Recently Viewed
empty-cart

There are no Recent Items

Close
Login/Register

Close
Single User License Price USD 2750
Single User License Price INR 192500
Corporate User License Price USD 4500
Corporate User License Price INR 315000
Site License Price USD 3500
Site License Price INR 245000
Request a Quote

Report Title

Global Prosthetic Heart Valve Market 2018-2024

Quote Request for License Type
License Type Price  
Single User License USD 2750
Site License USD 3500
Enterprise Wide License USD 4500
"Thanks for submitting the form. Our marketing team will connect back to you for the budget constraint."
Close
REQUEST A CUSTOMIZED RESEARCH

Report Title

Global Prosthetic Heart Valve Market 2018-2024


Quote Request for License Type
License Type Price  
Single User License USD 2750
"Thanks for letting us know your requirement. Our research team will connect back to you for the bespoke requirement."
Close
REQUEST FOR SAMPLE REPORT

Report Title

Global Prosthetic Heart Valve Market 2018-2024

"Thanks for submitting the form. The concerned team will send the sample report in the next 12 hours."
"Thank you for downloading the sample report."
Close

Global Prosthetic Heart Valve Market 2018-2024



Executive Summary

Global Prosthetic Valves Market-Drivers, Restraints, Opportunities, Trends, and Forecasts: 2018-2024

Overview: Prosthetic heart valve, also known as an artificial heart valve, is implanted in the heart of an individual with cardiac vascular disease (valvular heart disease). The prosthetic valve is made of strong material such as carbon or titanium. There are three types of prosthetic heart valves: mechanical heart valve, transcatheter heart valve, and tissue or bio-prosthetic heart valve. The individuals have the choice of selecting prosthesis depending on their health condition and surgeon's recommendation. The heart valve replacement procedure helps to remove the diseased valve and replace with an artificial valve. The recommendation of the prosthetic valve is based on two considerations: high likelihood of failure of tissue prosthesis within a short period of time and high probability of the need for long-term anticoagulation in an individual with severe mitral stenosis due to atrial fibrillation. However, individuals aged below 60 will benefit from the prosthetic mechanical valve and individuals aged above 70 would benefit from a bio-prosthetic valve.

Heart valves are essential for proper flow of the blood in the right direction. If the heart valves do not work properly, blood disruption occurs causing a condition called stenosis. This condition restricts the amount of blood that can flow and lead to various heart conditions such as coronary artery disease, congenital heart defects, degenerative valve disease, rheumatic fever, and bacterial endocarditis (infections).

The market is growing at a faster pace and is expected to proliferate in the emerging countries. Factors such as increasing lifestyle diseases, smoking population, growing aging population, favorable reimbursement, and technological advancements in products are driving the growth of the market. However, lack of awareness about the disease, stringent regulatory approval procedures, and risk associated with the procedure are hampering the growth of the market.

The market is dominated by Abbott Laboratories, Boston Scientific Corp., Medtronic plc, Edwards Lifesciences Corp., and LivoNova, PLC (Sorin Group) with maximum revenue generation in the global prosthetic valves market.

Market Analysis: The global prosthetic valves market is estimated to witness a CAGR of 13.7% during the forecast period 2018-2024. The market is analyzed based on three segments, namely product type, end-users, and regions.

Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). North America is set to be the leading region for the prosthetic valves market growth followed by Europe. Asia Pacific and ROW are set to be the emerging regions. The emerging markets have a high potential to grow due to increase in the patient population and focus on healthcare infrastructure. The market has the lowest penetration in the emerging regions, and most of the vendors are targeting to penetrate in countries such as India, China, Thailand, Vietnam, etc. However, the risk associated with the prosthetic valve, stringent regulations for approval, lack of skilled surgeons, and paucity lack of awareness about advanced diagnostic tools in the developing countries have a significant impact on the overall market growth.

