Ultra Market Research | Global Heart Valve Devices Market
Global Heart Valve Devices Market
Report ID : 889
Category : Medical-Devices,Global
No Of Pages : 118
Published on: December 2024
Status: Published
Format :
Key Question Answer
Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
Global Heart Valve Devices Market
Introduction Global Heart Valve Devices Market includes a variety of products created to treat and manage diseases affecting the heart valves, through which proper blood flow could not be achieved. Most of these devices are pivotal in valve replacement and repair interventions, enhancing the patient's quality of life with different heart conditions. Minimally invasive technologies such as Transcatheter Aortic Valve Replacement have dramatically changed available treatment options. The market was valued to be around USD 9.8 billion in 2023 and is expected to grow further at a compound annual growth rate (CAGR) of 7.5% from 2023-2030, due to growing prevalence of cardiovascular diseases and also the increasing geriatric population worldwide.
Segmentation By Type of Valve • Replacement Valves o Mechanical Valves Bi-leaflet Valves Mono-leaflet Valves Others o Biological Valves Porcine Valves Bovine Valves Others o Transcatheter Valves Aortic Valves Mitral Valves • Repair Valves o Annuloplasty Rings Flexible Rings Rigid Rings o Tissue Repair Kits o Others
By Surgery Type • Open-Heart Surgery o On-Pump Procedures o Off-Pump Procedures • Minimally Invasive Surgery o Transcatheter Procedures o Robotic-Assisted Procedures
By End-User • Hospitals o Cardiology Units o Surgical Departments • Ambulatory Surgical Centers (ASCs) • Specialty Clinics • Others
Drivers Main factor behind the growth of the Global Heart Valve Devices Market is the increasing prevalence of cardiovascular diseases, mainly valvular heart diseases, among the elderly. Improved technology in medical science, especially devices based on transcatheter procedures, has made treatments for high-risk patients impossible to undergo open-heart surgery feasible. Increased health consciousness along with better diagnostic techniques has ensured earlier detection and treatment of heart valve disorders. Favorable reimbursement policies and growing emphasis on minimal invasive procedures are among the reasons propelling growth in the market.
Restraints Despite the advancements made, there are challenges with the Global Heart Valve Devices Market, such as high costs in surgeries and devices for heart valves. There is also limited access in low- and middle-income countries, limiting its use across the globe. Other complications include blood clots and valve degeneration after surgery, which lowers the patient's confidence. Another challenge is that new devices require strict regulatory approvals, and alternative treatments are also available.
Opportunities Global Heart Valve Devices Market has immense growth potential due to increasing investments in R&D for the development of next-generation devices. There are emerging markets in Asia-Pacific and Latin America with a growing healthcare infrastructure and campaigns for awareness. Further development in personalized medicine and artificial intelligence (AI) in the field of predictive diagnostics could also increase the precision of treatments for heart valves, offering new opportunities for market players.
Trends Smart technologies such as AI and machine learning are increasingly being used for preoperative planning and postoperative monitoring in the Global Heart Valve Devices Market. Bioengineered heart valves, which closely mimic natural tissue, are increasingly in use with longer durability. Hybrid operating rooms that enable easy transitions from diagnostic imaging to surgical procedures are increasingly adopted, resulting in better outcomes for complex cases.
Key Target Audience • Hospitals • Ambulatory Surgical Centers (ASCs) • Cardiologists and Cardiac Surgeons • Medical Device Distributors • Research Institutes • Government and Regulatory Bodies
Frequently Asked Questions (FAQ's)
The market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
Rising CVD prevalence, technological advancements, and increasing geriatric populations.
North America and Europe currently hold the largest market shares.
High device costs and regulatory hurdles are significant challenges.
AI aids in diagnostics, surgical planning, and post-operative monitoring, improving precision and outcomes.
