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Prosthetic Heart Valves Market 2019 Growth, COVID Impact, Trends Analysis Report 2025
Prosthetic Heart Valves Market
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Increasing preference towards minimally invasive procedure provide ample opportunity to the prosthetic heart valve market. According to the American Heart Association, a patient’s experience with this procedure may be similar to the treatment of balloon or even an angiogram procedure regarding recovery and downtime and it needs a shorter hospital stay. Due to such benefits, the growth in the use of TAVR is observed in recent years. According to the American College of Cardiology, in the US, approximately one in five people who are undergoing surgical aortic valve replacement are estimated to be at immediate risk. Therefore, the high-risk and immediate patients are considered on the top among all patients to require aortic valve replacement, which in turn, is encouraging the adoption of TAVR.
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Advancement in heart valve replacement
Technological advancement in the heart valve replacement surgeries is augmenting the growth of the global prosthetic heart valve market. Various companies such as Edwards Lifesciences Corp., Boston Scientific Corp., Abbott Laboratories Inc., and Medtronic PLC provides advanced heart valves and received approval for commercialization. For instance, Abbott’s Masters HP 15mm rotatable mechanical heart valve received an FDA approval in March 2018. This mechanical heart valve is one of the smallest heart valves as it can be utilized for the treatment of babies and toddlers in need of a mitral or aortic valve replacement. Therefore, increasing heart valve-related diseases in small babies are driving the demand for mechanical heart valves, which in turn, contributes to the market growth.
Substantial opportunity in emerging economies
The global prosthetic heart valve market is estimated to witness significant growth opportunity in emerging economies. Significant growth in healthcare facilities related to prosthetic heart valves products are observed in emerging economies, such as China, India, and Brazil. Various factors such as increasing incidences of heart valve disorder, growing number of surgeries, and surge in Laboratories diseases such as stroke and others are raising the demand for an advanced mechanical heart valve. Rising medical tourism and the aging population are estimated to support market growth in the emerging market. The growing potential in these emerging markets is attracting market players to serve their healthcare organizations that propel market growth.
Global Prosthetic Heart Valves Market- Segmentation
By Type
Mechanical Heart Valves
Biological/Tissue Heart Valves
Transcatheter Mitral Heart Valves
By End-User
Hospitals
Ambulatory Centers
Global Prosthetic Heart Valves Market– Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Abbott Laboratories Inc.
Boston Scientific Corp.
Braile Biomédica
Cardiosolutions, Inc.
Colibri Heart Valve LLC
CryoLife, Inc.
Edwards Lifesciences Corp.
Hancock Jaffe Laboratories, Inc.
HLT, Inc.
JenaValve Technology, Inc.
Lepu Medical Technology Co., Ltd.
LivaNova PLC
Medtentia International Ltd Oy
Medtronic PLC
Micro Interventional Devices, Inc.
Novostia SA
The Charles Stark Draper Laboratory, Inc.
TTK Healthcare Ltd.
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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