Product Analysis: The transcatheter heart valve market is growing faster and dominates the global prosthetic valve market with more than 62% of the share. The increasing aging population, the rise in the prevalence of CVD, and growing adoption of transcatheter aortic valve replacement procedures (TAVR) are driving the market growth. Multi-modality cardiac imaging tools such as MRI, CT scan, and ultrasound are highly adopted to diagnose various valvular diseases. The advancements in heart valve technologies, i.e., 100% sutureless solution aortic valve replacement by LivaNova (Sorin Group), have revolutionized the valvular replacement procedures. Further, the use of biodegradable and synthetic polymeric scaffolds for exogenous stimulation of tissue growth with extracellular matrix has created tremendous opportunities for tissue engineering.

Key Players: Abbott Laboratories, Boston Scientific Corp., Medtronic plc, Edwards Lifesciences Corp., LivoNova, PLC (Sorin Group), and other predominate & niche players.

Competitive Analysis: The global prosthetic valves market is highly fragmented and has immense growth opportunities for vendors, especially in the developing regions. The market has the presence of many global, regional, and local players with intense competition among themselves to acquire the largest share. Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences, and Medtronic acquire small players to increase their market share. The vendors have a strong focus on acquiring smaller companies and expanding their business operations by leveraging their products portfolio across the globe. The competitive environment in the market will intensify further with an increase in product/service extensions, product innovations, and M&A. They form strategic alliances for the marketing or manufacturing of prosthetic valve devices.

Benefits: The report provides complete details about the usage and adoption rate of prosthetic valves for the treatment of various valvular-related disorders. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player's initiatives, and government initiatives in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Key Stakeholders:

 

