Press release
A Deep Dive into Prosthetic Heart Valve Devices And Equipment Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Prosthetic Heart Valve Devices And Equipment Market Size
The market size for prosthetic heart valve devices and equipment has experienced rapid expansion over the last few years. Its projected growth is from $6.68 billion in 2024 to $7.44 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.4%. The significant growth during the historic period is linked to the prevalence of cardiovascular diseases, aging demographics, management of chronic illnesses, clinical policies, and research.
In the coming years, the prosthetic heart valve devices and equipment market is predicted to experience substantial growth. The market size is projected to expand to $10.39 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 8.7%. Factors contributing to the growth during the forecast period encompass minimally invasive procedures, integration of telehealth, global healthcare accessibility, and drug-coated devices. The forecast period is also marked by significant trends such as the implementation of artificial intelligence (AI) in vascular medicine, robot-assisted interventions, point-of-care testing, and bioresorbable vascular scaffolds.
What Is Contributing to the Growth of the Prosthetic Heart Valve Devices And Equipment Market?
The increase in instances of valvular heart disease has led to a greater need for transcatheter aortic valve replacement (TAVR) procedures, thereby propelling the market for prosthetic heart valve devices and equipment. TAVR, a minimally invasive surgical method, is designed to treat aortic stenosis, a type of valvular heart disease that impacts the heart's aortic valve. Aortic stenosis causes the aortic valve to harden, preventing blood from flowing efficiently; TAVR serves to replace the faulty aortic valve with a transcatheter one. For example, the US government agency, Centers for Disease Control and Prevention, reported in May 2024 that heart disease was responsible for about 702,880 deaths in the United States in 2022, accounting for one in every five deaths. As the prevalence of valvular heart diseases escalates, the number of TAVR procedures is likely to grow correspondingly, which would also expand the demand for transcatheter valves, thereby facilitating market growth.
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Which Key Market Leaders Are Driving Prosthetic Heart Valve Devices And Equipment Industry Growth?
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.
What Are the Emerging Trends in the Prosthetic Heart Valve Devices And Equipment Industry?
Regulatory entities such as the FDA in the US and The Central Drugs Standard Control Organization (CDSCO) in India, oversee the market for prosthetic heart valve devices and equipment. For instance, CDSCO has issued a notice that classifies different medical devices based on their risk levels, placing prosthetic heart valves in the high-risk or class D category. Further, manufacturers aiming to produce and market prosthetic valves in India are required to fill out the MD-7 and MD-8 forms which fall under the direct jurisdiction of the Indian central government. The former, MD-7, is used for registering prosthetic valve manufacturers in India, while MD-8 assists these manufacturers in applying for loans.
What Are the Main Segments in the Prosthetic Heart Valve Devices And Equipment Market?
The prosthetic heart valve devices and equipment market covered in this report 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
Subsegments:
1) By Repair Products: Transcatheter Mitral Valve Repair (TMVR) Devices, Transcatheter Tricuspid Valve Repair (TTVR) Devices
2) By Mitral Valve Repair Devices: Mitral Valve Repair Systems (MitraClip), Mitral Valve Annuloplasty Devices, Edge-to-Edge Repair Devices
3) By Tricuspid Valve Repair Devices: Tricuspid Valve Annuloplasty Devices, Tricuspid Valve Repair Systems
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Which Geographic Area Leads the Prosthetic Heart Valve Devices And Equipment Market?
North America was the largest region in global prosthetic heart valve devices and equipment market in 2023. Western Europe was the second-largest region in prosthetic heart valve devices and equipment market. The regions covered in the prosthetic heart valve devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Prosthetic Heart Valve Devices And Equipment Global Market Report?
- Market Size Analysis: Analyze the Prosthetic Heart Valve Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Prosthetic Heart Valve Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Prosthetic Heart Valve Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Prosthetic Heart Valve Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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