Prosthetic Heart Valve Market - Global Industry Analysis

Prosthetic Heart Valve Market - By Product Type (Mechanical Heart Valves, Biological/Tissue Heart Valves, and Trans catheter Heart Valves) and By End User (Hospitals and Ambulatory Surgery Centers): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028

Published Date: 05-Apr-2022 Category: Healthcare Report Format : PDF Pages: 172 Report Code: ZMR-234 Status : Published

The global Prosthetic Heart Valve Market accrued earnings worth approximately 5,302 (USD Million) in 2021 and is predicted to gain revenue of about 9,941 (USD Million) by 2028, is set to record a CAGR of nearly 9.1% over the period from 2022 to 2028.

Description

The global Prosthetic Heart Valve Market accrued earnings worth approximately 5,302 (USD Million) in 2021 and is predicted to gain revenue of about 9,941 (USD Million) by 2028, is set to record a CAGR of nearly 9.1% over the period from 2022 to 2028. The study provides assessment and analysis of the Prosthetic Heart Valve Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Million).

Prosthetic Heart Valve Market: Overview

First prosthetic valve was implanted in 1950s in a patient having aortic insufficiency. Furthermore, prosthetic valves are available in myriad mechanical & bio-prosthetic size & shape. Reportedly, prosthetic heart valve is referred to as acardiac surgical operation for replacing heart valve with artificial heart valve. Additionally, designing of prosthetic heart valves highlights four components, namely, enhanced optimal hemodynamics, minimization of biological response to prosthetic heart valve, biological longevity, and optimization of delivery tools. Moreover, prosthetic heart valves offer adequate hemodynamics.

Prosthetic Heart Valve Market: Growth Dynamics

Surging incidences of valvular heart disorders is set to boost prosthetic heart valve market trends. In addition to this, a prominent increase in healthcare expenditure is projected to generate new growth avenues for prosthetic heart value industry. Furthermore, aging populace and rise in number of subjects diagnosed with heart valve ailments are predicted to boost demand for heart valve replacement treatments, thereby steering prosthetic heart valve market surge. With prosthetic heart valve witnessing technological breakthroughs, the market for prosthetic heart valve is projected to gain traction in years to come. Rise in government funding on research projects pertaining to heart valve disorders will pave a way for expansion of prosthetic heart valve industry. Surging awareness about heart valve disorders and favorable compensation laws will prompt market growth.

However, use of prosthetic heart valve can produce severe complications such as infection, anticoagulant-related hemorrhage, valvular failure, thrombosis, and tissue hyperplasia. This can hinder growth of prosthetic heart valve industry.

Global Prosthetic Heart Valve Market

Prosthetic Heart Valve Market: Regional Growth Drivers

Asia Pacific Prosthetic Heart Valve Market To Expand Leaps & Bounds In 2022-2028

Expansion of prosthetic heart valve market in Asia Pacific zone over coming six years can be due to rise in health consciousness among the people. In addition to this, rise in government spending on healthcare infrastructure for its improvement and to make it stronger will drive regional market trends. Citing in instance, union budget of India saw allocation of huge funds for healthcare sector in 2021-2022. The allocation of funds for healthcare industry was raised by about 10.1% in its union budget. All such moves will enlarge scope of prosthetic heart valves business in sub-continent over coming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Prosthetic Heart Valve Market: Competitive Insights

Some of the key players have strongly influenced expansion of prosthetic heart valve market and is predicted to do so even in coming decades. They include Perouse Medical SAS, Colibri Heart Valve, LLC, Direct Flow Medical, Inc., St. Jude Medical, Inc., Cytograft Tissue Engineering, Inc., Edwards Lifesciences Company, Heart Leaflet Technologies (HLT), Inc., and The Sorin Group.

The global Prosthetic Heart Valve Market is segmented as follows:

By Product Type

  • Mechanical Heart Valves,
  • Biological/Tissue Heart Valves
  • Trans catheter Heart Valves