Table of Contents

1 Industry Outlook 10

1.1 Industry Overview 10

1.2 Patient demographics 11

1.3 Healthcare Spending in the US 14

1.4 Definition: Prosthetic Valve 14

1.5 Why prosthetic valve? 14

1.6 Selection criteria for prosthetic heart valve 15

1.7 Industry Trends 15

2 Report Outline 16

2.1 Report Scope 16

2.2 Report Summary 17

2.3 Research Methodology 18

2.4 Report Assumptions 18

3 Market Snapshot 19

3.1 Total Addressable Market (TAM) 19

3.2 Segmented Addressable Market (SAM) 21

3.3 Porter 5 (Five) Forces 24

4 Market Dynamics 25

4.1.1 Drivers 26

4.1.1.1 Increasing prevalence of cardiovascular diseases 26

4.1.1.2 Increasing geriatric population 26

4.1.1.1 Increase in healthcare spending 26

4.1.1.2 Increasing number of insurance providers 26

4.1.2 Restraints 27

4.1.2.1 Risk associated with prosthetic valves 27

4.1.2.2 Stringent regulations for approval 27

4.1.2.3 Intense competition among vendors 27

4.1.2.4 Lack of awareness 28

4.1.3 Opportunities 28

4.1.3.1 Technological advancement 28

4.1.3.2 Increase demand or minimally invasive procedures 28

4.1.3.3 Increase in demand for cardiac diagnostic imaging 29

4.1.3.4 5.2.1.2 Increase in the number of outpatient procedures 29

4.1.3.5 Growth opportunities in emerging nations 29

4.1.4 DRO-Impact Analysis 30

4.1.5 Key Stakeholders 31

5 Product Types: Market Size & Analysis 32

5.1 Overview 32

5.2 Transcatheter heart valve 35

5.2.1 Overview 35

5.3 Mechanical Heart Valve 36

5.3.1 Overview 36

5.4 Tissue or Bio-prosthetic heart valve 37

5.4.1 Overview 37

6 End-user: Market Size and Analysis 40

6.1 Overview 40

6.2 Hospitals 40

6.3 Ambulatory Surgical Center 41

6.3.1 ASCs in the Americas 42

6.3.1.1 US 42

6.3.1.2 Canada 42

6.3.1.3 Mexico 42

6.3.2 ASCs in the EMEA Region 42

6.3.2.1 France 42

6.3.2.2 UK 42

6.3.2.3 Israel 42

6.3.2.4 Africa 42

6.3.3 ASCs in the APAC Region 43

6.3.3.1 Australia 43

6.3.3.2 India 43

6.3.3.3 China 43

6.4 Cardiac Centers 43

7 Regions: Market Size & Analysis 45

7.1 Overview 45

7.2 North America 46

7.2.1 Market Overview 46

7.3 Europe 47

7.3.1 Market Overview 47

7.4 APAC 49

7.4.1 Market Overview 49

7.4.2 Japan 50

7.4.3 China 50

7.4.4 India 50

7.5 Rest of the World 51

7.5.1 Market Overview 51

8 Competitive Landscape 55

8.1 Competitor Comparison Analysis 55

9 Vendor Profiles 56

9.1 Abbott Laboratories 56

9.1.1.1 Overview 56

9.1.2 Overview 56

9.1.3 Business Unit 59

9.1.4 Geographic Presence 60

9.1.5 Business Focus 60

9.1.6 SWOT Analysis 61

9.1.7 Business Strategy 61

9.2 Boston Scientific Corp 62

9.2.1 Overview 62

9.2.2 Business Units 64

9.2.3 Geographic Presence 65

9.2.4 Business Focus 66

9.2.5 SWOT Analysis 67

9.2.6 Business Strategy 67

9.3 Medtronic Plc 68

9.3.1 Overview 68

9.3.2 Business Units 75

9.3.3 Geographic Presence 76

9.3.4 Business Focus 77

9.3.5 SWOT Analysis 78

9.3.6 Business Strategies 78

9.4 Edward Lifesciences Corp 79

9.4.1.1 Overview 79

9.4.1.2 Business unit 81

9.4.1.3 Business focus 82

9.4.1.4 SWOT analysis 82

9.4.1.5 Business strategies 84

9.5 LivaNova, PLC (Sorin Group) 85

9.5.1 Overview 85

9.5.2 Business Units 87

9.5.3 Geographic Presence 88

9.5.4 Business Focus 89

9.5.5 SWOT Analysis 89

9.5.6 Business Strategy 89

10 Companies to watch for 90

10.1 Cryolife, Inc. 90

10.1.1 Overview 90

10.1.2 Key Highlights 90

10.1.3 Business Strategies 90

10.2 Lepu Medical Technology Co., Ltd. 91

10.2.1 Overview 91

10.2.2 Key Highlights 91

10.2.3 Business Strategies 91

10.3 Colibri Heart Valve LLC 92

10.3.1 Key Highlights 93

10.3.2 Business Strategies 93

10.4 JenaValve Technology GmbH 94

10.5 TTK Healthcare Ltd. 94

10.5.1 Overview 94

10.6 ValveXchange Inc. 95

10.6.1 Overview 95

Annexure 96

O Acronyms 96

 

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

Charts

 

