Market Overview:
The global valve prostheses 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 prevalence of heart diseases, technological advancements in valve prostheses, and rising demand for minimally invasive surgeries. The global valve prostheses market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mechanical type and biological type. The mechanical type segment dominates the global valve prostheses market owing to its low cost and easy availability as compared to biological valves. However, with technological advancements being made in this field regularly; there is an increasing demand for biologic valves over mechanical valves due to their superior performance characteristics such as longer life span and lower risk of thrombosis formation when compared with mechanical valves. On the basis of application,the market is divided into aortic Valve Prosthesis (AVP)and mitral Valve Prosthesis (MVP). AVPs are more common than MVPs owingto higher incidence ratesof aortic stenosisand regurgitation globally .Regionally speaking ,the North American region dominates thenmarket followed by Europe .Asia Pacificis projectedtobe themost lucrativeregion duringthe forecast period owingtothe high prevalenceof heart diseasesin countries such as Chinaand India .
Product Definition:
A valve prosthesis is a device implanted in the heart to replace a diseased or malfunctioning valve. The most common type of valve prosthesis is an artificial heart valve.
Mechanical Type:
The mechanical type is a category of prosthetic valve which has no substitute in the market. It's usage and growth factor are increasing at a rapid rate due to growing demand for minimally invasive surgeries, technological advancements and rising prevalence of cardiovascular diseases across the globe. The global population is aging rapidly, which will lead to an increase in cardiovascular diseases such as heart attack & stroke.
Biological Type:
Valve prostheses are medical devices used to replace or restore the function of a diseased or removed valve in the body. Biological valves are used as a model for designing prosthetic valves. The biological type is mainly referred to as bicuspid and tricuspid valves. These two types of valves have different structures, which determine their functionality and performance during exercise stress testing (EST).
Application Insights:
The aortic valve prosthesis application segment accounted for the largest revenue share in 2017 owing to the increasing prevalence of aortic stenosis and other heart valve diseases. According to data published by the National Center for Biotechnology Information (NCBI) in 2015, around 1% of population in North America suffer from aortic stenosis while 2-3% of people across Europe are suffering from this condition. Thus, rising incidence rate coupled with growing geriatric population is expected to boost demand over the forecast period.
In addition, during recent years there has been an increase in number of surgical procedures performed for replacing mitral valves. This procedure is majorly used if patients have suffered from severe mitral regurgitation or if they have had previous surgeries that did not work out well as expected due to scarring on heart valves leaflets or damage caused during surgery itself.
Regional Analysis:
North America dominated the global market in 2017 owing to high product adoption, favorable reimbursement policies, and increasing healthcare expenditure. The U.S. held a major share in North America regional market due to high demand for replacement surgeries and growing geriatric population prone to cardiac diseases & disorders. AccordingSSA’s Health Information National Trends Survey (HINTS) Report 2016-2017, around 6 million people suffer from heart failure in the country every year with an average of 13 deaths per 100 cases; whereas mitral valve repair is performed as an open surgery only accounting for 2% of all cardiovascular surgeries performed annually in the U.S.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income levels.
Growth Factors:
- Increasing incidence of valve-related diseases such as heart failure, aortic stenosis, and mitral regurgitation is expected to drive the demand for valve prostheses over the forecast period.
- Technological advancements in minimally invasive surgical procedures are anticipated to boost the adoption of valve prostheses. For instance, transcatheter aortic valve replacement (TAVR) is a less invasive alternative to traditional open heart surgery and is becoming increasingly popular due to its shorter hospital stay and lower complication rates.
- Rising geriatric population across the globe is also likely to fuel market growth as this population segment is more susceptible to developing valve-related diseases.
- Growing awareness about treatment options for various types of valves disorders will spur demand for Valve Prostheses products over the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Valve Prostheses Market Research Report
By Type
Mechanical Type, Biological Type
By Application
Aortic, Mitral
By Companies
Lepu Medical Technology (acquired Comed), On-X Life Technologies, Medtronic Inc, Lepu Medical Technology (acquired Comed)
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Valve Prostheses Market Report Segments:
The global Valve Prostheses market is segmented on the basis of:
Types
Mechanical Type, Biological Type
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
Aortic, Mitral
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:
- Lepu Medical Technology (acquired Comed)
- On-X Life Technologies
- Medtronic Inc
- Lepu Medical Technology (acquired Comed)
Highlights of The Valve Prostheses 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 Type
- Biological Type
- By Application:
- Aortic
- Mitral
- 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 Valve Prostheses 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?
Valve Prostheses are a type of artificial limb that replace missing body parts. They can be used to replace arms, legs, or feet.
Some of the major players in the valve prostheses market are Lepu Medical Technology (acquired Comed), On-X Life Technologies, Medtronic Inc, Lepu Medical Technology (acquired Comed).
The valve prostheses market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Valve Prostheses 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 Valve Prostheses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Valve Prostheses 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 Valve Prostheses 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 Valve Prostheses Market Size & Forecast, 2018-2028
4.5.1 Valve Prostheses Market Size and Y-o-Y Growth
4.5.2 Valve Prostheses Market Absolute $ Opportunity
Chapter 5 Global Valve Prostheses 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 Valve Prostheses Market Size Forecast by Type
5.2.1 Mechanical Type
5.2.2 Biological Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Valve Prostheses 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 Valve Prostheses Market Size Forecast by Applications
6.2.1 Aortic
6.2.2 Mitral
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Valve Prostheses 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 Valve Prostheses 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 Valve Prostheses Analysis and Forecast
9.1 Introduction
9.2 North America Valve Prostheses 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 Valve Prostheses Market Size Forecast by Type
9.6.1 Mechanical Type
9.6.2 Biological Type
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 Valve Prostheses Market Size Forecast by Applications
9.10.1 Aortic
9.10.2 Mitral
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 Valve Prostheses Analysis and Forecast
10.1 Introduction
10.2 Europe Valve Prostheses 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 Valve Prostheses Market Size Forecast by Type
10.6.1 Mechanical Type
10.6.2 Biological Type
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 Valve Prostheses Market Size Forecast by Applications
10.10.1 Aortic
10.10.2 Mitral
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 Valve Prostheses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Valve Prostheses 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 Valve Prostheses Market Size Forecast by Type
11.6.1 Mechanical Type
11.6.2 Biological Type
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 Valve Prostheses Market Size Forecast by Applications
11.10.1 Aortic
11.10.2 Mitral
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 Valve Prostheses Analysis and Forecast
12.1 Introduction
12.2 Latin America Valve Prostheses 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 Valve Prostheses Market Size Forecast by Type
12.6.1 Mechanical Type
12.6.2 Biological Type
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 Valve Prostheses Market Size Forecast by Applications
12.10.1 Aortic
12.10.2 Mitral
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) Valve Prostheses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Valve Prostheses 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) Valve Prostheses Market Size Forecast by Type
13.6.1 Mechanical Type
13.6.2 Biological Type
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) Valve Prostheses Market Size Forecast by Applications
13.10.1 Aortic
13.10.2 Mitral
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 Valve Prostheses Market: Competitive Dashboard
14.2 Global Valve Prostheses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lepu Medical Technology (acquired Comed)
14.3.2 On-X Life Technologies
14.3.3 Medtronic Inc
14.3.4 Lepu Medical Technology (acquired Comed)
