Global Heart Valve Replacement Market By Material (Mechanical Valve, Biological Valve {Bovine, Porcine}), Position (Mitral Valve, Tricuspid Valve, Pulmonary Valve, And Aortic Valve), End User (Hospitals, Ambulatory Surgery Center, and Others), Approach (Surgical, Transcatheter {Transfemoral, Transapical, Others}) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global Heart Valve Replacement Market was valued at USD 4,372.3 Million in 2019 and is projected to reach USD 15,139.2 Million by 2027, expanding at a CAGR of 17.5% during the forecast period. Cardiovascular conditions are deteriorating day by day due to rapid changes in lifestyle such as food consumption habits, lack of exercise and stressful work environment, and work-life balance pressure which causes diseases such as aortic stenosis, regurgitation, atresia, prolapse, and valvular stenosis, which, in turn, is responsible for the death of more people than cancer and road accidents put together.
Atresia, regurgitation or valvular inadequacy, prolapse, and valvular stenosis are some major diseases associated with the heart valve. These diseases can be treated with the help of the replacement or repair of the heart valve.
Heart Valve Replacement Market Dynamics
Major factors driving the market are rising healthcare infrastructure, technology innovation, growing per capita disposable income, adoption of non-invasive technology, and awareness regarding the significance of transcatheter devices. Additionally, the less mortality rate over conventional surgical methods, easy to use of the device, and increased success rate of replacing the mitral and aortic heart valve by using the transcatheter method is rather better than traditional methods.
Increasing prevalence of heart valve disease in the elderly population and the growing prevalence of severe aortic stenosis disorder and mitral regurgitation. Several numerical methods are introduced to solve problems about the fluid dynamics associated with the valve designs, which is expected to boost the heart valve replacement market.
There are some factor that shows a negative impact on the market such as the prohibitive cost of transcatheter heart valves may interfere with the accessibility of the product in the developing countries of the world. Factors responsible for restraining the growth of the heart replacement market such as the risks and complications associated with heart valve disease treatment surgeries, such as breathing problems and embolism, and the inadequacy of primary healthcare infrastructure in developing countries.
Heart Valve Replacement Market Segmental Outlook
On the basis of Material type, the global Heart Valve Replacement Market is divided into biological and mechanical. The mechanical valve segment is anticipated to expand at a CAGR of around 16% during the forecast period as majorly used to make mechanical heart valves are made from titanium and carbon. In biological segment, the Bovine segment is anticipated to expand at a CAGR of approximately 15.7% during the forecast period.
Based on position, the market is segmented into mitral valve, tricuspid valve, pulmonary valve, and aortic valve. The mitral valve segment is projected to hold a major share of the market during the forecast period as cases related to mitral valve increases.
Based on end-user, the market is segmented into hospitals, ambulatory surgery center, and others. Hospitals account for the major share as the majority of people received treatment for the heart valve from hospitals, including ambulatory surgery centers.
Based on approach, the market is divided into surgical, and transcatheter. Transcatheter segment account for the major share as the majority of the people are inclined towards the transcatheter approach. In the transcatheter segment, transfemoral accounts for a major share as it is entering through the femoral artery (large artery in the groin), which does not require a surgical incision in the chest.
Definitions
By Position
Aortic Valve
The aortic valve is a valve in the human heart between the left ventricle and the aorta. It is one of the two semilunar valves of the heart, the former being the pulmonary valve. The heart has four valves; the other two are the mitral and the tricuspid valves. Aortic valve is located between the left ventricle and the aorta (the large blood vessel that carries blood to the rest of the body). When your ventricle contracts, blood is forced through the aortic valve, into the aorta, and out to the rest of your body.
Mitral Valve
Mitral valve is a valve with two flaps in the heart, present between the left ventricle and left atrium, and it is also known as bicuspid valve or left atrioventricular valve. The tricuspid valve and mitral valve are known as the atrioventricular valves because they are present between the ventricles and the atria of the heart.
