According to FutureWise analysis, the market for Structural Heart Devices in 2023 is US$ 13.36 billion, and is expected to reach US$ 30.18 billion by 2031 at a CAGR of 10.70%.
Structural heart devices refer to medical devices that are designed to treat abnormalities or defects in the structure of the heart. These devices are used to replace or repair heart valves, repair the heart's hole, and provide support to weakened or damaged areas of the heart. Structural heart devices can be used to treat a wide range of conditions, including congenital heart defects, valvular heart disease, and heart failure. They are typically implanted or delivered via minimally invasive procedures, and they may be permanent or temporary depending on the specific device and condition being treated.
One common type of structural heart device is the heart valve replacement or repair device. These devices are used to replace or repair damaged heart valves, which can occur due to age-related wear and tear, infection, or congenital abnormalities. Some heart valve replacement devices are mechanical, while others are made from biological materials. Valve repair devices are used to reshape or reinforce existing valves rather than replace them entirely. Another type of structural heart device is the closure device. These devices are used to close holes in the heart, such as atrial septal defects or patent foramen ovale. Closure devices are typically delivered via catheterization and are designed to remain in place permanently. Structural heart devices may also be used to provide support to weakened or damaged areas of the heart. For example, left ventricular assist devices (LVADs) are used to support the function of the left ventricle in patients with severe heart failure.
FutureWise Market Research has published a report that provides an insightful analysis of Structural Heart Devices Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Structural Heart Devices Market will experience a significant growth.
According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.