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Heart Valve Repair and Replacement Market is valued at USD 6017.58 Million in 2018 and expected to reach USD 12104.80 Million by 2025 with the CAGR of 10.5% over the forecast period.
Increasing cardiovascular diseases, improved patient outcomes, advantages of minimally invasive techniques over traditional surgeries, growing awareness about the risks of coronary diseases are the major key drivers for the growth of the global heart valve repair and replacement market.
Scope of Heart Valve Repair and Replacement Market-
Heart valve repair is an innovative technique which is used in surgeries to fix defects in heart valves and provide an alternate solution to valve replacement procedure in valvular heart diseases. Basically, there are four types of indication such as Aortic stenosis, Aortic regurgitation, Mitral stenosis and Mitral regurgitation that may require valve replacement. Nowadays, less invasive techniques have been developed to replace or repair heart valves such as mechanical heart valve, tissue heart valve and transcatheter heart valve. The rapid adoption of different surgical procedures in order to treat a condition heart condition, rising awareness regarding the new treatments available in the market are some crucial factors impacting strong growth of the Heart Valve Repair and Replacement Market.
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Key Players Heart Valve Repair and Replacement Market Reports-
Heart valve repair and replacement market report covers prominent players like Boston Scientific, CryoLife, Inc., Micro Interventional Devices, JenaValve Technology, AutoTissue GmbH, Medtronic, St. Jude Medical, and Sorin Group, Abbott Laboratories, Accellent Inc., AorTech International, Arbor Surgical Technologies, Inc., Colibri Heart Valve, LLC, Inc., MiCardia Corporation, On-X Life Technologies, Inc., Edwards Life sciences, Admedes Schuessler GmbH, Neovasc, Inc., Leman Cardiovascular Sa,and Others.
Heart valve repair and replacement market report is segmented on the basis of type of procedure, type of replacement, disease indication, end-users and by regional & country level. Based on type of procedure, global heart valve repair and replacement market is segmented into heart valve repair and heart valve replacement. Based upon type of replacement, global heart valve repair and replacement market is segmented into mechanical heart valve, tissue heart valve and transcatheter heart valve. Based upon disease indication, global heart valve repair and replacement market is segmented into aortic stenosis, aortic regurgitation, mitral stenosis, mitral regurgitation. Based upon end user, global heart valve repair and replacement market is segmented into hospital, ambulatory surgical center and cardiac catheterization laboratories.
The regions covered in this heart valve repair and replacement market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of heart valve repair and replacement is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Heart Valve Repair and Replacement Market Segmentations
By Type of Procedure:- Heart Valve Repair, Heart Valve Replacement
By Type of Replacement:- Mechanical Heart Valve, Tissue Heart Valve, Transcatheter Heart Valve
By End User:- Hospital, Ambulatory surgical center, Cardiac catheterization laboratories
Heart Valve Repair and Replacement Market Dynamics –
Increasing cardiovascular diseases, improved patient outcomes, advantages of minimally invasive techniques over traditional surgeries, growing awareness about the risks of coronary diseases are the major key drivers for the growth of the global heart valve repair and replacement market. According to Centers for Disease Control and Prevention (CDC), in 2017, coronary heart disease is the most common type of heart disease, died 365,914 peoples. Moreover, the geriatric population is more liable to different chronic diseases like cardiovascular diseases will increase growth of heart valve repair and replacement market in forecast period. According to American Heart Association, Cardiovascular disease is the leading cause of death globally, accounting for more than 17.6 million deaths per year in 2016, a number that is projected to grow to more than 23.6 million by 2030. Moreover, the increasing initiatives by the government such as reimbursement policies and Improvement of Healthcare Infrastructure across the globe are majorly responsible for the continuous growth of the global heart valve repair and replacement market. However, high cost of devices and surgeries, complex regulatory procedures are the major restrains of the global heart valve repair and replacement market. According to American Heart Association, total direct medical costs of CVD are projected to increase to $749 billion in 2035, Moreover, technological advancements and rising awareness regarding the new treatments available in the market, may generate new opportunities in forecast period.
Heart Valve Repair and Replacement Market Regional Analysis –
North America is expected to dominate the heart valve repair and replacement market with highest market share due to increasing prevalence of cardiovascular diseases, rising geriatric population and changing lifestyles. According to the American Heart Association, Coronary heart condition is that the leading cause (45.1 %) of deaths due to disorder within the US for the year 2017. Coronary heart disease accounts for 1 in 7 deaths in the US, died over 360,000 people annually. About 2,200 Americans die of disorder every day, a mean of 1 death every 40 seconds. According to population reference bureau, the number of Americans ages from 65 and older is expected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of the total population will increase from 16% to 23%.
Asia Pacific heart valve repair and replacement market has witnessed strong growth due large population rate, growing prevalence of cardiac diseases, rising adoption of advanced technologies, increasing healthcare expenditure, growing awareness of healthcare in the emerging countries, such as India and China. In the Asia-Pacific region, many countries are attaining economic development and as this region undergoes a transition to a Western lifestyle, living more sedentary lives and consuming foods with higher energy and fat, cardiovascular disease is increasing, growing aging population. According to American Heart Association, in 2016, among NH Asians, CVD caused the deaths of 11,023 males and 10,672 females. According to Organisation for Economic Co-operation and Development(OECD), In high income Asia-Pacific countries, the share of population aged over 65 years is expected to double to reach and on average 27.6% in 2050, whereas the share of population aged over 80 years is expected to triple between 2015-2050 to reach 10.2%. Moreover, initiatives from the government such as imposing a price capping are helping in expanding the market’s growth scenarios in this region. These factors will helps the heart valve repair and replacement market within the Asia Pacific to emerge because the fastest growing region.
Table of Content
1 Study Coverage
1.1 Heart Valve Repair and Replacement Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Heart Valve Repair and Replacement Market Size
2.1.1 Global Heart Valve Repair and Replacement Revenue 2014-2025
2.1.2 Global Heart Valve Repair and Replacement Production 2014-2025
2.2 Heart Valve Repair and Replacement Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Heart Valve Repair and Replacement Manufacturers
2.3.2.1 Heart Valve Repair and Replacement Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Heart Valve Repair and Replacement Product Offered
2.3.2.3 Date of Manufacturers Enter into Heart Valve Repair and Replacement Market
2.4 Key Trends for Heart Valve Repair and Replacement Markets & Products
3 Market Size by Manufacturers
4 Market Size by Type
5 Market Size by Application
Full Research Report @ https://industrystatsreport.com/Lifesciences-and-Healthcare/Heart-Valve-Repair-and-Replacement-Market-Top-Manufactures/Summary
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