The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest prosthetic heart valve devices and equipment market share.

The global prosthetic heart valve devices and equipment market is expected to grow from $5.04 billion in 2022 to $5.5 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The prosthetic heart valve devices and equipment market size is expected to grow to $7.41 billion in 2027 at a CAGR of 7.7%.

Major Driver In The Prosthetic Heart Valve Devices And Equipment Market ­– Rise In The Prevalence Of Valvular Heart Disease
Volumes have increased year after year, according to research from The Society of Thoracic Surgeons (STS)/American College of Cardiology (ACC) TVT Registry. By 2021, TAVR treatments will account for more than 84% of all aortic valve replacement procedures performed in the United States. In 2021, 92,000 TAVR operations were performed. As the prevalence of valvular heart disease increases, so will the number of TAVR procedures performed, increasing demand for transcatheter valves and propelling the market ahead.

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Key Prosthetic Heart Valve Devices And Equipment Market Segments
1) By Type: Transcatheter Heart Valve, Tissue Heart Valve,  Mechanical Heart Valve
2) By Application: Hospitals, Ambulatory Surgery Centres
3) By Product Type: Repair Products, Mitral Valve Repair Devices, Tricuspid Valve Repair Devices
4) By Technology: Biological Valve, Decellularized Valve

Recent Prosthetic Heart Valve Devices And Equipment Market Trend – Increasingly Preferring Polymer Valves Over Traditional Mechanical And Bio-Prosthetic Valves
Polymer heart valves are prosthetic heart valves constructed of polymeric materials that outperform tissue and mechanical heart valves in terms of performance. Mechanical heart valves necessitate the use of blood-thinning medication for the rest of one’s life to prevent blood clotting, whereas bioprosthetic heart valves have a short life period, necessitating many replacements and posing the risk of valve degeneration. Polymeric heart valves, on the other hand, improve blood flow and lower the risk of blood clotting, and so avoid the drawbacks of tissue and mechanical valves. As a result, numerous businesses are concentrating on the development of polymeric heart valve technologies. For example, Shanghai Medics, a Shanghai-based medical technology business, produced a revolutionary synthetic heart valve in July 2022. The new valve is made of polymer nanomaterial and has a lifespan of 20 to 25 years.

Prosthetic Heart Valve Devices And Equipment Market Prominent Players
Major players in the prosthetic heart valve devices and equipment market are Boston Scientific, Edward life sciences, Medtronic, Livanova, Abbott, Jenavalve technology, Lepu medical, Cryolife, Neovasc Inc., and St. Jude medical.

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The Prosthetic Heart Valve Devices And Equipment Global Market Report 2023  provides a comprehensive overview on the prosthetic heart valve devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the prosthetic heart valve devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Prosthetic heart valve devices and equipment are artificial heart valves that are implanted in a valvular heart disease patient’s heart.

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