San Francisco, California, May 31, 2017 : The global structural heart devices market looks promising due to increasing demand in public and private hospitals. According to TMR Research, the market is predicted to witness exponential growth due to swift increase in cardiovascular conditions among people and rise in power of healthcare expenditure. The report is titled “Structural Heart Devices Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”.
Factors such as growing geriatric population, increasing uptake of minimally invasive surgeries, and rising healthcare expenditure could result in rapid market growth. In addition, increasing number of catheter based procedures coupled with latest advancements in technology is expected to result in substantial growth of market for structural heart devices. While improving disposable income and enhancing healthcare infrastructure could lend the market a major push, rigorous approval processes, high costs, and stringent government regulations could rein in the growth of the structural heart devices market.
The growing penetration of leading players in regions such as the Middle East and Africa, Asia Pacific, and Latin America is one of the promising factors likely to magnify growth opportunities for the market of structural heart devices. Developing structural heart device markets such as Latin America, Middle East and Africa, and Asia Pacific could draw attention as adoption of minimally invasive procedures is increasing in these regions. This growth can be attributed to the improved healthcare, rising awareness about cardiac diseases, and better newborn screening programs.
Transcatheter aortic valve replacement and surgical aortic valve replacement are expected to lay a robust foundation for the structural heart devices market in North America. Latin America and Middle East and Africa could rake in more revenue with mounting prevalence of aortic stenosis and soaring employment of structural heart devices. The growing deployment of structural heart devices is predicted to bode well for the growth of the market. Left atrial appendage closure has been one of the strongly growing segment due to its minimally invasive nature.
The global structural heart devices market is experiencing steady growth with new players entering the market. Additionally, the old players are strengthening their position in the market by entering into acquisitions and mergers. Some of the leading names in the global structural heart devices market could consider expanding in the U.S. and Europe to make the most of the great opportunities available there. Increase in focus of leading players on research and development activities and rise in demand for precise and quick procedures are likely to propel the opportunities for vendors in structural heart devices market.
Key structural heart device companies in this market include Micro International Devices, Inc., Braile Biomedica, Medtronic plc, St. Jude Medical, Inc., and Medical Technology Est.