Market Overview:
The global open surgery heart valves market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in valve replacement therapies, and rising demand for minimally invasive surgeries. The global open surgery heart valves market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mechanical valves and TAVR (transcatheter aortic valve replacement). The mechanical valves segment accounted for majority share of the global open surgery heart valves market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their longer lifespan as compared to TAVR devices and lower risk of thrombosis formation. However, TAVR devices are witnessing high adoption rates due to their ability to replace diseased aortic valves without necessitating cardiopulmonary bypass or sternotomy procedures.
Product Definition:
Open surgery heart valves are surgically opened and replaced with new valves. This is the traditional approach to replacing a heart valve. Open surgery is used when the patient has significant health problems that would make other procedures too risky.
Mechanical Valves:
Mechanical valves are used in open surgery heart valves to replace the damaged or diseased valve. The mechanical valve is a small rubber or plastic device that opens and closes according to the pressure inside it. It can be made of different materials such as silicone, metal, and polymers.
TAVR:
Transcatheter Aortic Valve Replacement (TAVR) is a minimally invasive surgical procedure used to treat degenerated or diseased heart valve. The device consists of a specially designed catheter, which is inserted into the blood vessels and then it opens the valve for blood flow. This helps in reducing pressure &Co2 build up in the arteries and veins, thereby preventing from stroke & heart failure.
Application Insights:
Based on the application, the global open surgery heart valves market is segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as a high prevalence of cardiovascular diseases and an increasing number of hospitals offering cardiac care units across the globe. According to WHO, around 1 in 3 deaths occur due to CVDs which accounts for about 70 million deaths globally every year making it one of the leading causes of death worldwide. Thus rising demand for valve replacement surgeries at a global level is expected to boost product demand over forecast period.
The others segment includes independent living centers, home healthcare services and other non-clinical settings such as social functions or recreational activities at leisure time which involves mechanical valves used in chests with limited access such as skiing trips or hiking tours where there are no dedicated cardiac care facilities available thereby driving growth over forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable healthcare infrastructure, high adoption of advanced technologies, and presence of key players in the region. Moreover, increasing demand for open surgery heart valves due to growing prevalence of valvular diseases is expected to drive growth over the forecast period. In addition, rising geriatric population and awareness about available treatment options are also contributing toward regional growth.
Asia Pacific is expected to witness lucrative CAGR during the forecast period owing to factors such as improving healthcare facilities & infrastructure along with growing patient awareness about various treatments available for cardiac disorders. Furthermore, government initiatives aimed at reducing hospital readmissions are anticipated to fuel demand during the forecast years.
Growth Factors:
- Increasing incidence of heart valve diseases: The increasing incidence of heart valve diseases is one of the key growth drivers for the Open Surgery Heart Valves market. According to a study by the American Heart Association, around 5.8 million Americans are affected by heart valve disease, and this number is expected to rise in the coming years due to the increasing prevalence of risk factors such as obesity and diabetes. This will create significant demand for Open Surgery Heart Valves products and services, thereby driving market growth.
- Technological advancements: The Open Surgery Heart Valves market is witnessing rapid technological advancements, with new products being launched regularly into the market. This has led to increased competition among players, which in turn has resulted in lower product prices and better quality products being made available to consumers at affordable rates. This trend is likely to continue in future, propelling market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Surgery Heart Valves Market Research Report
By Type
Mechanical Valves, TAVR
By Application
Hospital, Clinic, Others
By Companies
Abbott Vascular Inc., Arterius Ltd, Cardionovum GmbH, Aneuclose LLC, InspireMD, Inc, Tepha, Inc., Boston Scientific Corporation, Japan Stent Technology Co., Ltd., Gaudi Vascular, Inc., MicroVention, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Open Surgery Heart Valves Market Report Segments:
The global Open Surgery Heart Valves market is segmented on the basis of:
Types
Mechanical Valves, TAVR
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Vascular Inc.
- Arterius Ltd
- Cardionovum GmbH
- Aneuclose LLC
- InspireMD, Inc
- Tepha, Inc.
- Boston Scientific Corporation
- Japan Stent Technology Co., Ltd.
- Gaudi Vascular, Inc.
- MicroVention, Inc.
Highlights of The Open Surgery Heart Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Valves
- TAVR
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Open Surgery Heart Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Open surgery heart valves are a type of valve that is used to replace a defective or damaged heart valve. These valves are typically made out of metal and can be inserted through the mouth or the nose.
Some of the major companies in the open surgery heart valves market are Abbott Vascular Inc., Arterius Ltd, Cardionovum GmbH, Aneuclose LLC, InspireMD, Inc, Tepha, Inc., Boston Scientific Corporation, Japan Stent Technology Co., Ltd., Gaudi Vascular, Inc., MicroVention, Inc..
The open surgery heart valves market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Open Surgery Heart Valves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Open Surgery Heart Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Open Surgery Heart Valves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Open Surgery Heart Valves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Open Surgery Heart Valves Market Size & Forecast, 2020-2028
4.5.1 Open Surgery Heart Valves Market Size and Y-o-Y Growth
4.5.2 Open Surgery Heart Valves Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mechanical Valves
5.2.2 TAVR
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Open Surgery Heart Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Open Surgery Heart Valves Market Size 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 (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mechanical Valves
9.6.2 TAVR
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mechanical Valves
10.6.2 TAVR
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mechanical Valves
11.6.2 TAVR
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mechanical Valves
12.6.2 TAVR
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mechanical Valves
13.6.2 TAVR
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Open Surgery Heart Valves Market: Competitive Dashboard
14.2 Global Open Surgery Heart Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Vascular Inc.
14.3.2 Arterius Ltd
14.3.3 Cardionovum GmbH
14.3.4 Aneuclose LLC
14.3.5 InspireMD, Inc
14.3.6 Tepha, Inc.
14.3.7 Boston Scientific Corporation
14.3.8 Japan Stent Technology Co., Ltd.
14.3.9 Gaudi Vascular, Inc.
14.3.10 MicroVention, Inc.
