Global Structural Heart Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Heart Valve Devices - [Transcatheter Heart Valves, and Surgical Heart Valves]By Type;
Surgical Aortic Valve Replacement, Transcatheter Aortic Valve Replacement, Mitral Repair, and Left Atrial Appendage ClosureBy Component;
Replacement Procedures - [TAVR Procedures & Savr Procedures], and Repair Procedures - [Closure Procedures, Annuloplasty, Valvuloplasty, and TMVR ProceduresBy End Use;
Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Labs, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Structural Heart Devices Market Overview
Structural Heart Devices Market (USD Million)
Structural Heart Devices Market was valued at USD 8,488.56 million in the year 2024. The size of this market is expected to increase to USD 16,562.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.
Global Structural Heart Devices Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 10.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 10.0 % |
Market Size (2024) | USD 8,488.56 Million |
Market Size (2031) | USD 16,562.86 Million |
Market Concentration | Medium |
Report Pages | 300 |
Major Players
- Boston Scientific Corporation
- Medtronic
- Edwards Lifesciences Corporation
- Abbott Laboratories
- ST. JUDE MEDICAL
- Biomerics
- Comed BV
- LivaNova PLC
- JenaValve Technology, Inc.
- CardioKinetix
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Structural Heart Devices Market
Fragmented - Highly competitive market without dominant players
The Structural Heart Devices Market is witnessing robust growth, fueled by rising demand for minimally invasive cardiac procedures. With advancements in medical technology and increasing awareness among patients, the adoption of these devices has surged. Approximately 38% growth has been observed in the adoption of transcatheter-based technologies, highlighting their increasing preference over surgical alternatives. The trend is strongly aligned with the growing prevalence of cardiovascular conditions and the rising elderly population.
Technological Advancements Driving Growth
Significant improvements in device design and procedure safety have contributed to an estimated 42% rise in procedural success rates. Enhanced imaging systems and real-time monitoring have further enabled precise device placements, boosting confidence among healthcare professionals. The innovation cycle has accelerated, introducing next-generation devices that offer improved patient outcomes and reduced recovery times.
Rise in Minimally Invasive Procedures
A shift toward less invasive treatment approaches has led to a 36% increase in demand for catheter-based therapies. These procedures reduce hospitalization duration and are preferred due to their lower complication risks. Patient-centric care models and enhanced recovery programs are driving hospitals and clinics to integrate structural heart devices into their core cardiac treatment portfolios.
Growing Healthcare Investments
Escalating healthcare expenditures and targeted investments in cardiac care have spurred a 40% surge in clinical research and new device approvals. Funding directed toward early detection and advanced intervention technologies has fostered a favorable environment for innovation. Medical institutions are increasingly prioritizing infrastructure capable of supporting structural heart interventions.
Regulatory and Clinical Support
Regulatory agencies have streamlined approval processes, leading to a 45% improvement in the time-to-market for structural heart devices. Clinical societies have also released supportive guidelines encouraging the use of transcatheter and device-based solutions in cardiac therapies. This regulatory alignment and clinical backing are pivotal in accelerating market adoption and ensuring patient safety.
Structural Heart Devices Market Recent Developments
-
In January 2024, Integer Holdings Corp. finalized a deal to acquire Pulse Technologies, a privately held contract manufacturing company that specializes in materials and coatings used to develop and manufacture medical devices to serve healthcare markets such as structural heart disease, electrophysiology, leadless pacing and neuromodulation
-
In December 2023, Edwards Lifesciences announced plans to spin off its critical care unit by the end of 2024 in order to focus on its larger heart devices business. The company's leading product, the transcatheter aortic valve replacement (TAVR) device, has been encountering increasing competition from Abbott, Boston Scientific, and Medtronic. This device is utilized for minimally invasive surgery in patients with heart valve disease.
Structural Heart Devices Market Segment Analysis
In this report, the Structural Heart Devices Market has been segmented by Product, Type, Component, End Use, and Geography.
Structural Heart Devices Market, Segmentation by Product
The Structural Heart Devices Market has been segmented by Product into Heart Valve Devices - Transcatheter Heart Valves and Surgical Heart Valves.
