Press release
Structural Heart Market is Estimated to Grow at a Promiseble CAGR During Forecast Period 2028
The Structural Heart Market was valued at US$ 14,245.55 million in 2022 and is expected to reach US$ 22,560.88 million by 2028; it is estimated to record a CAGR of 8.0% from 2022 to 2028.The structural heart market growth is attributed to the availability of innovative structural heart services and a rise in the number of cardiovascular procedures and corresponding training programs.
Structural heart disease is a non-coronary defect of the heart, thus not affecting the blood vessels in the heart. Most structural heart conditions are present since birth (congenital), but these can also be acquired later in life owing to wear & tear from infection. The devices that are used in structural heart disease comprise replacement and repair devices, such as devices that are used for the treatment of heart-related diseases. Structural heart devices comprise annuloplasty rings and heart valve balloons occluders, among others.
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Analysis of the Top Market Players:
1. ABBOTT
2. MEDTRONIC
3. BOSTON SCIENTIFIC CORPORATION
4. CRYOLIFE, INC
5. EDWARD LIFESCIENCES CORPORATION
6. LEPU MEDICAL
7. BRAILE BIOMEDICA
8. ARAN BIOMEDICAL TEORANTA
9. Micro Interventional Devices, Incorporated
10. CORCYM
In this report, the market has been segmented on the basis of:
Product
• Occluders
• Annuloplasty Rings
• Heart Valve Balloons
Procedure
• Heart Valve Stenosis
• Heart Valve Regurgitation
• Left Atrial Appendage Closure
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Growing Use of Artificial Intelligence in Structural Heart Provides Lucrative Opportunities for Structural Heart Market During Forecast Period
The number of interventional structural heart disease (SHD) procedures, such as transcatheter valve procedures, has increased significantly in recent years, triggering the need for well-founded knowledge about optimal anatomical spatial orientation during these procedures. This has led to the development of new procedural capabilities and technologies in periprocedural planning. Ongoing developments in machine learning and artificial intelligence (AI) facilitate the routine use of individualized segmented 3D heart models that allow to use multiple imaging modalities in combination with other. As AI enables computers to perform tasks at a greater speed and with potentially better precision than humans, risk stratification and outcome aspects can be optimized in the future.
The application of computer modeling, 3D printing, and AI has already led to transformations in procedure planning and physician education on SHD. These technologies also promise unlimited possibilities. With further research and development, AI can advance precision medicine at every step, including diagnosis, treatment stratification and device selection, procedure delivery and guidance, and post-procedure/discharge monitoring and rehabilitation, and create ample opportunities in the structural heart market.
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