Global Aortic Valve Replacement Devices Market Report and Forecast 2023-2028
December 6, 2022
Expert Market Research
122
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Global Aortic Valve Replacement Devices Market Report and Forecast 2023-2028
Abstract Global Aortic Valve Replacement Devices Market Report and Forecast 2023-2028
Market Outlook According to the report by Expert Market Research (EMR), the global aortic valve replacement devices market is projected to grow at a CAGR of 6.8 % between 2023 and 2028. The market growth is being aided by the growing prevalence of valvular conditions, including aortic regurgitation and aortic stenosis.
In aortic valve replacement procedures, an artificial heart valve is used to replace the patient's failing aortic valve using aortic valve replacement devices. Aortic valve replacements are commonly needed in patients with valvular conditions, such as aortic regurgitation or aortic stenosis. A prosthetic or artificial valve may be used, and it may be made of synthetic materials or tissues from animals. An aortic valve replacement can help promote cardiac muscle function, reduce symptoms, and restore normal blood flow.
The rising frequency of valvular conditions is one of the major factors driving the aortic valve replacement devices market expansion. The market is also being supported by the numerous measures being taken by governments of various nations to treat valvular disorders. The expansion of the market is also significantly impacted by the increasing elderly population. The preferred procedure for extending and enhancing the quality of life for people with valvular disorders is surgical and transcatheter aortic valve replacement (TAVR). These therapeutic approaches enhance patient results and are growing in popularity.
It is anticipated that favourable reimbursement scenarios in various countries and advancements in aortic valve replacement surgery will likely favour the market growth during the forecast period. The introduction of government initiatives to assist the populace by reimbursing a portion of their medical expenses is projected to have a significant positive impact on aortic valve replacement devices market growth throughout the course of the forecast year. With availability of financial support, more patients are likely to proceed with aortic valve replacements.
Based on end use, hospitals make up a significant portion of the market for aortic valve replacement devices. The vast number of patients admitted to hospitals is the primary element sustaining the segment's dominance. This category is projected to grow quickly throughout the projection period due to the fact that hospitals are often the primary source of healthcare in developing nations. As hospitals step up their efforts to offer the public the most modern procedures and services, the market for aortic valve replacement devices is anticipated to grow over the coming few years.
Market Segmentation The market can be divided on the basis of surgery type, product type, end use, and region. Market Breakup by Surgery Type •Open Surgery •Minimally Invasive Surgery Market Breakup by Product Type •Transcatheter Aortic Valve •Sutureless Aortic Valve Replacement (SUAVR) Market Segmentation by End Use •Hospital •Ambulatory Surgical Centres •Others Market Breakup by Region •North America •Europe •Asia Pacific •Latin America •Middle East and Africa
Competitive Landscape The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global aortic valve replacement devices market companies. Some of the major key players explored in the report by Expert Market Research are as follows: •Boston Scientific Corporation •LivaNova PLC •Edwards Lifesciences Corporation •Medtronic PLC •CryoLife, Inc. •Others
Content Table of Contents
