Heart Valve Repair and Replacement Devices Market
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This market research report on the global heart valve repair and replacement devices market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (repair devices and replacement devices), by surgery type (transcatheter surgery, open heart surgery, and MI heart surgery), by end-users (hospitals and ASCs), and by geography (APAC, Europe, North America, Latin America, and MEA).

Heart Valve Repair and Replacement Devices Market - Overview

The rising incidence of valvular heart diseases or heart valve diseases is augmenting the growth of the global heart valve repair and replacement devices market. According to the research analyst at Arizton, around 40%-60% of patients with severe heart conditions do not undergo treatment and surgeries due to lack of awareness about the disease condition, the high cost of treatment, and lack of skilled surgeons in the heart valve repair market. The leading vendors and healthcare professionals are engaged in various awareness initiatives and campaigns to create awareness among public and patients about the benefits of these procedures and availability of various advanced  minimally invasive techniques for treating heart valve diseases. Furthermore, the increasing prevalence of valvular disorders such as aortic stenosismitral regurgitationpulmonary stenosistricuspid regurgitation, and congenital heart defects will boost the demand for heart valve repair and replacement devices and surgeries in the market. The increasing initiatives to create disease awareness and the growing availability of various treatment options that are best for these types of patients will contribute to the revenues in the heart valve replacement market. The global heart valve repair and replacement devices market is one of the fastest growing segments in the global  cardiovascular devices market.

The government organizations and leading manufacturers involved in spreading awareness, education, and support about various types of cardiac diseases will have a positive impact on the global heart valve repair market. Top vendors in the transcatheter space, startups, and small medtech investigational companies are actively engaged in developing next-generation medical devices creating lucrative opportunities in the heart valve replacement market. The global heart valve repair and replacement devices market is expected to generate revenues of more than $12 billion by 2023, growing at an impressive CAGR of around 17% during 2017-2023.

Heart Valve Repair and Replacement Devices Market at a Glance

Heart Valve Repair and Replacement Devices Market - Dynamics

The leading players are focusing on pursuing inorganic growth strategies such as acquisitions, investments in startups, and emerging companies, to gain a larger global heart valve repair and replacement devices market share. These strategic alliances and acquisitions will help vendors expand their presence, enhance product portfolio, and improve expertise in the heart valve replacement market. The M&A activities will provide significant opportunities to companies and enable quicker business expansion and penetration in existing and newer regions. Such initiatives will lead to the launch of new product portfolios in the global heart valve repair and replacement devices market. For instance, in January 2017, Abbott was part of one of the biggest acquisitions in the medical device industry when it acquired St. Jude Medical. This acquisition has helped Abbott to become the second leading player in the global heart valve repair market.

Heart Valve Repair and Replacement Devices Market - Segmentation

This market research report includes a detailed segmentation of the market by product, surgery type, end-users, and geography.

Segmentation of Heart Valve Repair and Replacement Devices Market

Heart Valve Repair and Replacement Devices Market – By Product

TAVR to gain immense popularity in the heart valve repair and replacement devices market during the forecast period

The global heart valve repair and replacement devices market by products is segmented into repair devices and replacement devices. Replacement devices segment dominated more the 3/4th of market share in 2017, growing at a CAGR of approximately 18% during the forecast period. The growing demand for transcatheter replacement procedures especially TAVR and the availability of next-generation  prosthetic tissue heart valves  are two of the major factors augmenting the growth of this segment in the global heart valve repair market. The growing prevalence of aortic stenosis, mitral stenosis, and pulmonary valve stenosis is driving the demand for these replacement services in the global heart valve replacement market. TAVR is becoming an established therapeutic alternative to SAVR for high-risk patients suffering from aortic stenosis in the heart valve repair market. The companies are investing in R&D activities to launch various innovative and technologically advanced prosthetics to gain a larger global heart valve repair and replacement devices heart valve replacement market share. The R&D activities ensure more safe and effective patient care and the introduction of robotic-assisted surgical techniques .

