Press release
Heart Valve Devices Market Set to Cross US$ 38.2 Billion by 2034 on Rising Demand for Advanced Cardiac Care
Heart Valve Devices Market
These devices are widely used in the treatment of conditions such as aortic stenosis, mitral regurgitation, pulmonary valve disease, and tricuspid valve disorders. Advancements in medical technology have significantly improved device durability, biocompatibility, and procedural safety, driving broader adoption across hospitals and cardiac centers worldwide.
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Market Size and Growth Outlook
The global heart valve devices market is witnessing steady and sustained growth and is expected to expand at a healthy compound annual growth rate (CAGR) over the forecast period. Growth is primarily driven by the rising prevalence of cardiovascular diseases, increasing elderly population, and growing preference for minimally invasive cardiac procedures.
Technological advancements, improved diagnostic capabilities, and expanding access to advanced cardiac care in emerging economies are further strengthening market growth prospects. Transcatheter valve replacement procedures, in particular, are expected to contribute significantly to future market expansion.
Key Players:
• Medtronic plc
• Boston Scientific Corporation
• Abbott
• Edwards Lifesciences Corporation
• Foldax Inc.
• Novostia SA
• Meril Life Sciences Pvt. Ltd.
• Corcym UK Limited
• JenaValve Technology, Inc.
• Micro Interventional Devices, Inc.
• Auto Tissue Berlin GmbH
• Anteris Technologies Ltd
• Thubrikar Aortic Valve, Inc.
• MicroPort Scientific Corporation
• Biosensors International Group, Ltd.
Market Segmentation
Type of Heart Valve
• Aortic Valve
• Less than 20 mm
• 20-23 mm
• 23-26 mm
• More than 26 mm
Mitral Valve
• Less than 26 mm
• 26-28 mm
• 29-31 mm
• More than 31 mm
• Tricuspid Valve
• Pulmonary Valve
Material
• Biological Valves
• TAVI
• Surgical
• Others
• Mechanical Valves
End-user
• Hospitals
• Ambulatory Surgical Centers
• Others
Age Group
• Pediatric Patients
• Adults
• Geriatric Patients
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Specialty clinics
Hospitals dominate the market owing to the availability of advanced surgical infrastructure and skilled cardiologists. Dedicated cardiac centers are also experiencing increased demand as procedural volumes rise.
Key Market Drivers
Rising Prevalence of Cardiovascular Diseases
Heart valve disorders are becoming increasingly common due to aging populations, sedentary lifestyles, obesity, and rising incidence of hypertension and diabetes. This growing disease burden is a primary driver for heart valve device adoption.
Growing Geriatric Population
Elderly individuals are more susceptible to valvular heart diseases, particularly aortic stenosis. The global increase in the aging population is significantly boosting demand for heart valve replacement and repair devices.
Shift Toward Minimally Invasive Procedures
Patients and healthcare providers increasingly favor minimally invasive solutions such as transcatheter heart valve replacement, which reduces surgical trauma, recovery time, and post-operative complications.
Technological Advancements
Innovations in valve design, materials, imaging guidance, and delivery systems have enhanced procedural success rates and expanded treatment eligibility to previously inoperable patients.
Market Trends
Rapid adoption of transcatheter aortic valve replacement (TAVR) procedures
Increasing use of tissue-based and next-generation bioprosthetic valves
Expansion of valve repair technologies alongside replacement solutions
Growing focus on durability and long-term performance of valve devices
Rising clinical trials for next-generation minimally invasive heart valves
Challenges
High Cost of Heart Valve Procedures
Heart valve devices and associated procedures are expensive, limiting access in cost-sensitive healthcare systems and emerging economies.
Regulatory and Approval Complexity
Stringent regulatory requirements and lengthy approval processes can delay product commercialization and increase development costs.
Limited Awareness in Developing Regions
Inadequate awareness, limited diagnostic facilities, and shortage of skilled cardiac specialists restrict market growth in certain regions.
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Regional Analysis
North America holds a dominant share of the market due to advanced cardiac care infrastructure, high adoption of transcatheter procedures, and favorable reimbursement policies.
Europe represents a strong market supported by increasing cardiovascular disease prevalence and technological adoption.
Asia Pacific is the fastest-growing region, driven by improving healthcare access, rising medical tourism, and increasing awareness of advanced cardiac treatments.
Latin America and the Middle East & Africa are emerging markets with gradual growth as healthcare investments expand.
Future Outlook
The Heart Valve Devices Market is expected to witness continued growth over the coming years, supported by innovation in minimally invasive technologies, expanding patient eligibility, and increasing focus on early diagnosis and treatment of heart valve disorders.
As healthcare systems prioritize patient safety, procedural efficiency, and long-term outcomes, heart valve devices will remain a critical component of cardiovascular care worldwide.
Frequently Asked Questions (FAQs)
1. How big was the global heart valve devices market in 2023?
It was valued at US$ 10.9 Bn in 2023
2. How big will the global heart valve devices business be in 2034?
It is projected to reach more than US$ 38.2 Bn by the end of 2034
3. What will be the CAGR of the global heart valve devices industry during the forecast period?
The CAGR is anticipated to be 11.7% from 2024 to 2034
4. Who are the prominent heart valve devices providers?
Medtronic plc, Boston Scientific Corporation, Abbott, Edwards Lifesciences Corporation, Foldax Inc., Novostia SA, Meril Life Sciences Pvt. Ltd., Corcym UK Limited, JenaValve Technology, Inc., Micro Interventional Devices, Inc., Auto Tissue Berlin GmbH, Anteris Technologies Ltd, Thubrikar Aortic Valve, Inc., MicroPort Scientific Corporation, and Biosensors International Group, Ltd.
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