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 RD 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 RD activities in the cardiology field create further growth opportunities for players in the global structural heart imaging market over the forecast period.
Top Companies Profiled in the Report Include:
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.
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Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, RD activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Structural Heart Imaging Market in these key regions.
Country-wise regional analysis covers:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East Africa
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Additionally, the report consists a detailed analysis of the segmentation of the Structural Heart Imaging Market based on product types and end-use/application offered in the Structural Heart Imaging Market.
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
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