Europe Bovine Pericardial Valve Market to Grow at a CAGR of 9.4% to reach US$ 1,229.57 Million from 2020 to 2027
The Europe bovine pericardial valve market is expected to reach US$ 1,229.57 million by 2027 from US$ 604.77 million in 2019; it is estimated to grow at a CAGR of 9.4% from 2020 to 2027.
The key factors driving the growth of bovine pericardial valve are increasing incidence of cardiovascular diseases (CVD) and congenital heart diseases (CHD) and advantages of tissue-based heart valves over mechanical valves in the region. However, limitations associated with the tissue-based valves is the major factor hindering the bovine pericardial valve market growth in Europe.A bovine pericardial valve is also known as a bioprosthetic valve, and it is used for applications such as bio-prosthetic heart valves, dural closure, bone and dental membranes, and surgical buttressing. A bovine pericardial valve is made from collagen and other metallic material or alloy, which provides strength and elasticity.
Congenital heart diseases (CHD) are a major cause for mortality and morbidity. These diseases are usually defined as clinically significant structural heart diseases that occur from the birth. CHD comprises the most common types of birth defects. However, with the advancement in medical science, people suffering from CHD are able to live longer and healthier. According to the NHS, Congenital heart disease is one of the most common types of birth defect, affecting up to 8 in every 1,000 babies born in the UK. According to the NICOR (National Institute for Cardiovascular Outcomes Research) data from 2014, 47% of children in the UK requiring surgery or intervention within the first year of life for CHD were diagnosed antenatally. For instance, according to a survey published in 2018, by International Open Access Journal Covering Cardiovascular Medicine and Surgery, the incidence of CHD in Germany is found approximately among 5-8 people per 1000 births.
Similarly, the cardiovascular diseases (CVD) also pose a significant threat to human health and lead to a remarkable burden on developed economies. For Instance, CVDs are the major cause of death in Europe, especially in UK. In 2003, about 233,000 deaths were estimated in UK. More than 1 in 3 people (38%) die from CVD. Access to essential care for non-communicable diseases such as CVDs through medications and surgical treatments helps to save millions of lives every year. Thus, the increasing incidence of these diseases across European region is expected to augment the demand for bovine pericardial valve market during the forecast period.
The dramatic spread of COVID-19 across various countries in Europe has disrupted lives, livelihood, communities as well as business across the Europe. Organizations, including the Forum and its partners, are coming together and innovating to minimize the impact on public health and to limit disruptions to economies and supply chains. For instance, the European Cardiology Society (ESC) conducted The European Association Percutaneous Cardiovascular Interventions (ECPAI) to study and focus on the impact of COVID-19 on various patients suffering with cardiovascular diseases as well as plans to combat the loss of the business due to the virus.
Rest of Europe Bovine pericardial valve Market, Revenue and Forecast to 2027 (US$ Mn)
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EUROPE BOVINE PERICARDIAL VALVE MARKET SEGMENTATION
By Valve Type
- Aortic
- Mitral
- Others
By Alloy
- Cobalt-chrome
- Titanium
- Nickel Molybdenum
- Others
By End-User
- Hospitals
- Cardiac Centers
- Ambulatory Surgical Centers
By Country
- Germany
- France
- United Kingdom
- Italy
- Spain
Company Profiles
- AFFLUENT MEDICAL SA
- Boston Scientific Corporation
- Edwards Lifesciences Corporation
- Medtronic
- LivaNova PLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Valve Type, Alloy, End User, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Bovine Pericardial Valve Market – By Valve Type
1.3.2 Europe Bovine Pericardial Valve Market – By Alloy
1.3.3 Europe Bovine Pericardial Valve Market– By End User
1.3.4 Europe Bovine Pericardial Valve Market – By Country
2. Europe Bovine Pericardial Valve Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Bovine Pericardial Valve Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Bovine Pericardial Valve Market - Europe PEST Analysis
4.3 Expert Opinion
5. Europe Bovine Pericardial Valve Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Incidence of Cardiovascular Diseases (CVD) and Congenital Heart Diseases (CHD)
5.1.2 Advantages of Tissue Valves over Mechanical Valves
5.2 Key Market Restraints
5.2.1 Limitations Associated with Tissue Based Valves
5.3 Key Market Opportunities
5.3.1 Developing Healthcare Industry
5.4 Future Trends
5.4.1 Growing Reimbursement for Cardiac Valve Surgery
5.5 Impact Analysis
6. Bovine Pericardial Valve Market – Europe Analysis
6.1 Europe Bovine Pericardial Valve Market Revenue Forecasts and Analysis
7. Europe Bovine Pericardial Valve Market Analysis and Forecasts To 2027 – By Valve Type
7.1 Overview
7.2 Europe Bovine Pericardial Valve Market, By Valve Type 2019 & 2027 (%)
7.2.1 Europe Bovine Pericardial Valve Market Revenue and Forecasts to 2027, By Valve Type (US$ Mn)
7.3 Aortic
7.3.1 Overview
7.3.2 Europe Aortic Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Mitral
7.4.1 Overview
7.4.1.1 Europe Mitral Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Europe Others Market Revenue and Forecast to 2027 (US$ Mn)
8. Europe Bovine Pericardial Valve Market Analysis and Forecasts To 2027 – By Alloy
8.1 Overview
8.2 Europe Bovine Pericardial Valve Market, By Alloy 2019 & 2027 (%)
8.2.1 Europe Bovine Pericardial Valve Market Revenue and Forecasts to 2027, By Alloy (US$ Mn)
8.3 Cobalt-Chrome
8.3.1 Overview
8.3.2 Europe Cobalt-Chrome Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Titanium
8.4.1 Overview
8.4.2 Europe Titanium Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Nickel-Molybdenum
8.5.1 Overview
8.5.2 Europe Nickel-Molybdenum Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Bovine Pericardial Valve Market Analysis – By End-User
9.1 Overview
9.2 Europe Bovine Pericardial Valve Market, By End-User 2019-2027 (%)
9.2.1 Europe Bovine Pericardial Valve Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 Europe Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Cardiac Centres
9.4.1 Overview
