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Published Date: 2017-06-15Number of Pages: 129

Heart Valve Devices Market (Type - Mechanical Heart Valve, Biological Heart Valve, and Transcatheter Aortic Valve; Distribution Channel - Hospitals, Ambulatory Surgical Centers, Cardiac Centers, and Research Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Heart Valve Devices Market: Snapshot

The global heart valve devices market is anticipated to display consistent growth owing to the improved functional attributes and longer life of new-age biological heart valves. Heart valves play a significant role to ensure blood is flowing in the right direction. The valves of our heart contract and relax with every single heartbeat, which implies that they work throughout our lifetime to ensure continuous blood flow. However, the functioning of heart valves can be disrupted because of birth defects that can worsen over time, or due to aging, and other diseases.   

According to statistics of the World health Organization, almost 17.5 million individuals died of cardiovascular diseases in 2012 accounting for 31% of global health.

The demographic group of individuals above the age of sixty years represents the leading demand for heart valve devices. This is because individuals above the age group of sixty years are most susceptible to cardiac disorders, which includes heart malfunctioning.

The global heart valve devices market stood at US$5,046.7 mn in 2016 and is anticipated to reach US$14,358.3 mn by 2025 reflecting a CAGR of 12.4% between 2017 and 2025.

heart-valve-devices-market

 

Transcatheter Aortic Valves to Emerge as Leading Product Segment

In terms of type, the global heart valve devices market is divided into mechanical heart valve, transcatheter aortic heart, and biological heart valve. Mechanical heart valves among these, held the leading share of the heart valve devices market in 2016 as they minimize blood cell damage, followed by least resistance to blood flow. Moreover, mechanical heart valves last long and do not require second surgery as required for biological heart valves.

However, the segment of transcatheter aortic valve is anticipated to rise at the leading CAGR of 13.4% between 2017 and 2025. This is because transcatheter aortic valve technology is a minimally-invasive procedure used to treat heart valve disorder that eliminates the need for traditional or conventional aortic surgery.

By distribution channel, the heart valve devices market is segmented into hospitals, ambulatory surgical centers, and others (cardiac centers, research centers, etc.). Hospitals led the heart valve devices market in 2016 as they are widely available and are mostly preferred by patients to carry out surgical procedures. However, ambulatory surgical centers are expected to lead the heart valve devices market as they are easy to access and are cost-effective as well.

Increasing Prevalence of Cardiovascular Diseases to Make Asia Pacific Lucrative Market for Heart Valve Devices

North America led the global heart valve devices market accounting for 40% of the overall market in 2016. The region is expected to retain its lead position due to the faster integration of technology with healthcare services and rising adoption of transcatheter heart valve procedure among patients with surgical risks. The Europe market for heart valve devices is anticipated to hold second-leading 33.9% share of the overall market by 2025. This is mainly due to increasing product maturity and increasing awareness about novel replacement devices for cardiac disorders.

On the other hand, emerging economies of Asia Pacific such as China and India are expected to outperform their Western counterparts due to an increasing patient pool of patients with heart disorders, rising medical tourism, and significantly changing lifestyle. These factors are expected to make Asia Pacific the most striking region for heart valve devices in the near future.

The key players in the global heart valve devices market are Abbott Laboratories, CryoLife Inc., Mediotronic cplc. Sorin Group, Boston Scientific Corporation, Edward Life Sciences Corporation, and Neovasc Inc. among others.  

1. Preface
      1.1. Market Definition and Scope
      1.2. Market Segmentation
      1.3. Key Research Objectives
      1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Heart Valve Devices Market

4. Market Overview
      4.1. Introduction
              4.1.1. Product Overview
              4.1.2. Industry Evolution / Developments
      4.2. Market Dynamics 
              4.2.1. Drivers
              4.2.2. Restraints
              4.2.3. Opportunity
      4.3. Porter’s Five Force Analysis
      4.4. Value Chain Analysis
      4.5. Market Outlook

5. Global Heart Valve Devices Market Analysis and Forecasts, by Type
      5.1. Key Findings / Developments
      5.2. Introduction & Definition
      5.3. Market Value Forecast by Type, 2017–2025
              5.1.1. Mechanical Heart Valve 
              5.1.2. Biological Heart Valve
              5.1.3. Transcatheter Aortic Valve
      5.4. Key Trends
      5.5. Market Attractiveness by Type