By End User

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Prosthetic Heart Valve Market, (2022 - 2028) (USD Million)
    • 2.2 Global Prosthetic Heart Valve Market : snapshot
  • Chapter 3. Global Prosthetic Heart Valve Market - Industry Analysis
    • 3.1 Prosthetic Heart Valve Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Asia Pacific Prosthetic Heart Valve Market To Expand Leaps & Bounds In 2022-2028
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By By Product Type
      • 3.7.2 Market attractiveness analysis By By End User
  • Chapter 4. Global Prosthetic Heart Valve Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Prosthetic Heart Valve Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Prosthetic Heart Valve Market - By Product Type Analysis
    • 5.1 Global Prosthetic Heart Valve Market overview: By By Product Type
      • 5.1.1 Global Prosthetic Heart Valve Market share, By By Product Type, 2021 and 2028
    • 5.2 Mechanical Heart Valves,
      • 5.2.1 Global Prosthetic Heart Valve Market by Mechanical Heart Valves,, 2022 - 2028 (USD Million)
    • 5.3 Biological/Tissue Heart Valves
      • 5.3.1 Global Prosthetic Heart Valve Market by Biological/Tissue Heart Valves, 2022 - 2028 (USD Million)
    • 5.4 Trans catheter Heart Valves
      • 5.4.1 Global Prosthetic Heart Valve Market by Trans catheter Heart Valves, 2022 - 2028 (USD Million)
  • Chapter 6. Global Prosthetic Heart Valve Market - By End User Analysis
    • 6.1 Global Prosthetic Heart Valve Market overview: By By End User
      • 6.1.1 Global Prosthetic Heart Valve Market share, By By End User, 2021 and 2028
    • 6.2 Hospitals
      • 6.2.1 Global Prosthetic Heart Valve Market by Hospitals, 2022 - 2028 (USD Million)
    • 6.3 Ambulatory Surgery Centers
      • 6.3.1 Global Prosthetic Heart Valve Market by Ambulatory Surgery Centers, 2022 - 2028 (USD Million)
  • Chapter 7. Prosthetic Heart Valve Market - Regional Analysis
    • 7.1 Global Prosthetic Heart Valve Market Regional Overview
    • 7.2 Global Prosthetic Heart Valve Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Prosthetic Heart Valve Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028
      • 7.4.1 North America Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028 (USD Million)
    • 7.5 North America Prosthetic Heart Valve Market, by By End User, 2022 - 2028
      • 7.5.1 North America Prosthetic Heart Valve Market, by By End User, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Prosthetic Heart Valve Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028
      • 7.4.1 Europe Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028 (USD Million)
    • 7.5 Europe Prosthetic Heart Valve Market, by By End User, 2022 - 2028
      • 7.5.1 Europe Prosthetic Heart Valve Market, by By End User, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Prosthetic Heart Valve Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028
      • 7.4.1 Asia Pacific Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Prosthetic Heart Valve Market, by By End User, 2022 - 2028
      • 7.5.1 Asia Pacific Prosthetic Heart Valve Market, by By End User, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Prosthetic Heart Valve Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028
      • 7.4.1 Latin America Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028 (USD Million)
    • 7.5 Latin America Prosthetic Heart Valve Market, by By End User, 2022 - 2028
      • 7.5.1 Latin America Prosthetic Heart Valve Market, by By End User, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Prosthetic Heart Valve Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Prosthetic Heart Valve Market, by By Product Type, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Prosthetic Heart Valve Market, by By End User, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Prosthetic Heart Valve Market, by By End User, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Perouse Medical SAS
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Colibri Heart Valve LLC
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Direct Flow Medical Inc.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 St. Jude Medical Inc.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Cytograft Tissue Engineering Inc.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Edwards Lifesciences Company
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Heart Leaflet Technologies (HLT) Inc.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 The Sorin Group.
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Prosthetic Heart Valve Market attractiveness, By By Product Type
  • 6. Global Prosthetic Heart Valve Market attractiveness, By By End User
  • 7. Global Prosthetic Heart Valve Market share by By Product Type, 2022 and 2028 (USD Million)
  • 8. Global Prosthetic Heart Valve Market by Mechanical Heart Valves,, 2022 - 2028 (USD Million)
  • 9. Global Prosthetic Heart Valve Market by Biological/Tissue Heart Valves, 2022 - 2028 (USD Million)
  • 10. Global Prosthetic Heart Valve Market by Trans catheter Heart Valves, 2022 - 2028 (USD Million)
  • 11. Global Prosthetic Heart Valve Market share by By End User, 2022 and 2028 (USD Million)
  • 12. Global Prosthetic Heart Valve Market by Hospitals, 2022 - 2028 (USD Million)
  • 13. Global Prosthetic Heart Valve Market by Ambulatory Surgery Centers, 2022 - 2028 (USD Million)
  • 14. Global Prosthetic Heart Valve Market share, by Region, 2022 and 2028
  • 15. North America Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
  • 16. Europe Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
  • 17. Asia Pacific Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
  • 18. Latin America Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)
  • 19. The Middle-East and Africa Prosthetic Heart Valve Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Prosthetic Heart Valve Market: Snapshot
  • 2. Drivers of the Prosthetic Heart Valve Market: impact analysis
  • 3. North America Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 4. North America Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 5. U.S. Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 6. U.S. Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 7. Canada Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 8. Canada Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 9. Europe Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 10. Europe Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 11. Germany Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 12. Germany Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 13. France Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 14. France Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 15. U.K. Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 16. U.K. Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 17. Italy Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 18. Italy Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 19. Spain Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 20. Spain Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 25. China Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 26. China Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 27. Japan Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 28. Japan Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 29. India Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 30. India Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 31. South Korea Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 32. South Korea Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 33. South-East Asia Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 34. South-East Asia Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 37. Latin America Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 38. Latin America Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 39. Brazil Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 40. Brazil Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 41. Mexico Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 42. Mexico Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 47. GCC Countries Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 48. GCC Countries Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 49. South Africa Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 50. South Africa Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Prosthetic Heart Valve Market revenue, By By Product Type, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Prosthetic Heart Valve Market revenue, By By End User, 2022 - 2028 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Prosthetic Heart Valve market. Zion Research has collected and analyzed key data belong to the global Prosthetic Heart Valve market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Prosthetic Heart Valve across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Prosthetic Heart Valve industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Prosthetic Heart Valve market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Prosthetic heart valve therapy is carried out for the patients suffering from the valvular heart disorder. Heart valve replacement was carried out in the early 1960s. It is reported that more than 60,000 patients undergo replacement surgery in U.S. every year and around 280,000 heart valve replacement cases worldwide. Prosthetic heart valve has 3 major types that are mechanical heart valve, tissue heart valve and transcatheter heart valve which is recently developed technique. Growing R&D for innovated techniques and introduction of new valves and valve replacement therapies foster the growth of prosthetic heart valve market. 

