Press release
2025 Prosthetic Heart Valve Devices And Equipment Market Outlook: Key Indicators Shaping Growth Through 2034
Prosthetic Heart Valve Devices And Equipment Market
What Will the Prosthetic Heart Valve Devices And Equipment Industry Market Size Be by 2025?
In recent times, the prosthetic heart valve devices and equipment market has seen significant growth. Its size is anticipated to rise from a net worth of $6.2 billion in 2024 to $6.73 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.6%. Factors responsible for this growth during the historical period include the prevalence of cardiovascular diseases, an aging population, chronic disease management, and advancements in clinical guidelines and research.
What's the Long-Term Growth Forecast for the Prosthetic Heart Valve Devices And Equipment Market Size Through 2029?
The market size for prosthetic heart valve devices and equipment is predicted to experience robust expansion in the upcoming years, reaching $9.52 billion in 2029 with a CAGR (Compound Annual Growth Rate) of 9.0%. The anticipated growth during this forecast period is due to the evolution of minimally invasive procedures, the integration of telehealth services, universal healthcare accessibility, and medication coated instruments. Key trends set to shape the future of the market are artificial intelligence (AI) in vascular medicine, robotic assistance in medical procedures, on-site diagnostic examinations, and biodegradable vascular frameworks.
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What Are the Key Growth Drivers Fueling the Prosthetic Heart Valve Devices And Equipment Market Expansion?
The increasing occurrence of valvular heart disease is necessitating more transcatheter aortic valve replacement (TAVR) procedures, contributing to the growth of the prosthetic heart valve devices and equipment market. TAVR, a minimally-invasive surgical method, is used for the treatment of aortic stenosis, a valvular heart condition that impacts the heart's aortic valve. The aortic stenosis condition hardens the aortic valve, thereby obstructing smooth blood flow, and TAVR helps to replace this affected valve with a transcatheter valve. For example, the US-based government agency, Centers for Disease Control and Prevention, disclosed in May 2024 that heart disease led to 702,880 deaths in the United States in 2022, which constituted one in every five deaths. It's projected that as the incidence of valvular heart diseases surges, the number of performed TAVR procedures will also rise, boosting the transcatheter valves demand and, in turn, propelling the market forward.
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What Long-Term Trends Will Define the Future of the Prosthetic Heart Valve Devices And Equipment Market?
Regulatory authorities like the FDA in the US and The Central Drugs Standard Control Organization (CDSCO) oversee the market for prosthetic heart valve devices and equipment. For example, CDSCO has issued a notification outlining the risk levels for various medical devices, where the prosthetic heart valves fall under class D, denoting high risk. The central government of India mandates manufacturers producing and selling such valve devices in the country to fill out forms MD-7 and MD-8. The former is used to register these manufacturers in India, while the latter aids in applying for loans.
How Is the Prosthetic Heart Valve Devices And Equipment Market Segmented?
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 Companies Are Leading the Charge in Prosthetic Heart Valve Devices And Equipment Market Innovation?
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.
Which Regions Are Leading the Global Prosthetic Heart Valve Devices And Equipment Market in Revenue?
North America was the largest region in global prosthetic heart valve devices and equipment market in 2024. 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.
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