6. Global Heart Valve Devices Market Analysis and Forecasts, by Distribution Channel
      6.1. Key Findings / Developments
      6.2. Introduction & Definition
      6.3. Market Value Forecast by Distribution Channel, 2017–2025
              6.1.1. Hospitals
              6.1.2. Ambulatory Surgical Centers
              6.1.3. Others (cardiac centers, research centers, etc.)
      6.4. Key Trends
      6.5. Market Attractiveness by Distribution Channel

7. Global Heart Valve Devices Market Analysis and Forecasts, by Region
      7.1. Policies and Regulations
      7.2. Market Value Forecast by Region
              7.2.1. North America 
              7.2.2. Europe 
              7.2.3. Asia Pacific 
              7.2.4. Latin America  
              7.2.5. Middle East & Africa 
      7.3. Market Attractiveness by Region

8. North America Heart Valve Devices Market Analysis and Forecasts
      8.1. Market Value Forecast by Country, 2017–2025
              8.1.1. U.S.
              8.1.2. Canada
      8.2. Market Value Forecast by Type, 2017–2025
              8.1.3. Mechanical Heart Valve 
              8.1.4. Biological Heart Valve
              8.1.5. Transcatheter Aortic Valve
      8.3. Market Value Forecast by Distribution Channel, 2017–2025
              8.1.6. Hospitals
              8.1.7. Ambulatory Surgical Centers
              8.1.8. Others (cardiac centers, research centers, etc.)
      8.4. Market Attractiveness Analysis 
              8.1.9. By Country
              8.1.10. By Type 
              8.1.11. By Distribution Channel

9. Europe Heart Valve Devices Market Analysis and Forecasts
      9.1. Market Value Forecast by Country, 2017–2025
              9.1.1. Germany
              9.1.2. France
              9.1.3. U.K.
              9.1.4. Italy
              9.1.5. Spain
              9.1.6. Rest of Europe 
      9.2. Market Value Forecast by Type, 2017–2025
              9.1.7. Mechanical Heart Valve 
              9.1.8. Biological Heart Valve
              9.1.9. Transcatheter Aortic Valve
      9.3. Market Value Forecast by Distribution Channel, 2017–2025
              9.1.10. Hospitals
              9.1.11. Ambulatory Surgical Centers
              9.1.12. Others (cardiac centers, research centers, etc.)
      9.4. Market Attractiveness Analysis 
              9.1.13. By Country
              9.1.14. By Type 
              9.1.15. By Distribution Channel

10. Asia Pacific Heart Valve Devices Market Analysis and Forecasts and Forecasts
      10.1.  Market Value Forecast by Country, 2017–2025
              10.1.1. China
              10.1.2. Japan
              10.1.3. India
              10.1.4. Rest of Asia Pacific
      10.2. Market Value Forecast by Type, 2017–2025
              10.1.5. Mechanical Heart Valve 
              10.1.6. Biological Heart Valve
              10.1.7. Transcatheter Aortic Valve
      10.3.  Market Value Forecast by Distribution Channel, 2017–2025
              10.1.8. Hospitals
              10.1.9. Ambulatory Surgical Centers
              10.1.10. Others (cardiac centers, research centers, etc.)
      10.4.  Market Attractiveness Analysis 
              10.1.11. By Country
              10.1.12. By Type 
              10.1.13. By Distribution Channel

11. Latin America Heart Valve Devices Market Analysis and Forecasts
      11.1. Market Value Forecast by Country, 2017–2025
              11.1.1. Brazil
              11.1.2. Mexico
              11.1.3. Rest of Latin America 
      11.2. Market Value Forecast by Type, 2017–2025
              11.1.4. Mechanical Heart Valve 
              11.1.5. Biological Heart Valve
              11.1.6. Transcatheter Aortic Valve
      11.3.  Market Value Forecast by Distribution Channel, 2017–2025
              11.1.7. Hospitals
              11.1.8. Ambulatory Surgical Centers
              11.1.9. Others (cardiac centers, research centers, etc.)
      11.4.  Market Attractiveness Analysis 
              11.1.10. By Country
              11.1.11. By Type 
              11.1.12. By Distribution Channel

