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Published Date: 2017-09-22Number of Pages: 243

Heart Valve Devices Market (Product Type - Mechanical Heart Valves (Aortic Valves and Mitral Valves), Biological Heart Valves (Aortic Valves, Mitral Valves, Pulmonary Valves, and Tricuspid Valves), and Transcatheter Heart Valves (Aortic Valves, Mitral Valves, and Pulmonary Valves); End User – Hospitals and Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Heart Valve Devices Market: Snapshot

On account of the presence of a copious number of manufacturers, the global heart valve devices market is fragmented in nature. Players in the market are seen competing with one another either on the basis of a diverse product portfolio or on the basis of specific products. A report by Transparency Market Research predicts the competition in the market to heat up further in the years to come on account of the foray of aspiring manufacturers.

Majorly fuelling growth in the global market for heart valve devices market is the increasing instances of obesity and unhealthy lifestyle causing various cardiac diseases and pathological disorders. In addition, the increasing demand for minimally invasive procedures and continued product modifications by leveraging the latest technologies developments have brought about more effective heart valve devices. This has also had a positive impact on the market.

As per Transparency Market Research, the global heart valve devices market will likely register a CAGR of 12.4% during the period from 2017 to 2025. Rising at this pace, the market which was worth US$5.8 bn in 2016 will likely become worth US$16.2 bn in 2025.

global heart valve devices market

More than Average Selling Prices of Transcatheter Heart Valves Makes them Dominant Segment

Based on the various types of heart valve devices available in the market, the main segments are mechanical heart valves, biological heart valves, and transcatheter heart valves. Among them, the segment of transcatheter heart valve devices accounts for maximum share in the market. In the foreseeable future too, the segment is expected to retain its dominant share on the back of growing uptake of technologically superior products in developed nations, more than average selling prices, and considerably lower mortality rate achieved by the devices. The mechanical heart valves segment can be further divided into aortic valves and mitral valves. Of them, the segment of transcatheter mitral valves will likely see maximum number of product launches by 2025.

Meanwhile, mechanical heart valve devices are seeing their demand grow in developing countries as these products offer longer life expectancy if anticoagulation is ensured. The biological heart valves, on the other hand, are predicted to grow at a healthy clip in the near future. However, the segment faces threat from substitutes on account of new technologies such as valves made up of bio absorbable polymer scaffolds that provide therapeutic healing to be launched soon.

Improving Healthcare Infrastructure Drives Maximum Growth in Asia Pacific

From a geographical standpoint, North America leads the global heart valve devices market because of the greater uptake of technologically superior products and techniques and comparatively greater average selling prices of heart valve devices in the region. By expanding at a CAGR of 12.4% during the period between 2017 and 2025, the region will likely become worth US$6.92 bn in terms of revenue.

Europe trails North America in the global heart valve devices market vis-à-vis market share. The region’s growth has been mainly brought about by the numerous product launches, supportive policies of the government, and a large pool of elderly highly susceptible to various heart diseases. In terms of growth rate, however, Asia Pacific is expected to overtake other regions by registering a CAGR of 13.3% in the forecast period. The region’s growth will be mainly brought about by the high occurrence of heart valve diseases and an improving healthcare infrastructure.

Some of the prominent participants in the global heart valve devices market are Abbott, CryoLife, Inc., Boston Scientific Corporation, Edward Lifesciences Corporation, TTK HealthCare, JenaValve Technology, Inc., Medtronic, Neovasc, Inc., Sorin Group, Micro Interventional Devices, Inc., and Lepu Medical Technology Co., Ltd.

Global Heart Valve Devices Market: Overview

This report studies the current as well as future prospects of the global heart valve devices market. Stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various heart valve devices, as well as new entrants planning to enter this market.

This research study analyzes the global market for heart valve devices in terms of revenue (US$ Mn) and volume (Units). For the research, 2016 has been considered as the base year and 2015 as the historical year, while all forecasts have been provided from 2017 to 2025. The global heart valve devices market has been studied on the basis of, heart valve device type, end users, and their regional as well as national markets in terms of revenue (US$ Mn) and volume (Units). The global heart valve devices market report comprises an elaborate executive summary that provides overall information about various segments of the market.

The report also includes technological trends covering the current developments, transcatheter mitral valves segment, valve-in-valve replacements, and upcoming technological trends in the global market. The report has covered the mergers and acquisitions in the global heart valve devices market for the period of 2010 to 2017, covering the payment details, and other associated conditions. The report also covers detailed analysis of regulatory pathway for pre-market approval and CE mark.

The detailed pricing analysis covering average selling prices by each heart valve devices type has been provided in the report. The report provides a detailed competitive landscape, by major players operating in this market along with their shares (value %) of the global heart valve devices market for 2016. The report also provides detail company profiles of emerging market players operating in the global heart valve devices market.

The market overview section comprises impact factors such as key market dynamics including drivers, restraints, and opportunities, affecting the demand for heart valve devices in the global 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 key technological trends 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: Segmentation

The heart valve devices market has been segmented as by product type, by end-user and by geography. The global heart valve devices market by type has been segmented into mechanical heart valves, biological heart valves and transcatheter heart valves. The mechanical heart valves segment is further divided into aortic valves and mitral valves. The biological heart valves are further segmented into aortic valves, mitral valves, pulmonary valves, and tricuspid valves. The transcatheter heart valves segment is classified into aortic valves, mitral valves, pulmonary valves. The end-user segment is categorized into hospitals and ambulatory surgical centers.

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, Russia, China, Japan, India, Australia & New Zealand, Brazil, Mexico, South Africa, and GCC countries 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.

Heart Valve Devices Market: Competitive Analysis

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, Boston Scientific Corporation, CryoLife, Inc., Edward Lifesciences Corporation, JenaValve Technology, Inc., Medtronic, Neovasc, Inc., Sorin Group (LivaNova PLC), Micro Interventional Devices, Inc., , TTK HealthCare, and Lepu Medical Technology (Beijing) Co., Ltd. (Lepu Medical Group). The emerging players in the global heart valve devices market includes XELTIS, SYMETIS, Auto Tissue Berlin GmbH, and Novostia SA.

The global heart valve devices market has been segmented into:

  • Global Heart Valve Devices Market, by Type
    • Mechanical Heart Valves
      • Aortic Valves
      • Mitral Valves
    • Biological Heart Valves
      • Aortic Valves
      • Mitral Valves
      • Pulmonary Valves
      • Tricuspid Valves
    • Transcatheter Heart Valves
      • Aortic Valves
      • Mitral Valves
      • Pulmonary Valves
  • Global Heart Valve Devices Market, by End-user
    • Hospitals
    • Ambulatory Surgical Centers
  • Global Heart Valve Devices Market, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa


 
 
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