Impact Analysis of Covid-19
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Summary
The global Structural Heart Occluder Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Structural heart attack occurs when the structure of the heart itself is erroneous and/or damaged. This can be due to a variety of reasons including the narrowing of a blood vessel which provides oxygenated blood to the heart, or a defect in the coronary artery wall, (myocardial infarction) or congenital heart disease, to name a few. The global structural heart occluder market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global structural heart occluder market is expected to witness significant growth during the forecast period, owing to increasing product approvals and advent of advanced structural heart devices.
Market Drivers
Increasing prevalence of structural heart diseases such as valvular heart disease, cardiomyopathy, and Marfan syndrome is expected to drive growth of the global structural heart occluder market during the forecast period. According to the Centers for Disease Control Prevention (CDC), 1 in 500 adults in the U.S. may have cardiomyopathy of all ages. According to the CDC, in 2017, there were around 3,046 deaths due to rheumatic valvular heart disease and 24,811 deaths due to non-rheumatic valvular heart disease in the U.S. Such a massive increase in structural heart disease has increased the demand for structural heart occluder. Hence, these factors are expected to drive growth of the global structural heart occluder market during the forecast period. Furthermore, increasing product approvals and advent of advent structural heart devices market growth over the forecast period.
Market Restraint
Lack of skilled personnel and low affordability is expected to restrain growth of the global structural heart occluder market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global structural heart occluder market during the forecast period. This is owing to growing preference for minimally invasive procedures in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing awareness regarding cardiac diseases.
Competitive Section
Major companies involved structural heart occluder market are Abbott Laboratories, Comed B.V., Occlutech International AB, Carag AG, W.L. Gore & Associates Inc., and Boston Scientific.
For instance, in July 2020, Carag AG received the investigational device experimentation (IDE) from the U.S. Food and Drug Administration (FDA) for its Carag Bioresobable Septal Occluder (CBSO).
The Structural Heart Occluder Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Structural Heart Occluder Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Abbott
- WL Gore And Associates
- Boston Scientific
- ...
By the Product Type, the market is primarily segmented into:
- Nickel-titanium
- Stainless Steel (Chromium, Iron, Manganese, Molybdenum, Nickel) Material
By Applications, the market is segmented into:
- Clinical Treatment
- Scientific Research
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Structural Heart Occluder Market Report:
- To assess the size of the market by value and volume
- Analyze the Structural Heart Occluder Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Structural Heart Occluder Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Structural Heart Occluder Market
The Structural Heart Occluder Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Structural Heart Occluder Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