Pulmonary Valve
The pulmonic valve, also known as a pulmonary valve, is the semilunar valve of the heart which lies between the pulmonary artery, right ventricle and has three cusps. The pulmonary artery opens in ventricular systole whenever the pressure in the right ventricle rises above the pressure in the pulmonary artery, similar to the aortic valve. When the pressure in the right ventricle falls rapidly at the end of the ventricular systole, the pulmonary valve will be closed by the pressure of the pulmonary artery.
Tricuspid Valve
The tricuspid valve also known as a right atrioventricular valve, is present at the superior portion of the right ventricle, on the dorsal side of the mammalian heart. The main function of this valve is to prevent the backflow of blood from the right ventricle to the right atrium during right ventricular contraction called systole.
Heart Valve Replacement Market Regional Outlook
In terms of region, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market. The region constituted around 35.5% share of the market in 2020. The market in the region is projected to expand at a CAGR of around 15.8% during the forecast period as there is an increase in heart-related diseases in North America, increasing focus of players in drug development and heart valve replacement therapy development, rise in government initiatives are some of the factors expected to boost the market growth on the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Heart Valve Replacement Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Heart Valve Replacement Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heart Valve Replacement Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heart Valve Replacement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heart Valve Replacement Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heart Valve Replacement Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heart Valve Replacement Market Size & Forecast, 2017-2027
4.5.1 Heart Valve Replacement Market Size and Y-o-Y Growth
4.5.2 Heart Valve Replacement Market Absolute $ Opportunity
4.6 Patient Incidence Data
Chapter 5 Global Heart Valve Replacement Market Analysis and Forecast By Material
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Material
5.1.2 Basis Point Share (BPS) Analysis By Material
5.1.3 Absolute $ Opportunity Assessment By Material
5.2 Heart Valve Replacement Market Size Forecast By Material
5.2.1 Mechanical Valve
5.2.2 Biological Valve
5.2.2.1 Porcine
5.2.2.2 Bovine
5.3 Market Attractiveness Analysis By Material
Chapter 6 Global Heart Valve Replacement Market Analysis and Forecast By Position
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Position
6.1.2 Basis Point Share (BPS) Analysis By Position
6.1.3 Absolute $ Opportunity Assessment By Position
6.2 Heart Valve Replacement Market Size Forecast By Position
6.2.1 Mitral Valve
6.2.2 Tricuspid Valve
6.2.3 Pulmonary Valve
6.2.4 Aortic Valve
6.3 Market Attractiveness Analysis By Position
Chapter 7 Global Heart Valve Replacement Market Analysis and Forecast By End User
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End User
7.1.2 Basis Point Share (BPS) Analysis By End User
7.1.3 Absolute $ Opportunity Assessment By End User
7.2 Heart Valve Replacement Market Size Forecast By End User
7.2.1 Hospitals
7.2.2 Ambulatory Surgery Center
7.2.3 Others
7.3 Market Attractiveness Analysis By End User
Chapter 8 Global Heart Valve Replacement Market Analysis and Forecast By Approaches
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By Approaches
8.1.2 Basis Point Share (BPS) Analysis By Approaches
8.1.3 Absolute $ Opportunity Assessment By Approaches
8.2 Heart Valve Replacement Market Size Forecast By Approaches
8.2.1 Surgical
8.2.2 Transcatheter
8.2.2.1 Transfemoral
8.2.2.2 Transapical
8.2.2.3 Others
8.3 Market Attractiveness Analysis By Approaches
