Structural Heart Imaging Market Revenue, Product Launches, Regional Share Analysis & Forecast till 2028
The global structural
heart imaging market size is expected to reach USD
34.1 billion in 2028 at a CAGR of 10.2%, according to a new report by Reports
and Data. Increasing prevalence of structural heart diseases, rising awareness
about cardiac health, surging prevalence of lifestyle-induced diseases such as
diabetes and high blood pressure, and increasing unhealthy habits such as
excessive alcohol consumption and drug abuse are among some factors expected to
drive global market revenue growth going ahead. Other key factors boosting
market growth are technological advancements in structural heart imaging
modalities, rapid adoption of advanced imaging techniques, increasing clinical
trials of emerging cardiac imaging techniques, and increasing government
support for healthcare R&D activities. Market players’ increased focus on
expanding existing product portfolio and a favorable regulatory scenario for
structural heart procedures are expected to stimulate market growth in the near
future.
Structural Heart Imaging (SHI) is an imaging technique that
employs high-resolution cameras for screening of the heart to produce clear
images, which aid doctors to accurately diagnose the patient’s cardiac
condition. Echocardiogram and angiogram (MRI, CT, etc.) are the most widely
used structural heart imaging modalities that assess the cardiac structure and
identify narrowing or blockage of blood vessels. Rising number of minimally
invasive procedures such as Transcatheter Aortic Valve Replacement (TAVR),
advances in the techniques, and increasing government support for R&D
activities in the cardiology field create further growth opportunities for
players in the global structural heart imaging market over the forecast period.
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Major companies in the global structural heart imaging market
are Koninklijke Philips N.V., Boston
Scientific Corporation, CryoLife, Inc., Abbott Laboratories, Siemens
Healthineers GmbH, Toshiba Corporation, Medtronic Plc, CardioComm Solutions
Inc., Edwards Lifesciences Corporation, Circle Cardiovascular Imaging,
Inc., LivaNova PLC, Integer Holdings Corporation, HeartSciences, TomTec Imaging
Systems GmbH, Micro Interventional Devices, Inc., Braile Biomédica, Lepu
Medical Technology Co., Ltd., Shimadzu Corporation, 3mensio Medical Imaging BV,
TTK Healthcare Limited, Pie Medical Imaging B.V., and Aran Biomedical Teoranta.
Some Key Highlights from the Report:
- The
heart valve devices segment is expected to dominate other product type
segments in terms of revenue share during the forecast period. Growth of
this segment is driven by rapidly growing number of TAVR procedures,
surging adoption of TAVR techniques for their long-term durability and
efficacy, and favorable regulatory policies.
- Based
on imaging modality, the echocardiogram segment is expected to account for
largest revenue share over the forecast years. Increasing incidence of
structural and congenital heart diseases, augmented need for effective
imaging and diagnosis of these diseases, rising use of echocardiograms in
intraprocedural monitoring, and advantages such as real-time monitoring
and high-quality images are the most crucial factors expected to fuel this
segment’s growth.
- The
North America structural heart imaging market accounted for largest
revenue share in 2020. Market growth is driven by rising prevalence of
structural and congenital heart diseases, increasing demand for advanced
cardiac imaging solutions, and awareness about cardiac health.
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For the purpose of this report, the global structural heart
imaging market has been segmented based on product type, imaging modality,
procedure type, application, and region:
By Product Type (Revenue, USD Billion; 2018-2028)
- Heart
Valve Devices
- Transcatheter
Heart Valves
- Surgical
Heart Valves
- Occluders
and Delivery Systems
- Annuloplasty
Rings
- Others
By Imaging Modality (Revenue, USD Billion; 2018-2028)
- Echocardiogram
- Angiogram
- MRI
(Magnetic Resonance Imaging)
- CT
(Computed Tomography)
By Procedure Type (Revenue, USD Billion; 2018-2028)
- Transcatheter
Aortic Valve Replacement (TAVR)
- Surgical
Aortic Valve Replacement (SAVR)
- Transcatheter
Mitral Valve Repair (TMVR)
- Left
Atrial Appendage Closure (LAAC)
- Annuloplasty
- Valvuloplasty
- Others
By Application (Revenue, USD Billion; 2018-2028)
- Diagnosis
- Surgical
Applications
By End-user (Revenue, USD Billion; 2018-2028)
- Hospitals
- Specialty
clinics
- Cardiac
centers
- Diagnostic
centers
- Ambulatory
surgical centers
- Catheterization
laboratories
- Others
Regional Outlook:
·
North
America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
Italy
o
France
o
BENELUX
o
Rest of
Europe
·
Asia
Pacific
o
China
o
India
o
Japan
o
South Korea
o
Rest of
APAC
·
Latin
America
o
Brazil
o
Rest of
LATAM
·
Middle East
& Africa
o
Saudi
Arabia
o
U.A.E.
o
South
Africa
o
Rest of MEA
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