Transcatheter Heart Valves
Transcatheter heart valves account for approximately 60% of the structural heart devices market. These devices are widely adopted due to their minimally invasive nature and ability to treat high-risk patients with valvular diseases. Increasing demand for transcatheter aortic valve replacement (TAVR) procedures and advances in device technology contribute significantly to market growth.
Surgical Heart Valves
Surgical heart valves represent around 40% of the market, catering to patients requiring traditional open-heart surgery for valve replacement. Their proven durability and long-term clinical outcomes make them a reliable choice in treating complex valvular conditions. Innovations in tissue engineering and design improvements continue to enhance their market appeal.
Structural Heart Devices Market, Segmentation by Type
The Structural Heart Devices Market has been segmented by Type into Surgical Aortic Valve Replacement, Transcatheter Aortic Valve Replacement, Mitral Repair, and Left Atrial Appendage Closure
Surgical Aortic Valve Replacement
Surgical aortic valve replacement (SAVR) accounts for approximately 35% of the structural heart devices market. This open-heart procedure remains the gold standard for treating aortic valve disease, particularly in patients who are younger and considered low risk. Its durability and long-term clinical success continue to sustain strong demand.
Transcatheter Aortic Valve Replacement
Transcatheter aortic valve replacement (TAVR) holds a significant share of around 45% of the market. TAVR’s minimally invasive approach offers an alternative to open surgery, making it a preferred option for elderly and high-risk patients. Rapid technological advancements and a growing body of clinical evidence support its expanding adoption.
Mitral Repair
Mitral repair represents about 15% of the structural heart devices market, focusing on restoring the function of the mitral valve. This segment includes both minimally invasive procedures and traditional surgery, with emphasis on treating mitral regurgitation. Continued innovation in repair techniques and device designs is driving growth.
Left Atrial Appendage Closure
Left atrial appendage closure (LAAC) comprises approximately 5% of the market. This minimally invasive procedure reduces the risk of stroke in patients with atrial fibrillation who cannot take long-term anticoagulation. Increased focus on stroke prevention and advances in device technology are boosting LAAC adoption.
Structural Heart Devices Market, Segmentation by Component
The Structural Heart Devices Market has been segmented by Component into Replacement Procedures - TAVR Procedures & Savr Procedures, Repair Procedures - Closure Procedures, Annuloplasty, Valvuloplasty and TMVR Procedures.
TAVR Procedures
Transcatheter aortic valve replacement (TAVR) procedures account for approximately 55% of the replacement procedures segment. This minimally invasive approach is widely preferred for high-risk patients with aortic valve stenosis. The growing adoption of catheter-based interventions and advancements in valve technology are key factors driving TAVR market growth.
SAVR Procedures
Surgical aortic valve replacement (SAVR) holds about 30% of the replacement procedures segment. This traditional open-heart surgery method remains a vital option for patients unsuitable for transcatheter procedures. The proven long-term durability and established clinical outcomes of SAVR support its continued use, especially in younger and lower-risk patients.
Closure Procedures
Closure procedures represent around 20% of the repair procedures segment. These interventions, including septal defect closures and left atrial appendage closures, are crucial for preventing stroke and improving cardiac function. Increased emphasis on minimally invasive options and technological advancements contribute to their rising adoption.
Annuloplasty
Annuloplasty holds a 15% share within repair procedures, focusing on repairing the valve annulus to restore valve competency. This technique is particularly beneficial in cases of mitral and tricuspid valve regurgitation, offering durable results with minimal complications. Advancements in device design and surgical techniques are driving growth in this segment.
Valvuloplasty
Valvuloplasty procedures contribute approximately 10% to the repair segment, primarily used to treat valve stenosis in high-risk patients. This balloon-based intervention temporarily improves valve function and is often used as a bridge to more definitive treatments. The rise in elderly populations with comorbidities supports market expansion.
TMVR Procedures
Transcatheter mitral valve replacement (TMVR) is an emerging segment with a market share of around 5% in the repair category. TMVR provides a minimally invasive solution for patients with severe mitral regurgitation who are unsuitable for surgery. Ongoing clinical trials and technological innovation are expected to drive future adoption.
