Global Market Study on Heart Valve Repair & Replacement: Innovation of New Devices Marks a Significant Trend


Heart Valve Repair Replacement  Market
  • Published On : May-2019 |
  • Pages : 308 Pages |
  • Format :

A recent market study published by PMR– “Heart Valve Repair and Replacement Market: Global Industry Analysis 2013-2017 & Opportunity Assessment, 2018-2028” consists a comprehensive assessment of the most important market dynamics. Upon conducting detailed research on the historic as well as current growth parameters of the heart valve repair and replacement market, the growth prospects of the market are obtained with maximum precision.

The report features the unique and salient factors that are likely to have a significant impact on the development of the heart valve repair and replacement market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the heart valve repair and replacement market in the coming years. The report provides detailed information about the current and future growth prospects of the heart valve repair and replacement market in the most comprehensive manner for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the heart valve repair and replacement market report, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the heart valve repair and replacement market.

Chapter 2 – Market Overview

Readers can find detailed taxonomy and the definition of the heart valve repair and replacement market in this chapter, which will help them understand the basic information about the heart valve repair and replacement market dynamics, supply chain, cost structure and pricing analysis. In addition, a list of the key distributors & suppliers and a list of the key market participants is included in this chapter.

Chapter 3 – Global Heart Valve Repair and Replacement Market Analysis (2012-2016) & Opportunity Assessment (2018-2028), By Product Type

Based on the product type, the heart valve repair and replacement market is segmented into heart valve repair products, heart valve replacement products, tissue heart valves, and transcatheter aortic valve implantation products. In this chapter, readers can find information about the key trends and developments in the heart valve repair and replacement market, the market attractive analysis based on the product type, and various products used for it. In this chapter, readers can find information about the key trends and developments in the heart valve repair and replacement market and market attractive analysis based on the product type for each region.

Chapter 4 – Global Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By Disease Indication

Based on the disease indication type, the heart valve repair and replacement market is segmented into aortic stenosis, aortic regurgitation, mitral stenosis, and mitral regurgitation. In this chapter, readers can find information about the key trends and developments in the heart valve repair and replacement market and market attractive analysis based on the disease indication.

Chapter 5 – Global Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By End User

Based on the end user, the heart valve repair and replacement market is segmented into hospitals, ambulatory surgical centers, and cardiac catheterization laboratories. In this chapter, readers can find information about the key trends and developments in the heart valve repair and replacement market and market attractive analysis based on the end user.

Chapter 6 – Global Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By Region

This chapter explains how the heart valve repair and replacement market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa. 

Chapter 7 – North America Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter includes a detailed analysis of the growth of the North America heart valve repair and replacement market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on the product type, disease indication type, end users, and country of the heart valve repair and replacement market in the North American region.

Chapter 8 – Latin America Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Readers can find detailed information about factors such as the regional trends that are impacting the growth of the Latin America heart valve repair and replacement market. This chapter also includes the growth prospects of the heart valve repair and replacement market in the leading LATAM countries such as Brazil, Mexico, Argentina, and rest of the Latin America region.  

Chapter 9– Europe Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Important growth prospects of the heart valve repair and replacement market based on the product types, disease indication, and end user in several European countries, such as EU4, UK, BENELUX, Nordic, and Eastern Europe, are included in this chapter.

Chapter 10– East Asia Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Important growth prospects of the heart valve repair and replacement market based on its product types, disease indications, and end users in several European countries, such as South Korea, Japan, and China, are included in this chapter.

Chapter 11– South Asia Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Important growth prospects of the heart valve repair and replacement market based on its product types, disease indication, and end user in several countries, such as Thailand, Indonesia, Malaysia, India, and the rest of South Asia, are included in this chapter.

Chapter 12– Oceania Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Important growth prospects of the heart valve repair and replacement market based on its product types, disease indications, and end users in several countries, such as Australia and New Zealand, are included in this chapter.

