Cardiac Valve Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What Growth Opportunities are Expected to Drive the Cardiac Valve Market’s CAGR Through 2034?
The cardiac valve market has seen remarkable expansion in the recent years. It is projected that the market will surge from $10.89 billion in 2024 to $12.48 billion in 2025, generating a compound annual growth rate (CAGR) of 14.6%. The historical growth has been driven by factors such as the aging population with a consequent rise in valvular heart disease, growing incidence of risk factors such as obesity and hypertension, better diagnostic and imaging techniques for valve diseases, health education initiatives and heart disease awareness campaigns, as well as the advent of minimally invasive procedures and transcatheter valve treatments.
The market size for cardiac valves is projected to witness swift expansion in the forthcoming years. The estimated value will reach $21.26 billion by 2029, with a compound annual growth rate (CAGR) of 14.2%. The growth during this forecast period is likely attributed to a rising demand for bioengineered and tissue-engineered heart valves, the aging worldwide population and need for valve disease remedies, telemedicine and remote patient surveillance for valve patients, improved surgical methodologies and robotic-assisted valve procedures, along with the incorporation of 3D printing for bespoke heart valve creation. The future trends for this period consist of advancements in valve replacement and repair methods, the use of artificial intelligence (AI) for valve disease identification and treatment plans, adoption of 3D printing for custom heart valve production, advancements in valve replacement and repair techniques, and amplification of surgical methodologies and robotically-assisted valve procedures.
Which Drivers Are Expected to Have the Greatest Impact on the cardiac valve Market’s Growth?
The cardiac valve market is predicted to expand due to the escalating occurrences of cardiovascular diseases. The slow and steady rise in cardiovascular disease cases, triggered by smoking, obesity, sedentary lifestyle, along with other factors that put stress on the cardiovascular system, has underpinned this market growth. Arterial build-up of fatty plaques is the primary culprit for coronary artery disease. These incremental rises in cardiac ailments have spurred the demand for cardiac valves for resolving heart valve conditions. For instance, the World Health Organization, a specialized agency of the United Nations based in Switzerland, recorded in September 2023 that out of the 41 million global deaths caused by non-communicable diseases (NCDs) or chronic disorders annually, 74% were accountable to them. The death toll included 17.9 million from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory ailments, and 2.0 million from diabetes. Consequently, the increasing incidence of cardiovascular diseases is poised to boost the cardiac valve market growth.
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What Are the Leading Industry Players Dominating the Cardiac Valve Market?
Major companies operating in the cardiac valve market include:
• Abbott Laboratories_x000D_
• Colibri Heart Valve LLC_x000D_
• TTK HealthCare Limited_x000D_
• Artivion Inc._x000D_
• Edwards Lifesciences Corporation_x000D_
What Are the Latest Trends Leading to Disruption in the Cardiac Valve Market?
Key advancements in heart valve technology are becoming a popular trend within the cardiac valve market. These progressive advancements are producing less invasive treatments for cardiac conditions. Corporations that dominate this market are focusing on breakthrough technologies such as neochordae implantation, annuloplasty ring, and robotic surgery to solidify their standing in the market. These cutting-edge strategies help safeguard patients from fatal conditions like heart stroke and cardiac arrest. For example, Edwards, an American medical technology firm, released the Sapien 3 Ultra Resilia transcatheter heart valve with anti-calcification technology in September 2022. This technology has been developed to permanently block calcium from binding to bioprosthetic valves.
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What Are the Strategic Segments Comprising the Cardiac Valve Market and Their Growth Contributions?
The cardiac valve market covered in this report is segmented –
1) By Type: Tissue Heart Valves, Transcatheter Heart Valves, Mechanical Heart Valves, Other Types
2) By Position: Aortic Valve, Mitral Valve, Other Positions
3) By Treatment: Cardiac Valve Repair, Cardiac Valve Replacement
4) By End-Users: Hospital And Clinics, Specialty Centers, Cardiac Research Institute, Other End Users
Subsegments:
1) By Tissue Heart Valves: Bioprosthetic Valves (e.g., porcine, bovine), Homograft Valves
2) By Transcatheter Heart Valves: Transcatheter Aortic Valve Implantation (TAVI) Valves, Transcatheter Mitral Valve Repair Valves
3) By Mechanical Heart Valves: Tilting Disc Valves, Bileaflet Valves, Caged Ball Valves
4) By Other Types: Conduits, Stented vs. Stentless Valves
Which Regions Are Significant to the Growth of the Cardiac Valve Market?
North America was the largest region in the cardiac valve market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiac valve market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Can We Define the Cardiac Valve Market and Its Key Components?
Cardiac valves refer to artificial valves used to keep the flow of blood in one direction from the heart to the rest of the body parts. A cardiac valve is an implantable device used to replace a damaged body valve that has stopped working due to various diseases. The primary function of the cardiac valve is to keep blood flowing in the proper direction through the heart and from the heart into the major blood vessels connected to it.
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