Structural Heart Devices Market, Segmentation by End Use
The Structural Heart Devices Market has been segmented by End Use into Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Labs, and Others
Hospitals
Hospitals account for approximately 60% of the structural heart devices market. These facilities handle a high volume of complex cardiac procedures, including both surgical and transcatheter interventions. The presence of advanced medical infrastructure and experienced cardiac surgeons ensures the extensive use of structural heart devices.
Ambulatory Surgical Centers
Ambulatory surgical centers contribute about 20% of the market share. These centers focus on minimally invasive cardiac procedures and offer cost-effective alternatives to hospital-based surgeries. Their growth is supported by the increasing popularity of same-day discharge procedures and emphasis on patient convenience.
Cardiac Catheterization Labs
Cardiac catheterization labs represent approximately 15% of the market. These labs play a pivotal role in performing transcatheter interventions like TAVR and mitral valve repair. The adoption of advanced imaging technologies and the rising demand for minimally invasive procedures are driving growth in this segment.
Others
The 'Others' category, which includes specialty clinics and diagnostic centers, makes up around 5% of the market. These facilities increasingly use structural heart devices to enhance diagnostic accuracy and expand treatment capabilities. Growth in this segment is supported by efforts to broaden access to cardiac care.
Structural Heart Devices Market, Segmentation by Geography
In this report, the Structural Heart Devices Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Structural Heart Devices Market Share (%), by Geographical Region
North America
North America leads the structural heart devices market, holding approximately 40% of the global share in 2024. The region benefits from a strong presence of advanced healthcare infrastructure, high prevalence of cardiovascular diseases, and continuous investment in innovative device technologies. Leading market players and favorable reimbursement policies also drive growth.
Europe
Europe contributes around 30% to the global market share, driven by rising demand for minimally invasive procedures and a growing elderly population. The region’s focus on early diagnosis and preventive healthcare supports the widespread adoption of structural heart devices. Collaborative research efforts and regulatory support further enhance market expansion.
Asia Pacific
Asia Pacific is experiencing rapid growth, accounting for approximately 20% of the market share. The region’s expansion is fueled by increasing healthcare investments, improving medical infrastructure, and a rising burden of cardiovascular conditions. Countries like China and India are at the forefront, supported by favorable government policies and rising patient awareness.
Middle East and Africa
The Middle East and Africa contribute about 6% to the global market. Growth in this region is supported by government-led healthcare modernization initiatives and increasing focus on improving cardiac care. The growing availability of advanced medical equipment and rising demand for minimally invasive cardiac procedures are key drivers.
Latin America
Latin America represents nearly 4% of the structural heart devices market. Countries like Brazil and Mexico are leading adoption, supported by expanding healthcare access and rising investments in cardiovascular treatment options. Continued focus on public health programs and technological advancements is expected to drive further growth.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Structural Heart Devices Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
---|---|---|---|---|---|
Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- High prevalence of heart diseases
- Rapidly aging global population
-
Rising congenital heart defect cases - The increasing prevalence of congenital heart defects (CHDs) is a major driver of the structural heart devices market. CHDs represent one of the most common types of birth defects globally, requiring early detection and timely medical intervention. As diagnostic capabilities improve and awareness increases, more patients are being identified at an early stage, necessitating a range of interventional solutions such as septal occluders, valve repair devices, and closure systems to manage these structural abnormalities.
Technological advancements and the growing adoption of minimally invasive procedures have significantly enhanced treatment outcomes for patients with CHDs. With healthcare providers emphasizing early intervention and lifelong cardiac care, the demand for innovative and durable structural heart devices continues to rise. This trend is further reinforced by pediatric and adult congenital heart programs globally, contributing to consistent market growth across diverse healthcare settings.