9.4.2 Europe Cardiac Centres Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Ambulatory Surgical Centers
9.5.1 Overview
9.5.2 Europe Ambulatory Surgical Centers Market Revenue and Forecasts to 2027 (US$ Mn)
10. Bovine Pericardial Valve Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 Europe Bovine pericardial valve Market Revenue and Forecasts To 2027
10.1.1 Overview
10.1.2 Europe: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.3 Europe Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
10.1.4 Europe Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
10.1.5 Europe Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.6 Europe: Bovine Pericardial Valve Market, by Country, 2019 & 2027 (%)
10.1.7 Germany: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 Germany: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 Germany Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 Germany Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 Germany Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.8 UK: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 UK: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 UK Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 UK Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 UK Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.9 France: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 France: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 France Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
10.1.9.3 France Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
10.1.9.4 France Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.10 Spain: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.1 Spain: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.10.2 Spain Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
10.1.10.3 Spain Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
10.1.10.4 Spain Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.11 Italy: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.1 Italy: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
10.1.11.2 Italy Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
10.1.11.3 Italy Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
10.1.11.4 Italy Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
11. Impact of COVID-19 Pandemic on Europe Bovine Pericardial Valve Market
11.1 Europe: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 AFFLUENT MEDICAL SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Boston Scientific Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Edwards Lifesciences Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Medtronic
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 LivaNova PLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. Europe Bovine Pericardial Valve Market Revenue and Forecasts To 2027, By Valve Type (US$ Mn)
Table 2. Europe Bovine Pericardial Valve Market Revenue and Forecasts To 2027, By Alloy (US$ Mn)
Table 3. Europe Bovine Pericardial Valve Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 4. Europe Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 5. Europe Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 6. Europe Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 7. Germany Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Germany Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 9. Germany Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. UK Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 11. UK Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 12. UK Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. France Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 14. France Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 15. France Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 16. Spain Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 17. Spain Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 18. Spain Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 19. Italy Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 20. Italy Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 21. Italy Bovine Pericardial Valve Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 22. Glossary of Terms, Bovine Pericardial Valve Market
LIST OF FIGURES
Figure 1. Bovine Pericardial Valve Market Segmentation
Figure 2. Europe Bovine Pericardial Valve Market Overview
Figure 3. Aortic Segment Held Largest Share of Bovine Pericardial Valve Market
Figure 4. UK is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Europe Bovine Pericardial Valve Market - Leading Country Markets (US$ Mn)
Figure 6. Bovine Pericardial Valve Market - Europe PEST Analysis
Figure 7. Bovine Pericardial Valve Market Impact Analysis of Driver and Restraints
Figure 8. Europe Bovine Pericardial Valve Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. Europe Bovine Pericardial Valve Market, By Valve Type 2019 & 2027 (%)
Figure 10. Europe Aortic Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Europe Mitral Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Europe Bovine Pericardial Valve Market, By Alloy 2019 & 2027 (%)
Figure 14. Europe Cobalt-Chrome Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Europe Titanium Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Nickel-Molybdenum Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Europe Bovine Pericardial Valve Market, by End-User 2019 & 2027 (%)
Figure 19. Europe Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Cardiac Centres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Europe Ambulatory Surgical Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe: Bovine Pericardial Valve Market, by Key Country – Revenue (2019) (USD Million)
Figure 23. Europe Bovine Pericardial Valve Market Revenue and Forecast to 2027 (USD Million)
Figure 24. Europe: Bovine Pericardial Valve Market, by Country, 2019 & 2027 (%)
Figure 25. Germany: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. UK: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. France: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. Spain: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 29. Italy: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 30. Impact of COVID-19 Pandemic in European Country Markets
- AFFLUENT MEDICAL SA
- Boston Scientific Corporation
- Edwards Lifesciences Corporation
- Medtronic
- LivaNova PLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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