CHART 1 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION 10

CHART 2 AGEING DEMOGRAPHIC GROWTH 12

CHART 3 US POPULATION DISTRIBUTION BY AGE (US, CENSUS BUREAU, CMS 2015) 13

CHART 4 US HEALTHCARE CONSUMPTION BY AGE (US, CENSUS BUREAU, CMS 2015) 13

CHART 5 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960-2060 (%) 14

CHART 7 RESEARCH METHODOLOGY 18

CHART 8 GLOBAL CARDIOVASCULAR DISEASE MARKET 2017 (USD BILLION) 19

CHART 9 GLOBAL PROSTHETIC VALVE MARKET REVENUE, 2017-2024 (USD MILLION) 21

CHART 10 PORTERS 5 FORCES ON PROSTHETIC VALVES MARKET 24

CHART 11 MARKET DYNAMICS-DRIVERS, RESTRAINTS & OPPORTUNITIES 25

CHART 12 DRO-IMPACT ANALYSIS OF CARDIOVASCULAR DIAGNOSTICS MARKET 30

CHART 13 KEY STAKEHOLDERS OF PROSTHETIC VALVE MARKET 31

CHART 14 GLOBAL PROSTHETIC VALVE MARKET BY TYPE SEGMENTATION, 2017 (% SHARE) 32

CHART 15 GLOBAL PROSTHETIC VALVE MARKET BY TYPE SEGMENTATION, 2024 (% SHARE) 32

CHART 16 GLOBAL PROSTHETIC VALVE MARKET OVERVIEW BY PRODUCT TYPE 2017 33

CHART 17 TRANSCATHETER HEART VALVE SEGMENTATION IN 2017(%) 35

CHART 18 GLOBAL TRANSCATHETER HEART VALVE MARKET BY REVENUE, 2017-2024 (USD MILLION) 36

CHART 19 GLOBAL MECHANICAL HEART VALVE MARKET BY REVENUE, 2017-2024 (USD MILLION) 37

CHART 20 GLOBAL BIO-PROSTHETIC OR TISSUE HEART VALVE MARKET BY REVENUE, 2017-2024 (USD MILLION) 38

CHART 21 GLOBAL PROSTHETIC VALVE MARKET SEGMENTATION BY PRODUCT TYPE, 2017-2024 (USD MILLION) 39

CHART 22 GLOBAL PROSTHETIC VALVE MARKET SEGMENTATION BY PRODUCT TYPE, 2017-2024 (% SHARE) 39

CHART 23 GLOBAL PROSTHETIC VALVE MARKET BY END-USER SEGMENTATION, 2017 (% SHARE) 40

CHART 24 GLOBAL PROSTHETIC VALVES MARKET BY GEOGRAPHICAL SEGMENTATION, 2017-2024 (%) 45

CHART 25 GLOBAL PROSTHETIC VALVES MARKET OVERVIEW BY REGIONS 2017 (USD MILLION) 45

CHART 26 PROSTHETIC VALVES MARKET REVENUE IN NORTH AMERICA, 2017-2024 (USD MILLION) 47

CHART 27 PROSTHETIC VALVES MARKET REVENUE IN THE EUROPE, 2017-2024 (USD MILLION) 48

CHART 28 PROSTHETIC VALVES MARKET REVENUE IN THE APAC, 2017-2024 (USD MILLION) 50

CHART 29 PROSTHETIC VALVES MARKET REVENUE IN THE REST OF THE WORLD, 2017-2024 (USD MILLION) 52

CHART 30 GLOBAL PROSTHETIC VALVES MARKET SEGMENTATION BY GEOGRAPHY, 2017-2024 (USD MILLION) 53

CHART 31 GLOBAL PROSTHETIC VALVES MARKET SEGMENTATION BY GEOGRAPHY, 2017-2024 (%) 54

CHART 32 ABBOTT LABORATORIES.: OVERVIEW SNAPSHOT 58

CHART 33 ABBOTT LABORATORIES.: BUSINESS UNITS 59

CHART 34 ABBOTT LABORATORIES: GEOGRAPHIC PRESENCE 60

CHART 35 ABBOTT LABORATORIES.: SWOT ANALYSIS 61

CHART 36 BOSTON SCIENTIFIC CORP.: OVERVIEW SNAPSHOT 63

CHART 37 BOSTON SCIENTIFIC CORP.: BUSINESS UNITS 64

CHART 38 BOSTON SCIENTIFIC CORP.: GEOGRAPHIC PRESENCE 65

CHART 40 MEDTRONIC PLC: OVERVIEW SNAPSHOT 75

CHART 41 MEDTRONIC PLC: BUSINESS UNITS 75

CHART 42 MEDTRONIC PLC: GEOGRAPHIC PRESENCE 76

CHART 43 MEDTRONIC PLC: SWOT ANALYSIS 78

CHART 44 EDWARD LIFESCIENCES CORP: OVERVIEW SNAPSHOT 80

CHART 45 EDWARD LIFESCIENCES CORP: BUSINES UNITS 81

CHART 46 EDWARD LIFESCIENCES CORP: FINANCES-GEOGRAPHY 81

CHART 47 EDWARD LIFESCIENCES CORP: SWOT ANALYSIS 82

CHART 48 LIVANOVA, PLC: OVERVIEW SNAPSHOT 86

CHART 49 LIVANOVA, PLC: BUSINESS UNITS 87

CHART 50 LIVANOVA, PLC: GEOGRAPHIC PRESENCE 88

CHART 51 LIVANOVA, PLC: SWOT ANALYSIS 89

 

