Press release
Global Prosthetic Heart Valve Devices And Equipment Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Prosthetic Heart Valve Devices And Equipment
What Is the Prosthetic Heart Valve Devices And Equipment Market Size and Projected Growth Rate?
The prosthetic heart valve devices and equipment market has grown rapidly in recent years. It is set to grow from $6.68 billion in 2024 to $7.44 billion in 2025, with a CAGR of 11.4%. This growth can be attributed to the prevalence of cardiovascular diseases, an aging population, chronic disease management, and ongoing clinical research and guideline updates.
The prosthetic heart valve devices and equipment market is set for solid growth, reaching $10.39 billion in 2029 at a CAGR of 8.7%. This will be fueled by demand for less invasive procedures, broader telehealth usage, better access to care, and innovative devices. Key trends include AI in vascular care, robotic interventions, point-of-care testing, and resorbable scaffolds.
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What Are the Major 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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What Are The Driving Prosthetic Heart Valve Devices And Equipment Market Evolution?
Increased prevalence of valvular heart disease has led to a rise in transcatheter aortic valve replacement (TAVR) procedures, boosting the prosthetic heart valve devices and equipment market. TAVR is used to treat aortic stenosis. In 2022, heart disease caused 702,880 deaths in the U.S., according to the CDC, emphasizing the need for valve replacement technologies.
Which Firms Dominate The Prosthetic Heart Valve Devices And Equipment Market Segments?
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 Trends Are Driving Growth in The Prosthetic Heart Valve Devices And Equipment Market?
Prosthetic heart valve devices and equipment are closely regulated by organizations such as the FDA and the Central Drugs Standard Control Organization (CDSCO). In India, prosthetic heart valves are classified as high-risk devices, and manufacturers must comply with regulations such as signing forms MD-7 and MD-8 to produce and sell these devices in the market.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Prosthetic Heart Valve Devices And Equipment Market?
2. What is the CAGR expected in the Prosthetic Heart Valve Devices And Equipment Market?
3. What Are the Key Innovations Transforming the Prosthetic Heart Valve Devices And Equipment Industry?
4. Which Region Is Leading the Prosthetic Heart Valve Devices And Equipment Market?
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