Global Aortic Valve Replacement Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Balloon-expandable, Self-expandable, Mechanically Expandable, and Aortic Regurgitation

By Leaflet Material;

Bovine Pericardium, and Porcine Pericardium

By Frame Material;

Cobalt-Chromium, Nitinol, and Others

By End-User;

Inpatient Facilities, and Outpatient Facilities

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn158625244 Published Date: May, 2025 Updated Date: June, 2025

Aortic Valve Replacement Devices Market Overview

Aortic Valve Replacement Devices Market (USD Million)

Aortic Valve Replacement Devices Market was valued at USD 9,225.62 million in the year 2024. The size of this market is expected to increase to USD 16,649.37 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.8%.


Global Aortic Valve Replacement Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 8.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.8 %
Market Size (2024)USD 9,225.62 Million
Market Size (2031)USD 16,649.37 Million
Market ConcentrationMedium
Report Pages357
9,225.62
2024
16,649.37
2031

Major Players

  • Boston Scientific Corporation
  • Medtronic
  • St. Jude Medical
  • LivoNova
  • Edwards Lifesciences Corporation
  • CryoLife

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Aortic Valve Replacement Devices Market

Fragmented - Highly competitive market without dominant players


The aortic valve replacement devices market is expanding rapidly due to a rise in aortic stenosis and valvular heart diseases, particularly among older individuals. Around 3% of elderly patients worldwide are impacted by severe aortic stenosis, prompting the need for effective treatment. The growing preference for minimally invasive options is also supporting market momentum.

Rise of Advanced Valve Technologies
A transformative trend in the market is the increased use of transcatheter aortic valve replacement (TAVR), which now accounts for over 60% of all valve procedures. TAVR’s advantages like shorter hospital stays and lower risk of complications—are making it a popular choice. Innovations in valve design and materials are also enhancing procedural outcomes.

Impact of Demographics and Diagnostics
Simultaneously, improvements in diagnostic tools are enabling earlier detection and more precise evaluations of valve conditions. This has led to increased treatment uptake and broader patient eligibility for intervention.

Shifting Preferences in Treatment Modalities
There is a clear trend toward less invasive treatments, with more than 45% of patients now choosing minimally invasive techniques over open-heart surgery. Improved awareness, better healthcare access, and increasing patient preference are key contributors. These developments are reshaping the way cardiac care is delivered.Investments and Regulatory Momentum
Continued investments in innovation and frequent regulatory clearances are fueling growth in the market. Notably, 25% of new cardiovascular device launches are related to aortic valve replacements. Industry players are actively investing in research, development, and strategic partnerships to strengthen their market presence.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Leaflet Material
    3. Market Snapshot, By Frame Material
    4. Market Snapshot, By End-user
    5. Market Snapshot, By Region
  4. Aortic Valve Replacement Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Valvular Diseases
        2. Continuous Advancements in Medical Technology
        3. Growing Geriatric Population
        4. Rising Awareness and Screening Programs
        5. Favorable Reimbursement Policies
      2. Restraints
        1. Risk of Complications and Adverse Events
        2. Limited Access to Advanced Healthcare Facilities
        3. Stringent Regulatory Requirements
        4. Alternative Treatment Options
      3. Opportunities
        1. Focus on Patient-Centric Innovation
        2. Strategic Partnerships and Collaborations
        3. Investment in R&D for Novel Technologies
        4. Focus on Tailored Solutions for High-Risk Patients
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Aortic Valve Replacement Devices Market, By Product , 2021 - 2031 (USD Million)
      1. Balloon-expandable
      2. Self-expandable
      3. Mechanically Expandable
      4. Aortic Regurgitation
    2. Aortic Valve Replacement Devices Market, By Leaflet Material , 2021 - 2031 (USD Million)
      1. Bovine Pericardium
      2. Porcine Pericardium
    3. Aortic Valve Replacement Devices Market, By Frame Material , 2021 - 2031 (USD Million)
      1. Cobalt-Chromium
      2. Nitinol
      3. Others
    4. Aortic Valve Replacement Devices Market, By End-user, 2021 - 2031 (USD Million)
      1. Inpatient Facilities
      2. Outpatient Facilities
    5. Aortic Valve Replacement Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Edwards Lifesciences Corporation
      2. Medtronic PLC
      3. Boston Scientific Corporation
      4. Abbott Laboratories
      5. LivaNova PLC
      6. Terumo Corporation
      7. Meril Life Sciences
      8. Braile Biomédica
      9. Colson Medical
      10. JenaValve Technology
  7. Analyst Views
  8. Future Outlook of the Market