1 Preface 2 Report Coverage – Key Segmentation and Scope 3 Report Description 3.1 Market Definition and Outlook 3.2 Properties and Applications 3.3 Market Analysis 3.4 Key Players 4 Key Assumptions 5 Executive Summary 5.1 Overview 5.2 Key Drivers 5.3 Key Developments 5.4 Competitive Structure 5.5 Key Industrial Trends 6 Snapshot 6.1 Global 6.2 Regional 7 Opportunities and Challenges in the Market 8 Global Aortic Valve Replacement Devices Market Analysis 8.1 Key Industry Highlights 8.2 Global Aortic Valve Replacement Devices Historical Market (2018-2022) 8.3 Global Aortic Valve Replacement Devices Market Forecast (2023-2028) 8.4 Global Aortic Valve Replacement Devices Market by Surgery Type 8.4.1 Open Surgery 8.4.1.1 Market Share 8.4.1.2 Historical Trend (2018-2022) 8.4.1.3 Forecast Trend (2023-2028) 8.4.2 Minimally Invasive Surgery 8.4.2.1 Market Share 8.4.2.2 Historical Trend (2018-2022) 8.4.2.3 Forecast Trend (2023-2028) 8.5 Global Aortic Valve Replacement Devices Market by Product Type 8.5.1 Transcatheter Aortic Valve 8.5.1.1 Market Share 8.5.1.2 Historical Trend (2018-2022) 8.5.1.3 Forecast Trend (2023-2028) 8.5.2 Sutureless Aortic Valve Replacement (SUAVR) 8.5.2.1 Market Share 8.5.2.2 Historical Trend (2018-2022) 8.5.2.3 Forecast Trend (2023-2028) 8.6 Global Aortic Valve Replacement Devices Market by End Use 8.6.1 Hospital 8.6.1.1 Market Share 8.6.1.2 Historical Trend (2018-2022) 8.6.1.3 Forecast Trend (2023-2028) 8.6.2 Ambulatory Surgical Centres 8.6.2.1 Market Share 8.6.2.2 Historical Trend (2018-2022) 8.6.2.3 Forecast Trend (2023-2028) 8.6.3 Others 8.7 Global Aortic Valve Replacement Devices Market by Region 8.7.1 North America 8.7.1.1 Market Share 8.7.1.2 Historical Trend (2018-2022) 8.7.1.3 Forecast Trend (2023-2028) 8.7.2 Europe 8.7.2.1 Market Share 8.7.2.2 Historical Trend (2018-2022) 8.7.2.3 Forecast Trend (2023-2028) 8.7.3 Asia Pacific 8.7.3.1 Market Share 8.7.3.2 Historical Trend (2018-2022) 8.7.3.3 Forecast Trend (2023-2028) 8.7.4 Latin America 8.7.4.1 Market Share 8.7.4.2 Historical Trend (2018-2022) 8.7.4.3 Forecast Trend (2023-2028) 8.7.5 Middle East and Africa 8.7.5.1 Market Share 8.7.5.2 Historical Trend (2018-2022) 8.7.5.3 Forecast Trend (2023-2028) 9 North America Aortic Valve Replacement Devices Market Analysis 9.1 United States of America 9.1.1 Market Share 9.1.2 Historical Trend (2018-2022) 9.1.3 Forecast Trend (2023-2028) 9.2 Canada 9.2.1 Market Share 9.2.2 Historical Trend (2018-2022) 9.2.3 Forecast Trend (2023-2028) 10 Europe Aortic Valve Replacement Devices Market Analysis 10.1 United Kingdom 10.1.1 Market Share 10.1.2 Historical Trend (2018-2022) 10.1.3 Forecast Trend (2023-2028) 10.2 Germany 10.2.1 Market Share 10.2.2 Historical Trend (2018-2022) 10.2.3 Forecast Trend (2023-2028) 10.3 France 10.3.1 Market Share 10.3.2 Historical Trend (2018-2022) 10.3.3 Forecast Trend (2023-2028) 10.4 Italy 10.4.1 Market Share 10.4.2 Historical Trend (2018-2022) 10.4.3 Forecast Trend (2023-2028) 10.5 Others 11 Asia Pacific Aortic Valve Replacement Devices Market Analysis 11.1 China 11.1.1 Market Share 11.1.2 Historical Trend (2018-2022) 11.1.3 Forecast Trend (2023-2028) 11.2 Japan 11.2.1 Market Share 11.2.2 Historical Trend (2018-2022) 11.2.3 Forecast Trend (2023-2028) 11.3 India 11.3.1 Market Share 11.3.2 Historical Trend (2018-2022) 11.3.3 Forecast Trend (2023-2028) 11.4 ASEAN 11.4.1 Market Share 11.4.2 Historical Trend (2018-2022) 11.4.3 Forecast Trend (2023-2028) 11.5 Australia 11.5.1 Market Share 11.5.2 Historical Trend (2018-2022) 11.5.3 Forecast Trend (2023-2028) 11.6 Others 12 Latin America Aortic Valve Replacement Devices Market Analysis 12.1 Brazil 12.1.1 Market Share 12.1.2 Historical Trend (2018-2022) 12.1.3 Forecast Trend (2023-2028) 12.2 Argentina 12.2.1 Market Share 12.2.2 Historical Trend (2018-2022) 12.2.3 Forecast Trend (2023-2028) 12.3 Mexico 12.3.1 Market Share 12.3.2 Historical Trend (2018-2022) 12.3.3 Forecast Trend (2023-2028) 12.4 Others 13 Middle East and Africa Aortic Valve Replacement Devices Market Analysis 13.1 Saudi Arabia 13.1.1 Market Share 13.1.2 Historical Trend (2018-2022) 13.1.3 Forecast Trend (2023-2028) 13.2 United Arab Emirates 13.2.1 Market Share 13.2.2 Historical Trend (2018-2022) 13.2.3 Forecast Trend (2023-2028) 13.3 Nigeria 13.3.1 Market Share 13.3.2 Historical Trend (2018-2022) 13.3.3 Forecast