Global Prosthetic Heart Valve Market – Size by Type, By Distribution Channel, And Forecast till 2022-2031

Global Prosthetic Valves Market – Drivers, Restraints, Opportunities, Trends, and Forecasts: 2022–2031


Overview: Prosthetic heart valve, also known as an artificial heart valve, is implanted in the heart of an individual with cardiac vascular disease (valvular heart disease). The prosthetic valve is made of strong material such as carbon or titanium. There are three types of prosthetic heart valves: mechanical heart valve, transcatheter heart valve, and tissue or bio-prosthetic heart valve. The individuals have the choice of selecting prosthesis depending on their health condition and surgeon’s recommendation. The heart valve replacement procedure helps to remove the diseased valve and replace with an artificial valve. The recommendation of the prosthetic valve is based on two considerations: high likelihood of failure of tissue prosthesis within a short period of time and high probability of the need for long-term anticoagulation in an individual with severe mitral stenosis due to atrial fibrillation. However, individuals aged below 60 will benefit from the prosthetic mechanical valve and individuals aged above 70 would benefit from a bio-prosthetic valve.

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Heart valves are essential for proper flow of the blood in the right direction. If the heart valves do not work properly, blood disruption occurs causing a condition called stenosis. This condition restricts the amount of blood that can flow and lead to various heart conditions such as coronary artery disease, congenital heart defects, degenerative valve disease, rheumatic fever, and bacterial endocarditis (infections).
The market is growing at a faster pace and is expected to proliferate in the emerging countries. Factors such as increasing lifestyle diseases, smoking population, growing aging population, favorable reimbursement, and technological advancements in products are driving the growth of the market. However, lack of awareness about the disease, stringent regulatory approval procedures, and risk associated with the procedure are hampering the growth of the market.

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The market is dominated by Abbott Laboratories, Boston Scientific Corp., Medtronic plc, Edwards Lifesciences Corp., and LivoNova, PLC (Sorin Group) with maximum revenue generation in the global prosthetic valves market.


Market Analysis: The global prosthetic valves market is estimated to witness a CAGR of 13.7% during the forecast period 2018–2024. The market is analyzed based on three segments, namely product type, end-users, and regions.


Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). North America is set to be the leading region for the prosthetic valves market growth followed by Europe. Asia Pacific and ROW are set to be the emerging regions. The emerging markets have a high potential to grow due to increase in the patient population and focus on healthcare infrastructure. The market has the lowest penetration in the emerging regions, and most of the vendors are targeting to penetrate in countries such as India, China, Thailand, Vietnam, etc. However, the risk associated with the prosthetic valve, stringent regulations for approval, lack of skilled surgeons, and paucity lack of awareness about advanced diagnostic tools in the developing countries have a significant impact on the overall market growth.


Product Analysis: The transcatheter heart valve market is growing faster and dominates the global prosthetic valve market with more than 62% of the share. The increasing aging population, the rise in the prevalence of CVD, and growing adoption of transcatheter aortic valve replacement procedures (TAVR) are driving the market growth. Multi-modality cardiac imaging tools such as MRI, CT scan, and ultrasound are highly adopted to diagnose various valvular diseases. The advancements in heart valve technologies, i.e., 100% sutureless solution aortic valve replacement by LivaNova (Sorin Group), have revolutionized the valvular replacement procedures. Further, the use of biodegradable and synthetic polymeric scaffolds for exogenous stimulation of tissue growth with extracellular matrix has created tremendous opportunities for tissue engineering.

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