The Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Prosthetic Heart Valve Devices And Equipment Global Market Report 2024, The prosthetic heart valve devices and equipment market size has grown rapidly in recent years. It will grow from $5.65 billion in 2023 to $6.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, chronic disease management, clinical guidelines and research.
The prosthetic heart valve devices and equipment market size is expected to see strong growth in the next few years. It will grow to $8.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to minimally invasive procedures, telehealth integration, global access to healthcare, drug-coated devices. Major trends in the forecast period include artificial intelligence (ai) in vascular medicine, robot-assisted interventions, point-of-care testing, bioresorbable vascular scaffolds.
The rising prevalence of valvular heart disease has driven the need for transcatheter aortic valve replacement (TAVR) procedures, thus driving the prosthetic heart valve devices and equipment market. TAVR is a minimally-invasive surgical procedure done to cure aortic stenosis which is a valvular heart disease that affects the aortic valve of the heart. Aortic stenosis affects the aortic valve by hardening it, thus not allowing blood to properly flow through it and TAVR is used to replace this defective aortic valve with a transcatheter valve. According to a report from The Society of Thoracic Surgeons (STS)/American College of Cardiology (ACC) TVT Registry, volumes have grown every year. In 2021, TAVR procedures make up more than 84% of aortic valve replacement procedures in the United States. 92,000 TAVR procedures were done in 2021. As the rate of occurrence of valvular heart diseases rises, the number of TAVR procedures done can be expected to increase which also increases the demand for transcatheter valves, thus driving the market going forward.
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The prosthetic heart valve devices and equipment market covered in this report is segmented –
1) By Product Type: Repair Products; Mitral Valve Repair Devices; Tricuspid Valve Repair Devices
2) By Type: Transcatheter Heart Valve; Tissue Heart Valve; Mechanical Heart Valve
3) By Technology: Biological Valve; Decellularized Valve
4) By Application: Hospitals; Ambulatory Surgery Centres
The prosthetic heart valve devices and equipment market report table of contents includes:
- Executive Summary
- Prosthetic Heart Valve Devices And Equipment Market Characteristics
- Prosthetic Heart Valve Devices And Equipment Market Trends And Strategies
- Prosthetic Heart Valve Devices And Equipment Market – Macro Economic Scenario
- Global Prosthetic Heart Valve Devices And Equipment Market Size and Growth
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- Global Prosthetic Heart Valve Devices And Equipment Market Competitive Benchmarking
- Global Prosthetic Heart Valve Devices And Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Prosthetic Heart Valve Devices And Equipment Market
- Prosthetic Heart Valve Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
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