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Global Prosthetic Heart Valve Market to reach USD 14.42 billion by 2028

Global Prosthetic Heart Valve Market Size study, by Product (Mechanical Heart Valve, Tissue Heart Valve, Transcatheter Heart Valve) and Regional Forecasts 2022-2028

Product Code: HLSMDE-72667459
Publish Date: 27-09-2022
Page: 200

Global Prosthetic Heart Valve Market is valued approximately USD 6.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.10 % over the forecast period 2022-2028. Prosthetic heart valves are artificial valves that are used to replace dysfunctional native valves. Prosthetic heart Valves are categorized into three types mechanical heart valves, bioprosthetic valves, and homografts. The rise in prevalence of valvular heart disease Worldwide and growing demand for minimally invasive surgeries as well as Strategic initiatives from leading market players are key factors propelling the market growth. For Instance – according to American College of Cardiology estimates – as of 2020, each year more than 5 million Americans are diagnosed with Valvular Heart Disease (VHD). In addition, around 500,000 VHD patients suffer from severe Aortic Stenosis (AS). Moreover, as per the European Society of Cardiology (ESC) – as of 2021, around 13% of people aged 75 and older in high-income countries are affected by VHD. Further, in September 2021, Abbott announced that it has received FDA approval for its Epic™ Plus and Epic Plus Supra Stented Tissue Valves. These two valves are intended for the treatment of aortic or mitral valve disease. Also, an increase in the number of geriatric individuals, as well as rising trend of sedentary lifestyle, would create lucrative growth opportunities for the Prosthetic Heart Valve Market during the forecast period. However, various factors such as high treatment costs and complications associated with the use of prosthetic heart valves as well unfavourable reimbursement scenarios the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Prosthetic Heart Valve Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to factors such as the increasing prevalence of lifestyle disorders such as diabetes and obesity as well as the presence of leading market players in the region. The Asia Pacific is anticipated to be the fastest-growing region during the forecast period. Factors such as increasing incidences of cardiac disorders such as aortic stenosis, and the rising healthcare infrastructure in countries like China, and India would create lucrative growth opportunities for the market in the Asia Pacific region.

Major market player included in this report are:
Abbott
Medtronic
Meril Lifesciences
Boston Scientific Corporation
Micro Interventional Devices, Inc.
Direct Flow medical, Inc.
Edwards Lifesciences Corporation
LivaNova PLC.
JenaValve Technology, Inc.
CryoLife, Inc.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Mechanical Heart Valve
Tissue Heart Valve
Transcatheter Heart Valve
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Prosthetic Heart Valve Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Prosthetic Heart Valve Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Prosthetic Heart Valve Market, by Product, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Prosthetic Heart Valve Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Prosthetic Heart Valve Market Dynamics
3.1. Prosthetic Heart Valve Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rise in prevalence of valvular heart disease Worldwide.
3.1.1.2. Growing demand for minimally invasive surgeries
3.1.1.3. Strategic initiatives from leading market players.
3.1.2. Market Challenges
3.1.2.1. Complications associated with Prosthetic Heart Valve.
3.1.2.2. High cost associated with Prosthetic heart Valve.
3.1.2.3. Unfavourable reimbursement policies.
3.1.3. Market Opportunities
3.1.3.1. Increase in number of geriatric individuals.
3.1.3.2. Rising shift towards sedentary lifestyle
Chapter 4. Global Prosthetic Heart Valve Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Prosthetic Heart Valve Market, by Product
6.1. Market Snapshot
6.2. Global Prosthetic Heart Valve Market by Product, Performance – Potential Analysis
6.3. Global Prosthetic Heart Valve Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Prosthetic Heart Valve Market, Sub Segment Analysis
6.4.1. Mechanical Heart Valve
6.4.2. Tissue Heart Valve
6.4.3. Transcatheter Heart Valve
Chapter 7. Global Prosthetic Heart Valve Market, Regional Analysis
7.1. Prosthetic Heart Valve Market, Regional Market Snapshot
7.2. North America Prosthetic Heart Valve Market
7.2.1. U.S. Prosthetic Heart Valve Market
7.2.1.1. Product estimates & forecasts, 2018-2028
7.2.2. Canada Prosthetic Heart Valve Market
7.3. Europe Prosthetic Heart Valve Market Snapshot
7.3.1. U.K. Prosthetic Heart Valve Market
7.3.2. Germany Prosthetic Heart Valve Market
7.3.3. France Prosthetic Heart Valve Market
7.3.4. Spain Prosthetic Heart Valve Market
7.3.5. Italy Prosthetic Heart Valve Market
7.3.6. Rest of Europe Prosthetic Heart Valve Market
7.4. Asia-Pacific Prosthetic Heart Valve Market Snapshot
7.4.1. China Prosthetic Heart Valve Market
7.4.2. India Prosthetic Heart Valve Market
7.4.3. Japan Prosthetic Heart Valve Market
7.4.4. Australia Prosthetic Heart Valve Market
7.4.5. South Korea Prosthetic Heart Valve Market
7.4.6. Rest of Asia Pacific Prosthetic Heart Valve Market
7.5. Latin America Prosthetic Heart Valve Market Snapshot
7.5.1. Brazil Prosthetic Heart Valve Market
7.5.2. Mexico Prosthetic Heart Valve Market
7.6. Rest of The World Prosthetic Heart Valve Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Abbott
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Medtronic
8.2.3. Meril Lifesciences
8.2.4. Boston Scientific Corporation
8.2.5. Micro Interventional Devices, Inc.
8.2.6. Direct Flow medical, Inc.
8.2.7. Edwards Lifesciences Corporation
8.2.8. LivaNova PLC.
8.2.9. JenaValve Technology, Inc.
8.2.10. CryoLife, Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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