Learn about the global prosthetic heart valve devices and equipment market through The Business Research Company, which provides information on prosthetic heart valve devices and equipment market size, prosthetic heart valve devices and equipment market drivers and restraints, prosthetic heart valve devices and equipment market players, the COVID-19 impact on the prosthetic heart valve devices and equipment market, and more.

The global prosthetic heart valve devices and equipment market size is expected to grow from $4.47 billion in 2021 to $5.04 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The global prosthetic heart valve devices market size is then expected to grow to $7.54 billion in 2026 at a CAGR of 10.6%.

The rising prevalence of valvular heart disease has driven the need for transcatheter aortic valve replacement (TAVR) procedures, thus driving the prosthetic heart valve devices and equipment market.

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The prosthetic heart valve devices and equipment market consist of sales of prosthetic heart valve devices and equipment. These devices are implanted in the heart of patients who have valvular heart disease. The prosthetic heart valve helps in the reduction of discomfort due to a diseased valve in the heart and reduces the risk of mortality.

Global Prosthetic Heart Valve Devices And Equipment Market Segments Include:

By Type: Transcatheter Heart Valve, Tissue Heart Valve, Mechanical Heart Valve

By Application: Hospitals, Ambulatory Surgery Centres

By Product Type: Repair Products, Mitral Valve Repair Devices, Tricuspid Valve Repair Devices

By Technology: Biological Valve, Decellularized Valve

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in prosthetic heart valve devices and equipment market in 2021.

Companies in this market are increasingly preferring polymer valves over traditional mechanical and bio-prosthetic valves/tissue valves. Polymer heart valves are prosthetic heart valves made of polymeric materials and have better functioning than tissue and mechanical heart valves. Mechanical heart valves come with a lifelong requirement of using blood-thinning medication to prevent blood clotting whereas bioprosthetic heart valves come with a short life span that needs several replacements and have a risk of valve degradation. Polymeric heart valves on the other hand support better blood flow and reduce the risk of blood clotting and therefore do not have the disadvantages of tissue and mechanical valves. Therefore, various companies are focusing on the development of polymeric heart valve technologies.

TBRC’s prosthetic heart valve devices and equipment market report covers:

Major Market Players: Boston Scientific, Edward life sciences, Medtronic, Livanova, Abbott, Jenavalve technology, Lepu medical, Cryolife, Neovasc Inc, and St. Jude medical.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Prosthetic Heart Valve Devices And Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides prosthetic heart valve devices and equipment market overviews, analyzes and forecasts market size, share, prosthetic heart valve devices and equipment market players, prosthetic heart valve devices and equipment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s prosthetic heart valve devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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