Prosthetic Heart Valves Market 2018-2026 | Top Venders: Boston Scientific Corporation, Edwards Lifesciences Corporation, Medtronic plc, LivaNova PLC, Abbott, Jenavalve Technology

Manufacturers are focusing on developing and manufacturing new technological advanced prosthetic heart valve devices to treat heart valve and vascular disease through strategic partnership. For instance, in January, 2016, CryoLife, Inc. completed the acquisition of On-X Life Technologies Holdings, Inc, an Austin, Texas-based, privately held mechanical heart valve company, for On--X mechanical heart valves that are made with the most advanced material – pure pyrolytic carbon. This advanced design and materials creates a lucrative opportunity for the adoption of prosthetic heart valve devices in the hospitals more, which make the surgery smooth with excellent valve performance, safety, and durability.

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The key players operating in the global prosthetic heart valves market include Boston Scientific Corporation, Edwards Lifesciences Corporation, Medtronic plc, LivaNova PLC, Abbott, Jenavalve Technology, Inc., Lepu Medical Technology Co., Ltd., CryoLife, Inc., and Neovasc Inc.

Given the high treatment costs associated with Transcatheter Aortic Heart Valve (TAVR), strict regulations by the government may restraint the market growth during the forecast period. However, if the cost of this technology can be reduced, as is expected with the approval of next-generation devices by manufacturers, the prosthetic heart valve will be the most lucrative market for medical device companies. For instance, in February, 2018, Medtronic Plc’s product- Mosaic bioprosthetic heart valve demonstrated positive performance and Long-Term Durability Up to 12 Years in International Study. This clinical study supports the long-term, robust performance of the Mosaic valve, and reinforces the trend in the decreasing average age of recipients.

The aging population and increasing patient population of heart disease are expected to drive demand for prosthetic heart valve-based treatment in the future. For instance, According to the statistics of World Health Organization in 2012, 17.6 million people died of cardiovascular disease (CVD) worldwide, and proportionally, this accounts for 31.43% of global mortality. Moreover, The emergence of valve-in-valve procedures serves as a significant market opportunity for the prosthetic heart valve. Physicians are opting to use bioprosthetic valves because they are confident that in the case of tissue valve degeneration, they will be able to re-intervene and percutaneously implant a transcatheter valve.

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Detailed Segmentation:

Global Prosthetic Heart Valves Market, By Product Type:
Transcatheter Heart Valves
Mechanical Heart Valves
Tissue Heart Valves
Global Prosthetic Heart Valves Market, By End User:
Hospitals
Ambulatory Surgical Centers

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