Market Research Report Store Structural Heart Devices Global Market – Forecast
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Description
Structural heart devices has emerged as a new focus area of medical device manufacturers as the
population of most developed and developing countries continue to become older and risk of
cardiovascular diseases increase with aging. The cardiovascular diseases which also include
structural heart diseases have become leading cause of death. It is projected that, with newfound
prosperity due to globalization and industrialization has led to changing lifestyle increasing risk of
younger people developing cardiovascular diseases. The increased interest has led to development
of new technologies and devices that are less invasive and address the need of treatment of
patients who are considered too weak to withstand the trauma of an open heart surgery.
According to IQ4I analysis, the structural heart devices global market is valued to be $XX million
in 2015 and poised to grow at a double digit CAGR to reach $8,792.0 million by 2022. The
structural heart device market is classified based on type, end-users and geography. The structural
heart device market by type is segmented into repair and replacement markets base on the type of
procedure performed. The repair segment is further sub segmented into annuloplasty,
valvuloplasty and Transcatheter mitral valve repair (TMVR). The replacement segment is further
segmented by technique into surgical valves and Transcatheter aortic valves replacement (TAVR).
The surgical valve is sub-segmented as mechanical and tissue heart valves.
The structural heart devices end-user market is segmented into public and private hospitals based
on location where the procedures are performed.