Chapter 13 – MEA Heart Valve Repair and Replacement Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter provides information about how the heart valve repair and replacement market will grow in the major countries of the MEA region, such as GCC Countries, South Africa, and the rest of MEA, during the period 2013-2028.

Chapter 14 – Competition Landscape, Company Share, and Company Profiles

In this chapter, readers can find a comprehensive list of all the leading stakeholders of the heart valve repair and replacement market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Market players featured in the report include Medtronic plc. Abbott Laboratories, Edwards Life sciences, Boston Scientific Corporation, LivaNova PLC, CryoLife, Inc., Colibri Heart Valve LLC, JenaValve Technology, Inc., Micro Interventional Devices, Inc., Braile Biomedica, Aortech International, and Arbor Surgical Technologies, Inc.

Chapter 15 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 16 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the heart valve repair and replacement market.

Availability of advanced computational tools is likely to boost the market

Various numerical methods have been introduced to solve problems pertaining to the fluid dynamics associated with the valve design, which is expected to boost the heart valve repair and replacement market.

Computational tools can also be used to approximate other parameters of fluid mechanics, such as pressure drops, regurgitation volumes, or turbulence, which is another major driver of the heart valve repair and replacement market.

Moreover, the availability of computational tools enables the accurate diagnosis of valvular diseases, which results in appropriate treatment, thus boosting the heart valve repair and replacement market.

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Rising competition and innovations are likely to boost the overall heart valve repair and replacement market

Several companies are focusing on the launch of new transcatheter valves for heart valve repair and replacement. At present, only Medtronic’s CoreValve and Edwards Lifesciences’ Sapien and Sapien XT are used globally. However, several devices have received regulatory approval in Europe and are currently in the process of carrying out clinical trials to gain FDA approval, which is expected to drive the heart valve repair and replacement market.

Some of the devices, such as Boston Scientific’s Lotus Valve System, which have received CE marks in Europe, have demonstrated good clinical performance.

The innovation and development of these new devices can increase competition in the heart valve repair and replacement market and hence, which is likely to be an important factor in driving the heart valve repair and replacement market.

Increasing incidence of valvular heart defects is a major driver of the heart valve repair and replacement market 

The increasing incidence of valvular heart defects is an important factor that is responsible for the growth of the heart valve repair and replacement market. The incidence of valvular heart disease, especially among the ageing population, is increasing at a rapid pace, thus boosting the heart valve repair and replacement market.  

Increasing geriatric population is an important factor boosting the growth of the heart valve repair and replacement market. Growth of the global heart valve repair and replacement market can also be attributed to an increase in the incidence of cardiovascular diseases such as rheumatic heart diseases and aortic stenosis.

In developed countries, calcific aortic stenosis is a leading cause of valvular heart disease, with 0.4% of the general population suffering from it. This is another factor that is responsible for the growth of the heart valve repair and replacement market.

According to the World Health Organization, rheumatoid arthritis affects about 15.6 million people worldwide, with 2,82,000 new cases and 233 000 deaths each year.

Favourable reimbursement policies are likely to boost the overall market

Various reimbursement policies have proven to be favorable for the growth of the heart valve repair and replacement market. For instance, Medicare—a national social insurance program in the U.S.—covers reimbursement for patients whose aortic heart valves are damaged and need replacement. Similarly, in May 2012, the Food and Drug Administration and Centers for Medicare and Medicaid Services (CMS) jointly approved insurance coverage for transcatheter aortic valve replacement in high-risk patients suffering from severe aortic stenosis.

Increasing number of heart valve repair and replacement procedures is expected to fuel the growth of the market

In February 2012, according to National Center for Biotechnology Information, around 2,75,000 to 380,000 heart valve implantations were performed among aging patients in developed countries each year.

Tissue heart valves are mostly used in developed regions, such as the U.S and Europe, and mechanical valves are used in Asia and Latin America owing to the latter being significantly more cost-effective.

