Prosthetic Heart Valves Market by Product and Geography - Forecast and Analysis 2022-2026

The prosthetic heart valves market share is expected to increase by USD 4.31 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.15%.

This prosthetic heart valves market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers prosthetic heart valves market segmentation by product (transcatheter heart valves, tissue heart valves, and mechanical heart valves) and geography (North America, Europe, Asia, and Rest of World (ROW)). The prosthetic heart valves market report also offers information on several market vendors, including Abbott Laboratories, Berlin Heart GmbH, Boston Scientific Corp., Braile Biomedica, Colibri Heart Valve LLC, Cryolife Inc., Direct Flow Medical Inc., Edwards Lifesciences Corp., JenaValve Technology Inc., Labcor, Lepu Medical Technology Beijing Co. Ltd., LifeNet Health Inc, LivaNova Plc, Medtronic Plc, Meril Life Sciences Pvt. Ltd., Micro Interventional Devices Inc., MitrAssist Ltd, and NaviGate Cardiac Structures Inc among others.

What will the Prosthetic Heart Valves Market Size be During the Forecast Period?

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Prosthetic Heart Valves Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post-COVID-19 era. The growing prevalence of heart-related disorders is notably driving the prosthetic heart valves market growth, although factors such as complications associated with prosthetic heart valve replacement may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the prosthetic heart valves industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Prosthetic Heart Valves Market Driver

• The growing prevalence of heart-related disorders is one of the key drivers fueling the prosthetic heart valves market growth.
• On average, more than a million newborns are diagnosed with CHD each year. Also, approximately eight per thousand people are diagnosed with CHD every year. Further, CHD accounts for nearly 5% of the total neonatal deaths every year. 
• Congenital heart defects and other heart-related disorders are driving the growth of the global prosthetic cardiac devices market.
• The rising incidence of CHD among infants increases the need for MI surgery and catheterization to correct the damaged heart valves. For instance, according to the CDC report of 2020, an estimated 1% of infants in the US were diagnosed with CHD. 
• CHD is one of the leading causes of birth defect-associated infant illness and death. Thus, the increasing prevalence of various CHD is driving the sales of prosthetic heart valves globally.

Key Prosthetic Heart Valves Market Trend

• The emergence of MRI-conditional heart valves is one of the key prosthetic heart valves market trends propelling market growth.
• MRI-conditional heart valves help to improve the visibility of the heart valve during the procedural examination.
• Regulatory approval of the MRI-conditional heart valve is expected to change the market dynamics. Moreover, the introduction of this new technology further expands the ability to access heart valves with the diagnostic capabilities of MRI. 
• The CE mark and the FDA approval of Medtronic's new Avalus pericardial aortic surgical valve, which helps in treating aortic valve disease, have driven the global prosthetic heart valves market. The product has distinct features and can be used during MRI. This technologically innovative device with advanced features improves clinical performance in aortic valve replacement patients.
• The launch of the Avalus valve helped Medtronic to remain the market leader as it is the only MRI-safe stented surgical aortic valve available in the market. Thus, such launches may fuel market growth in the coming years.

Key Prosthetic Heart Valves Market Challenge

• Complications associated with prosthetic heart valve replacement is one of the factors limiting the prosthetic heart valves market growth.
• The rate of acute complications associated with heart valve replacement is high. For instance, complications associated with transcatheter aortic valve implantation, while treating the patient living with aortic stenosis are bleeding, infection, pneumonia, breathing problems, arrhythmias, and blood clots that lead to heart attack, stroke, or lung disorders. 
• TAVI implantation is associated with serious complications such as vascular injuries, stroke, structural injuries to the aorta and the heart and its valve, tissue injury, paravalvular leak, aortic root or annulus injury, and valve malposition.
• The complications that occur during or post-surgery could be fatal. One-fourth of the people who undergo aortic valve replacement surgery require a pacemaker to control their heartbeat. Thus, the range of serious complications associated with transcatheter and tissue valve replacement procedures and devices will restrain the market growth.

This prosthetic heart valves market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global prosthetic heart valves market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the prosthetic heart valves market during the forecast period.

Who are the Major Prosthetic Heart Valves Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Abbott Laboratories
• Berlin Heart GmbH
• Boston Scientific Corp.
• Braile Biomedica
• Colibri Heart Valve LLC
• Cryolife Inc.
• Direct Flow Medical Inc.
• Edwards Lifesciences Corp.
• JenaValve Technology Inc.
• Labcor
• Lepu Medical Technology Beijing Co. Ltd.
• LifeNet Health Inc
• LivaNova Plc
• Medtronic Plc
• Meril Life Sciences Pvt. Ltd.
• Micro Interventional Devices Inc.
• MitrAssist Ltd
• NaviGate Cardiac Structures Inc

This statistical study of the prosthetic heart valves market encompasses successful business strategies deployed by the key vendors. The prosthetic heart valves market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• abbott.com - Under the established pharmaceuticals products segment, the company manufacturers branded generic pharmaceuticals for established and emerging markets.
• abbott.com - The company offers prosthetic heart valves that includes Epic Plus Supra Stented Tissue Valve, Trifecta Valve, Regent Mechanical Heart Valve, and Masters Series Mechanical Heart Valve.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The prosthetic heart valves market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Prosthetic Heart Valves Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the prosthetic heart valves market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Prosthetic Heart Valves Market?

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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the prosthetic heart valves market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The high prevalence of heart-related disorders such as heart valve diseases, stenosis, and atresia will facilitate the prosthetic heart valves market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had adversely impacted the regional market. However, the market has been growing positively since 2021, as the disease has been brought under control with the advent of COVID-19 vaccines. The outbreak also prompted vendors to develop new business strategies, such as online promotional activities and training for doctors, to raise the demand for prosthetic heart valves. This will help the regional market to grow during the forecast period.

What are the Revenue-generating Product Segments in the Prosthetic Heart Valves Market?

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The prosthetic heart valves market share growth in the transcatheter heart valves segment will be significant during the forecast period. The global transcatheter heart valves market is growing at a faster pace owing to a rise in the number of the target population with mitral regurgitation and aortic stenosis globally, requiring either replacement or repair procedures to treat deformed valves. Further, the market has experienced growth owing to the rising number of valvular heart diseases coupled with the rise in the older adult population aged above 65 years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the prosthetic heart valves market size and actionable market insights on post-COVID-19 impact on each segment.

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What are the Key Data Covered in this Prosthetic Heart Valves Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive prosthetic heart valves market growth during the next five years
• Precise estimation of the prosthetic heart valves market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the prosthetic heart valves industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of prosthetic heart valves market vendors

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