12. Middle East & Africa Heart Valve Devices Market Analysis and Forecasts
      12.1.  Market Value Forecast by Country, 2017–2025
              12.1.1. South Africa
              12.1.2. Saudi Arabia
              12.1.3. Rest of Middle East and Africa 
      12.2. Market Value Forecast by Type, 2017–2025
              12.1.4. Mechanical Heart Valve 
              12.1.5. Biological Heart Valve
              12.1.6. Transcatheter Aortic Valve
      12.3. Market Value Forecast by Distribution Channel, 2017–2025
              12.1.7. Hospitals
              12.1.8. Ambulatory Surgical Centers
              12.1.9. Others (cardiac centers, research centers, etc.)
      12.4.  Market Attractiveness Analysis 
              12.1.10. By Country
              12.1.11. By Type 
              12.1.12. By Distribution Channel

13. Competitive Landscape
      13.1. Market Player – Competition Matrix(By Tier and Size of companies)
      13.2. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
              13.2.1. Abbott Laboratories 
                          13.2.1.1. Company Details
                          13.2.1.2. Company Description
                          13.2.1.3. Business Overview
                          13.2.1.4. SWOT Analysis
                          13.2.1.5. Financial Analysis
                          13.2.1.6. Strategic Overview
              13.2.2. Boston Scientific Corporation
                          13.2.2.1. Company Details
                          13.2.2.2. Company Description
                          13.2.2.3. Business Overview
                          13.2.2.4. SWOT Analysis
                          13.2.2.5. Financial Analysis
                          13.2.2.6. Strategic Overview
              13.2.3. CryoLife, Inc. 
                          13.2.3.1. Company Details
                          13.2.3.2. Company Description
                          13.2.3.3. Business Overview
                          13.2.3.4. SWOT Analysis
                          13.2.3.5. Financial Analysis
                          13.2.3.6. Strategic Overview
              13.2.4. Edward Lifesciences Corporation 
                          13.2.4.1. Company Details
                          13.2.4.2. Company Description
                          13.2.4.3. Business Overview
                          13.2.4.4. SWOT Analysis
                          13.2.4.5. Financial Analysis
                          13.2.4.6. Strategic Overview
              13.2.5. JenaValve Technology, Inc. 
                          13.2.5.1. Company Details
                          13.2.5.2. Company Description
                          13.2.5.3. Business Overview
                          13.2.5.4. SWOT Analysis
                          13.2.5.5. Financial Analysis
                          13.2.5.6. Strategic Overview
              13.2.6. Medtronic plc 
                          13.2.6.1. Company Details
                          13.2.6.2. Company Description
                          13.2.6.3. Business Overview
                          13.2.6.4. SWOT Analysis
                          13.2.6.5. Financial Analysis
                          13.2.6.6. Strategic Overview
              13.2.7. Micro Interventional Devices, Inc. 
                          13.2.7.1. Company Details
                          13.2.7.2. Company Description
                          13.2.7.3. Business Overview
                          13.2.7.4. SWOT Analysis
                          13.2.7.5. Financial Analysis
                          13.2.7.6. Strategic Overview
              13.2.8. Neovasc, Inc. 
                          13.2.8.1. Company Details
                          13.2.8.2. Company Description
                          13.2.8.3. Business Overview
                          13.2.8.4. SWOT Analysis
                          13.2.8.5. Financial Analysis
                          13.2.8.6. Strategic Overview
              13.2.9. Sorin Group 
                          13.2.9.1. Company Details
                          13.2.9.2. Company Description
                          13.2.9.3. Business Overview
                          13.2.9.4. SWOT Analysis
                          13.2.9.5. Financial Analysis
                          13.2.9.6. Strategic Overview
              13.2.10. St. Jude Medical, Inc.
                          13.2.10.1. Company Details
                          13.2.10.2. Company Description
                          13.2.10.3. Business Overview
                          13.2.10.4. SWOT Analysis
                          13.2.10.5. Financial Analysis
                          13.2.10.6. Strategic Overview