Heart Valve Repair and Replacement Devices Market – By Surgery Type

Development of next-generation transcatheter devices to boost demand in the heart valve repair and replacement devices market

The surgery type segment in the global heart valve repair and replacement devices market is classified into transcatheter surgery, open heart surgery, and MI heart surgery. Transcatheter heart surgery segment occupied more than half of the share in 2017, growing at a CAGR of over 20% during the forecast period. The superior safety and efficacy of this procedure are driving the growth of this segment in the global heart valve replacement market. The US, Germany, Japan, France, the UK, Italy, and Spain are the largest market for transcatheter procedures. The rising awareness among patients regarding the benefits of transcatheter-based procedures such as less traumatic surgical experience, faster recovery, high success rate, and reduced hospital stay are factors that will attribute to the revenues in the heart valve repair market segment. The significant growth in technological advancements in surgical procedures and development of next-generation transcatheter devices will revolutionize the global heart valve repair and replacement devices market. The growing demand for procedures such as TAVR and TMVr will create new avenues of top players operating in the global heart valve repair market.

Heart Valve Repair and Replacement Devices Market – By End-Users

MI robotic-assisted surgeries to gain traction in hospitals in the heart valve repair and replacement devices market

The global heart valve repair and replacement devices market by end-users is divided into hospitals and ASCs. Hospital end-user segment dominated the largest market share in 2017, growing at a CAGR of around 18% during the forecast period. The availability of various procedure such as transcatheter-based, MI robotic-assisted, and video-assisted techniques for treating a broad range of high-risk and complicated heart valve diseases is propelling the growth of this end-user segment in the global heart valve repair market. The emergence of valve-in-valve procedures and other MI invasive surgical techniques will create opportunities for advanced prosthetic vendors operating in the global heart valve repair and replacement devices market. The hospitals are involved in developing and using superior designs and usage of advanced materials that help offer low-cost devices that offer safe and efficient patient care to patients. The growing adoption of technologically advanced medical devices in hospitals will revolutionize the healthcare industry over the next few years.

Heart Valve Repair and Replacement Devices Market – By Geography

Adoption of technologically advanced devices in North America to revolutionize the heart valve repair and replacement devices market

The geographical segment in the global heart valve repair and replacement devices market is categorized into APAC, Europe, North America, Latin America, and MEA. North America occupied more than half of the market share in 2017, growing at a CAGR of approximately 19% during the forecast period. The advent of technologically advanced devices and increasing adoption of transcatheter and other MI procedures is contributing to the growth of North America in the global heart valve repair market. The rising availability of advanced healthcare infrastructure and constant technological innovations will help vendors generate higher revenues in the North American market. The surgeons are adopting less invasive procedures over invasive or open-heart procedures to treat heart valve diseases in this region. The US and Canada are the largest revenues generators in the North American market.

The key countries profiled in the report are:

  • US
  • Canada
  • Germany
  • France
  • UK
  • Japan
  • China

Key Vendor Analysis

The global heart valve repair and replacement devices market is highly consolidated and top players occupy a significant portion of the market share. The top vendors are investing in innovative products and technologies to sustain the intense competition in the global market. The leading companies are implementing various strategies such as product launches and approvals, marketing and promotional activities, acquisitions, increase R&D investment, and strengthen their distribution networks to gain a larger market share. The increasing focus on business expansion in existing and newer regions to cater to the needs of growing customer base, widen their product portfolios and boost their production capabilities will gain traction from end-users. The launch of a diversified product portfolio will help players boost their revenues in the global heart valve repair and replacement devices market.

The major vendors in the global market are:

  • Edwards Lifesciences
  • Abbott
  • LivaNova
  • Medtronic
  • Boston Scientific

Other prominent vendors include Balton, BD, BioStable Science & Engineering, Cardiac Dimensions, CryoLife, Lepu Medical Technology, Micro Interventional Devices, Mitralign, NeoChord, Toray Industries, TTK Healthcare, VENUS MEDTECH,  Ancora Heart,  Cephea Valve Technologies,  Colibri Heart Valve, JenaValve Technology, Mardil Medical,  Millipede,  MVRx,  Valcare Medical.

