IRVING, Texas, April 5, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the global structural heart device market looks promising with opportunities in public and private hospitals. The global structural heart device market is expected to reach an estimated $9.7 billion by 2022 and it is forecast to grow at a CAGR of 14.3% from 2017 to 2022.
Browse 34 market data tables and 84 figures spread through 145 pages and in-depth TOC on "Global Structural Heart Device Market"
North America is expected to remain the largest market and is expected to witness the highest growth rate during the forecast period mainly due to increasing adoption of minimally invasive procedures for heart valve repair and replacement in this region.
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Emerging trends which have a direct impact on the dynamics of the industry include rising adoption of transcatheter aortic valve replacement procedure and introduction of new hybrid tissue engineered heart valve. Edwards Lifesciences Corporation, Medtronic Public Limited Company, St. Jude Medical, Inc, Boston Scientific Corporation, and LivaNova PLC are among the major suppliers of structural heart devices.
The study includes a forecast for the global structural heart device market by procedure, position, and region, as follows:
Structural heart device market by procedure [Value ($ Million) from 2011 to 2022]:
- Transcatheter Mitral Valve Repair (TMVR)
- Repair Other
- Surgical Valve
- Mechanical Heart Valve
- Tissue Heart Valve
- Transcatheter Aortic Valve Replacement (TAVR)
- Surgical Valve
Structural heart device market by position [Value ($ Million) from 2011 to 2022]:
Structural heart device market by region [Value ($ Million) from 2011 to 2022]:
- North America
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