The Prosthetic Heart Valves Market is expected to register a CAGR of 11.4% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Prosthetic Heart Valves Market By Product (Mechanical Heart Valves, Transcatheter Heart Valves, Tissue Heart Valves); End User (Hospitals, Ambulatory Surgical Centers, Cardiac Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Prosthetic Heart Valves Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Prosthetic Heart Valves Market Segmentation
Product- Mechanical Heart Valves
- Transcatheter Heart Valves
- Tissue Heart Valves
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Centers
Strategic Insights
Prosthetic Heart Valves Market Growth Drivers- Rise in Valvular Heart Diseases: The need for prosthetic heart valves is greatly increased by the development in diseases such regurgitation and mitral valve stenosis, amongst others. Every year, almost 5 million Americans receive a heart valve disease diagnosis, underscoring the critical need for surgical procedures.
- Aging Population: Another important aspect affecting market growth is an aging population. The need for prosthetic heart valves that can effectively manage the heart rhythm precisely and safely over long periods of time. The life span is increased by the fact that older persons often need specialized care and long-term medication administration.
- Increase in Minimally Invasive Surgeries: In contrast to open heart surgery, there is a discernible trend toward minimally invasive surgical methods, which shorten recovery periods and minimize risks. The use of prosthetic heart valves that can be installed with less invasive techniques is being driven by this trend.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Technological Advancements: Procedures are becoming less intrusive and more successful thanks to advancements in valve design and delivery methods, such as transcatheter aortic valve replacement (TAVR). These developments improve patient outcomes and are being used more often in clinical settings.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Awareness among Individuals: As a result of patient advocacy groups' efforts to promote heart health awareness, valve disorders are being diagnosed sooner and treated more frequently. The increased demand for prosthetic solutions is a result of this increased awareness. Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Reimbursement Policies: Healthcare facilities are finding it easier to implement modern prosthetic heart valves as a result of improved reimbursement legislation in several nations. By encouraging hospitals and clinics to invest in cutting-edge infusion technologies, this financial assistance propels market expansion. Favorable reimbursement rules for valve replacement treatments in places like North America encourage medical professionals to use more advanced technologies, which drives market expansion.
- Increasing healthcare expenditure: Expanding access to cardiac treatments is made possible by increased investment in healthcare infrastructure, especially in poor nations. Because of increased access to healthcare and rising affluence, the Asia-Pacific area is predicted to experience tremendous growth. Asia Pacific region is expected to witness the highest growth during the forecast period.
- Innovation and Research Investment: With the advent of modern connectivity and increasing healthcare expenditure,the introduction of MRI-compatible prosthetic valves allows patients with these implants to undergo MRI scans safely, broadening the potential patient base and increasing demand for these advanced products.Such a factor has assisted the overall market growth in the recent past and is expected to continue a similar trend during the forecast period.
- Improved Valve Materials and Designs: Bioprosthetic valves are one example of a material innovation that improves patient acceptance and durability. Better hemodynamic performance and a longer lifespan—typically 10-15 years—are two features of these valves that are essential for patient outcomes. Clinical results are improved by the introduction of sutureless and customized valves made possible by technologies like 3D printing, which further customize solutions to the unique anatomy of each patient.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Prosthetic Heart Valves Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Prosthetic Heart Valves Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Increasing healthcare expenditure
The Prosthetic Heart Valves Market is estimated to witness a CAGR of 11.4% from 2023 to 2031
Budgetary Constraints
Asia Pacific region is expected to witness the highest growth during the forecast period
Europe region is expected to witness a high growth rate in terms of CAGR after Asia Pacific region during the forecast period
Rise in Valvular Heart Diseases
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Prosthetic Heart Valves Market - By Product
1.3.2 Prosthetic Heart Valves Market - By End User
1.3.3 Prosthetic Heart Valves Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PROSTHETIC HEART VALVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PROSTHETIC HEART VALVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PROSTHETIC HEART VALVES MARKET - GLOBAL MARKET ANALYSIS
6.1. PROSTHETIC HEART VALVES - GLOBAL MARKET OVERVIEW
6.2. PROSTHETIC HEART VALVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROSTHETIC HEART VALVES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MECHANICAL HEART VALVES
7.3.1. Overview
7.3.2. Mechanical Heart Valves Market Forecast and Analysis
7.4. TRANSCATHETER HEART VALVES
7.4.1. Overview
7.4.2. Transcatheter Heart Valves Market Forecast and Analysis
7.5. TISSUE HEART VALVES
7.5.1. Overview
7.5.2. Tissue Heart Valves Market Forecast and Analysis
7.5.3. Stented Tissue Valves Market
7.5.3.1. Overview
7.5.3.2. Stented Tissue Valves Market Forecast and Analysis
7.5.4. Stentless Tissue Valves Market
7.5.4.1. Overview
7.5.4.2. Stentless Tissue Valves Market Forecast and Analysis
7.5.5. Tissue Engineered Valves Market
7.5.5.1. Overview
7.5.5.2. Tissue Engineered Valves Market Forecast and Analysis
7.5.6. Homo or Heterograft Valves Market
7.5.6.1. Overview
7.5.6.2. Homo or Heterograft Valves Market Forecast and Analysis
8. PROSTHETIC HEART VALVES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.5. CARDIAC CENTERS
8.5.1. Overview
8.5.2. Cardiac Centers Market Forecast and Analysis
9. PROSTHETIC HEART VALVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Prosthetic Heart Valves Market Overview
9.1.2 North America Prosthetic Heart Valves Market Forecasts and Analysis
9.1.3 North America Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.1.4 North America Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.1.5 North America Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.1.5.1 United States Prosthetic Heart Valves Market
9.1.5.1.1 United States Prosthetic Heart Valves Market by Product
9.1.5.1.2 United States Prosthetic Heart Valves Market by End User
9.1.5.2 Canada Prosthetic Heart Valves Market
9.1.5.2.1 Canada Prosthetic Heart Valves Market by Product
9.1.5.2.2 Canada Prosthetic Heart Valves Market by End User
9.1.5.3 Mexico Prosthetic Heart Valves Market
9.1.5.3.1 Mexico Prosthetic Heart Valves Market by Product
9.1.5.3.2 Mexico Prosthetic Heart Valves Market by End User
9.2. EUROPE
9.2.1 Europe Prosthetic Heart Valves Market Overview
9.2.2 Europe Prosthetic Heart Valves Market Forecasts and Analysis
9.2.3 Europe Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.2.4 Europe Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.2.5 Europe Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Prosthetic Heart Valves Market
9.2.5.1.1 Germany Prosthetic Heart Valves Market by Product
9.2.5.1.2 Germany Prosthetic Heart Valves Market by End User
9.2.5.2 France Prosthetic Heart Valves Market
9.2.5.2.1 France Prosthetic Heart Valves Market by Product
9.2.5.2.2 France Prosthetic Heart Valves Market by End User
9.2.5.3 Italy Prosthetic Heart Valves Market
9.2.5.3.1 Italy Prosthetic Heart Valves Market by Product
9.2.5.3.2 Italy Prosthetic Heart Valves Market by End User
9.2.5.4 Spain Prosthetic Heart Valves Market
9.2.5.4.1 Spain Prosthetic Heart Valves Market by Product
9.2.5.4.2 Spain Prosthetic Heart Valves Market by End User
9.2.5.5 United Kingdom Prosthetic Heart Valves Market
9.2.5.5.1 United Kingdom Prosthetic Heart Valves Market by Product
9.2.5.5.2 United Kingdom Prosthetic Heart Valves Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Prosthetic Heart Valves Market Overview
9.3.2 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis
9.3.3 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Prosthetic Heart Valves Market
9.3.5.1.1 Australia Prosthetic Heart Valves Market by Product
9.3.5.1.2 Australia Prosthetic Heart Valves Market by End User
9.3.5.2 China Prosthetic Heart Valves Market
9.3.5.2.1 China Prosthetic Heart Valves Market by Product
9.3.5.2.2 China Prosthetic Heart Valves Market by End User
9.3.5.3 India Prosthetic Heart Valves Market
9.3.5.3.1 India Prosthetic Heart Valves Market by Product
9.3.5.3.2 India Prosthetic Heart Valves Market by End User
9.3.5.4 Japan Prosthetic Heart Valves Market
9.3.5.4.1 Japan Prosthetic Heart Valves Market by Product
9.3.5.4.2 Japan Prosthetic Heart Valves Market by End User
9.3.5.5 South Korea Prosthetic Heart Valves Market
9.3.5.5.1 South Korea Prosthetic Heart Valves Market by Product
9.3.5.5.2 South Korea Prosthetic Heart Valves Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Prosthetic Heart Valves Market Overview
9.4.2 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis
9.4.3 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Prosthetic Heart Valves Market
9.4.5.1.1 South Africa Prosthetic Heart Valves Market by Product
9.4.5.1.2 South Africa Prosthetic Heart Valves Market by End User
9.4.5.2 Saudi Arabia Prosthetic Heart Valves Market
9.4.5.2.1 Saudi Arabia Prosthetic Heart Valves Market by Product
9.4.5.2.2 Saudi Arabia Prosthetic Heart Valves Market by End User
9.4.5.3 U.A.E Prosthetic Heart Valves Market
9.4.5.3.1 U.A.E Prosthetic Heart Valves Market by Product
9.4.5.3.2 U.A.E Prosthetic Heart Valves Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Prosthetic Heart Valves Market Overview
9.5.2 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis
9.5.3 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.5.4 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.5.5 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Prosthetic Heart Valves Market
9.5.5.1.1 Brazil Prosthetic Heart Valves Market by Product
9.5.5.1.2 Brazil Prosthetic Heart Valves Market by End User
9.5.5.2 Argentina Prosthetic Heart Valves Market
9.5.5.2.1 Argentina Prosthetic Heart Valves Market by Product
9.5.5.2.2 Argentina Prosthetic Heart Valves Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PROSTHETIC HEART VALVES MARKET, KEY COMPANY PROFILES
11.1. EDWARDS LIFESCIENCES CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MEDTRONIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON SCIENTIFIC CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ABBOTT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LIVANOVA PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CRYOLIFE, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JENAVALVE TECHNOLOGY, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SORIN GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. COLIBRI HEART VALVE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LEPU MEDICAL TECHNOLOGY CO., LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Edwards Lifesciences Corporation.
2. Medtronic
3. Boston Scientific Corporation
4. Abbott
5. LivaNova Plc
6. CryoLife, Inc.
7. JenaValve Technology, Inc.
8. Sorin Group
9. Colibri Heart Valve
10. Lepu Medical Technology Co., Ltd
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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