According to the World Health Organization (WHO), cardiovascular diseases are the second leading cause of death South & Central America. Therefore, various initiatives are being taken to control cardiovascular diseases. Heart valve disease is expected to be one of the most common causes of heart failure. Degenerative diseases of aortic and mitral valves, and diseases of dysfunctional tricuspid valves lead to a worse clinical course in severe cases. Minimally invasive, surgical, and catheter-based interventions for structural heart disease have increased dramatically recently. The structural heart is an evolving field consisting of heart valve surgeries and transcatheter procedures; therefore, various training programs are being arranged for cardiac surgeons and physicians. Over the past decade, the burgeoning incidence of structural heart disease has necessitated the development of formal training programs to ensure the appropriate competency of workforces. The structure, length, and scope of training vary greatly between programs. Most programs provide solid exposure on transcatheter aortic valve replacement (TAVR) procedures, simultaneously providing a lesser and variable experience of atrial septal or ventricular septal defect closure, left atrial appendage closure, and congenital heart defect interventions. With the advent of TAVR, the MitraClip mitral valve repair system (Abbott Vascular), and left atrial appendage occlusion (LAAO) procedures, there has been a significant increase in the volume of structural cardiac procedures performed for treating patients with complex cardiovascular conditions. Many organizations have developed services and procedural offerings in an organized format for the structural cardiac program to accommodate the influx of patients. Training in SHD is exciting, challenging, and rewarding overall. As the field evolves, standardization of SHD training becomes extremely important to ensure the best quality of patient care. Finding a mentor to help navigate the numerous considerations outlined can be the best asset to successfully transitioning from training to practice.
The South and Central America structural heart is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil is expected to register the largest market share in this region during the forecast period. The flourishing medical tourism sector and growing government initiatives to create awareness about modern healthcare products are the factors contributing to the structural heart market growth in South & Central America. Additionally, the rising prevalence of cardiovascular diseases and hypertension is propelling the structural heart market growth in the region.
South & Central America Structural Heart Market Segmentation
The South & Central America structural heart market is segmented into product, procedure, end user, and country.
Based on product, the South & Central America structural heart market is segmented into occluders, annuloplasty rings, heart valve balloons, and others. The occluders segment held the largest share of the South & Central America structural heart market in 2022.
Based on procedure, the South & Central America structural heart market is segmented into heart valve stenosis, heart valve regurgitation, and left atrial appendage closure. The heart valve stenosis segment held the largest share of the South & Central America structural heart market in 2022.
Based on end user, the South & Central America structural heart market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held the largest share of the South & Central America structural heart market in 2022.
Based on country, the South & Central America structural heart market is segmented into the Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America structural heart market in 2022.
Abbott Laboratories, Medtronic Plc, Boston Scientific Corp, Artivion Inc, Edwards Lifesciences Corp, and Braile Biomedica Industry, Commerce and Representations Ltd are some of the leading companies operating in the South & Central America structural heart market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 770.68 Million |
| Market Size by 2028 | US$ 1,148.35 Million |
| CAGR (2023 - 2028) | 6.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Structural Heart Market is valued at US$ 770.68 Million in 2023, it is projected to reach US$ 1,148.35 Million by 2028.
As per our report South & Central America Structural Heart Market, the market size is valued at US$ 770.68 Million in 2023, projecting it to reach US$ 1,148.35 Million by 2028. This translates to a CAGR of approximately 6.9% during the forecast period.
The South & Central America Structural Heart Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Structural Heart Market report:
The South & Central America Structural Heart Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Structural Heart Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Structural Heart Market value chain can benefit from the information contained in a comprehensive market report.
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