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2024 Prosthetic Heart Valve Devices And Equipment Market Report: Market Size, Growth Drivers, And Key Trends | Boston Scientific Corporation, Edwards Lifesciences, Medtronic PLC
Prosthetic Heart Valve Devices And Equipment Global Market Report 2024
The Business Research Company's Prosthetic Heart Valve Devices And Equipment Global Market Report 2023 identifies the rising prevalence of valvular heart disease has driven the need for transcatheter aortic valve replacement (TAVR) procedures, thus driving the prosthetic heart valve devices and equipment market. TAVR is a minimally-invasive surgical procedure done to cure aortic stenosis which is a valvular heart disease that affects the aortic valve of the heart. Aortic stenosis affects the aortic valve by hardening it, thus not allowing blood to properly flow through it and TAVR is used to replace this defective aortic valve with a transcatheter valve. According to a report from The Society of Thoracic Surgeons (STS)/American College of Cardiology (ACC) TVT Registry, volumes have grown every year.
The prosthetic heart valve devices and equipment market size has grown rapidly in recent years. It will grow from $5.65 billion in 2023 to $6.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, chronic disease management, clinical guidelines and research. The prosthetic heart valve devices and equipment market size is expected to see strong growth in the next few years. It will grow to $8.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.
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Major companies operating in the prosthetic heart valve devices and equipment market include Boston Scientific Corporation, Edwards Lifesciences, Medtronic PLC, LivaNova PLC, Abbott Laboratories, Jenavalve Technology Inc., Lepu Medical Technology, Cryolife Inc., Neovasc Inc., Braile Biomedica, Colibri Heart Valve, TTK Healthcare Ltd., Medical Technology Est., Micro Interventional Devices Inc., Well Health Technologies, On-X Life Technologies Inc., Meril Life Sciences Pvt. Ltd., Sorin Group, Commonwealth Edison Company, Cardiac Dimensions Inc., CardioSolutions Inc., Leman Cardiovascular, MitralSolutions Inc., Thubrikar Aortic Valve Inc., LifeNet Health Inc., Xeltis AG, Transcatheter Technologies GmbH, Venus Medtech (Hangzhou) Inc., MValve Technologies Ltd., MVRx Inc., NaviGate Cardiac Structures Inc., Pulmonx Corporation, Tendyne Holdings Inc., ValveXchange Inc., Vascutek Ltd., XpandOrtho Inc., Zhejiang A&F Medical Co. Ltd.
A key trend in the Prosthetic Heart Valve Devices And Equipment market includes the Major companies operating in the prosthetic heart valve devices market are innovating new products to increase their profitability in the market. Innovative prosthetic heart valve devices are developed to improve the treatment of cardiovascular disorders. These devices include polymeric prosthetic heart valves that are designed to reduce the risk of various complications.
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The Prosthetic Heart Valve Devices And Equipment market is segmented -
1) By Product Type: Repair Products, Mitral Valve Repair Devices, Tricuspid Valve Repair Devices
2) By Type: Transcatheter Heart Valve, Tissue Heart Valve, Mechanical Heart Valve
3) By Technology: Biological Valve, Decellularized Valve
4) By Application: Hospitals, Ambulatory Surgery Centres
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Prosthetic Heart Valve Devices And Equipment market.
The Business Research Company's "Global Prosthetic Heart Valve Devices And Equipment 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 Prosthetic Heart Valve Devices And Equipment Market Include:
1. Executive Summary
2. Prosthetic Heart Valve Devices And Equipment Market Characteristics
3. Prosthetic Heart Valve Devices And Equipment Market Trends And Strategies
4. Prosthetic Heart Valve Devices And Equipment Market - Macro Economic Scenario
5. Prosthetic Heart Valve Devices And Equipment Market Size And Growth
……
27. Prosthetic Heart Valve Devices And Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Prosthetic Heart Valve Devices And Equipment Market
29. Prosthetic Heart Valve Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
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