Heart Valve Repair and Replacement Market

Global Market Study on Heart Valve Repair and Replacement Market: Adoption of Artificial Intelligence-oriented Instruments to drive market expansion

Heart Valve Repair and Replacement Market Segmented By Heart Valve Repair, Heart Valve Replacement, Tissue Heart Valves, Transcatheter Aortic Valve Implantation Product with Aortic Stenosis, Aortic Regurgitation, Mitral Stenosis, Mitral Regurgitation Indication

  • June-2022
  • PMRREP3192
  • 308 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Heart Valve Repair Replacement Market Outlook (2022 - 2028)

The Global Heart Valve Repair Replacement Market value is projected to exceed US$ 12,621.4 million by the year 2028 at a significant CAGR of 10.4%. The heart valve makes sure that the blood flows appropriately. The growing incidences of heart disorders have increased the demand for replacement heart valves. Moreover, the increased preference for minimally invasive procedures along with the technological advancements is encouraging major manufacturers to deliver unique products to the market, which is favorably benefiting the market.

Heart Valve Repair Replacement Market Size (2022)

US$ 6,983.3 Mn

Projected Market Value (2028)

US$ 12,621.4 Mn

Global Market Growth Rate (2022-2028)

10.4% CAGR

Share in parent market

36.9%

Find Out More about the Report Coverage

Companies

  • Medtronic
  • 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

Heart Valve Repair Replacement Market Demand Analysis (2013-2021) v/s Market Outlook (2022 – 2028)

The Heart Valve Repair Replacement Market is likely to have a whopping CAGR of 10.4% over the forecast period. This is mostly due to the increased prevalence of cardiac diseases, which may adversely affect the patients' health and lead to life-threatening stroke or heart failure. Apart from that, technological advancements and improving healthcare systems, especially in developed countries is likely to fuel the market growth.

Customize this Report

Explore Intelligence Tailored to Your Business Goals.

What is expected to keep the Hopes High for Heart Valve Repair Replacement Market?

  • “Increased Prevalence of Cardiac Disorders”

The rising prevalence of cardiac disorders is a major factor driving the growth of the heart valve repair and replacement market. The prevalence of cardiac disorders, particularly among the elderly, is rapidly growing, fueling the growth of the heart valve repair and replacement market. The rapidly expanding elderly population is a major driver to the heart valve repair and replacement market. Cardiovascular disorders such as rheumatic heart disease and aortic stenosis are the major cause of the increasing demand for heart valve repair and replacement globally.

heart-valve-repair-replacement-market

  • “Enhanced Healthcare System”

The healthcare system is quickly transforming and several healthcare institutions are utilizing new and improved technologies to provide patients with better treatments, medications, and therapies. Several government efforts are heavily supporting these improvements. Various reimbursement policies and flexible insurance claims are benefitting the growth of the heart valve repair and replacement market and are likely to continue throughout the forecast period.

  • “Increased Usage of Data Driven Technologies”

Data is important for properly developing and designing heart valves. Market players are designing the finest quality valves with the help of crucial hospital data. Manufacturers are developing smart and intelligent heat valves by implementing data-driven technologies such as IoT and artificial intelligence. The rapid adoption of data-driven technologies is projected to drive market growth in the coming years.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Get actionable insights on Ship Repair And Maintenance Services Market

What restraints is the Heart Valve Repair Replacement Market subject to?

  • “Risk Associated with Heart Valve Replacement”

Heart valve replacement, being an invasive procedure, is linked with a significant risk of harm and is a primary factor restricting the cardiac valve market's growth. Excessive bleeding, arrhythmia, renal issues, stroke, heart failure, blood clots, infection, and other risks are involved with the heart replacement procedure. Although minimally invasive techniques are available with lower risk and problems, the cost of the operation is relatively expensive when compared to invasive surgery. These complications might have a major impact on the patient pool having surgery, impacting the market growth.

Explore Persistence Market Research’s expertise in promulgation of the business !

Competitive Landscape

The Heart Valve Repair Replacement market is highly competitive and consists of significant players that dominate the market. Major players in the market are focusing on extensive research and developmental activities for expanding their product portfolios by launching new, technologically advanced products.

Heart Valve Repair Replacement Market Industry Report Scope

Attribute

Details

Forecast Period

2022-2028

Historical Data Available for

2013-2021

Market Analysis

US$ Mn/Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • India
  • China
  • Japan
  • UAE
  • Australia

Key Market Segments Covered

By Indication

Key Companies Profiled

  • 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

Customization & Pricing

Available upon Request

Heart Valve Repair Replacement Market Categorization

Heart Valve Repair Replacement Market by By Product

  • Heart Valve Repair      
  • Heart Valve Replacement
  • Tissue Heart Valves
  • Transcatheter Aortic Valve Implantation (TAVI)

Heart Valve Repair Replacement Market By Indication

  • Aortic Stenosis
  • Aortic Regurgitation
  • Mitral Stenosis
  • Mitral Regurgitation

Heart Valve Repair Replacement Market By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories

Heart Valve Repair Replacement Market by Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

Media Release

- FAQs -

In 2022, the Heart Valve Repair Replacement Market stands at USD 6,983.3 million, and it is expected to reach USD 12,621.4 million by 2028 at a CAGR of 10.4%.

Heart Valve Repair Replacement Market exhibited a 8.4% CAGR between 2013 and 2021.

Risk associated with heart valve replacement procedures is the key restraints in the Heart Valve Repair Replacement Market.

Increased prevalence of cardiac disorders and enhanced healthcare system are the key factors driving the growth of the market.

CryoLife Inc., LivaNova PLC, Colibri Heart Valve, and JenaValve Technology Inc, are among the top players in the market.

Recommendations

Hematology Analyzers Market

Global Market Study on Hematology Analyzers - collaborations with distributors, CAGR, key focus, top players & strategies that will significantly boost growth through forecast period.

Endoscopes Market

Thus, for the diagnosis of cancer and tumors, doctors prefer endoscopes, due to the efficacy and safety of endoscopic procedures. This boosts the demand for endoscopes and propels the growth of the market..

ECG Devices Market

According to a new report by Persistence Market Research (PMR) - Global ECG devices market is set to grow revenue and it's CAGR of 4.1% between 2016 and 2024.

Single Lead Ecg Machines Market

Global single-lead ECG monitors market was valued at around US$ 344 Mn in 2017 and is estimated to touch US$ 730 Mn by the end of the year of assessment 2025.

Our Clients

Our Clients