Trend (2023-2028) 13.4 South Africa 13.4.1 Market Share 13.4.2 Historical Trend (2018-2022) 13.4.3 Forecast Trend (2023-2028) 13.5 Others 14 Market Dynamics 14.1 SWOT Analysis 14.1.1 Strengths 14.1.2 Weaknesses 14.1.3 Opportunities 14.1.4 Threats 14.2 Porter’s Five Forces Analysis 14.2.1 Supplier’s Power 14.2.2 Buyer’s Power 14.2.3 Threat of New Entrants 14.2.4 Degree of Rivalry 14.2.5 Threat of Substitutes 14.3 Key Indicators for Demand 14.4 Key Indicators for Price 15 Value Chain Analysis 16 Competitive Landscape 16.1 Market Structure 16.2 Company Profiles 16.2.1 Boston Scientific Corporation 16.2.1.1 Company Overview 16.2.1.2 Product Portfolio 16.2.1.3 Demographic Reach and Achievements 16.2.1.4 Certifications 16.2.2 LivaNova PLC 16.2.2.1 Company Overview 16.2.2.2 Product Portfolio 16.2.2.3 Demographic Reach and Achievements 16.2.2.4 Certification 16.2.3 Edwards Lifesciences Corporation 16.2.3.1 Company Overview 16.2.3.2 Product Portfolio 16.2.3.3 Demographic Reach and Achievements 16.2.3.4 Certifications 16.2.4 Medtronic PLC 16.2.4.1 Company Overview 16.2.4.2 Product Portfolio 16.2.4.3 Demographic Reach and Achievements 16.2.4.4 Certifications 16.2.5 CryoLife, Inc. 16.2.5.1 Company Overview 16.2.5.2 Product Portfolio 16.2.5.3 Demographic Reach and Achievements 16.2.5.4 Certifications 16.2.6 Others 17 Key Trends and Developments in the Market
Global Aortic Valve Replacement Devices Market Report and Forecast 2023-2028
Market Outlook According to the report by Expert Market Research (EMR), the global aortic valve replacement devices market is projected to grow at a CAGR of 6.8 % between 2023 and 2028. The market growth is being aided by the growing prevalence of valvular conditions, including aortic regurgitation and aortic stenosis.
In aortic valve replacement procedures, an artificial heart valve is used to replace the patient's failing aortic valve using aortic valve replacement devices. Aortic valve replacements are commonly needed in patients with valvular conditions, such as aortic regurgitation or aortic stenosis. A prosthetic or artificial valve may be used, and it may be made of synthetic materials or tissues from animals. An aortic valve replacement can help promote cardiac muscle function, reduce symptoms, and restore normal blood flow.
The rising frequency of valvular conditions is one of the major factors driving the aortic valve replacement devices market expansion. The market is also being supported by the numerous measures being taken by governments of various nations to treat valvular disorders. The expansion of the market is also significantly impacted by the increasing elderly population. The preferred procedure for extending and enhancing the quality of life for people with valvular disorders is surgical and transcatheter aortic valve replacement (TAVR). These therapeutic approaches enhance patient results and are growing in popularity.
It is anticipated that favourable reimbursement scenarios in various countries and advancements in aortic valve replacement surgery will likely favour the market growth during the forecast period. The introduction of government initiatives to assist the populace by reimbursing a portion of their medical expenses is projected to have a significant positive impact on aortic valve replacement devices market growth throughout the course of the forecast year. With availability of financial support, more patients are likely to proceed with aortic valve replacements.
Based on end use, hospitals make up a significant portion of the market for aortic valve replacement devices. The vast number of patients admitted to hospitals is the primary element sustaining the segment's dominance. This category is projected to grow quickly throughout the projection period due to the fact that hospitals are often the primary source of healthcare in developing nations. As hospitals step up their efforts to offer the public the most modern procedures and services, the market for aortic valve replacement devices is anticipated to grow over the coming few years.
