Global Prosthetic Heart Valves Market is expected to register a CAGR of approx. 11% over the period of 2022-2028. The prosthetic heart valve market is rising due to the growing number of people suffering from heart valvular diseases. Some novel advancement in the making of the heart valve is increasing which is likely to aid the growth of the prosthetic heart valve market. For instance, in March 2021, the U.S. FDA approved the Harmony TPV (Transcatheter Pulmonary Valve) System for the treatment of adult and pediatric patients having a native or surgically repaired RVOT (right ventricular outflow tract). Owing to these glaring statistics the demand for prosthetic heart valves is anticipated to grow in the forthcoming years as their chances of recovery after surgery are very high and they are harmless. According to UnivDatos Market Insights (UMI)’ research report “global prosthetic heart valves market”, the market is expected to witness a robust growth during the forecast period 2022-2028F. Moreover, the availability of computational tools allows for accurate valvar disease detection, which leads to proper treatment fueling the demand for the prosthetic heart valve market. Furthermore, the growing demand for minimally invasive surgeries is expected to drive the market for prosthetic heart valve market in the coming years.
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Based on the types of valves, the prosthetic heart valve market is segmented into transcatheter heart valves, tissue heart valves, and mechanical heart valves. The transcatheter heart valve segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe because of an increase in cardiovascular disease and a rise in demand for cardiac valve replacement therapy.
Based on the end-users, the market is bifurcated into hospitals, ambulatory surgical centers, and others. The hospital segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe owing to the increasing construction of hospitals and a surge in the number of heart surgeries in the hospital setting.
North America to witness extensive growth
For a better understanding of the market adoption of the prosthetic heart valves market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the prosthetic heart valve industry owing to the rise in medical expertise, new product launches, and government regulations that provide favorable reimbursement scenarios.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global prosthetic heart valves market are Edwards Lifesciences Corporation, Medtronic plc., Boston Scientific Corporation, Abbott Laboratories, LivaNova PLC, Artivion Inc, Braile Biomédica, Colibri Heart Valve LLC, JenaValve Technology Inc, Micro Interventional Devices Inc Several MA’s along with partnerships have been undertaken by these players to boost their presence in different regions.
“Global Prosthetic Heart Valves Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
- By Types Of Valves (Transcatheter Heart Valve, Tissue Heart Valve, Mechanical Heart Valve)
- By Diseases (Aortic Valve Disease, Mitral Valve Disease, Pulmonary Valve Disease)
- By End-Users (Hospitals, Ambulatory Surgical Centers, Others)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- By Company (Edwards Lifesciences Corporation, Medtronic plc., Boston Scientific Corporation, Abbott Laboratories, LivaNova PLC, Artivion Inc, Braile Biomédica, Colibri Heart Valve LLC, JenaValve Technology Inc, Micro Interventional Devices Inc.)
Key questions answered in the study:
- What are the current and future trends of the global prosthetic heart valve industry?
- How the industry has been evolving in terms of types of valves, diseases, and end-users?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global prosthetic heart valve industry?
- What is the customer orientation, purchase behavior, and expectations from the global prosthetic heart valve suppliers across various region and countries?