Global Market Study on Heart Valve Repair and Replacement: North America Projected to Retain Dominance throughout 2014-2020


  • Published On : Apr-2015 |
  • Pages : 72 Pages |
  • Format :

Persistence market research report examines the global heart valve repair and replacement market for a six-year forecast period, 2014-2020, considering 2013 as base year for calculation purposes. The main objective of this report is to offer an extensive analysis and estimation of the overall market-related information, factors that drive growth of the market, factors that inhibit growth of the market, trends, recent developments, analysis based on segmentation, international players operating in the global market and regional markets. Quantification of data has been taken into consideration along with the provision of quality insights, collected directly from the market through discussions with various surgeons, product managers, and market managers. The market analysis is conducted taking into consideration the factors mentioned previously.

To understand and assess the opportunities in the global heart valve repair and replacement marketplace, the market is categorized in terms of various kinds of treatment or operations, region and types of replacements. The report primarily disseminates all the information regarding the market dynamics, key drivers and restraints, challenges posed in the market for key players operating in the market, and segmentation on the basis of region. On the basis of various treatments and surgeries, the market is classified into mechanical heart valve surgery, tissue heart valve surgery, and transcathater heart valve surgery. All the segments are taken into consideration and analyzed to understand the individual segments and their relative contribution towards growth of the market.

The next section of the report throws light on segmentation on the basis of region. The report examines and analyzes predictions and market sizes for Europe, North America, Asia Pacific and Rest of the World (ROW). The report further takes into consideration annual growth on the basis of number of treatment conducted per year. The last section of the report offers a dashboard view of leading international players operating in the global heart valve repair and replacement market. 

Research Methodology

To deduce the global heart valve repair and replacement market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, region, and application type; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global heart valve repair and replacement market.

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global heart valve repair and replacement market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.

Another key feature of this report is an analysis of the global heart valve repair and replacement market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global heart valve repair and replacement market. Further, to understand key segments in terms of their growth and overall global heart valve repair and replacement market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global heart valve repair and replacement market.

Work-oriented lifestyle, rising old population, and irregular sleep are a few factors to stumble upon, which lead to severe cases of cardiovascular diseases. In addition, consumption of excessive saturated trans-fat food has been led to various cardiovascular disorders, which in turn has accelerated demand for heart valve repair and replacement services. Such factors have led to compelling demand for heart valve repair and replacements in the global market of heart valve repair and replacement market.  Functions of heart valves mainly includes maintaining a healthy cardiac cycle. Disorders related to heart valves are classified as regurgitation and stenosis, which result in leakage of blood back into heart. Abnormalities and symptoms related to heart valves depends on the degree of severity and affected valve. Heart valve related disorders are mainly mechanical and application of heart valve repair and replacement treatment, fixes impaired leaflet tissues, and eliminates unnecessary tissues to resize the heart valve. The global heart valve repair and replacement market is projected to escalate from US$ 2,281.2 Mn in 2014 to US$ 3,767.0 Mn in 2020, expanding at a CAGR of 8.7% over the forecast period.

Key Market Dynamics

Surge in medical tourism encouraging heart valve repair and replacement treatment in parallel with technological developments enhancing devices and treatment regarding heart valve repair and replacement are encouraging factors that boost demand for heart valve repair and treatment-related services. Owing to such factors, demand for various devices, tools and equipment that finds application in heart valve repair and replacement operations are further predicted to witness an upsurge in the global heart valve repair and replacement market. Into the bargain, dynamic and unhealthy lifestyle, sedentary lifestyle, surge in old section of the population, unhealthy consumption and irregular meals are the consequences of obesity, and various cardiovascular diseases and disorders. Such factors lead to an upsurge in demand for products and services pertaining to heart valve repair and replacement treatment, which in turn is estimated to rev up growth of the market during the forecast period.

Conversely, innumerable risks and disorders associated with heart valves such as uneven heart beats, respiratory issues, and clotting issues are disorders arising from various factors such as unhealthy lifestyles, which lead to complications in the functioning of the heart and associated treatments. Additionally, shortage of healthcare units and clinics in various developing countries are anticipated to restrain growth of the market in the span of next six years.

Segment Analysis

On the basis of product type, the global heart valve repair and replacement market is classified into heart valve replacement and heart valve repair. On the basis of replacement type, the global heart valve repair and replacement market in segment into mechanical heart valve, transcatheter heart valve, and tissue heart valve.

On the basis of region, cardiovascular disorders are prevalent in the region of North America, owing to unhealthy lifestyle and growing rate of obesity. Annually, around 70,000 heart valve treatment are conducted for mitral valve stenosis. However, due to increasing old population, surge in unhealthy lifestyle and diseases, the market growth is projected to witness an upsurge. Annually, nearly 50,000 valve replacement treatments take place in Europe and various cardiovascular disorders have resulted in innumerable deaths in the region. Yet, the global heart valve repair and replacement market is estimated to witness significantly high growth of heart valve repair and replacement market in Asia Pacific due to surge in medical tourism, rising old population, increasing sedentary and unhealthy lifestyle, inculcating unhealthy habits.

Key Market Players

Some key players operating in the global heart valve repair and replacement market include St. Jude Medical, Inc., Edwards Lifesciences Corporation, Abbott Laboratories, Inc., and Boston Scientific Corporation.   

Some of the major players in the heart valve repair and replacement market:

  • Edwards Lifesciences Corporation.
  • St. Jude Medical, Inc.
  • Medtronic, Inc.
  • Sorin Group.
  • Boston Scientific Corporation.
  • Abbott Laboratories, Inc.
  • Other.

These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

Back To Top