Cardiac Valve Market Overview
The global Cardiac Valve Market was valued at US$ 1.8 billion in 2023 and is projected to reach US$ 6.44 billion by 2030, growing at a CAGR of 20% from 2024 to 2030. A cardiac valve, or artificial heart valve, is implanted to replace a defective valve in the human heart. These valves ensure one-way blood flow through the heart, preventing blood from flowing backward, which can lead to serious conditions like heart failure. The primary heart valves include the tricuspid, pulmonic, mitral, and aortic valves. This market is driven by the rising prevalence of valvular heart disease (VHD) and advancements in heart valve replacement technologies.
Cardiac Valve Market Report Dynamics
Growth Drivers:
Increasing cases of valvular heart disease (VHD), such as aortic stenosis, are a significant factor driving the market. Studies indicate that aortic stenosis is linked to a mortality rate of 106.3 per million people in the U.S.
Rising healthcare expenditures, particularly in countries like the U.S., where healthcare spending is projected to grow by 5.5% annually, are expected to fuel market growth.
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Restraints:
High costs of transcatheter heart valve devices and associated procedures act as a barrier. For example, TAVR devices cost around $32,000, compared to $4,000–$7,000 for surgical valves.
Risks associated with valve replacement procedures, such as bleeding, stroke, and arrhythmias, could limit market expansion.
Opportunities:
High survival rates for mitral valve replacement among senior patients with VHD are creating demand for advanced prosthetic mitral valve devices.
A growing opportunity exists for the development of cardiac valves that eliminate the need for anticoagulant therapy, especially for special populations like pregnant women.
Cardiac Valve Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Cardiac Valve market status in various countries. The Cardiac Valve market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Cardiac Valve Market Segmentation
By Type:
Transcatheter Heart Valves are expected to experience rapid growth, driven by ease of installation and the growing number of specialized surgical centers. This segment is favored for treating high-risk patients, and new device approvals are anticipated to boost market expansion.
Mechanical and Tissue Heart Valves also hold significant market share due to increasing life expectancy and technological advancements.
By End-User:
Hospitals dominate the market, followed by specialty clinics, where advanced cardiac procedures are performed.
The others segment includes ambulatory surgery centers and homecare settings, where the demand for cardiac care continues to grow.
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Cardiac Valve Market Key Players
Edwards Lifesciences Corporation
St. Jude Medical, Inc
LivaNova PLC
Symetis SA
Jenavalve Technology, Inc.
Colibri Heart Valve
CryoLife, Inc.
TTK Healthcare Limited
Lepu Medical Technology Co., Ltd.
Boston Scientific Corporation
Medtronic plc
Braile Biomédica
Key questions answered in the Cardiac Valve Market are:
- What is Cardiac Valve?
- What was the Cardiac Valve market size in 2023?
- What is the growth rate of the Cardiac Valve Market?
- Which are the factors expected to drive the Cardiac Valve market growth?
- What are the different segments of the Cardiac Valve Market?
- What growth strategies are the players considering to increase their presence in Cardiac Valve?
- What are the upcoming industry applications and trends for the Cardiac Valve Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Cardiac Valve Market?
- What segments are covered in the Cardiac Valve Market?
- Who are the leading companies and what are their portfolios in Cardiac Valve Market?
- What segments are covered in the Cardiac Valve Market?
- Who are the key players in the Cardiac Valve market?
For detailed insights, please visit the link to the complete study:https://www.stellarmr.com/report/Cardiac-Valve-Market/223
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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