Market Segmentation The market can be divided on the basis of surgery type, product type, end use, and region. Market Breakup by Surgery Type •Open Surgery •Minimally Invasive Surgery Market Breakup by Product Type •Transcatheter Aortic Valve •Sutureless Aortic Valve Replacement (SUAVR) Market Segmentation by End Use •Hospital •Ambulatory Surgical Centres •Others Market Breakup by Region •North America •Europe •Asia Pacific •Latin America •Middle East and Africa
Competitive Landscape The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global aortic valve replacement devices market companies. Some of the major key players explored in the report by Expert Market Research are as follows: •Boston Scientific Corporation •LivaNova PLC •Edwards Lifesciences Corporation •Medtronic PLC •CryoLife, Inc. •Others
Table of Contents
1 Preface 2 Report Coverage – Key Segmentation and Scope 3 Report Description 3.1 Market Definition and Outlook 3.2 Properties and Applications 3.3 Market Analysis 3.4 Key Players 4 Key Assumptions 5 Executive Summary 5.1 Overview 5.2 Key Drivers 5.3 Key Developments 5.4 Competitive Structure 5.5 Key Industrial Trends 6 Snapshot 6.1 Global 6.2 Regional 7 Opportunities and Challenges in the Market 8 Global Aortic Valve Replacement Devices Market Analysis 8.1 Key Industry Highlights 8.2 Global Aortic Valve Replacement Devices Historical Market (2018-2022) 8.3 Global Aortic Valve Replacement Devices Market Forecast (2023-2028) 8.4 Global Aortic Valve Replacement Devices Market by Surgery Type 8.4.1 Open Surgery 8.4.1.1 Market Share 8.4.1.2 Historical Trend (2018-2022) 8.4.1.3 Forecast Trend (2023-2028) 8.4.2 Minimally Invasive Surgery 8.4.2.1 Market Share 8.4.2.2 Historical Trend (2018-2022) 8.4.2.3 Forecast Trend (2023-2028) 8.5 Global Aortic Valve Replacement Devices Market by Product Type 8.5.1 Transcatheter Aortic Valve 8.5.1.1 Market Share 8.5.1.2 Historical Trend (2018-2022) 8.5.1.3 Forecast Trend (2023-2028) 8.5.2 Sutureless Aortic Valve Replacement (SUAVR) 8.5.2.1 Market Share 8.5.2.2 Historical Trend (2018-2022) 8.5.2.3 Forecast Trend (2023-2028) 8.6 Global Aortic Valve Replacement Devices Market by End Use 8.6.1 Hospital 8.6.1.1 Market Share 8.6.1.2 Historical Trend (2018-2022) 8.6.1.3 Forecast Trend (2023-2028) 8.6.2 Ambulatory Surgical Centres 8.6.2.1 Market Share 8.6.2.2 Historical Trend (2018-2022) 8.6.2.3 Forecast Trend (2023-2028) 8.6.3 Others 8.7 Global Aortic Valve Replacement Devices Market by Region 8.7.1 North America 8.7.1.1 Market Share 8.7.1.2 Historical Trend (2018-2022) 8.7.1.3 Forecast Trend (2023-2028) 8.7.2 Europe 8.7.2.1 Market Share 8.7.2.2 Historical Trend (2018-2022) 8.7.2.3 Forecast Trend (2023-2028) 8.7.3 Asia Pacific 8.7.3.1 Market Share 8.7.3.2 Historical Trend (2018-2022) 8.7.3.3 Forecast Trend (2023-2028) 8.7.4 Latin America 8.7.4.1 Market Share 8.7.4.2 Historical Trend (2018-2022) 8.7.4.3 Forecast Trend (2023-2028) 8.7.5 Middle East and Africa 8.7.5.1 Market Share 8.7.5.2 Historical Trend (2018-2022) 8.7.5.3 Forecast Trend (2023-2028) 9 North America Aortic Valve Replacement Devices Market Analysis 9.1 United States of America 9.1.1 Market Share 9.1.2 Historical Trend (2018-2022) 9.1.3 Forecast Trend (2023-2028) 9.2 Canada 9.2.1 Market Share 9.2.2 Historical