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

By Product;

Mechanical Heart Valves - [Aortic Valves, Mitral Valves], Biological Heart Valves - [Aortic Valves, Mitral Valves, Pulmonary Valves, Tricuspid Valves], Transcatheter Heart Valves - [Aortic Valves, Mitral Valves, and Pulmonary Valves]

By Procedure;

Replacement Procedures- [Surgical Aortic Valve Replacement (SAVR), Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral Valve Replacement, Other Replacement Procedures], Repair Procedures - [Transcatheter Mitral Valve Repair (TMVr), Transcatheter Tricuspid Valve Repair, Valvuloplasty, and Other]

By Treatment;

Open Surgery and Minimally Invasive Surgery (MIS)

By End Users;

Hospitals and Ambulatory Surgical Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn829572168 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Heart Valve Devices Market (USD Million), 2021 - 2031

Heart Valve Devices Market was valued at USD 9,369.72 million in the year 2024. The size of this market is expected to increase to USD 21,717.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.8%.


Global Heart Valve Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 12.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.8 %
Market Size (2024)USD 9,369.72 Million
Market Size (2031)USD 21,717.62 Million
Market ConcentrationLow
Report Pages321
9,369.72
2024
21,717.62
2031

Major Players

  • Abbott
  • Boston Scientific Corporation
  • CryoLife, Inc.
  • Edward Lifesciences Corporation
  • JenaValve Technology, Inc.
  • Medtronic
  • SYMETIS
  • Neovasc, Inc.
  • Sorin Group (LivaNova PLC)
  • Micro Interventional Devices, Inc.
  • XELTIS
  • TTK HealthCare
  • Lepu Medical Technology (Beijing) Co., Ltd. (Lepu Medical Group)
  • Auto Tissue Berlin GmbH
  • Novostia SA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Heart Valve Devices Market

Fragmented - Highly competitive market without dominant players


The Heart Valve Devices Market is experiencing robust growth, driven by the rising incidence of cardiovascular diseases, which contribute to nearly 30% of all fatalities. An aging population and shifting lifestyle habits are significantly increasing the demand for heart valve repair and replacement devices, creating a dynamic market landscape. The development of transcatheter valve technologies has further accelerated this growth, catering to the demand for minimally invasive treatment options.

Technological Innovations Boosting Market Expansion
Cutting-edge advancements in heart valve technology are playing a pivotal role in market expansion. Nearly 40% of newly launched heart valve devices now feature advanced biomaterials and nanotechnology, enhancing durability and patient outcomes. Additionally, the integration of artificial intelligence (AI) in device design and preoperative planning is optimizing patient care, minimizing complications, and improving surgical precision.

Focus on Long-Term Device Performance
Long-term durability is a critical focus for manufacturers, as approximately 35% of innovations in this sector emphasize enhanced implant longevity and biocompatibility. This focus on long-lasting devices aims to reduce the need for repeat procedures and improve patient quality of life, reflecting a broader commitment to patient-centric solutions.

Regulatory Support and Favorable Reimbursement Policies
Supportive regulatory frameworks and streamlined reimbursement policies are further accelerating market growth. Nearly 45% of recent device approvals benefit from faster regulatory pathways and comprehensive reimbursement models, making advanced heart valve devices more accessible and financially feasible. This supportive environment is fostering innovation and encouraging higher adoption rates across healthcare systems.

  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 Procedure
    3. Market Snapshot, By Treatment
    4. Market Snapshot, By End Users
    5. Market Snapshot, By Region
  4. Global Heart Valve Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rapid growth in cardiovascular disease cases
        2. Increasing prevalence of cardiovascular diseases
        3. Growing adoption of minimally invasive procedures
      2. Restraints
        1. High cost of heart valve devices
        2. Limited access to advanced healthcare infrastructure
        3. Risk of complications associated with procedures
      3. Opportunities
        1. Development of innovative products
        2. Focus on personalized medicine
        3. Integration of digital health solutions
    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. Global Heart Valve Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Mechanical Heart Valves
        1. Aortic Valves
        2. Mitral Valves
      2. Biological Heart Valves
        1. Aortic Valves
        2. Mitral Valves
        3. Pulmonary Valves
        4. Tricuspid Valves
      3. Transcatheter Heart Valves
        1. Aortic Valves
        2. Mitral Valves
        3. Pulmonary Valves
    2. Global Heart Valve Devices Market, By Procedure, 2021 - 2031 (USD Million)
      1. Procedure
        1. Replacement procedures
        2. Surgical aortic valve replacement (SAVR)
        3. Transcatheter aortic valve replacement (TAVR)
        4. Transcatheter mitral valve replacement (TMVR)
        5. Other replacement procedures
      2. Repair procedures
        1. Transcatheter mitral valve repair (TMVr)
        2. Transcatheter tricuspid valve repair (TTVr)
        3. Valvuloplasty
        4. Other
    3. Global Heart Valve Devices Market, By Treatment, 2021 - 2031 (USD Million)
      1. Open Surgery
      2. Minimally Invasive Surgery (MIS)
    4. Global Heart Valve Devices Market, By End Users, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
    5. Global Heart Valve 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. Abbott
      2. Boston Scientific Corporation
      3. CryoLife, Inc.
      4. Edward Lifesciences Corporation
      5. JenaValve Technology, Inc.
      6. Medtronic
      7. SYMETIS
      8. Neovasc, Inc.
      9. Sorin Group (LivaNova PLC)
      10. Micro Interventional Devices, Inc.
      11. XELTIS
      12. TTK HealthCare
      13. Lepu Medical Technology (Beijing) Co., Ltd. (Lepu Medical Group)
      14. Auto Tissue Berlin GmbH
      15. Novostia SA
  7. Analyst Views
  8. Future Outlook of the Market