Aortic Valve Replacement Market
Global Aortic Valve Replacement Market Size, Share & Trends Analysis Report by Disease (Aortic Stenosis and Aortic Regurgitation), by Device (Mechanical Heart Valves, Transcatheter Heart Valves, and Tissue Heart Valves), and by End-User (Hospitals, Ambulatory Surgical Centers, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global aortic valve replacement market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Aortic valve replacement is a procedure using an artificial valve device for the treatment of diseases affecting the aortic valve, such as aortic stenosis and aortic regurgitation. The key factor contributing to the growth of the global aortic valve replacement market is the increasing prevalence of heart diseases in the aging population. Thus, further increasing the number of patients with valvular heart disease. According to the American College of Cardiology, the prevalence of valvular heart disease (VHD) is rising in the US, with more than 5 million Americans diagnosed each year. While up to 1.5 million people suffer from aortic stenosis (AS) in the U.S., approximately 500,000 within this group of patients suffer from severe AS. Additionally, an estimated 4 million people have significant mitral valve insufficiency, with an annual incidence of 250,000 suffering from mitral regurgitation (MR) in the U.S.
Impact of COVID-19 Pandemic on Global Aortic Valve Replacement Market
The COVID-19 pandemic had created an unprecedented disruption to global economies and the healthcare industry, with extensive lockdowns and travel bans. Patients with aortic valve replacement with coronavirus disease 2019 (COVID-19) infection are a challenging subset of patients to manage. Very little is known regarding the outcome of COVID-19 infection in these patients. The patients are challenging not just because of concomitant cardiovascular risk factors but also due to the presence of liver function abnormalities, which hindered the growth of the market.
Segmental Outlook
The global aortic valve replacement market is segmented based on the disease, device, and end-user. Based on the disease, the market is segmented into aortic stenosis and aortic regurgitation. Based on the device, the market is sub-segmented into mechanical heart valves, transcatheter heart valves, and tissue heart valves. The tissue heart valve segment includes stented bioprostheses, stentless bioprostheses, sutureless bioprostheses, and TAVI. Based on the end-user, the market is again segmented into the hospitals, ambulatory centers, and others including academic research laboratories and cardiac catheterization laboratories. The above-mentioned segments can be customized as per the requirements. Among the end-users, the hospital segment is expected to drive the market growth as heart valves find significant application in hospitals due to the increasing number of heart surgeries in hospitals coupled with the growing number of hospitals across the globe.
Global Aortic Valve Replacement Market Share by Device, 2021 (%)
The Tissue Heart Valves Segment is Expected to Hold the Significant Share in the Global Aortic Valve Replacement Market
Among the device, the tissue heart valve segment is expected to hold a significant share in the market over the forecast period. The tissue valves compared to mechanical valves include the avoidance of lifelong warfarin therapy to prevent the development of blood clots. Moreover, tissue valves are gaining significant share due to growing FDA approvals for treatment. For instance, in September 2021, FDA approved Abbott’s epic plus tissue valves for people in need of mitral or aortic valve replacement.
Regional Outlooks
The global aortic valve replacement market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to hold a remarkable share in the market during the forecast period due to cost-effective cardiac procedures compared to the US and Germany.
Global Aortic Valve Replacement Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to hold the Considerable Share in the Global Aortic Valve Replacement Market
Among all regions, the Asia-Pacific region is expected to hold a considerable share in the market over the forecast period. The increasing prevalence of heart valve diseases and advances in aortic valve replacement technology in the region is propelling the growth of the market. For instance, in September 2021, Abbott received FDA approval for a minimally invasive portico with a Flexnav TAVR system to treat patients with aortic valve disease.
Market Players Outlook
The major companies serving the global aortic valve replacement market include Abbott Laboratories, Boston Scientific Corp., Cardiosolutions, Inc., LivaNova, PLC, Medtronic, PLC, Micro Interventional Devices, Inc., MitrAssist Ltd., NVT AG, Koninklijke Philips N.V., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, OHRH launched the TAVR program for heart valve replacement. Owensboro Health Regional Hospital recently began performing transcatheter aortic valve replacement (TAVR) procedures, successfully treating patients suffering from aortic stenosis. The procedure is performed by interventional/structural cardiologist Ashish Rastogi, MD, and the Owensboro Health heart services team.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aortic valve replacement market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Aortic Valve Replacement Market
- Recovery Scenario of Global Aortic Valve Replacement Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Aortic Valve Replacement Market by Disease
4.1.1.Aortic Stenosis
4.1.2.Aortic Regurgitation
4.2.Global Aortic Valve Replacement Market by Device
4.2.1.Mechanical Heart Valves
4.2.2.Transcatheter Heart Valves
4.2.3.Tissue Heart Valves
4.2.3.1.Stented Bioprostheses
4.2.3.2.Stentless Bioprostheses
4.2.3.3.Sutureless Bioprostheses
4.2.3.4.TAVI
4.3.Global Aortic Valve Replacement Market by End-User
4.3.1.Hospitals
4.3.2.Ambulatory Surgical Centers
4.3.3.Others (Academic Research Laboratories & Cardiac Catherization Laboratories)
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.Abbott Laboratories
6.2.Autotissue Berlin GmbH
6.3.BioAlps Association
6.4.Boston Scientific Corp.
