Middle East & Africa Structural Heart Devices Market Size & Outlook
Middle East & Africa structural heart devices market, 2018-2030 (US$M)
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MEA structural heart devices market highlights
- The MEA structural heart devices market generated a revenue of USD 177.5 million in 2023.
- The market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, tavr (transcatheter aortic valve replacement) was the largest revenue generating type in 2023.
- LAAC (Left Atrial Appendage Closure) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 177.5 million |
| Market revenue in 2030 | USD 358.1 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Tavr (transcatheter aortic valve replacement) |
| Fastest growing segment | LAAC (Left Atrial Appendage Closure) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | SAVR (Surgical Aortic Valve Replacement), TAVR (Transcatheter Aortic Valve Replacement), Mitral Repair (Annuloplasty), LAAC (Left Atrial Appendage Closure) |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, Edwards Lifesciences Corp, Abbott Laboratories, St. Jude Medical, LivaNova PLC, Stryker Corp, Lepu Medical, Biomerics, CardioKinetix |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.3% of the global structural heart devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,094.7 million by 2030.
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Structural Heart Devices Market Scope
Structural Heart Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa structural heart devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to structural heart devices market will help companies and investors design strategic landscapes.
Tavr (transcatheter aortic valve replacement) was the largest segment with a revenue share of 52.39% in 2023. Horizon Databook has segmented the Middle East & Africa structural heart devices market based on savr (surgical aortic valve replacement), tavr (transcatheter aortic valve replacement), mitral repair (annuloplasty), laac (left atrial appendage closure) covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa (MEA) region has a significantly growing interest in minimally invasive treatments like TAVI. The driving factors for the structural heart devices market in the MEA region include the increasing prevalence of SHD, the aging population, and the growing awareness and adoption of advanced cardiovascular care technologies.
The region's healthcare infrastructure is improving, with an emphasis on early detection and treatment of SHD, which is facilitated by sophisticated diagnostic networks & well-established healthcare systems. This infrastructure supports the adoption of structural heart devices, including TAVI, which is a less invasive procedure with a lower mortality risk than traditional cardiac surgery.
Moreover, technological advancements have improved procedural outcomes, making it a preferred option for treating severe aortic stenosis and other structural heart conditions. The region's healthcare providers are increasingly recognizing the benefits of TAVI, including its lower risk profile and the ability to treat patients with complex anatomies or those who are not candidates for traditional surgery.
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Target buyers of Middle East & Africa structural heart devices market databook
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Our clientele includes a mix of structural heart devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa structural heart devices market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa structural heart devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA structural heart devices market size, by country, 2018-2030 (US$M)
Middle East & Africa Structural Heart Devices Market Outlook Share, 2023 & 2030 (US$M)
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