Prosthetic Heart Valve Market: Industry Size, Growth, Revenue, Statistics, Competitive Landscape and Forecast2016 – 2026

Press Release

Mechanical heart valve is an artificial heart valve implanted in patients suffering from indicated diseases such as aortic stenosis or mitral regurgitation. Tissue heart valves are the biological valves harvested from cow heart sac (bovine) or porcine (pig) heart valves mounted on a stent or used without a stent to replace a dysfunctional heart valve. The global prosthetic heart valve market revenue is projected to register a CAGR of 12.0% during the forecast period (2016-2026) and reach a market valuation of US$ 19.60 Bn by the end of 2026.

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Rising prevalence of valvular heart disease (VHD) expected to augment market growth

Increasing occurrences of valvular heart disease (VHD) is one of the primary drivers impacting the global prosthetic heart valve market. Other factors fuelling the demand for prosthetic heart valves include regulatory approval for heart valves, integration of technological advancements, and increasing number of heart valve implantation procedures. Prosthetic heart values are an effective alternative to cumbersome open heart surgery, and this is one of the main reasons for a global preference for prosthetic heart valves.

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However, high costs associated with transcatheter heart valve products, procedure related risks and complications, and product recalls are some restraints likely to hamper the growth of the global prosthetic heart valve market over the forecast period. 

Market segmentation

By Product Type Mechanical Heart Valves Mechanical Aortic Valve Mechanical Mitral Valve Biological/Tissue Heart Valves Tissue Aortic Valve Tissue Mitral Valve Transcatheter Heart Valves Transcatheter Aortic Valve Transcatheter Mitral Valve By End User Hospitals Ambulatory Surgery Centres By Region North America Latin America Excluding Brazil Brazil Western Europe Eastern Europe Asia Pacific Excluding Japan (APEJ) Middle East & Africa (MEA)

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This post was originally published on Space Market Research


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