Key market insights include

  1. The analysis of global heart valve repair and replacement devices market provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global heart valve repair and replacement devices market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook of global heart valve repair and replacement devices market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

The global heart valve repair and replacement devices market size is expected to generate revenues of over $12 billion by 2023, growing at an impressive CAGR of around 17% 2017–2023.

The global heart valve repair and replacement devices market is driven by growing technological advancements, new product approvals, a growing elderly population, and improvements in reimbursement policies.  The increasing adoption of transcatheter and other MI heart valve procedures will transform the global heart valve repair market. The market research report provides in-depth market analysis and segmental analysis of the global heart valve repair and replacement devices market by product, surgery type, end-user, and geography.

Base Year:                  2017

Forecast Year:           2018–2023

The report considers the present scenario of the global heart valve repair and replacement devices market and its market dynamics for the period 2018−2023. It covers five geographic regions (North America, Europe, APAC, Latin America, and MEA); end-users (Hospitals and ambulatory surgical centers); product type (heart valve repair and replacement devices); surgery type (Transcatheter, open, and minimally invasive heart valve repair and replacement procedures) under the study elaborating the present market scenario and discussing the futuristic demand of heart valve repair and replacement devices in the market. It also covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the heart valve repair market. It also profiles and analyzes the leading companies and various other prominent companies operating in the global heart valve repair and replacement devices market.

Major Vendors in the Global Heart Valve Repair and Replacement Devices Market

  • Edwards Lifesciences
    • Business Overview
    • Edwards in Global Heart Valve Repair and Replacement Devices Market
    • Major Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Abbott
  • LivaNova
  • Medtronic
  • Boston Scientific

Prominent Players in the Global Heart Valve Repair and Replacement Devices Market

  • Other Prominent Vendors
    • Balton
      • Business Overview
    • BD
    • BioStable Science & Engineering
    • Cardiac Dimensions
    • CryoLife
    • Lepu Medical Technology
    • Micro Interventional Devices
    • Mitralign
    • NeoChord
    • TORAY INDUSTRIES
    • TTK Healthcare
    • VENUS MEDTECH
  • Investigational Companies
    • Ancora Heart
    • Cephea Valve Technologies
    • Colibri Heart Valve
    • JenaValve Technology
    • Mardil Medical
    • Millipede
    • MVRx
    • Valcare Medical

Market Segmentation by Product

  • Heart Valve Repair Devices
    • Surgical Heart Repair Devices
    • Non-surgical Heart Repair Devices
  • Heart Valve Replacement Devices
    • Transcatheter Heart Valves
    • Tissue Heart Valves
    • Mechanical Heart Valves

Market Segmentation by Surgery

  • Transcatheter Surgery
  • Open Heart Surgery
  • MI Heart Surgery

Market Segmentation by End-users

  • Hospitals
  • ASCs

Market Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
  • APAC
    • China
    • Japan
  • Latin America
  • MEA

1          Research Methodology

2          Research Objectives

3          Research Process

 

4          Report Coverage

4.1       Market Definition

4.2       Base Year

4.3       Scope of Study

4.3.1   Market Segmentation by Product Types

4.3.2   Market Segmentation by Surgery Type

4.3.3   Market Segmentation by End-users

4.3.4   Market Segmentation by Geography

 

5          Report Assumptions & Caveats

5.1       Key Caveats

5.2       Inclusions

5.3       Exclusions

5.4       Currency Conversion

5.5       Market Derivation

 

6          Market at a Glance

7          Introduction

7.1       Overview

7.2       Heart valve repair

7.2.1  Surgical Valve Repair 

7.2.2   Non-surgical Repair

7.3       Heart Valve replacement

7.3.1   Mechanical Valves

7.3.2   Tissue Valves

7.3.3   Transcatheter Valves

 

