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Prosthetic Heart Valves - Global Market Trajectory & Analytics

  • ID: 1824155
  • Report
  • July 2020
  • Region: Global
  • 126 Pages
  • Global Industry Analysts, Inc
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Global Prosthetic Heart Valves Market to Reach $10.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Prosthetic Heart Valves estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$10.5 Billion by 2027, growing at a CAGR of 8.1% over the analysis period 2020-2027. Transcatheter Heart Valves, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$6.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tissue Heart Valves segment is readjusted to a revised 4.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 13.5% CAGR

The Prosthetic Heart Valves market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2027 trailing a CAGR of 13.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Mechanical Heart Valves Segment to Record -3.4% CAGR

In the global Mechanical Heart Valves segment, USA, Canada, Japan, China and Europe will drive the -3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$708.9 Million in the year 2020 will reach a projected size of US$557.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a -3.4% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 126-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Abbott Laboratories
  • Edwards Lifesciences Corporation
  • JenaValve Technology, Inc.
  • LivaNova PLC
  • Medtronic plc
  • On-X Life Technologies, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

A Prelude

Recent Market Activity

Aortic Stenosis - An Underappreciated yet Growing Condition

Market Overview

Outlook

Analysis by Region

Market Prospects by Type

Major Growth Drivers & Issues

Aging Demographics and Increasing Incidences of Cardiac Diseases

Under-Treated Population

Large Untreated Rheumatic Heart Disease Patient Population

Developing Countries Face Accessibility Issues

Pediatric Heart Valve Disease - Repair vs. Replacement

Noise Emanated by Mechanical Heart Valves May Lead to Insomnia among Recipients

Global Competitor Market Shares

Prosthetic Heart Valves Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Abbott Laboratories (US)

Edwards Lifesciences Corporation (US)

JenaValve Technology, Inc. (US)

LivaNova PLC (UK)

Medtronic plc (Ireland)

On-X Life Technologies, Inc. (US)

3. MARKET TRENDS & DRIVERS

TAVR Providers Focus on Label Expansion to Drive Market

Developed Markets Move towards Bioprosthetic Valves

Artificial Mechanical Heart Valves Come of Age

Biological Valve Options - Better, Yet Need Improvements

Design and Function of Bio-Prosthesis Tissues

Tissue Engineered Aortic Valves - The Future

The Renaissance of Sutureless Valves

Safety Concerns Shifts Focus towards Stentless Valves

Metals Giving Way to Carbon Compounds and Polymers in Mechanical Heart Valves

TAVR - An Introduction

Transcatheter Heart Valve Replacement to Lead Growth

TAVI/TAVR - A Review of Present, Present and Future Prospects

Issues Confronting TAVI’s Potential Indication Expansions

The Two Leading Transcatheter Heart Valves Compared

Newer Valves on the Horizon

Transcatheter Mitral Valve Regurgitation Treatment Faces Hurdles

Artificial Heart Valve with Tissue Repairing Capability

New Heart Valves with Regenerating Properties

Novel Heart Procedure for AS, Vancouver 3M Clinical Pathway

Medtronic CoreValve Evolut TAVR

Smallest Heart Valve in Young Patients

Innovative Cost-Effective, Easily Mass-Produced Plastic Valve to Revolutionize Heart Valve Replacement Technology

Superhydrophobic BMHV Expected to Revolutionize Heart Valve Replacement Technology

Masters Series Mechanical Heart Valve with Hemodynamic Plus (HP) Sewing Cuff for Pediatric Usage

3D CAVD model for Studying Common Heart Ailments

New Research Aims to Cut to the Root of Heart Valve Diseases

Use of Genomics to Discover the Origins of HVD

Effects of Environmental Factors on Mutation and CHD

Xeltis Develops Innovative Heart Valve for Children with Heart Valve Defects

MitraClip

Tricuspid Valve Repair

Transcatheter Mitral Valve Replacement

Percutaneous Pulmonary Valve Implant

Holographic Imaging of Heart

Inspiris Resilia Valve

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Prosthetic Heart Valves Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Prosthetic Heart Valves Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Transcatheter Heart Valves (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 4: Transcatheter Heart Valves (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Tissue Heart Valves (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 6: Tissue Heart Valves (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Mechanical Heart Valves (Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Mechanical Heart Valves (Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Prosthetic Heart Valves Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 9: United States Prosthetic Heart Valves Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 10: United States Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

CANADA

TABLE 11: Canadian Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 12: Prosthetic Heart Valves Market in Canada: Percentage Share Breakdown of Sales by Type for 2020 and 2027

