Prosthetic Valve Market size was valued at USD 5.1 Billion in 2024 and is forecasted to grow at a CAGR of 9.8% from 2026 to 2033, reaching USD 11.7 Billion by 2033.
The global prosthetic valve market was valued at approximately USD 9.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. This growth is driven by the rising prevalence of heart diseases, technological advancements in valve prosthetics, and an increasing elderly population. The demand for minimally invasive procedures and the growing adoption of transcatheter aortic valve replacement (TAVR) are also contributing to the markets expansion. With a growing focus on improving patient outcomes, the development of durable and patient friendly valve prostheses has significantly boosted market prospects. By 2030, the market is anticipated to reach around USD 20.5 billion.
Regionally, North America accounted for the largest share of the prosthetic valve market in 2022, valued at over USD 4.5 billion. The regions dominance is attributed to advanced healthcare infrastructure, high healthcare spending, and significant research and development investments. Europe followed closely, with a market size exceeding USD 3 billion, driven by a rising geriatric population and an increasing number of valve replacement procedures. The Asia Pacific region, including countries like India and China, is expected to witness the highest CAGR of approximately 10.5% due to improving healthcare systems, rising awareness, and expanding access to advanced medical technologies. The market in Latin America and the Middle East & Africa is also anticipated to grow steadily, fueled by an increasing focus on healthcare modernization and a rising burden of heart related diseases.
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Edwards Lifesciences Corporation (US)
JenaValve Technology
Inc (US)
Medtronic
Inc (US)
On-X Life Technologies
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Prosthetic Valve Market
Mechanical Prosthetic Valves
Biological Prosthetic Valves
Metal
Polymer
Biological Tissue
Aortic Valve
Mitral Valve
Tricuspid Valve
Pulmonary Valve
Heart Valve Replacement
Heart Valve Repair
Hospitals
Ambulatory Surgical Centers
Cardiac Specialty Clinics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Prosthetic Valve Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Prosthetic Valve Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Prosthetic Valve Market, By Type
6. Global Prosthetic Valve Market, By Application
7. Global Prosthetic Valve Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Prosthetic Valve Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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