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Prosthetic Heart Valves Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3230

Prosthetic Heart Valves Market Size is anticipated to register a lucrative CAGR between 2022 and 2028. These devices are surgically implanted into the heart for replacing a damaged heart valve and provide several advantages. For instance, mechanical heart valves are highly durable and promise around 20 to 30 years of functioning in ideal conditions. In addition, these valves are in high demand as they reduce the chance of blood clotting on the valve surface.
 

Based on product type, the transcatheter aortic valve segment in the prosthetic heart valves market is anticipated to record appreciable gains through 2028 owing to the surging demand for transcatheter aortic valve replacement (TAVR). Various regulatory bodies have approved the use of these procedures in a broad spectrum of patients citing multiple parameters. Moreover, numerous organizations are also engaged in research activities for advancing the usage of this technique and improving the devices that are used for TAVR, which will propel segmental expansion through the forecast period.
 

By disease, the prosthetic heart valves market is projected to witness substantial proceeds from the aortic valve disease segment by 2028. This rise is mainly attributed to the high incidence of AVD, which is the most common valvular heart disease across the globe. As per statistics, over 13 million people are diagnosed with valvular heart disease in Europe every year, with the global number being around 100 million. This elevates the demand for various types of prosthetic heart valves, given that in majority of the cases, severe AVD is treated with prosthetic aortic valve replacement.
 

Considering the regional perspective, the North America prosthetic heart valves market is expected to register considerable expansion by 2028. This growth can be credited to the increasing advocation of various products by regulators in the region. For instance, in March 2021, the U.S. FDA approved the Harmony TPV (Transcatheter Pulmonary Valve) System for the treatment of adult and pediatric patients having a native or surgically repaired RVOT (right ventricular outflow tract).
 

Major companies in the prosthetic heart valves market comprise Medtronic, Edwards Lifesciences, Boston Scientific Corporation, On-X Life Technologies, Inc., St. Jude Medical, Inc. (Abbott), Cryolife, Inc., Micro Interventional Devices, Inc., Sorin Group, and others. These players are focusing on the adoption of expansion initiatives including mergers, acquisitions, product developments, collaborations, and partnerships for maintaining their position in the market.
 

For instance, in September 2021, Abbott secured the approval of the U.S. FDA for its Epic Plus and Epic Plus Supra Stended Tissue Valves. This approval is set to boost treatment options for individuals diagnosed with mitral or aortic valve diseases.
 

Analyzing the impact of COVID-19 on prosthetic heart valves market growth

According to an analysis published in Circulation: Cardiovascular Imaging, SARS-CoV-2 patients with prosthetic heart valves are likely to face an escalated risk of bioprosthetic valve thrombosis. As per a case in February 2021, doctors are of the opinion that patients with endovascular devices and prosthetic heart valves could be at a risk of thrombotic complications arising from COVID-19.

 

Similar studies have been cautioning healthcare providers against such complications, propelling the need for further research for determining anticoagulation strategies for the treatment and prevention of these conditions in the setting of COVID-19 infection. These factors are set to give a new dimension to product developments across the prosthetic heart valves industry in the coming years.
 

The prosthetic heart valves market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Product

  • Transcatheter heart valve
    • Transcatheter aortic valve
    • Transcatheter mitral valve
      • Mitral valve repair
      • Mitral valve replacement
    • Transcatheter pulmonary valve
  • Tissue/Bioprosthetic heart valve
    • Stented tissue heart valve
    • Stentless tissue heart valve
    • Sutureless tissue heart valve
  • Mechanical heart valve

Market, by Diseases

  • Aortic valve disease
    • Aortic valve stenosis
    • Aortic valve regurgitation
  • Mitral valve disease
    • Mitral valve stenosis
    • Mitral valve regurgitation
  • Pulmonary valve disease

Market, by End-use

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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