Structural Heart Devices Market: By Procedure, and Others) Replacement )), By Position, By Product, and Region

Structural Heart Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Procedure (Repair (Annuloplasty, Valvuloplasty, Transcatheter Mitral Valve Repair (TMVR), and Others) Replacement (Surgical Valve, Mechanical Heart Valve, Tissue Heart Valve, and Transcatheter Aortic Valve Replacement (TAVR))), By Position (Aorta, Mitral, Pulmonary valve, Tricuspid valve), By Product (Heart Valve Devices, Occluders Delivery Systems, Annuloplasty Rings, and Others), and Region

Structural Heart Devices Market was valued at US$ 7,198.2 million in 2023 and is poised to grow at a CAGR of 9.7 %. The market is driven by factors such as the rising prevalence of cardiovascular diseases, minimally invasive procedures, favorable reimbursement scenarios, and growing awareness. Globally, heart disease is a major killer, and the incidence of these conditions is expected to rise due to an aging population and increasing risk factors like obesity and diabetes. This creates a larger patient pool needing treatment. Structural heart devices enable minimally invasive procedures like transcatheter aortic valve replacement (TAVR), which offer quicker recovery times and less patient discomfort compared to open-heart surgery. This shift towards minimally invasive treatments is a major growth factor.

Government and insurance policies that reimburse hospitals and doctors for structural heart procedures incentivize their use, making them more accessible to patients. Increased public awareness about structural heart diseases and treatment options leads to earlier diagnosis and a willingness to undergo these procedures. Despite the growth of the market, the constraints that hinder the market growth are the high cost of devices, uncertainties of reimbursement, and long-term durability concerns. These devices can be expensive, limiting access in regions with restricted healthcare budgets. Changes in reimbursement policies or coverage restrictions could dampen market growth. While newer devices show promise, the long-term durability of some structural heart devices compared to traditional surgical valves is still being evaluated.

Structural Heart Devices Market Key Developments:

  • In February 2022, Genesis MedTech Group completed the acquisition of JC Medical (JCM).
  • In Nov 2023, Medtronic recently launched the Penditure™ Left Atrial Appendage (LAA) Exclusion Systemin the United States. 
  • In Nov 2023, J&J Medtech acquired Laminar, Inc., an innovative investigational device designed for Left Atrial Appendage Elimination (LAAX).

Structural Heart Devices Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

9.7%

Largest Market

Asia Pacific

Fastest Growing Market

Asia Pacific

Structural Heart Devices Market Dynamics

The development of new and improved devices with better efficacy, and durability, through advanced technology, and ease of use will create opportunities for market expansion. Increasing healthcare spending in developing countries creates new markets for structural heart devices. A shift towards preventative care and early intervention for heart diseases could lead to a rise in demand for these devices. The trend towards minimally invasive procedures is likely to continue, with further development of devices and techniques for mitral and tricuspid valve repair. Manufacturers are focusing on developing devices that improve patient outcomes, such as reducing complications and improving long-term survival rates. The use of data analytics to track patient outcomes and improve device design is becoming increasingly important.

Structural Heart Devices Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024 - 2030

Market Size in 2023

US$ 7,198.2 million

Market CAGR

9.7%

By Procedure

  • Repair
    • Annuloplasty
    • Valvuloplasty
    • Transcatheter Mitral Valve Repair (TMVR)
    • Others
  • Replacement
    • Surgical Valve
    • Mechanical Heart Valve
    • Tissue Heart Valve
    • Transcatheter Aortic Valve Replacement (TAVR)

By position

  • Aorta
  • Mitral
  • Pulmonary valve
  • Tricuspid valve

By Product

  • Heart Valve Devices
  • Occluders Delivery Systems
  • Annuloplasty Rings
  • Others

Key Features of the Report

  • The structural heart devices market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.

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Frequently Asked Questions

The global structural heart devices market size was valued at US$ 7,198.2 million in 2023 and is projected to grow at a CAGR of 9.7% from 2024 to 2030.

