Norway Structural Heart Devices Market Size & Outlook
Norway structural heart devices market, 2018-2030 (US$M)
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Norway structural heart devices market highlights
- The Norway structural heart devices market generated a revenue of USD 33.5 million in 2023 and is expected to reach USD 79.7 million by 2030.
- The Norway market is expected to grow at a CAGR of 13.2% 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.
Structural heart devices market data book summary
| Market revenue in 2023 | USD 33.5 million |
| Market revenue in 2030 | USD 79.7 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Tavr (transcatheter aortic valve replacement) |
| Fastest growing segment | LAAC (Left Atrial Appendage Closure) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Norway accounted for 0.2% of the global structural heart devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany structural heart devices market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,620.3 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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Norway 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 55.82% in 2023. Horizon Databook has segmented the Norway 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.
Norway's structural heart devices market is witnessing notable growth driven by various factors, including the aging population, increasing prevalence of CVDs, and advancements in medical technology. The Norwegian healthcare system's emphasis on innovation and patient-centric care further propels this market forward.
TAVI plays a pivotal role in structural heart devices by offering less invasive treatment options for conditions like aortic stenosis. TAVI procedures involve implanting a collapsible valve through a catheter, thereby reducing recovery time, hospital stays, and overall procedural risks compared to traditional open-heart surgery.
Norway's progressive healthcare policies, coupled with a growing demand for minimally invasive interventions, position it as a key market for structural heart devices like TAVI, meeting the evolving needs of patients and healthcare providers alike.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Norway structural heart devices market , including forecasts for subscribers. This country databook contains high-level insights into Norway structural heart devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway structural heart devices market size, by type, 2018-2030 (US$M)
Norway Structural Heart Devices Market Outlook Share, 2023 & 2030 (US$M)
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