1. Introduction 1.1 Report Description 1.2 Research Methodology • 1.2.1 Data Mining • 1.2.2 Market Modeling and Forecasting • 1.2.3 Data Validation • 1.2.4 Industry Analysis
2. Market Dashboard
3. Market Overview 3.1 Market Definition and Scope 3.2 Market Segmentation • 3.2.1 By Valve Type o Mechanical Valves o Biological Valves Porcine Valves Bovine Valves Others o Transcatheter Valves • 3.2.2 By Surgery Type o Open-Heart Surgery o Minimally Invasive Surgery • 3.2.3 By End-User o Hospitals o Ambulatory Surgical Centers (ASCs) o Specialty Clinics o Others • 3.2.4 By Geography 3.3 Market Dynamics • 3.3.1 Drivers • 3.3.2 Restraints • 3.3.3 Opportunities • 3.3.4 Challenges
4. Global Heart Valve Devices Market by Valve Type 4.1 Introduction 4.2 Market Size and Growth Rate by Valve Type (2024-2030) • 4.2.1 Replacement Valves o Mechanical Valves o Biological Valves Porcine Valves Bovine Valves Others o Transcatheter Valves • 4.2.2 Repair Valves o Annuloplasty Rings o Tissue Repair Kits o Others
5. Global Heart Valve Devices Market by Surgery Type 5.1 Introduction 5.2 Market Size and Growth Rate by Surgery Type (2024-2030) • Open-Heart Surgery o On-Pump Procedures o Off-Pump Procedures • Minimally Invasive Surgery o Transcatheter Procedures o Robotic-Assisted Procedures
6. Global Heart Valve Devices Market by End-User 6.1 Introduction 6.2 Market Size and Growth Rate by End-User (2024-2030) • Hospitals o Cardiology Units o Surgical Departments • Ambulatory Surgical Centers (ASCs) • Specialty Clinics • Others
7. Global Heart Valve Devices Market by Distribution Channel 7.1 Introduction 7.2 Market Size and Growth Rate by Distribution Channel (2024-2030) • Hospital Pharmacies o Inpatient Dispensing o Specialty Drug Distribution • Retail Pharmacies o Chain Pharmacies o Standalone Pharmacies • Online Pharmacies
8. Global Heart Valve Devices Market by Geography 8.1 Introduction 8.2 Market Size and Growth Rate by Region (2024-2030) • 8.2.1 North America o United States o Canada • 8.2.2 Europe o Germany o France o United Kingdom o Rest of Europe • 8.2.3 Asia Pacific o China o Japan o India o Southeast Asia o Rest of Asia Pacific • 8.2.4 Latin America o Brazil o Rest of Latin America • 8.2.5 Middle East & Africa (MEA) o GCC o North Africa o South Africa o Rest of MEA
10. List of Tables and Figures • Table 1: Global Heart Valve Devices Market Size (2024-2030) • Table 2: Market Segmentation by Valve Type • Table 3: Market Segmentation by Surgery Type • Table 4: Regional Market Size and Share Analysis • Figure 1: Market Growth Rate by Geography (2024-2030) • Figure 2: Competitive Landscape of Key Players
Research Methodology
The process of market research at Ultra Market Research is an iterative in application and usually follows following path. Information from secondary used to build data models, then results from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new Information is again incorporated into data model. The process continues till desired level of Information is not generated
To calculate the market size, the report considers the revenue generated from the sales of Ultra Market Research providers. The revenue generated from the sales of Ultra Market Research has been calculated through primary and secondary research. The report also presents the key players operating in the Ultra Market Research market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes distribution channel segmentation determined using secondary sources and verified through primary sources.
Secondary Research
The secondary research source that are typically referred to include, but are not limited to:
Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
Internal and external proprietary databases, relevant patent and regulatory databases
National government documents, statistical databases and market reports
News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to: Factiva, Hoovers and Statista
Inner Circle Represents – Stage of Research Process
Middle Circle Represents – Source of Information
Outer Circle Represents – Information Derived from that source
Primary Research We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
It provides first-hand Information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
Helps in validating and strengthening the secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
Industry participants: CEOs, VPs, marketing/ distribution channel managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry distribution channels
Models Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data distribution channels to produce estimates:
Demographic data: Population split by segment
Macro-economic indicators: GDP, etc.
Industry indicators: Expenditure, distribution channel stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
2..1 Company Share Analysis Model
Company share analysis is used to derive the size of Global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps: 2..2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
2.1 Research Limitations Inflation is not a part of pricing in this report. Prices of Global Heart Valve Devices Market and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each distribution channel has been taken into account while estimating and forecasting market revenue Globally. Regional average price has been considered while breaking down this market by application in each region. This report provides market size of Global Heart Valve Devices Market for the past year and forecasts for the next six years. Global Heart Valve Devices Market size is given in terms of revenue. Market revenue is defined in USD Million. Market numbers are given on the basis of different Global Heart Valve Devices Market categories. Market size and forecasts for each major application is provided in the context of Global market. The numbers provided in this report are derived on the basis of demand for Global Heart Valve Devices Market from different application industries in different regions.
Segmentation By Type of Valve • Replacement Valves o Mechanical Valves Bi-leaflet Valves Mono-leaflet Valves Others o Biological Valves Porcine Valves Bovine Valves Others o Transcatheter Valves Aortic Valves Mitral Valves • Repair Valves o Annuloplasty Rings Flexible Rings Rigid Rings o Tissue Repair Kits o Others
By Surgery Type • Open-Heart Surgery o On-Pump Procedures o Off-Pump Procedures • Minimally Invasive Surgery o Transcatheter Procedures o Robotic-Assisted Procedures
By End-User • Hospitals o Cardiology Units o Surgical Departments • Ambulatory Surgical Centers (ASCs) • Specialty Clinics • Others
