South Africa Structural Heart Devices Market Size & Outlook
South Africa structural heart devices market, 2018-2030 (US$M)
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South Africa structural heart devices market highlights
- The South Africa structural heart devices market generated a revenue of USD 43.5 million in 2023 and is expected to reach USD 89.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.9% 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 43.5 million |
| Market revenue in 2030 | USD 89.8 million |
| Growth rate | 10.9% (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, South Africa accounted for 0.3% 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 Middle East & Africa, Saudi Arabia structural heart devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 74.9 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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South 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 51.95% in 2023. Horizon Databook has segmented the South 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 South African market for structural heart devices is on the cusp of a substantial expansion, propelled by a multitude of factors. These include the escalating incidence of SHD, the advancement of medical technology, and the growing preference for minimally invasive treatments.
The enhancement of South Africa's healthcare infrastructure, with an emphasis on early detection and treatment of structural heart conditions, has paved the way for the adoption of sophisticated cardiovascular care technologies.
This infrastructure improvement, coupled with favorable reimbursement scenarios for structural heart procedures and devices, as well as regulatory approvals for innovative structural heart devices, has significantly bolstered the market's growth trajectory. TAVI stands out as a pivotal development within the South African structural heart devices market.
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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 South Africa structural heart devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa structural heart devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa structural heart devices market size, by type, 2018-2030 (US$M)
South Africa Structural Heart Devices Market Outlook Share, 2023 & 2030 (US$M)
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