List of Figures

FIG. 1 Heart Valve Devices Market Value (US$ Mn), by Type (2016)
FIG. 2 Heart Valve Devices Market Value (US$ Mn), by Distribution Channel (2016)
FIG. 3 Heart Valve Devices Market Value (US$ Mn), by Region (2016)
FIG. 4 Global Heart Valve Devices Market Value Share Analysis, by Type, 2016 and 2025
FIG. 5 Global Mechanical Heart Valve Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–      2025
FIG. 6 Global Biological Heart Valve Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2025
FIG. 7 Global Transcatheter Aortic Valve Market Revenue (US$ Mn) and Y-o-Y Growth (%) Forecast, 2017–2025
FIG. 8 Global Heart Valve Devices Market Attractiveness Analysis, by Type
FIG. 9 Global Heart Valve Devices Market Value Share Analysis, by Distribution Channel, 2016 and 2025
FIG. 10 Global Hospitals Heart Valve Devices Market Value (US$ Mn) and Y-o-Y Growth (%), 2017–2025
FIG. 11 Global Ambulatory Surgical Centers Heart Valve Devices Market Value (US$ Mn) and Y-o-Y Growth (%), 2017-2025
FIG. 12 Global Others (cardiac centers, research centers etc.) Heart Valve Devices Market Value (US$ Mn) and Y-o-Y Growth (%), 2017–2025
FIG. 13 Global Heart Valve Devices Market Attractiveness Analysis, by Distribution-Channel
FIG. 14 North America Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 15 Europe Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 16 Asia Pacific Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 17 Latin America Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 18 MEA Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 19 Global Heart Valve Devices Market Attractiveness Analysis, by Region
FIG. 20 U.S. Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 21 Canada Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 22 North America Heart Valve Devices Market Attractiveness Analysis, by Country
FIG. 23 North America Heart Valve Devices Market Attractiveness Analysis, by Type
FIG. 24 North America Heart Valve Devices Market Attractiveness Analysis, by Distribution Channel
FIG. 25 Germany Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 26 France Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 27 U.K. Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 28 Italy Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 29 Spain Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 30 Rest of Europe Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 31 Europe Heart Valve Devices Market Attractiveness Analysis, by Country
FIG. 32 Europe Heart Valve Devices Market Attractiveness Analysis, by Type
FIG. 33 Europe Heart Valve Devices Market Attractiveness Analysis, by Distribution Channel
FIG. 34 China Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 35 Japan Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 36 India Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 37 Rest of APAC Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 38 Asia Pacific Heart Valve Devices Market Attractiveness Analysis, by Country
FIG. 39 Asia Pacific Heart Valve Devices Market Attractiveness Analysis, by Type
FIG. 40 Asia Pacific Heart Valve Devices Market Attractiveness Analysis, by Distribution Channel
FIG. 41 Brazil Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 42 Mexico Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 43 Rest of LATAM Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 44 Latin America Heart Valve Devices Market Attractiveness Analysis, by Country
FIG. 45 Latin America Heart Valve Devices Market Attractiveness Analysis, by Type
FIG. 46 Latin America Heart Valve Devices Market Attractiveness Analysis, by Distribution Channel
FIG. 47 South Africa Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 48 Saudi Arabia Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 49 Rest of MEA Heart Valve Devices Market Size (US$ Mn) Forecast, 2017–2025
FIG. 50 Middle East & Africa Heart Valve Devices Market Attractiveness Analysis, by Country
FIG. 51 Middle East & Africa Heart Valve Devices Market Attractiveness Analysis, by Type
FIG. 52 Middle East & Africa Heart Valve Devices Market Attractiveness Analysis, by Distribution Channel

List of Tables

Table 01: Global Heart Valve Devices Market Size (US$ Mn) Forecast, by Type, 2017–2025
Table 02: Global Heart Valve Devices Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2025
Table 03: Global Heart Valve Devices Market Size (US$ Mn) Forecast, by Region, 2017–2025
Table 04: North America Heart Valve Devices Market Size (US$ Mn) Forecast, by Country, 2017–2025
Table 05: North America Heart Valve Devices Market Size (US$ Mn) Forecast, by Type, 2017–2025
Table 06: North America Heart Valve Devices Market Size (US$) Forecast, by Distribution Channel, 2017–2025
Table 07: Europe Heart Valve Devices Market Size (US$ Mn) Forecast, by Country, 2017–2025
Table 08: Europe Heart Valve Devices Market Size (US$) Forecast, by Type, 2017–2025
Table 09: Europe Heart Valve Devices Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2025
Table 10: Asia Pacific Heart Valve Devices Market Size (US$ Mn) Forecast, by Country, 2017–2025
Table 11: Asia Pacific Heart Valve Devices Market Size (US$) Forecast, by Type, 2017–2025
Table 12: Asia Pacific Heart Valve Devices Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2025
Table 13: Latin America Heart Valve Devices Market Size (US$ Mn) Forecast, by Country, 2017–2025
Table 14: Latin America Heart Valve Devices Market Size (US$) Forecast, by Type, 2017–2025
Table 15: Latin America Heart Valve Devices Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2025
Table 16: Middle East & Africa Heart Valve Devices Market Size (US$ Mn) Forecast, by Country, 2017–2025
Table 17: Middle East & Africa Heart Valve Devices Market Size (US$) Forecast, by Type, 2017–2025
Table 18: Middle East & Africa Heart Valve Devices Market Size (US$ Mn) Forecast, by Distribution Channel, 2017–2025

