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North America Bovine Pericardial Valve Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Valve Type; Alloy; End User, and Country

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    Report

  • 119 Pages
  • August 2020
  • Region: North America
  • The Insight Partners
  • ID: 5147206
The North America bovine pericardial valve market is expected to reach US$ 1,721.15 million by 2027 from US$ 798.81 million in 2019. The market is estimated to grow at a CAGR of 10.2% during 2020–2027.

The bovine pericardial valve market is growing primarily due to the increasing incidence of cardiovascular diseases (CVD) and congenital heart diseases (CHD) and advantages of tissue-based heart valves over mechanical valves in the North America region. Factors such as limitations associated with the tissue-based valves damage the growth of the market. Additionally, developing healthcare industry and growing reimbursement of the cardiac valve are likely to fuel the growth of the bovine pericardial valve market during the forecast period.

A bovine pericardial valve is also known as a bioprosthetic valve, and it is used for applications such as bio-prosthetic heart valves, dural closure, bone and dental membranes, and surgical buttressing. A bovine pericardial valve is made from collagen and other metallic material or alloy, which provides strength and elasticity.

Improvements in the surgical techniques coupled with quality of implantable valves have led to substantial growth in the volume of valve replacement procedures performed. The rising prevalence of these surgeries helps to save more lives and subsequently provide better quality of health and life to the patients suffering from congenital heart diseases (CHDs). The Centers of Medicare and Medicaid (CMS) are active towards offering medical coverage for transcatheter aortic valve replacement (TAVR) surgeries for the treatment of symptomatic aortic valve stenosis, meeting all the conditions outlined in the National Coverage Determination (NCD). Thus, the increasing reimbursement for these procedures is likely to increase their volumes and be a prevalent trend in the market during the forecast period.

Also, there has been a significant increase in the healthcare expenditure during the previous years. As per World Bank, healthcare expenditure accounts for 9.94% of global GDP. In the US, 17.1% of its GDP is committed to the industry, whereas in Latin America, healthcare expenditures account for only 7.24%, with Mexico at 6.3%. Thus, the increasing focus toward advancement of healthcare is expected to compliment and create growth opportunities for bovine pericardial valve market during the forecast period.

In the United States, the COVID-19 pandemic is giving increased risk to patients underlying cardiac involvement among pediatric as well as adult age groups. Importantly, the pandemic has stretched health care systems and various other team members are at risk for contracting and possibly transmitting the disease, which may further impact the care of patients with cardiovascular disease. However, the increasing risk of transmission of COVID-19 has led to temporary halt of non-emergency medical situations leading to a negative impact on the growth of bovine pericardial valve market.

In 2019, the aortic segment held the largest share of the market and is expected to grow at the fastest CAGR during the forecast period. This segment is likely to witness a lucrative growth owing to increasing development in transcatheter aortic valve implantation procedures leading to progressively large number of patients undergoing the surgery. Moreover, these surgical procedures are now been reimbursed by the Centers of Medicare and Medicaid (CMS) that contributes as another factor for the growth of the segment.

