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Cardiac Valve Market 2023 International Expansion, Future Growth, Industry Insights And Forecast To 2032 | Major Players Are LivaNova PLC, Abbott Laboratories, Colibri Heart Valve LLC, TTK HealthCare Limited, Artivion Inc
Cardiac Valve Market
The Business Research Company's Cardiac Valve Global Market Report 2023 identifies rising incidence of cardiovascular diseases as the major driver for the Cardiac Valve Market's growth in the forecast period. The prevalence of cardiovascular disease has gradually increased due to smoking, obesity, a lack of physical activity, and other factors that strain the cardiovascular system. The most common cause of coronary artery disease is arteries' build-up of fatty plaques. These gradual increases in heart-related diseases raised the demand for the cardiac valve to treat heart valve problems.
The global cardiac valve market size grew from $8.35 billion in 2022 to $9.51 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cardiac valve is expected to grow to $15.39 billion in 2027 at a CAGR of 12.8%.
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Major competitors in the cardiac valve market are LivaNova PLC, Abbott Laboratories, Colibri Heart Valve LLC, TTK HealthCare Limited, Artivion Inc., JenaValve Technology Inc., Edwards Lifesciences Corporation, Lepu Medical Technology Co., Ltd., Braile Biomédica, Foldax Inc., Sorin SpA, Neovasc Inc., The RUA Life Sciences group, Translumina Therapeutics Private Limited, and On-X Life Technologies.
A key trend in the Cardiac Valve Market includes technological advancement. Major companies operating in the cardiac valve market are concentrating on technologies such as neochordae implantation, annuloplasty ring, and robotic surgery to strengthen their market position. These innovative technologies help to protect patients from life-threatening conditions such as heart stroke and cardiac arrest. For instance, in July 2020, LivaNova PLC, a UK- based cardiac surgery and neuromodulation device manufacturing company, launched Perceval Plus sutureless surgical aortic heart valve based on sutureless surgical technology. This sutureless technology offers minimally invasive heart surgery with anti-calcification treatment with long durability. Furthermore, in September 2020, Boston Scientific Corporation, a US-based medical technology company, launched transcatheter aortic valve implantation (TAVI) technology. This technology is used for aortic stenosis treatment by lowering mortality, complications, and surgical cost for the treatment of heart diseases.
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The Cardiac Valve Market is segmented -
By Type: Tissue Heart Valves, Transcatheter Heart Valves, Mechanical Heart Valves, Other Types
By Position: Aortic Valve, Mitral Valve, Other Positions
By Treatment: Cardiac Valve Repair, Cardiac Valve Replacement
By End-Users: Hospital And Clinics, Specialty Centers, Cardiac Research Institute, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cardiac Valve Market.
The Business Research Company's "Global Cardiac Valve Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cardiac Valve Market Include:
1. Executive Summary
2. Cardiac Valve Market Characteristics
3. Cardiac Valve Market Trends And Strategies
4. Cardiac Valve Market - Macro Economic Scenario
5. Cardiac Valve Market Size And Growth
……
26. Africa Cardiac Valve Market
27. Cardiac Valve Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cardiac Valve Market
29. Cardiac Valve Market Future Outlook and Potential Analysis
30. Appendix
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