Global Heart Valve Devices Market: Overview

This report provides in-depth region wise and country wise analysis of the heart valve devices market. Stakeholders of this report include manufacturers of heart valve devices, raw material suppliers, research institutes involve in the research of heart valve devices and new players planning to enter the market.

The report provides qualitative and quantitative analysis of the global heart valve devices market. Qualitative analysis comprises market dynamics, trends, product overview, and country-level market information. Quantitative analysis includes major players with their reported revenue, market size, and forecast for the global heart valve devices market in major countries globally such as the U.S., Canada, Germany, France, United Kingdom, Spain, Japan, China, Brazil, Mexico, South Africa and Saudi Arabia. Market revenue is provided in terms of US$ Mn from 2015 to 2025 along with the compound annual growth rate (CAGR %) from 2017 to 2025 for all the segments, considering 2016 as the base year. The executive summary of the report provides a snapshot of the heart valve devices with information on leading segments, country wise market information with respect to the market size, growth rate (CAGR %), and growth factors.

The market overview section comprises impact factors such as drivers, restraints, and opportunities for the global heart valve devices market. These factors would aid the stakeholders in establishing a strong foothold in the global heart valve devices market. Furthermore, the market overview section comprises key industry events, product overview, market attractiveness analysis and emerging trend in the heart valve devices market. The market attractiveness analysis provides a graphical view comparing the growth and market dynamics in various segments and country wise to identify the most attractive market.

Global Heart Valve Devices Market: Market Segmentation

The heart valve devices market has been segmented as by type, by distribution channel and by geography. Based on type, the market has been segmented into mechanical heart valve, biological heart valve and transcatheter aortic valve. Based on distribution channel, the market has been segmented into hospitals, ambulatory surgical centers and others (cardiac centers, research centers, etc.).

Geographically, the heart valve devices market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, analysis for the major countries comprising U.S. Canada, Germany, France, U.K.,  Italy, Spain, Rest of Europe, China, Japan, India, Rest of APAC, Brazil, Mexico, Rest of LATAM, South Africa, Saudi Arabia, Rest of MEA have also been provided in the report. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the heart valve devices market in various regions has been provided in this section.

Global Heart Valve Devices Market: Competitive Outlook

This report also includes various ups and downs about particular country or geography that has impacted the overall market globally. The report provides a detailed outline/blueprint of the heart valve devices market globally that will assist new companies in establishing their presence and market players in expanding their market share in the market. The report concludes with the company profile section which includes company overview, financial overview, SWOT analysis, product portfolio, business strategies and recent developments for market players. The major players that are profiled in the report include Abbott Laboratories, Boston Scientific Corporation, CryoLife, Inc., Edward Lifesciences Corporation, Medtronic plc. , Neovasc, Inc., Sorin Group and others.

The global heart valve devices market has been segmented into:

  • Global Heart Valve Devices Market, by Type
    • Mechanical Heart Valve
    • Biological Heart Valve
    • Transcatheter Aortic Valve
       
  • Global Heart Valve Devices Market, by Distribution Channel
    • Hospitals
    • Ambulatory Surgical Centers
    • Others (Cardiac Centers, Research Centers, etc.)
       
  • Global Heart Valve Devices Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific (APAC)
      • China
      • Japan
      • India
      • Rest of APAC
    • Latin America (LATAM)
      • Brazil
      • Mexico
      • Rest of LATAM
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • Rest of MEA


 
 
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