JAPAN

TABLE 13: Japanese Market for Prosthetic Heart Valves: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 14: Japanese Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

CHINA

TABLE 15: Chinese Prosthetic Heart Valves Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 16: Chinese Prosthetic Heart Valves Market by Type: Percentage Breakdown of Sales for 2020 and 2027

EUROPE

Market Facts & Figures

European Prosthetic Heart Valves Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 17: European Prosthetic Heart Valves Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 18: European Prosthetic Heart Valves Market Share Shift by Region/Country: 2020 VS 2027
TABLE 19: European Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 20: European Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

FRANCE

TABLE 21: Prosthetic Heart Valves Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 22: French Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

GERMANY

TABLE 23: Prosthetic Heart Valves Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 24: German Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

ITALY

TABLE 25: Italian Prosthetic Heart Valves Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 26: Italian Prosthetic Heart Valves Market by Type: Percentage Breakdown of Sales for 2020 and 2027

UNITED KINGDOM

TABLE 27: United Kingdom Market for Prosthetic Heart Valves: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 28: United Kingdom Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

SPAIN

TABLE 29: Spanish Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 30: Prosthetic Heart Valves Market in Spain: Percentage Share Breakdown of Sales by Type for 2020 and 2027

RUSSIA

TABLE 31: Russian Prosthetic Heart Valves Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 32: Russian Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

REST OF EUROPE

TABLE 33: Rest of Europe Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 34: Rest of Europe Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

ASIA-PACIFIC

TABLE 35: Asia-Pacific Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 36: Asia-Pacific Prosthetic Heart Valves Market Share Analysis by Region/Country: 2020 VS 2027
TABLE 37: Prosthetic Heart Valves Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 38: Asia-Pacific Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

AUSTRALIA

TABLE 39: Prosthetic Heart Valves Market in Australia: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 40: Australian Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

INDIA

TABLE 41: Indian Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 42: Prosthetic Heart Valves Market in India: Percentage Share Breakdown of Sales by Type for 2020 and 2027

SOUTH KOREA

TABLE 43: Prosthetic Heart Valves Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 44: Prosthetic Heart Valves Market Share Distribution in South Korea by Type: 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 45: Rest of Asia-Pacific Market for Prosthetic Heart Valves: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 46: Rest of Asia-Pacific Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

LATIN AMERICA

TABLE 47: Latin American Prosthetic Heart Valves Market Trends by Region/Country in US$ Thousand: 2020-2027
TABLE 48: Latin American Prosthetic Heart Valves Market Percentage Breakdown of Sales by Region/Country: 2020 and 2027
TABLE 49: Latin American Prosthetic Heart Valves Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 50: Latin American Prosthetic Heart Valves Market by Type: Percentage Breakdown of Sales for 2020 and 2027

ARGENTINA

TABLE 51: Argentinean Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 52: Argentinean Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

BRAZIL

TABLE 53: Prosthetic Heart Valves Market in Brazil by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 54: Brazilian Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

MEXICO

TABLE 55: Prosthetic Heart Valves Market in Mexico: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 56: Mexican Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

REST OF LATIN AMERICA

TABLE 57: Rest of Latin America Prosthetic Heart Valves Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 58: Rest of Latin America Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

MIDDLE EAST

TABLE 59: The Middle East Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025
TABLE 60: The Middle East Prosthetic Heart Valves Market Share Breakdown by Region/Country: 2020 and 2027
TABLE 61: The Middle East Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 62: Prosthetic Heart Valves Market in the Middle East: Percentage Share Breakdown of Sales by Type for 2020 and 2027

IRAN

TABLE 63: Iranian Market for Prosthetic Heart Valves: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 64: Iranian Prosthetic Heart Valves Market Share Analysis by Type: 2020 VS 2027

ISRAEL

TABLE 65: Israeli Prosthetic Heart Valves Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 66: Israeli Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

SAUDI ARABIA

TABLE 67: Saudi Arabian Prosthetic Heart Valves Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 68: Saudi Arabian Prosthetic Heart Valves Market by Type: Percentage Breakdown of Sales for 2020 and 2027

UNITED ARAB EMIRATES

TABLE 69: Prosthetic Heart Valves Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 70: Prosthetic Heart Valves Market Share Distribution in United Arab Emirates by Type: 2020 VS 2027

REST OF MIDDLE EAST

TABLE 71: Prosthetic Heart Valves Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 72: Rest of Middle East Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

AFRICA

TABLE 73: African Prosthetic Heart Valves Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 74: African Prosthetic Heart Valves Market Share Breakdown by Type: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 22

Note: Product cover images may vary from those shown
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