6.5.Cardiosolutions, Inc.
6.6.Cryolife, Inc.
6.7.Edwards Lifesciences Corp.
6.8.HLT, Inc.
6.9.JenaValve Technology Inc.
6.10.LivaNova, PLC
6.11.Medtronic, PLC
6.12.Micro Interventional Devices, Inc.
6.13.MitrAssist Ltd.
6.14.NVT AG
6.15.Koninklijke Philips N.V.
6.16.Terumo Corp.
6.17.Xeltis AG
1.GLOBAL AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DISEASE, 2021-2028 ($ MILLION)
2.GLOBAL AORTIC VALVE REPLACEMENT FOR AORTIC STENOSIS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL AORTIC VALVE REPLACEMENT FOR AORTIC REGURGITATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE, 2021-2028 ($ MILLION)
5.GLOBAL AORTIC VALVE REPLACEMENT BY MECHANICAL HEART VALVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL AORTIC VALVE REPLACEMENT BY TRANSCATHETER HEART VALVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL AORTIC VALVE REPLACEMENT BY TISSUE HEART VALVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8.GLOBAL AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
9.GLOBAL AORTIC VALVE REPLACEMENT FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL AORTIC VALVE REPLACEMENT FOR AMBULATORY SURGICAL CENTERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL AORTIC VALVE REPLACEMENT FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13.NORTH AMERICAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14.NORTH AMERICAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DISEASE, 2021-2028 ($ MILLION)
15.NORTH AMERICAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE, 2021-2028 ($ MILLION)
16.NORTH AMERICAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
17.EUROPEAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18.EUROPEAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DISEASE, 2021-2028 ($ MILLION)
19.EUROPEAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE, 2021-2028 ($ MILLION)
20.EUROPEAN AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
21.ASIA-PACIFIC AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22.ASIA-PACIFIC AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DISEASE, 2021-2028 ($ MILLION)
23.ASIA-PACIFIC AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE, 2021-2028 ($ MILLION)
24.ASIA-PACIFIC AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
25.REST OF THE WORLD AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26.REST OF THE WORLD AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DISEASE, 2021-2028 ($ MILLION)
27.REST OF THE WORLD AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY DEVICE, 2021-2028 ($ MILLION)
28.REST OF THE WORLD AORTIC VALVE REPLACEMENT MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL AORTIC VALVE REPLACEMENT MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL AORTIC VALVE REPLACEMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL AORTIC VALVE REPLACEMENT MARKET, 2022-2028 (%)
4.GLOBAL AORTIC VALVE REPLACEMENT MARKET SHARE BY DISEASE, 2021 VS 2028 (%)
5.GLOBAL AORTIC VALVE REPLACEMENT FOR AORTIC STENOSIS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL AORTIC VALVE REPLACEMENT FOR AORTIC REGURGITATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL AORTIC VALVE REPLACEMENT MARKET SHARE BY DEVICE, 2021 VS 2028 (%)
8.GLOBAL AORTIC VALVE REPLACEMENT BY MECHANICAL HEART VALVES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9.GLOBAL AORTIC VALVE REPLACEMENT BY TRANSCATHETER HEART VALVES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL AORTIC VALVE REPLACEMENT BY TISSUE HEART VALVES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11.GLOBAL AORTIC VALVE REPLACEMENT BY STENTED BIOPROSTHESES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12.GLOBAL AORTIC VALVE REPLACEMENT BY STENTLESS BIOPROSTHESES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL AORTIC VALVE REPLACEMENT BY SUTURELESS BIOPROSTHESES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL AORTIC VALVE REPLACEMENT BY TAVI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL AORTIC VALVE REPLACEMENT MARKET SHARE BY END-USER, 2021 VS 2028 (%)
16.GLOBAL AORTIC VALVE REPLACEMENT FOR HOSPITALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17.GLOBAL AORTIC VALVE REPLACEMENT FOR AMBULATORY CENTERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18.GLOBAL AORTIC VALVE REPLACEMENT FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19.GLOBAL AORTIC VALVE REPLACEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20.US AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
21.CANADA AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
22.UK AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
23.FRANCE AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24.GERMANY AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25.ITALY AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26.SPAIN AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27.REST OF EUROPE AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28.INDIA AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29.CHINA AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
30.JAPAN AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
31.SOUTH KOREA AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
32.REST OF ASIA-PACIFIC AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
33.REST OF THE WORLD AORTIC VALVE REPLACEMENT MARKET SIZE, 2021-2028 ($ MILLION)