Tables

 

TABLE 1 TOP ACQUISITIONS IN CARDIOVASCULAR INDUSTRY 20

TABLE 2 GLOBAL PROSTHETIC VALVE MARKET BY TYPES, 2017-2024 (USD MILLION) 34

TABLE 3 GLOBAL PROSTHETIC VALVES MARKET BY END-USERS 43

TABLE 4 GLOBAL PROSTHETIC VALVES MARKET REVENUE BY REGIONS FORECAST, 2018-2024 (USD MILLION) 46

TABLE 5 DRO (NORTH AMERICA) 47

TABLE 6 DRO (EUROPE) 48

TABLE 7 DRO (APAC) 51

TABLE 8 DRO (REST OF THE WORLD) 53

TABLE 9 ABBOTT LABORATORIES: PRODUCT OFFERINGS 56

TABLE 10 ABBOTT LABORATORIES: RECENT DEVELOPMENTS 56

TABLE 1 BOSTON SCIENTIFIC CORP: OFFERINGS 62

TABLE 2 BOSTON SCIENTIFIC CORP: RECENT DEVELOPMENTS 62

TABLE 3 MEDTRONIC PLC: OFFERINGS 68

TABLE 4 MEDTRONIC PLC: RECENT DEVELOPMENTS 68

TABLE 11 PHILIPS HEALTHCARE: PRODUCT OFFERINGS 79

TABLE 12 EDWARD LIFESCIENCES CORP: RECENT DEVELOPMENTS 79

TABLE 13 LIVANOVA, PLC: RECENT DEVELOPMENTS 85

TABLE 14 LIVANOVA, PLC: RECENT DEVELOPMENTS 85

TABLE 15 CRYOLIFE, INC: SNAPSHOT 90

TABLE 16 CRYOLIFE, INC: RECENT DEVELOPMENTS 90

TABLE 17 LEPU MEDICAL TECHNOLOGY CO., LTD.: SNAPSHOT 91

TABLE 18 LEPU MEDICAL TECHNOLOGY CO., LTD.: RECENT DEVELOPMENTS 92

TABLE 19 COLIBRI HEART VALVE LLC: SNAPSHOT 93

TABLE 20 COLIBRI HEART VALVE LLC: RECENT DEVELOPMENTS 93

TABLE 21 JENAVALVE TECHNOLOGY GMBH: SNAPSHOT 94

TABLE 22 JENAVALVE TECHNOLOGY: RECENT DEVELOPMENTS 94

TABLE 23 TTK HEALTHCARE LTD.: SNAPSHOT 95

TABLE 24 VALVEXCHANGE INC.: SNAPSHOT 95

 

Medtronic PLC, Edwards Lifesciences Corp., Boston Scientific Corp., Livanova PLC, St. Jude Medical Inc., Symetis SA, Jenavalve Technology Inc., Cryolife, Inc., TTK Healthcare Ltd., Colibri Heart Valve LLC, Lepu Medical Technology Co. Ltd., and Braile Biomedica.


Related Products in vertical
red-whiteline

RECENT VIEWED REPORTS



Sign up for newsletter

Close
Apply For Job

  • Applicant Name
  • Job Function
  • Total Experience
  • Skills
  • Email ID
  • Notice Period
  • Current CTC & Expected CTC
  • Phone Number
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Your resume has been successfully received. HR will connect you within 14 days in case your resume gets shortlisted."
Close
Download Company Brochure

  • Name
  • Email
  • Company Name
  • Select Country*
  • Phone Number
  • Validation
  •   info-icon

    If validation code does not match, please refresh the page.

Close
Engage With Us

  • Name
  • Designation
  • Email
  • Phone No.
  • Company Name
  • Company URL
  • Select Country*
  • Requirements/ Comments
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Thanks for submitting the form. The concerned team will respond to your query in the next 8-12 hours"
Close

Compare

Expand

person