The market is driven by factors such as the rising prevalence of cardiovascular diseases, minimally invasive procedures, favorable reimbursement scenarios, and growing awareness.

Edwards Lifesciences Corporation , Medtronic plc , Abbott, Boston Scientific Corporation, LivaNova plc , CryoLife, Inc., Micro Interventional Devices, Inc, Bralie Biomédica, Lepu Medical Technology (Beijing) Co. Ltd., TTK Healthcare Limited , and Cook Group Incorporated

North America is the dominant in the Structural Heart Devices Market.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Structural Heart Devices Market Introduction 
2.1.Global Structural Heart Devices Market  - Taxonomy
2.2.Global Structural Heart Devices Market  - Definitions
2.2.1. Procedure
2.2.2. Position
2.2.3.Product
2.2.4. Region
3.Global Structural Heart Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Structural Heart Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Structural Heart Devices Market  By Procedure, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Repair
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Replacement
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Structural Heart Devices Market  By Position, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Aorta
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Mitral
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Pulmonary valve
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Tricuspid valve
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Structural Heart Devices Market  By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Heart Valve Devices
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Occluders Delivery Systems
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Annuloplasty Rings
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Structural Heart Devices Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Structural Heart Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Procedure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Repair
9.1.2.Replacement
9.2.  Position Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Aorta
9.2.2.Mitral
9.2.3.Pulmonary valve
9.2.4.Tricuspid valve
9.3.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Heart Valve Devices
9.3.2.Occluders Delivery Systems
9.3.3.Annuloplasty Rings
9.3.4.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Structural Heart Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Procedure Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Repair
10.1.2.Replacement
10.2.  Position Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Aorta
10.2.2.Mitral
10.2.3.Pulmonary valve
10.2.4.Tricuspid valve
10.3.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Heart Valve Devices
10.3.2.Occluders Delivery Systems
10.3.3.Annuloplasty Rings
10.3.4.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Structural Heart Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Procedure Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Repair
11.1.2.Replacement
11.2.  Position Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Aorta
11.2.2.Mitral
11.2.3.Pulmonary valve
11.2.4.Tricuspid valve
11.3.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Heart Valve Devices
11.3.2.Occluders Delivery Systems
11.3.3.Annuloplasty Rings
11.3.4.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Structural Heart Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Procedure Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Repair
12.1.2.Replacement
12.2.  Position Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Aorta
12.2.2.Mitral
12.2.3.Pulmonary valve
12.2.4.Tricuspid valve
12.3.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Heart Valve Devices
12.3.2.Occluders Delivery Systems
12.3.3.Annuloplasty Rings
12.3.4.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Structural Heart Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Procedure Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Repair
13.1.2.Replacement
13.2.  Position Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Aorta
13.2.2.Mitral
13.2.3.Pulmonary valve
13.2.4.Tricuspid valve
13.3.  Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Heart Valve Devices
13.3.2.Occluders Delivery Systems
13.3.3.Annuloplasty Rings
13.3.4.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Edwards Lifesciences Corporation
14.2.2.Medtronic plc
14.2.3.Abbott
14.2.4.Boston Scientific Corporation
14.2.5.LivaNova plc
14.2.6.CryoLife, Inc.
14.2.7.Micro Interventional Devices, Inc
14.2.8.Bralie Biomédica
14.2.9.Lepu Medical Technology (Beijing) Co. Ltd.
14.2.10.TTK Healthcare Limited
14.2.11.Cook Group Incorporated
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Edwards Lifesciences Corporation
  • Medtronic plc
  • Abbott
  • Boston Scientific Corporation
  • LivaNova plc
  • CryoLife, Inc.
  • Micro Interventional Devices, Inc
  • Bralie Biomédica
  • Lepu Medical Technology (Beijing) Co. Ltd.
  • TTK Healthcare Limited
  • Cook Group Incorporated

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