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Global Heart Valve Devices Market: Players Likely to Resort to Collaborations and Partnerships to Bolster Positions, finds TMR

Posted on Sep 22, 2017

The global heart valves devices market is a fragmented one on account of the presence of numerous manufacturers. While some have a diverse product portfolio, there are others who are focused on particular products. In the years ahead, the market is slated to see the entry of more players making the competition stiff, which in turn will lead to strategic collaborations and acquisitions.

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. Some of the rising promising players include XELTIS, SYMETIS, Auto Tissue Berlin GmbH, and Novostia SA, among others.

A report by Transparency Market Research predicts the global heart valve devices market to progress impressively by registering 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.

The different types of heart valve devices available in the market can be broadly segmented into mechanical heart valves, biological heart valves, and transcatheter heart valves. Of them, the segment of transcatheter heart valve devices dominate the market at present and will likely continue to retain its leading share in the near future as well. This is because of the increasing uptake of technologically advanced products in developed regions, more than average selling prices, and considerably lower mortality rate achieved by the devices.

Geographically, the key segments of the global heart valve devices market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific is slated to surpass all other regions vis-à-vis growth in the next couple of years on account of the growing instances of cardiovascular diseases and a large pool of heart patients. As per the TMR report, the region will likely expand at a CAGR of 13.3% in the forecast period.

global heart valve devices market

Rising Prevalence of Obesity Stokes Growth in Market

At the forefront of driving the global market for heart valve devices is the increasing instances of obesity and unhealthy lifestyle of people worldwide, leading to cardiac diseases and pathological disorders. Besides, the rising demand for minimally invasive procedures which lowers the need for blood transfusions, infections, and even hospital stays by speeding the healing procedure, is also serving to up demand for the devices. In addition, continued product modifications brought about by incorporating latest technologies leading to more advanced heart valve devices is also proving beneficial to the market.

“The innovations in the overall structure and design of valve have borne promising results in valve replacement surgeries. The use of regenerative medicine and in-situ tissue engineering for the development of bio absorbable heart valves is the main area of focus of major market players, who are trying to foray into the global heart valve devices market in the near future,” explains the lead analyst of the TMR report.

This review is based on the findings of a TMR report, titled, “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.”

The Global Heart Valve Devices Market is segmented as below:

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 Center

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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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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