Trend (2018-2022) 9.2.3 Forecast Trend (2023-2028) 10 Europe Aortic Valve Replacement Devices Market Analysis 10.1 United Kingdom 10.1.1 Market Share 10.1.2 Historical Trend (2018-2022) 10.1.3 Forecast Trend (2023-2028) 10.2 Germany 10.2.1 Market Share 10.2.2 Historical Trend (2018-2022) 10.2.3 Forecast Trend (2023-2028) 10.3 France 10.3.1 Market Share 10.3.2 Historical Trend (2018-2022) 10.3.3 Forecast Trend (2023-2028) 10.4 Italy 10.4.1 Market Share 10.4.2 Historical Trend (2018-2022) 10.4.3 Forecast Trend (2023-2028) 10.5 Others 11 Asia Pacific Aortic Valve Replacement Devices Market Analysis 11.1 China 11.1.1 Market Share 11.1.2 Historical Trend (2018-2022) 11.1.3 Forecast Trend (2023-2028) 11.2 Japan 11.2.1 Market Share 11.2.2 Historical Trend (2018-2022) 11.2.3 Forecast Trend (2023-2028) 11.3 India 11.3.1 Market Share 11.3.2 Historical Trend (2018-2022) 11.3.3 Forecast Trend (2023-2028) 11.4 ASEAN 11.4.1 Market Share 11.4.2 Historical Trend (2018-2022) 11.4.3 Forecast Trend (2023-2028) 11.5 Australia 11.5.1 Market Share 11.5.2 Historical Trend (2018-2022) 11.5.3 Forecast Trend (2023-2028) 11.6 Others 12 Latin America Aortic Valve Replacement Devices Market Analysis 12.1 Brazil 12.1.1 Market Share 12.1.2 Historical Trend (2018-2022) 12.1.3 Forecast Trend (2023-2028) 12.2 Argentina 12.2.1 Market Share 12.2.2 Historical Trend (2018-2022) 12.2.3 Forecast Trend (2023-2028) 12.3 Mexico 12.3.1 Market Share 12.3.2 Historical Trend (2018-2022) 12.3.3 Forecast Trend (2023-2028) 12.4 Others 13 Middle East and Africa Aortic Valve Replacement Devices Market Analysis 13.1 Saudi Arabia 13.1.1 Market Share 13.1.2 Historical Trend (2018-2022) 13.1.3 Forecast Trend (2023-2028) 13.2 United Arab Emirates 13.2.1 Market Share 13.2.2 Historical Trend (2018-2022) 13.2.3 Forecast Trend (2023-2028) 13.3 Nigeria 13.3.1 Market Share 13.3.2 Historical Trend (2018-2022) 13.3.3 Forecast Trend (2023-2028) 13.4 South Africa 13.4.1 Market Share 13.4.2 Historical Trend (2018-2022) 13.4.3 Forecast Trend (2023-2028) 13.5 Others 14 Market Dynamics 14.1 SWOT Analysis 14.1.1 Strengths 14.1.2 Weaknesses 14.1.3 Opportunities 14.1.4 Threats 14.2 Porter’s Five Forces Analysis 14.2.1 Supplier’s Power 14.2.2 Buyer’s Power 14.2.3 Threat of New Entrants 14.2.4 Degree of Rivalry 14.2.5 Threat of Substitutes 14.3 Key Indicators for Demand 14.4 Key Indicators for Price 15 Value Chain Analysis 16 Competitive Landscape 16.1 Market Structure 16.2 Company Profiles 16.2.1 Boston Scientific Corporation 16.2.1.1 Company Overview 16.2.1.2 Product Portfolio 16.2.1.3 Demographic Reach and Achievements 16.2.1.4 Certifications 16.2.2 LivaNova PLC 16.2.2.1 Company Overview 16.2.2.2 Product Portfolio 16.2.2.3 Demographic Reach and Achievements 16.2.2.4 Certification 16.2.3 Edwards Lifesciences Corporation 16.2.3.1 Company Overview 16.2.3.2 Product Portfolio 16.2.3.3 Demographic Reach and Achievements 16.2.3.4 Certifications 16.2.4 Medtronic PLC 16.2.4.1 Company Overview 16.2.4.2 Product Portfolio 16.2.4.3 Demographic Reach and Achievements 16.2.4.4 Certifications 16.2.5 CryoLife, Inc. 16.2.5.1 Company Overview 16.2.5.2 Product Portfolio 16.2.5.3 Demographic Reach and Achievements 16.2.5.4 Certifications 16.2.6 Others 17 Key Trends and Developments in the Market