Restraints
- Shortage of skilled healthcare personnel
- Existing technological limitations
-
Lengthy regulatory approval times - Lengthy regulatory approval processes pose a significant restraint to the growth of the structural heart devices market. Devices such as transcatheter heart valves, occluders, and annuloplasty systems must undergo extensive clinical testing and scrutiny to meet stringent safety and efficacy standards set by regulatory bodies like the FDA and EMA. This prolonged evaluation period delays the time-to-market for new technologies, making it harder for manufacturers to respond quickly to emerging patient needs or innovations.
For smaller firms and startups, these regulatory delays often result in increased development costs and resource burdens, which can limit product innovation and competitiveness. Even for larger players, uncertainties in the approval timeline hinder strategic planning and revenue forecasting. As the demand for advanced and minimally invasive cardiac devices grows, the industry's ability to accelerate access to life-saving technologies is constrained by the current pace of regulatory clearance, slowing overall market momentum.
Opportunities
- Expansion across emerging markets
- Supportive government healthcare initiatives
- Increasing patient awareness levels - The growing levels of patient awareness about cardiovascular health and available treatment options are opening new opportunities for the structural heart devices market. Patients are becoming more informed about the symptoms, risks, and long-term consequences of structural heart diseases, leading to earlier consultations and proactive healthcare decisions. This heightened awareness drives demand for timely diagnosis and access to advanced interventional therapies, such as transcatheter valve replacements and septal defect closures.
Increased exposure to medical information through digital health platforms, telemedicine services, and public health campaigns empowers patients to explore less invasive treatment alternatives with improved outcomes and shorter recovery times. This behavioral shift significantly benefits manufacturers of minimally invasive structural heart devices, as patients now actively seek modern procedures that align with their preferences for safety and comfort. As a result, healthcare systems are witnessing a growing acceptance and adoption of these devices in both elective and urgent care settings.
Furthermore, the rise in health literacy and patient advocacy has prompted healthcare providers to emphasize shared decision-making and individualized care. This environment fosters innovation, where device developers are encouraged to design patient-friendly solutions with enhanced usability, durability, and compatibility. The convergence of awareness, access to information, and proactive care behavior is expected to accelerate the structural heart device market’s expansion in both developed and emerging economies.
Competitive Landscape Analysis
Key players in Global Structural Heart Devices Market include:
- Boston Scientific Corporation
- Medtronic
- Edwards Lifesciences Corporation
- Abbott Laboratories
- ST. JUDE MEDICAL
- Biomerics
- Comed BV
- LivaNova PLC
- JenaValve Technology, Inc.
- CardioKinetix
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Type
- Market Snapshot, By Component
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Structural Heart Devices Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
High prevalence of heart diseases
-
Rapidly aging global population
-
Rising congenital heart defect cases
-
- Restraints
-
Shortage of skilled healthcare personnel
-
Existing technological limitations
-
Lengthy regulatory approval times
-
- Opportunities
-
Expansion across emerging markets
-
Supportive government healthcare initiatives
-
Increasing patient awareness levels
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Structural Heart Devices Market, By Product, 2021 - 2031 (USD Million)
- Heart Valve Devices
- Transcatheter Heart Valves
- Surgical Heart Valves
- Heart Valve Devices
- Structural Heart Devices Market, By Type, 2021 - 2031 (USD Million)
- Surgical Aortic Valve Replacement
- Transcatheter Aortic Valve Replacement
- Mitral Repair
- Left Atrial Appendage Closure
- Structural Heart Devices Market, By Component, 2021 - 2031 (USD Million)
- Replacement Procedures
- TAVR Procedures
- Savr Procedures
- Repair Procedures
- Closure Procedures
- Annuloplasty
- Valvuloplasty
- TMVR Procedures
- Replacement Procedures
- Structural Heart Devices Market, By Product, 2021 - 2031 (USD Million)
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Labs
- Others
- Structural Heart Devices Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN(Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Structural Heart Devices Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Boston Scientific Corporation
- Medtronic
- Edwards Lifesciences Corporation
- Abbott Laboratories
- ST. JUDE MEDICAL
- Biomerics
- Comed BV
- LivaNova PLC
- JenaValve Technology, Inc.
- CardioKinetix
- Company Profiles
- Analyst Views
- Future Outlook of the Market