The prosthetic heart valve market is primarily driven by factors such as rapid advancement in technology, rising occurrence of heart disorders and growth in aging population. Moreover, surging healthcare expenditure along with rising focus of major players on R&D for innovative products fuels the growth of the market. In addition, increasing awareness of heart valve replacement and availability of techniques for valve replacement stimulates the growth of the market. However, stringent regulations led by government mainly for use of tissue heart valve and the high cost of the surgery may impede the growth of prosthetic heart valve market. Nevertheless, the introduction of advance and minimally invasive techniques with high efficiency is likely to offer the ample opportunities for this market in the forecast period.

Global Prosthetic Heart Valves Market

There are mainly three types of a prosthetic heart valve that are transcatheter valves, tissue valve, and the mechanical valve. Tissue valve was considered to be the most prominent segment and gathered the highest share in 2015. Tissue valve is extracted from the pig and cow and treated for preventing rejection from the human body. Transcatheter heart valve is utilized to replace the damaged valve in the transcatheter aortic valve replacement (TAVR). In the TAVR, the damaged valve is repaired instead of replacing and is done with minimal invasion. 

North America dominated the prosthetic heart valve market with the highest share in 2015. It is expected that the market in North America will gain traction in the forecast period owing to rising prevalence of heart valve disorders and increasing preference for minimal invasive practices. Moreover, surging demand for tissue heart valve replacement in U.S. will fuel the growth of the market in North America. Asia-Pacific is the fastest growing market for prosthetic heart valve due to rising disposable income along with escalating demand for valve replacement, particularly in India and China. Latin America is anticipated to experience sustainable growth in the coming years owing to unexploited market. The Middle East and Africa is estimated to grow at the moderate pace due to growing awareness and developing technologies.

Competition in the prosthetic heart valves market is intense and to stay competitive, companies are adopting strategies such as product innovation and inorganic growth. Some of the key players in the prosthetic heart valve market are Colibri Heart Valve, LLC, Cytograft Tissue Engineering, Inc. (CTE), Direct Flow Medical, Inc., Edwards Lifesciences LLC, Heart Leaflet Technologies (HLT), Perouse Medical, St. Jude Medical Inc.,and Sorin Group.

Other prominent participants in the market include Symetis, Transcatheter Technologies Gmbh, On-X Life Technologies, Inc., Neovasc Inc., Micro Interventional Devices, Inc, Leman Cardiovascular, JenaValve Technology, Boston Scientific Corporation, Claret Medical, Inc., Medtronic, Inc., TTK Healthcare and Braile Biomédica among others.

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FrequentlyAsked Questions

Surging incidences of valvular heart disorders is set to boost prosthetic heart valve market trends.      

 

According to Zion market research report, The global Prosthetic Heart Valve Market accrued earnings worth approximately 5,302 (USD Million) in 2021 and is predicted to gain revenue of about 9,941 (USD Million) by 2028, is set to record a CAGR of nearly 9.1% over the period from 2022 to 2028

Asia Pacific will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Prosthetic Heart Valve Market size in region over 2022-2028 can be due to rise in health consciousness among the people of region.     

The key industry participants leveraging business space include Perouse Medical SAS, Colibri Heart Valve, LLC, Direct Flow Medical, Inc., St. Jude Medical, Inc., Cytograft Tissue Engineering, Inc., Edwards Lifesciences Company, Heart Leaflet Technologies (HLT), Inc., and The Sorin Group.

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