Press release
Global Cardiac Valve Market to Reach USD 15.56 Billion, Driven by Increasing Prevalence of Cardiovascular Diseases
Cardiac Valve Market
Cardiovascular diseases continue to be the leading cause of death worldwide, claiming 17.9 million lives annually, according to the World Health Organization (WHO). With heart valve replacement playing a key role in treating severe CVDs, the market for cardiac valves is expected to witness significant growth. Rheumatic heart disease, which affects millions globally, is particularly prevalent in developing countries and further fuels demand for cardiac valve replacement therapies.
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Key Market Drivers:
Aging Population and Technological Advancements
One of the key drivers of market growth is the aging global population. The WHO estimates that by 2030, 1 in 6 people will be aged 60 years or older, and the number of elderly individuals is projected to reach 2.1 billion by 2050. As the population ages, the incidence of cardiovascular diseases, including valve-related issues, is expected to rise, creating a growing need for cardiac valve replacements.
In addition to demographic factors, recent advancements in medical technology are propelling the market forward. Modern, less invasive procedures have revolutionized cardiovascular care, enabling quicker recoveries and fewer complications. Notable innovations include the Edwards SAPIEN transcatheter aortic valve replacement (TAVR) system, which is currently undergoing clinical trials at the Minneapolis Heart Institute.
Challenges to Market Growth
While the cardiac valve market holds promise, several factors could temper its growth. High costs associated with valve replacement surgeries, particularly in low-income countries, have led to the adoption of alternative, less expensive treatments. Procedures such as balloon valvotomy and the Ross procedure are becoming viable options for patients unable to afford traditional valve replacements.
Moreover, the availability of these alternative treatment methods could limit market growth in some regions, where affordability remains a critical issue.
Segment Insights: Mechanical Valves Lead, Mitral Valve Segment Dominates
The global cardiac valve market is segmented by type into mechanical valves, tissue valves, and transcatheter valves. In 2022, mechanical valves held the largest market share, driven by their long-term durability and suitability for a wide range of patients. These valves, typically made from materials like titanium and carbon, are widely adopted in hospitals and medical facilities worldwide.
Tissue valves, while not as dominant, are expected to see moderate growth during the forecast period. These biological valves, made from living tissue, are preferred by some patients for their compatibility with lifelong anticoagulation therapy, although they may need replacement over time.
In terms of valve positioning, the mitral valve segment is projected to account for a significant share of the market, driven by the critical role of mitral valves in regulating blood flow. This segment is expected to benefit from ongoing technological developments that enable minimally invasive interventions, improving patient outcomes and reducing the risk of complications.
Similarly, the aortic valve segment is anticipated to experience steady growth, bolstered by the increasing adoption of advanced technologies such as TAVR. The growing prevalence of aortic valve disorders, coupled with an aging population, is expected to further drive demand for aortic valve interventions.
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Cardiac Valve Top Companies and Competitive Landscape
The global cardiac valve market is fragmented, with several key players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new cardiac valve products.
Some major players included in the global cardiac valve market report are:
Medtronic
Edwards Lifesciences Corporation
Boston Scientific Corporation
LivaNova PLC
Abbott
Artivion, Inc.
Colibri Heart Valve
JenaValve
TTK
Symetis
Lepu Medical Technology (Beijing) Co., Ltd.
Braile Biomédica
Labcor Laboratórios Ltd.
Valcare Medical
Perouse Medical,
Meril Life Sciences Pvt. Ltd.
CryoLife, Inc.
MicroPort Scientific Corporation
Foldax Inc.
Novostia SA
JC Medical, Inc.
Cardiac Valve Latest Industry Updates
On 5 October 2023, Artivion Inc., a leading cardiac and vascular surgery company announced the data from its On-X Aortic Heart Valve Low INR post-market study presented in a Late-Breaking Science session at the 37th European Association for Cardio-Thoracic Surgery (EACTS) Annual Meeting in Vienna, Austria.
On 7 May 2023, Edwards Lifesciences announced the new data from the COMMENCE aortic trial, demonstrating low rates of Structural Valve Deterioration (SVD) in bioprosthetic aortic valves with the company's innovative RESILIA tissue.
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For the purpose of this report, Emergen Research has segmented the global cardiac valve market on the basis of treatment, type, position, end-use. and region:
Treatment Outlook (Revenue, USD Billion; 2019-2032)
Cardiac Valve Repair
Cardiac Valve Replacement
Type Outlook (Revenue, USD Billion; 2019-2032)
Mechanical Valves
Tissue Valves
Transcatheter Valves
Position Outlook (Revenue, USD Billion; 2019-2032)
Mitral Valve
Aortic Valve
Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Hospital
Cardiac Research Institute
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
Look Over transcripts provided by Emergen Research
Cardiac Valve Market Size@ https://www.emergenresearch.com/industry-report/cardiac-valve-market/market-size
Cardiac Valve Market Share@ https://www.emergenresearch.com/industry-report/cardiac-valve-market/market-share
Cardiac Valve Market Trends@ https://www.emergenresearch.com/industry-report/cardiac-valve-market/market-trends
Cardiac Valve Regional Market Demand@ https://www.emergenresearch.com/industry-report/cardiac-valve-market/regional-market-demand
Cardiac Valve Market Analysis@ https://www.emergenresearch.com/industry-report/cardiac-valve-market/market-analysis
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