Prosthetic Heart Valve Market Growth ($6.9 Bn by 2031 at 11.1% CAGR) Global Analysis by Allied Market Research

The heart valve disease market is growing due to factors such as the rise in disease burden, increase in geriatric population, and sedentary lifestyle.

The prosthetic heart valve market size was estimated to be $6.9 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.1% from 2022 to 2031, reaching a projected value of $19.7 billion by 2031. The market is segmented by product into mechanical heart valve, tissue heart valve (stented tissue heart valve, stentless tissue heart valve), and transcatheter heart valve, and by region into North America, Europe, Asia-Pacific, and LAMEA. Factors driving market growth include a rise in the burden of valvular heart disease, increasing demand for minimally invasive surgeries, and novel advancements in heart valves, while high cost and availability of alternative treatment options are among the major factors limiting market growth.

Prosthetic heart valves (PHVs) are used to replace diseased native valves in patients with valvular incompetence, stenosis, or both. The demand for heart valve replacement therapies is increasing due to factors such as an aging population and rising cases of heart valve diseases. Mechanical, bioprosthetic, and homograft valves are the three main types of PHVs. The goal of PHVs is to behave like natural valves in terms of hemodynamics and low thrombogenicity. Recent technological advancements have led to the development of effective, long-lasting PHVs with improved hemodynamics, driving up demand. Sales in the future are likely to be boosted by the introduction of durable tissue heart valves, suture-less valves, and anti-calcification technologies. PHVs offer many benefits, such as the longevity of mechanical valves, which can last up to 30 years, and the lower risk of blood clotting on valve surfaces.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (210 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬):https://www.alliedmarketresearch.com/request-sample/2176

The heart valve disease market is growing due to factors such as the rise in disease burden, increase in geriatric population, and sedentary lifestyle. Advancements in heart valves, awareness of surgical treatments, and demand for minimally invasive surgeries are also driving market growth. For example, the American College of Cardiology reports that 5 million Americans are diagnosed with heart valve disease each year. However, high costs and availability of alternative treatment options limit market growth. Computational tools can also approximate fluid mechanics characteristics, such as pressure drops and regurgitation volumes, which drive the heart valve repair and replacement business. The availability of accurate valvar disease detection through these tools boosts the prosthetic heart valve repair and replacement industry.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

1. Abbott Laboratories
2. Medtronic plc.
3. MERIL LIFESCIENCES
4. Boston Scientific Corporation
5. Micro Interventional Devices
6. Direct Flow medical
7. Edwards Lifesciences Corporation
8. LivaNova PLC.
9. JenaValve Technology
10. Cryolife

The market for prosthetic heart valves is growing due to the rising prevalence of valvular heart disease and the increasing necessity for transcatheter aortic valve replacement (TAVR) surgeries. TAVR is a minimally invasive surgical technique used to treat aortic stenosis, a condition that affects the heart's aortic valve. The use of transcatheter valves to replace damaged aortic valves has increased every year, surpassing surgical aortic valve replacement (SAVR) for the first time in 2019. TAVR's annual volume is expected to continue increasing, driven by FDA approval for low-risk patients and the rising incidence of valvular heart disease. This growth is expected to fuel demand for transcatheter valves and drive prosthetic heart valve market expansion.

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐄𝐱𝐩𝐞𝐫𝐭:https://www.alliedmarketresearch.com/connect-to-analyst/2176

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐭 𝐭𝐡𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐫𝐚𝐭𝐞, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 13.1 % 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝.

The North American region dominates the prosthetic heart valve market due to the availability of medical expertise, favorable government regulations, and the launch of new products. The region's high prevalence of lifestyle disorders, such as diabetes and obesity, also contributes to its market dominance. The Asia Pacific region is expected to exhibit a higher CAGR during the forecast period, driven by the rising incidence of cardiac disorders like aortic stenosis, developing healthcare infrastructure, and increased investment by market players in emerging markets like China and India. According to Hope for Hearts, 1 in 8 geriatric people in Australia is suffering from aortic stenosis, with at least 97,000 Australians above 55 years living with severe AS.

The prosthetic heart valve market can be categorized into mechanical heart valve, tissue heart valve (stented and stentless), and transcatheter heart valve. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

North America leads the market due to factors such as an increase in medical expertise, new product launches, and government regulations that provide easy access to production and maintenance of cardiac valve devices. The rise in the prevalence of lifestyle disorders such as diabetes and obesity also contributes to the dominance of the region.

The Asia-Pacific region is expected to have the highest growth rate due to an increase in the prevalence of cardiac disorders such as aortic stenosis, developing healthcare infrastructure in countries like China, India, and the constant focus of market players to invest in emerging markets.

The types of prosthetic heart valves have their advantages and disadvantages. Mechanical heart valves are extremely long-lasting and can last up to 30 years in optimum conditions. However, they increase the risk of blood clotting on the valve surface. Tissue heart valves, on the other hand, are made from biological tissue and are less thrombogenic than mechanical heart valves. Transcatheter heart valves are minimally invasive surgical procedures used to replace a damaged aortic valve.

𝐐𝐮𝐢𝐜𝐤𝐥𝐲 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐏𝐫𝐨𝐬𝐭𝐡𝐞𝐭𝐢𝐜 𝐇𝐞𝐚𝐫𝐭 𝐕𝐚𝐥𝐯𝐞
𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/checkout-final/8ab01159e74decb720f9aa2d2817785b

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