Structural Heart Devices Market Outlook, Competitive Insights, and Growth Factors during the Forecast Period 2022-2028

 

Structural Heart Devices Market

Congenital (present at birth) cardiac anomalies are referred to as structural heart illnesses, along with abnormalities that develop in the heart's valves and arteries as a result of disease-related wear and tear. A non-coronary disorder of the heart, structural heart disease has no effect on the heart's blood arteries. Atrial septal defect, patent foramen oval, ventricular septal defect, paravalvular leak, arterial/venous fistulae, and congenital heart disease are among the most common structural heart conditions.

Due to ongoing efforts to develop novel products and subsequent product releases by major key players based in the area, North America is anticipated to have a prominent position in the global Structural Heart Devices Market. For instance, the American company Edwards Lifesciences Corporation is concentrating on the launch of the SAPIEN 3 Ultra and CENTERA Valves in 2017. The SAPIEN 3 Ultra system is a cutting-edge platform with an on-balloon delivery design and extensible Axela sheath technology. This innovative invention should speed up the manufacturing processes while reducing error-proneness.

Additionally, because to the rising incidence of valvular heart disease (VHD) throughout the continent, structural heart devices are predicted to experience significant increase in Europe. Incidence of VHD was 63.9 per 100 000 person-years, with aortic stenosis (AS) accounting for 47.2% of cases, mitral regurgitation (MR) for 24.2%, and aortic regurgitation (AR) for 18.0%, according to a study published in the British Medical Journal (BMJ) in 2017. To arrive at this result, the study examined hospital data collected nationally between 2003 and 2010.

Modern items, such sutureless heart valves, are substantially more expensive than earlier models. For instance, LivaNova, Plcsuture-free .'s aortic heart valve costs more than US$ 9,000, but tissue heart valves made by Medtronic Plc. and Abbott Laboratories cost about US$ 5,000 in the United States. The use of sutureless technology has been constrained by its nearly twofold price, which is also slowing the Structural Heart Devices Market expansion.

Key players in Global Structural Heart Devices Market include Abbott Laboratories, Medtronic Plc., Edwards Lifesciences Corporation, Boston Scientific Corporation, CryoLife Inc., LivaNova Plc., Cook Group Incorporated, Endologix Inc., and W. L. Gore & Associates, Inc. 

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