Aortic valve is one of the two main valves on the left side of the heart and is the outflow valve for the left ventricle. It opens and closes to regulate the blood flow and prevents the backward flow of the blood into the heart. Aortic valve replacement is done when the functioning of the aortic valve is affected. It is a procedure of replacing the non-functioning valve with an artificial heart valve. The prosthetic or artificial valve employed may be made of synthetic materials or from animal tissues. Heart diseases that lead to aortic valve replacement include aortic stenosis and aortic regurgitation. Aortic stenosis is the condition where the aortic valve is narrowed, obstructing the flow of blood. Aortic regurgitation is a condition where in the valve is leaky and allows the reverse flow of blood back into the heart. Aortic valve malfunctioning can result from the congenital abnormality or from an age-related acquired disease. The source of the artificial valve used, includes mechanical valves, which are created from man-made materials; and tissue valves, which are created from pig, cow, or human donors. 

The aortic valve replacement market can be segmented based on the type of surgery, product, end user, and geography. Based on the type of surgery done to replace the faulty aortic valve, the market can be segmented into open aortic valve surgery and minimally invasive aortic valve surgery. Minimally invasive surgeries include aortic valve balloon valvuloplasty, transcatheter aortic valve implantation (TAVI), and sutureless aortic valve replacement, among others. On the basis of products, the market can be segmented as stented valves and stentless valve prostheses. Hospitals, ambulatory surgical centers and cardiac catheterization laboratories form the major end-users for the market. Geographically, the aortic valve replacement market can be segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

Aortic stenosis is the most common type of valvular disease observed which is driving the aortic valve replacement market. In addition, changing lifestyles, leading to obesity; increasing cardiovascular diseases, growing health awareness, and increasing global geriatric population also contribute to the growth of the aortic valve replacement market. Furthermore, minimally invasive surgeries are driving the market, owing to their benefits such as low risk of infection, lesser need for blood transfusion, faster healing and recovery, reduced hospital stay, and less pain, among others. The increasing clinical trials that would lead to the introduction of new products in the market would also positively contribute to the market growth. The risks associated with the replacement procedures, high costs, and growing regulations related to product approvals, would negatively impact the aortic valve replacement market.

TAVI, and aortic valve replacement employing a tissue valve, are the common techniques used for aortic valve replacement. In terms of geography, North America had the largest share in the aortic valve replacement market followed by Europe due to the increasing obesity and growing geriatric population in the region. The rising technological advances, growing clinical trials for the same, and government support are expected to contribute to the positive growth of aortic valve replacement market in these regions. The emerging markets in Asia Pacific are expected to record strong growth during the forecast period due to the growing healthcare industry, increase in the aging population, and growing healthcare awareness.

The leading players in the aortic valve replacement market include Boston Scientific Corporation, CryoLife Inc., Edwards Lifesciences Corporation, LivaNova plc, Medtronic plc, St. Jude Medical, Inc., and Symetis SA, among other significant players worldwide.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Aortic Valve Replacement Market

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