Chapter 9 Global Heart Valve Replacement Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Heart Valve Replacement Market Size Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Heart Valve Replacement Analysis and Forecast
11.1 Introduction
11.2 North America Heart Valve Replacement Market Size Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Heart Valve Replacement Market Size Forecast By Material
11.6.1 Mechanical Valve
11.6.2 Biological Valve
11.6.2.1 Porcine
11.6.2.2 Bovine
11.7 Basis Point Share (BPS) Analysis By Material
11.8 Absolute $ Opportunity Assessment By Material
11.9 Market Attractiveness Analysis By Material
11.10 North America Heart Valve Replacement Market Size Forecast By Position
11.10.1 Mitral Valve
11.10.2 Tricuspid Valve
11.10.3 Pulmonary Valve
11.10.4 Aortic Valve
11.11 Basis Point Share (BPS) Analysis By Position
11.12 Absolute $ Opportunity Assessment By Position
11.13 Market Attractiveness Analysis By Position
11.14 North America Heart Valve Replacement Market Size Forecast By End User
11.14.1 Hospitals
11.14.2 Ambulatory Surgery Center
11.14.3 Others
11.15 Basis Point Share (BPS) Analysis By End User
11.16 Absolute $ Opportunity Assessment By End User
11.17 Market Attractiveness Analysis By End User
11.18 North America Heart Valve Replacement Market Size Forecast By Approaches
11.18.1 Surgical
11.18.2 Transcatheter
11.18.2.1 Transfemoral
11.18.2.2 Transapical
11.18.2.3 Others
11.19 Basis Point Share (BPS) Analysis By Approaches
11.20 Absolute $ Opportunity Assessment By Approaches
11.21 Market Attractiveness Analysis By Approaches
Chapter 12 Europe Heart Valve Replacement Analysis and Forecast
12.1 Introduction
12.2 Europe Heart Valve Replacement Market Size Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Heart Valve Replacement Market Size Forecast By Material
12.6.1 Mechanical Valve
12.6.2 Biological Valve
12.6.2.1 Porcine
12.6.2.2 Bovine
12.7 Basis Point Share (BPS) Analysis By Material
12.8 Absolute $ Opportunity Assessment By Material
12.9 Market Attractiveness Analysis By Material
12.10 Europe Heart Valve Replacement Market Size Forecast By Position
12.10.1 Mitral Valve
12.10.2 Tricuspid Valve
12.10.3 Pulmonary Valve
12.10.4 Aortic Valve
12.11 Basis Point Share (BPS) Analysis By Position
12.12 Absolute $ Opportunity Assessment By Position
12.13 Market Attractiveness Analysis By Position
12.14 Europe Heart Valve Replacement Market Size Forecast By End User
12.14.1 Hospitals
12.14.2 Ambulatory Surgery Center
12.14.3 Others
12.15 Basis Point Share (BPS) Analysis By End User
12.16 Absolute $ Opportunity Assessment By End User
12.17 Market Attractiveness Analysis By End User
12.18 Europe Heart Valve Replacement Market Size Forecast By Approaches
12.18.1 Surgical
12.18.2 Transcatheter
12.18.2.1 Transfemoral
12.18.2.2 Transapical
12.18.2.3 Others
12.19 Basis Point Share (BPS) Analysis By Approaches
12.20 Absolute $ Opportunity Assessment By Approaches
12.21 Market Attractiveness Analysis By Approaches
Chapter 13 Asia Pacific Heart Valve Replacement Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Heart Valve Replacement Market Size Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Heart Valve Replacement Market Size Forecast By Material
13.6.1 Mechanical Valve
13.6.2 Biological Valve
13.6.2.1 Porcine
13.6.2.2 Bovine
13.7 Basis Point Share (BPS) Analysis By Material
13.8 Absolute $ Opportunity Assessment By Material
13.9 Market Attractiveness Analysis By Material
13.10 Asia Pacific Heart Valve Replacement Market Size Forecast By Position
13.10.1 Mitral Valve
13.10.2 Tricuspid Valve
13.10.3 Pulmonary Valve
13.10.4 Aortic Valve
13.11 Basis Point Share (BPS) Analysis By Position
13.12 Absolute $ Opportunity Assessment By Position
13.13 Market Attractiveness Analysis By Position
13.14 Asia Pacific Heart Valve Replacement Market Size Forecast By End User
13.14.1 Hospitals
13.14.2 Ambulatory Surgery Center
13.14.3 Others
