Market scenario
Increasing number of people with cardiovascular diseases and increasing number of cardiac surgery have stimulated the growth of the market. Additionally, increasing incident of diabetes and obesity, adoption of deskbound lifestyle rising geriatric population, and excessive use of tobacco and alcohol projected to propel the growth of the market.
Cardiac valve or heart valve allows blood to flow in only one direction through the heart. Human heart consists of four valves. These valves open and closes compulsory on differential blood pressure on each side.
On the other hand, high cost of treatment methods may hamper the growth of the global cardiac valve market over the forecast period.
The global cardiac valve market is expected to grow at a CAGR of 11.5% during the forecasted period.
Segmentation
The global cardiac valve market is segmented on the basis of types, by diseases, by treatment, and by end users.
On the basis of types, the market is segmented into trans-catheter heart valve, tissue heart valve, mechanical heart valve, and others.
On the basis of disease, the market is segmented into aortic valve replacement, heart valve disease, mitral valve stenosis, and others.
On the basis of treatments, it is segmented into valve replacement, valve repair, and others.
On the basis of end users the market is segmented into cardiac research institute, hospital & clinics, and others.
Key players
- Medtronic,
- Edwards Lifesciences Corporation (U.S.),
- Boston Scientific Corporation (U.S.),
- Jude Medical, Inc. (an Abbott Laboratories Company) (U.S.),
- LivaNova PLC (U.K.),
- Symetis SA (Switzerland),
- Jenavalve Technology, Inc. (Germany),
- CryoLife, Inc. (U.S.),
- TTK HealthCare (India),
- Colibri Heart Valve, LLC (U.S.),
- Lepu Medical Technology Co., Ltd. (China),
- Braile Biomédica (Brazil)
Regional analysis
The Americas mainly include North America and South America of which North America dominates the heart valve disease treatment market owing to the presence of huge number of patient with cardiac diseases, increasing geriatric population, and increasing healthcare expenditure.
Europe is the second highest revenue generating region in the cardiac valve market. Europe is mainly consist of Eastern Europe and Western Europe. More developed countries of Western Europe such as Germany, France, and the UK are holding the major market share, whereas the East European countries are also growing at a significant rate. Moreover, owing to developing healthcare infrastructure and increasing healthcare expenditure will boost the market growth in this region.
In Asia Pacific, increasing government support for research & development in healthcare domain, growing number of cardiovascular diseases drive the growth of the market in this region.
The Middle East & Africa is expected to show a least market share due to less availability of medical facilities, and less development in healthcare domain
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