8          Heart Valve Repair and Replacement Devices Market Dynamics

8.1       Heart Valve Repair and Replacement Devices Market Growth Enablers

8.1.1   Growing Prevalence/Incidence of Valve Diseases

8.1.2   Growing Demand for Transcatheter Repair and Replacement Procedures

8.1.3   Rapid Advances and Improvements in Repair and Replacement Devices and Technology

8.1.4   New Product Approvals

8.1.5   YOY Impact of Market Growth Enablers

8.1.6   YOY Impact of Market Growth Enablers on Regions

8.2       Heart Valve Repair and Replacement Devices Market Growth Restraints

8.2.1   Stringent Government Regulations and Requirement of Rigorous Clinical Trials

8.2.2   Risks and Complications Associated with Repair and Replacement Procedures

8.2.3   High Cost of Repair and Replacement Procedures

8.2.4   Product Recalls

8.2.5   YOY Impact of Market Growth Restraints

8.2.6   YOY Impact of Market Growth Restraints on Regions

8.3       Heart Valve Repair and Replacement Devices Market Opportunities & Trends

8.3.1   Robust Pipeline and Investigational Repair and Replacement Devices

8.3.2   Strategic Acquisitions

8.3.3   Advent of Transcatheter Mitral Valve Replacement Devices

8.3.4   Emergence of Next-generation Valve Replacement Devices

8.3.5   YOY Impact of Market Opportunities & Trends

8.3.6   YOY Impact of Market Opportunities & Trends in Regions

 

9          Global Heart Valve Repair and Replacement Devices Market

9.1       Heart Valve Repair and Replacement Devices Market Overview

9.2       Heart Valve Repair and Replacement Devices Market Size & Forecast

9.3       Porter’s Five Forces Analysis

9.3.1   Threat of New Entrants

9.3.2   Bargaining Power of Suppliers

9.3.3   Bargaining Power of Buyers

9.3.4   Threat of Substitutes

9.3.5   Competitive Rivalry

 

10        Heart Valve Repair and Replacement Devices Market by Product Types

10.1    Heart Valve Repair and Replacement Devices Market Overview

 

11        Global Valve Repair Devices Market

11.1    Market Overview

11.2    Market Size and Forecast

11.3    Global Surgical Valve Repair Devices Market

11.3.1 Market Overview

11.3.2 Market Size and Forecast

11.4    Global Non-surgical Valve Repair Devices Market

11.4.1 Market Overview

11.4.2 Market Size and Forecast

 

12        Global Valve Replacement Devices Market

12.1    Market Overview

12.2    Market Size and Forecast

12.3    Global Transcatheter Valves Market

12.3.1 Market Overview

12.3.2 Market Size and Forecast

12.4    Global Tissue Valves Market

12.4.1 Market Overview

12.4.2 Market Size and Forecast

12.5    Global Mechanical Valves Market

12.5.1 Market Overview

12.5.2 Market Size and Forecast

 

13        Heart Valve Repair and Replacement Devices Market by Surgery Type

13.1    Market Overview

13.2    Transcatheter Valve Repair and Replacement

13.2.1 Market Overview

13.2.2 Market Size & Forecast

13.3    Open Valve Repair and Replacement

13.3.1 Market Overview

13.3.2 Market Size & Forecast

13.4    Minimally Invasive Valve Repair and Replacement

13.4.1 Market Overview

13.4.2 Market Size & Forecast

 

14        Heart Valve Repair and Replacement Devices Market by End-User

14.1    Market Overview

14.2    Hospitals

14.2.1 Market Overview

14.2.2 Market Size and Forecast

14.3    ASCs

14.3.1 Market Overview

14.3.2 Market Size and Forecast

 

15        Heart Valve Repair and Replacement Devices Market By Geography

15.1    Heart Valve Repair and Replacement Devices Market Overview

 

16        North America

16.1    Market Overview

16.2    Market Size and Forecast

16.3    Key Countries

16.3.1 US: Market Size & Forecast

16.3.2 Canada: Heart Valve Repair and Replacement Devices Market

16.4    Key Market Trend, Enabler, & Restraint

 

17        Europe

17.1    Market Overview

17.2    Market Size and Forecast

17.3    Key Countries

17.3.1 Germany: Market Size & Forecast

17.3.2 France: Market Size & Forecast

17.3.3 UK: Market Size and Forecast

17.4    Key Market Trend, Enabler, & Restraint

 

18        APAC

18.1    Market Overview

18.2    Market Size and Forecast

18.3    Key Countries

18.3.1 Japan: Market Size & Forecast

18.3.2 China: Market Size & Forecast

18.4    Key Market Trend, Enabler, & Restraint

 

