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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.
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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
Key Prosthetic Heart Valves Market Trend
Key Prosthetic Heart Valves Market Challenge
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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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.
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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.
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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.
Prosthetic Heart Valves Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.15% |
Market growth 2022-2026 |
$ 4.31 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.55 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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