Press release
Cardiac Valve Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | LivaNova plc, Abbott Laboratories, Colibri Heart Valve LLC, TTK HealthCare Limited, Artivion Inc.
Cardiac Valve Market Size
The Business Research Company offers in-depth market insights through Cardiac Valve Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The cardiac valve market size has grown rapidly in recent years. It will grow from $9.68 billion in 2023 to $11.17 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to aging population and the associated increase in valvular heart disease, growth in the prevalence of risk factors like obesity and hypertension, improved diagnostic and imaging technologies for valve diseases, awareness campaigns and education on heart health and valve disease, and development of minimally invasive and transcatheter valve procedures.
The cardiac valve market size is expected to see rapid growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to increasing demand for bioengineered and tissue-engineered heart valves, aging global population and the need for valve disease treatment, telemedicine and remote patient monitoring for valve patients, enhanced surgical techniques and robotics-assisted valve procedures, and adoption of 3d printing for personalized heart valve manufacturing. Major trends in the forecast period include advancements in valve replacement and repair techniques, integration of artificial intelligence (ai) for valve disease detection and treatment planning, adoption of 3d printing for personalized heart valve manufacturing, advancements in valve replacement and repair techniques, and enhanced surgical techniques and robotics-assisted valve procedures.
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Market Segmentation:
The main types of cardiac valves are tissue, transcatheter, mechanical, and other heart valves. Tissue heart valves refer to heart valves used in open heart or minimally invasive surgery to prevent blood clots inside the vessels. Animal tissue that is robust and flexible is used to make tissue valves from the valves of animal donors. These valves are used in cardiac valve repair and cardiac valve replacement. The aortic valve, mitral valve, and other positions where the cardiac valve is repaired or replaced in the heart. Hospitals and clinics, specialty centers, cardiac research institutes, and others are the end users of cardiac valves.
Major Driver - Cardiac Valve Market Expansion Addressing The Growing Burden Of Heart-Related Ailments
The rising incidence of cardiovascular diseases is expected to propel the growth of the cardiac valve market. 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. For instance, in September 2023, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. . Therefore, the rising incidence of cardiovascular diseases will drive the growth of the cardiac valve market.
Competitive Landscape:
Major companies operating in the cardiac valve market include LivaNova plc, Abbott Laboratories, Colibri Heart Valve LLC, TTK HealthCare Limited, Artivion Inc., Edwards Lifesciences Corporation, Boston Scientific Corporation, Symetis SA, Jenavalve Technology Inc., CryoLife Inc., Lepu Medical Technology Co. Ltd., Braile Biomedical, Sorin Group, Micro Interventional Devices Inc., Medtronic Inc., Lepu Medical Technology, Edward Lifesciences Corporation, Neovasc Inc., Xeltis AG, JenaValve Technology, Braile Biomédica Ltd., Medtronic plc, Meril Life Sciences Pvt. Ltd., Auto Tissue Berlin GmbH, On-X Life Technologies Inc., Thubrikar Aortic Valve Inc., LifeNet Health Inc.
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Top Trend - Transforming Cardiac Care With Technological Advancements In The Cardiac Valve Market
Technological advancements in cardiac valves are a key trend gaining popularity in the cardiac valve market. With advancements in technology, there are less invasive treatment options for heart diseases. 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 September 2022, Edwards, a US-based medical technology company launched Sapien 3 Ultra Resilia transcatheter heart valve with anti-calcification technology. This technology platform was developed to irreversibly block calcium binding sites in bioprosthetic valves. .
The Table Of Content For The Market Report 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
…..
27. Cardiac Valve Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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