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Global Prosthetic Heart Valves Market to grow at a CAGR of 11.86% by 2032, Evaluates DelveInsight
DelveInsight's "Prosthetic Heart Valves Market Insights, Competitive Landscape and Market Forecast-2032" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Prosthetic Heart Valves companies actively working in the market.
To know more about why North America is leading the market growth in the Prosthetic Heart Valves market, get a snapshot of the report Prosthetic Heart Valves Market Trends
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Prosthetic Heart Valves Overview
Prosthetic heart valves are artificial devices implanted in the heart to replace damaged or diseased natural valves that fail to function properly. They help maintain normal blood flow and prevent backflow within the heart. These valves are typically classified into two main types: mechanical valves, made from durable materials like titanium or carbon, and biological (tissue) valves, derived from animal or human tissue. Prosthetic heart valves are commonly used to treat conditions such as valvular stenosis or regurgitation, improving cardiac efficiency and overall patient survival.
DelveInsight Analysis: The global prosthetic heart valve market size is projected to expand at a compound annual growth rate (CAGR) of approximately 11.86% between 2025 and 2032.
Prosthetic Heart Valves Market Insights
Geographically, North America is projected to hold the largest share of the global prosthetic heart valves market in 2024. This dominance is primarily driven by the region's advanced healthcare infrastructure, high burden of cardiovascular diseases, and growing adoption of minimally invasive surgical procedures. Strong research and development efforts have led to the creation of innovative valve materials and designs, improving patient outcomes and treatment efficiency. Moreover, favorable reimbursement frameworks, an expanding aging population susceptible to valve disorders, and the presence of leading industry players further strengthen the region's leadership. In addition, increasing awareness and early diagnosis through extensive screening programs continue to support market growth across North America.
To read more about the latest highlights related to Prosthetic Heart Valves, get a snapshot of the key highlights entailed in the Prosthetic Heart Valves Market Insights
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Recent Developments in the Prosthetic Heart Valves Market Report
• In February 2024, Edwards Lifesciences Corporation introduced the EVOQUE tricuspid valve replacement system as the first transcatheter therapy approved by the U.S. Food and Drug Administration (FDA) for treating tricuspid regurgitation (TR).
• In March 2022, Edwards Lifesciences announced that it received approval from the U.S. Food and Drug Administration (FDA) for the MITRIS RESILIA valve, a tissue valve replacement specifically designed for the heart's mitral position.
• Thus, owing to such developments in the market, rapid growth will be observed in the Prosthetic Heart Valves market during the forecast period
Key Players in the Prosthetic Heart Valves Market
Some of the key market players operating in the Prosthetic Heart Valves market include- Medtronic plc., Abott., Edwards Lifesciences Corp., Corcym Srl, Boston Scientific Corporation, LivaNova PLC., Lepu Medical Technology Co., Ltd., CryoLife, Inc., Symetis SA, Jenavalve Technology, Inc., Braile Biomédica, Labcor Laboratorios Ltd., ShockWave Medical, Inc., Meril Life Sciences, TTK Healthcare Limited, and others.
Which MedTech key players in the Prosthetic Heart Valves market are set to emerge as the trendsetter explore @ Key Prosthetic Heart Valves Companies
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Analysis on the Prosthetic Heart Valves Market Landscape
Furthermore, the increasing number of strategic initiatives and product developments by key players in the prosthetic heart valve market is significantly driving overall market growth. For example, in July 2022, Venus Medtech received approval from China's National Medical Products Administration (NMPA) for its innovative VenusP-ValveTM, a transcatheter pulmonic valve replacement (TPVR) system designed to treat severe pulmonary regurgitation in patients with congenital heart defects (CHD) and a native right ventricular outflow tract (RVOT). The VenusP-ValveTM offers a specialized solution for managing pulmonary valve dysfunction, particularly in CHD cases.
Collectively, such advancements and regulatory approvals are expected to further accelerate the growth of the global prosthetic heart valve market during the forecast period from 2025 to 2032.
Scope of the Prosthetic Heart Valves Market Report
• Coverage: Global
• Study Period: 2022-2032
• Prosthetic Heart Valves Market Segmentation By Product Type: Transcatheter Heart Valves, Bioprosthetic (Tissue) Heart Valves, and Mechanical Heart Valves
• Prosthetic Heart Valves Market Segmentation By Valve Position: Aortic Valve, Mitral Valve, Tricuspid Valve, and Pulmonary Valve
• Prosthetic Heart Valves Market Segmentation By End-User: Hospitals, Ambulatory Surgical Centers, and Specialty Clinics
• Prosthetic Heart Valves Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World
• Key Prosthetic Heart Valves Companies: Medtronic plc., Abott., Edwards Lifesciences Corp., Corcym Srl, Boston Scientific Corporation, LivaNova PLC., Lepu Medical Technology Co., Ltd., CryoLife, Inc., Symetis SA, Jenavalve Technology, Inc., Braile Biomédica, Labcor Laboratorios Ltd., ShockWave Medical, Inc., Meril Life Sciences, TTK Healthcare Limited, and others
• Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
Interested in knowing how the Prosthetic Heart Valves market will grow by 2032? Click to get a snapshot of the Prosthetic Heart Valves Market Analysis
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Contact Us
Gaurav Bora
info@delveinsight.com
+14699457679
www.delveinsight.com
About DelveInsight
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.
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