19        Latin America

19.1    Market Overview

19.2    Market Size and Forecast

19.3    Key Market Trend, Enabler, & Restraint

 

20        Middle-East and Africa

20.1    Market Overview

20.2    Market Size and Forecast

20.3    Key Market Trend, Enabler, & Restraint

 

21        Competitive Landscape

21.1    Competition overview

21.2    Heart Valve Repair and Replacement Devices Market Share Analysis

 

22        Key Company Profiles

22.1    Edwards Lifesciences

22.1.1 Business Overview

22.1.2 Edwards Lifesciences in Global Heart Valve Repair and Replacement Devices Market

22.1.3 Major Product Offerings

22.1.4 Key Strategies

22.1.5 Key Strengths

22.1.6 Key Opportunities

22.2    Medtronic

22.2.1 Business Overview

22.2.2 Medtronic in Global Heart Valve Repair and Replacement Devices Market

22.2.3 Major Product Offerings

22.2.4 Key Strategies

22.2.5 Key Strengths

22.2.6 Key Opportunities

22.3    Abbott

22.3.1 Business Overview

22.3.2 Abbott in Global Heart Valve Repair and Replacement Devices Market

22.3.3 Major Product Offerings

22.3.4 Key Strategies

22.3.5 Key Strengths

22.3.6 Key Opportunities

22.4    Boston Scientific

22.4.1 Business Overview

22.4.2 Boston Scientific in Global Heart Valve Repair and Replacement Devices Market

22.4.3 Major Product Offerings

22.4.4 Key Strategies

22.4.5 Key Strengths

22.4.6 Key Opportunities

22.5    LivaNova

22.5.1 Business Overview

22.5.2 LivaNova in Global Heart Valve Repair and Replacement devices Market

22.5.3 Major Product Offerings

22.5.4 Key Strategies

22.5.5 Key Strengths

22.5.6 Key Opportunities

 

23        Other Prominent Vendors

23.1    Balton

23.1.1 Business Overview

23.2    BD

23.2.1 Business Overview

23.3    BioStable Science & Engineering

23.3.1 Business Overview

23.4    Cardiac Dimensions

23.4.1 Business Overview

23.5    CryoLife

23.5.1 Business Overview

23.6    Lepu Medical Technology

23.6.1 Business Overview

23.7    Micro Interventional Devices

23.7.1 Business Overview

23.8    Mitralign

23.8.1 Business Overview

23.9    NeoChord

23.9.1 Business Overview

23.10  TORAY INDUSTRIES

23.10.1 Business Overview

23.11  TTK Healthcare

23.11.1 Business Overview

23.12  VENUS MEDTECH

23.12.1 Business Overview

 

24        Investigational Companies

24.1    Ancora Heart

24.1.1 Business Overview

24.2    Colibri Heart Valve

24.2.1 Business Overview

24.3    Cephea Valve Technologies

24.3.1 Business Overview

24.4    JenaValve Technology

24.4.1 Business Overview

24.5    Millipede

24.5.1 Business Overview

24.6    MVRx

24.6.1 Business Overview

24.7    Mardil Medical

24.7.1 Business Overview

24.8    Valcare Medical

24.8.1 Business Overview

 

25        Report Summary

25.1    Key Takeaways

25.2    Strategic Recommendations

25.3    Qualitative Summary

25.4    Quantitative Summary

25.4.1 Market by Geography

25.4.2 Market by Product

25.4.3 Market by Surgery Types

25.4.4 Market by End-users

 

26        Appendix

26.1    Abbreviations

List Of Exhibits      

Exhibit 1         Segmentation of Global Heart Valve Repair and Replacement Devices Market

Exhibit 2         Market Size Calculation Approach 2017

Exhibit 3         Global Heart Valve Repair and Replacement Devices Market by Product Type 2017

Exhibit 4         Percentage of Patients Diagnosed with Mild, Moderate, and Severe Valve Diseases

Exhibit 5         Prevalence of Valve Diseases in Different Age Groups

Exhibit 6         Prevalence of Aortic Regurgit