A few of the significant secondary sources associated with the North America bovine pericardial valve market report World Health Organization (WHO), Centers of Disease Control and Prevention (CDC), Texas Heart Institute (THI), US Census Data, World Bank, and others.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 North America Bovine Pericardial Valve Market - By Valve Type
1.3.2 North America Bovine Pericardial Valve Market - By Alloy
1.3.3 North America Bovine Pericardial Valve Market- By End User
1.3.4 North America Bovine Pericardial Valve Market - By Country
2. North America Bovine Pericardial Valve Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Bovine Pericardial Valve Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Bovine Pericardial Valve Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Bovine Pericardial Valve Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Incidence of Cardiovascular Diseases (CVD) and Congenital Heart Diseases (CHD)
5.1.2 Advantages of Tissue Valves over Mechanical Valves
5.2 Key Market Restraints
5.2.1 Limitations Associated with Tissue Based Valves
5.3 Key Market Opportunities
5.3.1 Developing Healthcare Industry
5.4 Future Trends
5.4.1 Growing Reimbursement for Cardiac Valve Surgery
5.5 Impact Analysis
6. Bovine Pericardial Valve Market - North America Analysis
6.1 North America Bovine Pericardial Valve Market Revenue Forecasts and Analysis
7. North America Bovine Pericardial Valve Market Analysis and Forecasts To 2027 - By Valve Type
7.1 Overview
7.2 North America Bovine Pericardial Valve Market, By Valve Type 2019 & 2027 (%)
7.2.1 North America Bovine Pericardial Valve Market Revenue and Forecasts to 2027, By Valve Type (US$ Mn)
7.3 Aortic
7.3.1 Overview
7.3.2 North America Aortic Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Mitral
7.4.1 Overview
7.4.1.1 North America Mitral Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 North America Others Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Bovine Pericardial Valve Market Analysis and Forecasts To 2027 - By Alloy
8.1 Overview
8.2 North America Bovine Pericardial Valve Market, By Alloy 2019 & 2027 (%)
8.2.1 North America Bovine Pericardial Valve Market Revenue and Forecasts to 2027, By Alloy (US$ Mn)
8.3 Cobalt-Chrome
8.3.1 Overview
8.3.2 North America Cobalt-Chrome Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Titanium
8.4.1 Overview
8.4.2 North America Titanium Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Nickel-Molybdenum
8.5.1 Overview
8.5.2 North America Nickel-Molybdenum Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Bovine Pericardial Valve Market Analysis - By End-User
9.1 Overview
9.2 North America Bovine Pericardial Valve Market, By End-User 2019-2027 (%)
9.2.1 North America Bovine Pericardial Valve Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Cardiac Centres
9.4.1 Overview
9.4.2 North America Cardiac Centres Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Ambulatory Surgical Centers
9.5.1 Overview
9.5.2 North America Ambulatory Surgical Centers Market Revenue and Forecasts to 2027 (US$ Mn)
10. Bovine Pericardial Valve Market Revenue and Forecasts To 2027 - Geographical Analysis
10.1 North America Bovine pericardial valve Market Revenue and Forecasts To 2027
10.1.1 Overview
10.1.2 North America: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Bovine Pericardial Valve Market, by Valve Type, 2018-2027 (USD Million)
10.1.4 North America: Bovine Pericardial Valve Market, by Alloy, 2018-2027 (USD Million)
10.1.5 North America: Bovine Pericardial Valve Market, by End-User, 2018-2027 (USD Million)
10.1.6 North America: Bovine Pericardial Valve Market, by Country, 2019& 2027 (%)
10.1.7 US: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Bovine Pericardial Valve Market, by Valve Type, 2018-2027 (USD Million)
10.1.7.3 US: Bovine Pericardial Valve Market, by Alloy, 2018-2027 (USD Million)
10.1.7.4 US: Bovine Pericardial Valve Market, by End-User, 2018-2027 (USD Million)
10.1.8 Canada: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Bovine Pericardial Valve Market, by Valve Type, 2018-2027 (USD Million)
10.1.8.3 Canada: Bovine Pericardial Valve Market, by Alloy, 2018-2027 (USD Million)
10.1.8.4 Canada: Bovine Pericardial Valve Market, by End-User, 2018-2027 (USD Million)
10.1.9 Mexico: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Bovine Pericardial Valve Market - Revenue and Forecast to 2027 (USD Million)
10.1.9.2 Mexico: Bovine Pericardial Valve Market, by Valve Type, 2018-2027 (USD Million)
10.1.9.3 Mexico: Bovine Pericardial Valve Market, by Alloy, 2018-2027 (USD Million)
10.1.9.4 Mexico: Bovine Pericardial Valve Market, by End-User, 2018-2027 (USD Million)
11. Impact of COVID-19 Pandemic on North America Bovine Pericardial Valve Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Abbott
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Boston Scientific Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Edwards Lifesciences Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Medtronic
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 LivaNova PLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 Glossary of Terms
List of Tables
Table 1. North America Bovine Pericardial Valve Market Revenue and Forecasts To 2027, By Valve Type (US$ Mn)
Table 2. North America Bovine Pericardial Valve Market Revenue and Forecasts To 2027, By Alloy (US$ Mn)
Table 3. North America Bovine Pericardial Valve Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 4. North America Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 5. North America Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 6. North America Bovine Pericardial Valve Market, by End-User– Revenue and Forecast to 2027 (USD Million)
Table 7. US Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 8. US Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 9. US Bovine Pericardial Valve Market, by End-User– Revenue and Forecast to 2027 (USD Million)
Table 10. Canada Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 12. Canada Bovine Pericardial Valve Market, by End-User– Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico Bovine Pericardial Valve Market, by Valve Type – Revenue and Forecast to 2027 (USD Million)
Table 14. Mexico Bovine Pericardial Valve Market, by Alloy – Revenue and Forecast to 2027 (USD Million)
Table 15. Mexico Bovine Pericardial Valve Market, by End-User– Revenue and Forecast to 2027 (USD Million)
Table 16. Glossary of Terms, Bovine Pericardial Valve Market
List of Figures
Figure 1. Bovine Pericardial Valve Market Segmentation
Figure 2. North America Bovine Pericardial Valve Market Overview
Figure 3. Aortic Segment Held Largest Share of Bovine Pericardial Valve Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. North America Bovine Pericardial Valve Market - Leading Country Markets (US$ Mn)
Figure 6. Bovine Pericardial Valve Market - North America PEST Analysis
Figure 7. Bovine Pericardial Valve Market Impact Analysis of Driver and Restraints
Figure 8. North America Bovine Pericardial Valve Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 9. North America Bovine Pericardial Valve Market, By Valve Type 2019 & 2027 (%)
Figure 10. North America Aortic Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Mitral Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Bovine Pericardial Valve Market, By Alloy 2019 & 2027 (%)
Figure 14. North America Cobalt-Chrome Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Titanium Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Nickel-Molybdenum Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Bovine Pericardial Valve Market, by End-User 2019 & 2027 (%)
Figure 19. North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Cardiac Centres Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America Ambulatory Surgical Centers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America: Bovine Pericardial Valve Market, by Key Country – Revenue (2019) (USD Million)
Figure 23. North America Bovine Pericardial Valve Market Revenue and Forecast to 2027 (USD Million)
Figure 24. North America: Bovine Pericardial Valve Market, by Country, 2019 & 2027 (%)
Figure 25. US: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. Canada: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. Mexico: Bovine Pericardial Valve Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. Impact of COVID-19 Pandemic in North American Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abbott
  • Boston Scientific Corporation
  • Edwards Lifesciences Corporation
  • Medtronic
  • LivaNova PLC