Structural Heart Devices Market in 2018
Figure 18 Transcatheter Aortic Valve Replacement to Register the Highest Growth Rate in the Forecast Period
Figure 19 TMVR Procedures to Register the Highest Growth Rate in the Structural Heart Devices Market for Repair Procedures
Figure 20 North America to Dominate the Structural Heart Device Market in 2018
Figure 21 North America: Structural Heart Device Market Snapshot
Figure 22 Europe: Structural Heart Device Market Snapshot
Figure 23 Asia Pacific: Structural Heart Device Market Snapshot
Figure 24 RoW: Structural Heart Device Market Snapshot
Figure 25 Edwards Lifesciences Led the Market in 2017
Figure 26 Key Developments of the Prominent Players in the Structural Heart Device Market (2016–2018)
Figure 27 Edwards Lifesciences Corporation: Company Snapshot
Figure 28 Medtronic: Company Snapshot
Figure 29 Abbott: Company Snapshot
Figure 30 Boston Scientific Corporation: Company Snapshot
Figure 31 Livanova: Company Snapshot
Figure 32 Lepu Medical Technology: Company Snapshot
Figure 33 Cryolife: Company Snapshot
Figure 34 TTK Healthcare Limited: Company Snapshot

Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).

1 3 3 1 2

Manage preferences :

Select all
News-Letters with latest Market insights
Information & discussion on the relevant new products and services
Information & discussion on Market insights and Market information
Information & discussion on our events and conferences
Preferred modes for discussion
- Select all
- Email Phone Professional and social network (Linkedin, etc)

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.