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Pulished Date February, 2020
ID: 2491
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Global Prosthetic Heart Valves Market Size, Share, Trends and Growth Analysis Report – Segmented By Product and Region - Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 2491
Pages: 180

Global Prosthetic Heart Valves Market Size (2020 to 2025)

The size of the global prosthetic heart valves market was valued at USD 5.46 Billion in 2020 and estimated to be growing at a CAGR of 12.9% to reach USD 10.02 billion by 2025.

The heart plays a vital role in the proper functioning of the human body by controlling the blood flow. There are mainly four main types of valves in the heart, namely tricuspid, pulmonary, mitral, and aortic valves. A prosthetic heart valve is a device implanted in a patient suffering from valve failures in the heart or other heart diseases, which puts the patient at risk of heart failure. They are implanted both as a pre-emptive treatment and a reactive treatment.

The valves in the heart are integral to the normal functioning of the human body. They are evolved to perform tasks such as controlling the unidirectional flow of blood through the valve structure. Artificial valves must be designed to perform these tasks and be accepted by the body after transplantation, and tissue valves are generally preferred over mechanical valves because of the latter requiring additional anticoagulant administration for the proper functioning of the valve. The requirement is lifelong, whereas the tissue valve has no such needed further treatment.

The U.S. healthcare system has been burdened majorly by valvular heart disease (VHD). Approximately 5 million people are diagnosed annually, according to the American College of Cardiology. The number of aortic stenosis sufferers is 1.5 million worldwide, with almost 500,000 individuals suffering from severe aortic stenosis. Due to calcium build-ups and scarring of the valve cusp due to age, VHD primarily affects the elderly population.

The notable players in this market are Edwards Lifesciences Corporation (U.S.), Medtronic plc (Ireland), and St. Jude Medical, Inc. (an Abbott Laboratories Company, U.S.). For example, Medtronic has developed self-extended percutaneous bioprosthetics, such as CoreValve Evolut R System and Medtronic CoreValve Evolut PRO System, each comprising an Aortic Valve Transcatheter (TAV), among other things. The TAV is an essential component; an artificial heart valve made of pig tissue made flexible and self-expanding by using Nickel and Titanium composite structure for support.

MARKET DRIVERS

The rise of the Prosthetic Heart Valves market is mainly driven by factors such as rising geriatric population, an increase in the prevalence of cardiac disorders such as rheumatic heart diseases, and the change in lifestyle of the people. Other significant contributors include technological advancements, increased patient awareness, demand for minimally invasive cardiovascular surgeries, and a rise in the number of medical centers that have the provision to perform heart surgery.

The Administration on Aging (AoA) predicts that by 2060 the population of individuals aged 65 and over will grow to 98 million. The increasing population and the consequent rise in VHD prevalence are expected to drive the prosthetic heart valve demand growth in the United States. Besides, increased spending on healthcare will also allow the sector to expand. The Centre for Medicare & Medicaid Services (CMS) projects health spending in the U.S. to grow at an average rate of 5.5% per year, eventually reaching nearly US$ 6.0 trillion by 2027.

Factors like advanced technologies for the introduction of new creative products, increasing demand for minimum tend to spread very quick surgeries, rise in the incidence of heart valve disorders is regarded to create opportunities for the global prosthetic heart valves market growth. The surge in massive collaborations and developments, an increase in several collaborations and partnerships, and the launch of products are some of the worldwide market trends.

The significant opportunity for growth in the global prosthetic heart valves market is transcatheter heart valves for new signs or indications. The survival rate is high for valve replacement among the older adults suffering from valvular heart diseases, which leads to increasing demand for advanced prosthetic mitral valve implantation devices, which offers lucrative growth opportunities in the market. The growth opportunities in existing countries like Latin America and the Middle East & Africa and the use of transcatheter heart valves for new indications are regarded to provide numerous opportunities for the global prosthetic heart valves market growth during the foreseen period.

