The bovine pericardial valve market size is projected to reach US$ 6.08 billion by 2031 from US$ 2.60 billion in 2022. The market is expected to register a CAGR of 9.9% in 2023–2031. Growing Reimbursement for cardiac valve surgeries is likely to remain a key Bovine Pericardial Valve market trend.
Bovine pericardial valves are widely used in various medical applications, such as bio-prosthetic heart valves, dural closure, bone and dental membranes, and surgical buttressing. The growing number of heart valve interventions is expected to favor the development of new treatments to improve speech.
The demand for bovine pericardial valves in cardiovascular surgeries such as aortic valve replacement and procedures for congenital heart diseases is rising due to their advantages over mechanical valves. The tissue valves, including bovine pericardium, can be used in minimally invasive surgery and in open-heart surgeries. The major advantage of these valves over mechanical valves is the avoidance of lifelong warfarin therapy to prevent the development of blood clots. Thus, the risk of stroke or embolism is low among patients preferring tissue valves to mechanical heart valves. Moreover, the bioprosthetic valves are an ideal choice for geriatric heart patients as they are more vulnerable to the bleeding side effects of warfarin during valve replacement surgery. Thus, the advantages offered by bovine pericardial bioprosthetic heart valves over mechanical valves are expected to foster the bovine pericardial valves market growth during the forecast period.
The rising number of aortic replacement valve surgeries globally boosts the demand for bovine pericardial valves. According to an article published by the Interdisciplinary CardioVascular and Thoracic Surgery in January 2024, a clinical trial including 148 patients who underwent surgical aortic valve replacement with Cingular bovine pericardial bioprosthesis was analyzed. The 5-year follow-up study concluded that this novel bovine pericardial aortic valve exhibited good safety and hemodynamic outcomes.
Bovine pericardial valves are used in pediatric heart valve replacements and congenital heart defect repairs
Key segments that contributed to deriving the Bovine Pericardial Valve Market analysis are valve type, alloy, and end user.
The geographic scope of the bovine pericardial valve Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Bovine Pericardial Valve Market. Factors such as the increasing prevalence of cardiovascular disorders, congenital heart defects, and the presence of leading market players in the region propel regional growth. Furthermore, the growing adoption of bioprostheses, such as bovine pericardial valves as an alternative to mechanical valves for heart valve interventions in the region, will further accelerate the North America bovine pericardial valve market growth. The market will likely experience growth opportunities in Canada and Mexico due to growing medical tourism and an increasing number of hospitals. Asia Pacific is likely to register the highest CAGR in the coming years.
The regional trends and factors influencing the Bovine Pericardial Valve Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Bovine Pericardial Valve Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2.60 Billion |
| Market Size by 2031 | US$ 6.08 Billion |
| Global CAGR (2023 - 2031) | 9.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Valve Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Bovine Pericardial Valve Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Bovine Pericardial Valve Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Bovine Pericardial Valve Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for bovine pericardial valves:
The “Bovine Pericardial Valve Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: