Global Prosthetic Heart Valves
Market Report
2025
Global Prosthetic Heart Valves market size was USD 8.7 Billion in 2022 and it is forecasted to reach USD 20.56 Billion by 2030. Prosthetic Heart Valves Industry's Compound Annual Growth Rate will be 13.7% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Prosthetic Heart Valves market size was USD 8.7 Billion in 2022 and it is forecasted to reach USD 20.56 Billion by 2030. Prosthetic Heart Valves Industry's Compound Annual Growth Rate will be 13.7% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Prosthetic Heart Valves Market Sales Revenue 2022 | $ 8.7 Billion |
Global Prosthetic Heart Valves Market Sales Revenue 2030 | $ 20.56 Billion |
Global Prosthetic Heart Valves Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.7% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Prosthetic Heart Valves Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The function of heart valves is to keep the blood flowing in the proper track inside the body. The function of heart valves is to keep blood flowing properly throughout the body. When these valves do not work properly, blood flow is cut off. A Prosthetic heart valve, also known as a heart valve, is a device that is implanted in a patient's heart to improve the function of the heart valves. Because of its strength and durability, pyrolytic carbon is used to manufacture heart valves. Mechanical heart valves are the most common artificial heart valves used in the treatment of patients with valvular disease. There are two types of mechanical heart valves mechanical aortic valve and mechanical mitral valve. The increase in heart valve implantation process is expected to drive the growth of the global prosthetic heart valve market during the forecast period. However, the high cost of instruments will act as restraints for the Prosthetic Heart Valve market during the forecast period. North America held the largest share of the Prosthetic Heart Valve market.
The increase in the number of heart diseases is the main factor driving the growth of the market. For example, according to the World Heart Federation 2022, rheumatic heart disease is a disease that affects 39 million people worldwide. This is a condition in which the heart valves are permanently damaged by rheumatic fever. Also, according to an article titled Reporting the burden of aortic stenosis in the UK published in January 2022, the results showed that the majority of aortic stenosis cases in the UK were 1.48% in 2019, with 291,448 men and women over 55 years old. Therefore, these statistics show that the demand for heart valves will increase in the coming years.
Heart valve replacement is a risky intervention and is the main limitation of heart valve development. Complications associated with this mutation include excessive bleeding, heart failure, kidney problems, stroke, heart failure, blood clots, infections, and more. Although there are minimally invasive procedures with minimal risk and complications, The cost of the procedure is very high compared to invasive procedures. These problems can somehow restrain the Prosthetic Heart Valve market growth. These complications can be reduced by taking proper care and precautions during the procedure.
COVID-19 had a positive impact on the Prosthetic Heart Valve market. Growth in the heart valve industry has increased due to the rise in heart disease among patients with COVID. This eventually led to an increase in the use of different types of heart valves.
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Anteris Technologies Ltd. raised $35 million ($24.21 million) to fund the development of Duravr, a 3D monolithic prosthetic heart valve implant for the treatment of aortic stenosis.
The MITRIS RESILIA valve from Edwards Lifesciences is approved by the US Food and Drug Administration (FDA). It is a tissue replacement specifically designed for the mitral valve function of the heart.
JenaValve Technology, Inc. entered into a strategic investment and exclusive technology licensing agreement with Peijia Medical Limited in China. According to the terms of the contract, Peijia has made a cash and equity investment in JenaValve and will continue to do so in exchange for exclusive rights to develop and market JenaValve's cutting-edge Trilogy TAVR systems in the Greater China area to treat patients with either severe symptomatic aortic regurgitation (AR) or severe symptomatic aortic stenosis.
Top Companies Market Share in Prosthetic Heart Valves Industry: (In no particular order of Rank)
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On the basis of regions, the Prosthetic Heart Valve market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America dominates the Prosthetic Heart Valve market during the forecast period. This is due to well-developed healthcare infrastructure, rising healthcare expenditure, technological advancements and rising number of heart surgeries and rise in government funding in the region.
The current report Scope analyzes Prosthetic Heart Valves Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Prosthetic Heart Valves Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Prosthetic Heart Valves Industry growth. Prosthetic Heart Valves market has been segmented with the help of its Type, Application , and others. Prosthetic Heart Valves market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of Type, the Prosthetic Heart Valve market is segmented into Mechanical Heart Valves, Biological/Tissue Heart Valves, Transcatheter Heart Valves. In terms of type, the transcatheter aortic valve segment is expected to dominate the market during the forecast period. This can be attributed to the increased number of patients with cardiovascular disease, ease of implantation, an increase in the number of centres for transcatheter cardiac surgery and a change in aortic valve replacement procedure.
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By Application, the Prosthetic Heart Valve market is segmented into Hospitals, Ambulatory Surgery Centres. The hospital segment has the highest growth over the forecasting period. This attributed to the increasing hospital standards, better healthcare reimbursement, and improvements in government guidelines for the management of vulvar infections are the main reasons for hospital expansion.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Prosthetic Heart Valves Market is witnessing significant growth in the near future.
In 2023, the Mechanical Heart Valves segment accounted for noticeable share of global Prosthetic Heart Valves Market and is projected to experience significant growth in the near future.
The Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Medtronic plc (Ireland) , Boston Scientific Corporation (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Mechanical Heart Valves, Biological/Tissue Heart Valves, Transcatheter Heart Valves, Others |
Application | Hospitals, Ambulatory Surgery Centres |
List of Competitors | Medtronic plc (Ireland), Edwards Lifesciences Corporation (U.S.), Boston Scientific Corporation (U.S.), St. Jude Medical Inc. (an Abbott Laboratories Company) (U.S.), LivaNova PLC (U.K.), Symetis SA (Switzerland), Jenavalve Technology Inc. (Germany), Cryollife, Inc. (U.S.), , TTK Healthcare Limited (India), Colibri Heart Valve, LLC (U.S.), Lepu Medical Technology Co. Ltd. (China), Braile Biomédica (Brazil) |
This chapter will help you gain GLOBAL Market Analysis of Prosthetic Heart Valves. Further deep in this chapter, you will be able to review Global Prosthetic Heart Valves Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Prosthetic Heart Valves. Further deep in this chapter, you will be able to review North America Prosthetic Heart Valves Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Prosthetic Heart Valves. Further deep in this chapter, you will be able to review Europe Prosthetic Heart Valves Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Prosthetic Heart Valves. Further deep in this chapter, you will be able to review Asia Pacific Prosthetic Heart Valves Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Prosthetic Heart Valves. Further deep in this chapter, you will be able to review South America Prosthetic Heart Valves Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Prosthetic Heart Valves. Further deep in this chapter, you will be able to review Middle East and Africa Prosthetic Heart Valves Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Prosthetic Heart Valves. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Prosthetic Heart Valves market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
Why Mechanical Heart Valves have a significant impact on Prosthetic Heart Valves market? |
What are the key factors affecting the Mechanical Heart Valves and Biological/Tissue Heart Valves of Prosthetic Heart Valves Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Prosthetic Heart Valves Market? |
Which region is expected to dominate the global Prosthetic Heart Valves Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Company Level |
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Additional Quantitative Data |
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