MARKET RESTRAINTS

Despite the numerous advantages, the prosthetic heart valve market remains in check by restraints such as the high costs of the valve as well as the treatment itself and the rigorous approval process for prosthetic valves before they are introduced into the Global Prosthetic Heart Valves Market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Analysed

By Product, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

This research report has been segmented and sub-segmented the global prosthetic heart valves market based on the product and region.

Prosthetic Heart Valves Market - By Product:

  • Mechanical Heart Valve
  • Tissue Heart Valve
  • Stented Tissue Heart Valve
  • Stentless Tissue Heart Valve
  • Transcatheter Heart Valve

Based on product type, Tissue Heart Valve is the fastest-growing segment in the global market. But the Transcatheter Heart Valve segment accounts for the highest share due to an increase in older people and commonness of aortic stenosis, new device approvals, and an increase in adoption rate for Transcatheter heart valve implantation procedure leads to the growth of the market.

Prosthetic Heart Valves Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Regionally, the global prosthetic heart valves market is dominated by North America in 2019, with the region accounting for over a third of the overall market share. North America was followed next in line by Europe and Asia-Pacific. North American region holds a dominant position in the global prosthetic heart valve market, accounting for 41.8% share in terms of value, followed by Europe. Due to well-developed healthcare infrastructure, technological advancements, rising health care expenditure, a growing number of heart surgeries, and increasing government funding in the region.

Asia-Pacific is expected to grow rapidly in the coming years, as evidenced by the high CAGR value for the region. Asia-Pacific is an emerging market that is projected to develop at a rapid rate. As a result of improving health infrastructure and rising incidence of chronic disease in the region, predicting the growth in the prosthetic valves market in the Asia Pacific is realistic. Factors driving the growth of the prosthetic heart valve market in the area are also rising demographics and emerging economies.

TOP COMPANIES IN THE MARKET

Some of the promising companies leading the Global Prosthetic Heart Valves Market profiled in this report are Corvia Medical, CardioKinetix, Biomerics LLC, Lepu Medical Technology, XELTIS BV, Comed BV, HLT, Meril Life Sciences, SYMETIS SA and Transcatheter Technologies GmbH.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Mechanical Heart Valve     

                                5.1.3 Tissue Heart Valve               

                                5.1.4 Transcatheter Heart Valve               

                                5.1.5  Y-o-Y Growth Analysis, By Type    

                                5.1.6  Market Attractiveness Analysis, By Type  

                                5.1.7  Market Share Analysis, By Type    

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Corvia Medical                          

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 CardioKinetix                             

                8.3 Biomerics LLC                             

                8.4 Lepu Medical Technology                     

                8.5 XELTIS BV                    

                8.6 Comed BV                   

                8.7 Meril Life Sciences                   

                8.8 SYSMETIS SA                              

                8.9 HLT                 

                8.10 Transcatheter Technologies GmbH                

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

  1. Global Prosthetic Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  2. Global Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  3. Global Mechanical Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  4. Global Tissue Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  5. Global Transcatheter Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  6. North America Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  7. North America Mechanical Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  8. North America Tissue Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  9. North America Transcatheter Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  10. United States Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  11. Canada Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  12. Europe Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  13. Europe Mechanical Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  14. Europe Tissue Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  15. Europe Transcatheter Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  16. U.K. Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  17. Germany Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  18. France Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  19. Italy Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  20. Spain Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  21. Asia-Pacific Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  22. Asia-Pacific Mechanical Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  23. Asia-Pacific Tissue Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  24. Asia-Pacific Transcatheter Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  25. Japan Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  26. China Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  27. India Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  28. Australia Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  29. South Korea Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  30. Latin America Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  31. Latin America Mechanical Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  32. Latin America Tissue Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  33. Latin America Transcatheter Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  34. Brazil Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  35. Argentina Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  36. Mexico Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  37. Rest of Latin America Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  38. Middle East & Africa Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  39. Middle East & Africa Mechanical Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  40. Middle East & Africa Tissue Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  41. Middle East & Africa Transcatheter Heart Valves Market, By Region, From 2020 to 2025 (USD Million)
  42. Middle East Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)
  43. Africa Prosthetic Heart Valves Market, By Type, From 2020 to 2025 (USD Million)

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