13.15 Basis Point Share (BPS) Analysis By End User
13.16 Absolute $ Opportunity Assessment By End User
13.17 Market Attractiveness Analysis By End User
13.18 Asia Pacific Heart Valve Replacement Market Size Forecast By Approaches
13.18.1 Surgical
13.18.2 Transcatheter
13.18.2.1 Transfemoral
13.18.2.2 Transapical
13.18.2.3 Others
13.19 Basis Point Share (BPS) Analysis By Approaches
13.20 Absolute $ Opportunity Assessment By Approaches
13.21 Market Attractiveness Analysis By Approaches
Chapter 14 Latin America Heart Valve Replacement Analysis and Forecast
14.1 Introduction
14.2 Latin America Heart Valve Replacement Market Size Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Heart Valve Replacement Market Size Forecast By Material
14.6.1 Mechanical Valve
14.6.2 Biological Valve
14.6.2.1 Porcine
14.6.2.2 Bovine
14.7 Basis Point Share (BPS) Analysis By Material
14.8 Absolute $ Opportunity Assessment By Material
14.9 Market Attractiveness Analysis By Material
14.10 Latin America Heart Valve Replacement Market Size Forecast By Position
14.10.1 Mitral Valve
14.10.2 Tricuspid Valve
14.10.3 Pulmonary Valve
14.10.4 Aortic Valve
14.11 Basis Point Share (BPS) Analysis By Position
14.12 Absolute $ Opportunity Assessment By Position
14.13 Market Attractiveness Analysis By Position
14.14 Latin America Heart Valve Replacement Market Size Forecast By End User
14.14.1 Hospitals
14.14.2 Ambulatory Surgery Center
14.14.3 Others
14.15 Basis Point Share (BPS) Analysis By End User
14.16 Absolute $ Opportunity Assessment By End User
14.17 Market Attractiveness Analysis By End User
14.18 Latin America Heart Valve Replacement Market Size Forecast By Approaches
14.18.1 Surgical
14.18.2 Transcatheter
14.18.2.1 Transfemoral
14.18.2.2 Transapical
14.18.2.3 Others
14.19 Basis Point Share (BPS) Analysis By Approaches
14.20 Absolute $ Opportunity Assessment By Approaches
14.21 Market Attractiveness Analysis By Approaches
Chapter 15 Middle East & Africa (MEA) Heart Valve Replacement Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Heart Valve Replacement Market Size Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Heart Valve Replacement Market Size Forecast By Material
15.6.1 Mechanical Valve
15.6.2 Biological Valve
15.6.2.1 Porcine
15.6.2.2 Bovine
15.7 Basis Point Share (BPS) Analysis By Material
15.8 Absolute $ Opportunity Assessment By Material
15.9 Market Attractiveness Analysis By Material
15.10 Middle East & Africa (MEA) Heart Valve Replacement Market Size Forecast By Position
15.10.1 Mitral Valve
15.10.2 Tricuspid Valve
15.10.3 Pulmonary Valve
15.10.4 Aortic Valve
15.11 Basis Point Share (BPS) Analysis By Position
15.12 Absolute $ Opportunity Assessment By Position
15.13 Market Attractiveness Analysis By Position
15.14 Middle East & Africa (MEA) Heart Valve Replacement Market Size Forecast By End User
15.14.1 Hospitals
15.14.2 Ambulatory Surgery Center
15.14.3 Others
15.15 Basis Point Share (BPS) Analysis By End User
15.16 Absolute $ Opportunity Assessment By End User
15.17 Market Attractiveness Analysis By End User
15.18 Middle East & Africa (MEA) Heart Valve Replacement Market Size Forecast By Approaches
15.18.1 Surgical
15.18.2 Transcatheter
15.18.2.1 Transfemoral
15.18.2.2 Transapical
15.18.2.3 Others
15.19 Basis Point Share (BPS) Analysis By Approaches
15.20 Absolute $ Opportunity Assessment By Approaches
15.21 Market Attractiveness Analysis By Approaches
Chapter 16 Competition Landscape
16.1 Heart Valve Replacement Market: Competitive Dashboard
16.2 Global Heart Valve Replacement Market: Market Share Analysis, 2019
16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
16.3.1 Abbott.
16.3.2 Boston Scientific Corporation
16.3.3 Colibri Heart Valve
16.3.4 CryoLife, Inc.
16.3.5 Edwards Lifesciences Corporation
16.3.6 HLT, Inc.
16.3.7 JenaValve Technology, Inc.
16.3.8 LifeNet Health.
16.3.9 Medtronic
16.3.10 Meril Life Sciences Pvt. Ltd.
16.3.11 VENUS MEDTECH