Competitive Landscape

The competition section of the report features the profiles of the key players operating in the heart valve repair and replacement market based on their market shares, development strategies included in heart valve repair and replacement, product lines, marketing strategies to boost their share in the heart valve repair and replacement market, and a dashboard view of companies that manufacture heart valve repair and replacement products. Examples of some of the key players featured in this report include Medtronic plc., Abbott Laboratories, Edwards Life sciences, Boston Scientific Corporation, LivaNova PLC, CryoLife, Inc., Colibri Heart Valve LLC, JenaValve Technology, Inc., Micro Interventional Devices, Inc., Braile Biomedica, Aortech International, and Arbor Surgical Technologies, Inc.

Medtronic is a global healthcare solutions company operating in approximately 160 countries. The company is committed to improving lives through its medical technologies, services, and solutions. The company is seizing important growth opportunities for the coronary & structural heart business segment to deliver differentiated therapy to cardiac patients.

Abbott is expanding its footprint in the global prosthetic heart valve repair and replacement market by leveraging not only its acquisitions, but also its R&D and new product launches.

Request Information on the Heart Valve Repair and Replacement Market Competitive Landscape

Definition

Heart valve repair and replacement includes the repair or replacement of the damaged heart valve due to the occurrence of heart valvular disease. A prosthetic heart valve is a device that mimics the function of human heart valves and has a passive mode of functioning. The closing and opening of heart valves are responses to pressure and flow changes within the heart. They are for patients suffering from heart valvular disease who need their valves to be replaced.

About the Report

PMR conducted a research study on the heart valve repair and replacement market for the forecast period 2018 to 2028. The heart valve repair and replacement market report offers a comprehensive evaluation of the business opportunities prevailing in the heart valve repair and replacement market, along with insights on the current trends pertaining to the heart valve repair and replacement market, as well as their multiple applications. The report elaborates the macroeconomic factors influencing the dynamics of the heart valve repair and replacement market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of the heart valve repair and replacement market based on the product type, disease indication, end user, and region. There are two types of heart valve repairs: mitral valve annuloplasty rings and transcatheter mitral valve repair. Heart valve replacement is divided into mechanical sutured aortic valve replacements and mechanical sutured mitral valve replacements. Tissue heart valves are of three types: tissue sutured aortic valve replacements, tissue sutured mitral valve replacements, and tissue suture-less aortic valve replacements. Transcatheter Aortic Valve Implantation (TAVI) is another category of the product type of the heart valve repair and replacement market.

On the basis of disease indication, the heart valve repair and replacement market has been segmented into aortic stenosis, aortic regurgitation, mitral stenosis, and mitral regurgitation.

Based on the end user, the heart valve repair and replacement market has been segmented into hospitals, ambulatory surgical centers, and cardiac catheterization laboratories.

Additional Questions Answered

Some of the additional questions addressed in this report on the heart valve repair and replacement market-

  • What is the revenue potential of the heart valve repair and replacement market across regions of North America and Europe?
  • Who are the key competitors and what are their portfolios in the heart valve repair and replacement market?
  • What are major challenges influencing the growth of the heart valve repair and replacement market?
  • How does intervention from regulatory authorities shape the growth of the heart valve repair and replacement market?

For answers of all the possible questions required for gauging performance of metagenomics market, get in touch with our expert analyst.

Research Methodology

The heart valve repair and replacement market is derived on the basis of the supply-demand approach. A triangulation methodology is adopted to derive the size of the market, which is primarily based on the epidemiology of heart valvular diseases and the types of heart valves. The country-specific data is derived for understanding the market at the global level. The heart valve repair and replacement market has been derived by conducting primary research and secondary research. Primary research includes telephonic interviews and secondary research includes various databases for the collection of appropriate data.

Company Profiles:

  • Abbott 
  • Edwards Lifesciences Corporation 
  • Boston Scientific Corporation
  • CryoLife, Inc.
  • LivaNova PLC
  • Colibri Heart Valve
  • JenaValve Technology, Inc.
  • Micro Interventional Devices, Inc.
  • Braile Biomedica
  • Arbor Surgical Technologies, Inc.
  • Aortech International Plc
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