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

By Product;

Heart Valve Replacement Devices and Heart Valve Repair Devices.

By Surgery;

Minimally Invasive Surgeries, Transcatheter Surgeries, and Open Surgeries.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn444647206 Published Date: February, 2025 Updated Date: March, 2025

Introduction

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

In the year 2024, the Global Heart Valve Repair and Replacement Devices Market was valued at USD 8,347.90 million. The size of this market is expected to increase to USD 19,039.04 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.5%.

The global heart valve repair and replacement devices market is witnessing remarkable growth driven by a confluence of factors including demographic shifts, technological advancements, and evolving healthcare infrastructure. Heart valve diseases represent a significant burden on public health worldwide, affecting millions of individuals across diverse age groups and geographic regions. As populations age and lifestyles change, the prevalence of cardiovascular diseases continues to rise, fueling the demand for innovative solutions to address the complex needs of patients with valvular disorders. Against this backdrop, the market for heart valve repair and replacement devices has emerged as a critical sector within the broader cardiovascular medical device industry, offering a range of therapeutic options to restore cardiac function and improve patient outcomes.

Technological innovation plays a pivotal role in driving the evolution of the heart valve repair and replacement devices market, facilitating the development of minimally invasive procedures, transcatheter interventions, and advanced implantable devices. These technological advancements enable healthcare providers to offer less invasive treatment options with reduced procedural risks, shorter recovery times, and improved clinical outcomes compared to traditional surgical approaches. Moreover, ongoing research and development efforts are focused on enhancing device performance, durability, and biocompatibility, thereby addressing unmet clinical needs and expanding the scope of treatment for a broader patient population. As a result, the market landscape is characterized by a dynamic interplay between established players, emerging startups, and academic institutions, all striving to push the boundaries of innovation in cardiovascular medicine.

Looking ahead, the global heart valve repair and replacement devices market is poised for continued growth and transformation, driven by increasing healthcare expenditures, expanding patient populations, and rising adoption of minimally invasive cardiac interventions. Furthermore, the convergence of digital health technologies, artificial intelligence, and personalized medicine holds immense promise for revolutionizing patient care and treatment paradigms in the field of cardiology. By leveraging these technological advancements and fostering collaborations across industry stakeholders, healthcare systems can enhance access to high-quality cardiac care, improve clinical outcomes, and mitigate the socioeconomic burden of heart valve diseases on a global scale.

  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 Surgery
    3. Market Snapshot, By Region
  4. Global Heart Valve Repair and Replacement Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Aging Population
        3. Increasing Cardiovascular Diseases
        4. Rising Awareness Programs
        5. Growing Healthcare Expenditure
      2. Restraints
        1. High Cost of Devices
        2. Stringent Regulatory Approval
        3. Limited Access to Healthcare
        4. Risk of Complications
        5. Lack of Skilled Professionals
      3. Opportunities
        1. Emerging Markets Expansion
        2. Focus on Patient Education
        3. Development of Next-Generation Devices
        4. Collaborations and Partnerships
        5. Tailored Treatment Approaches
    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 Repair and Replacement Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Heart valve replacement devices
      2. Heart valve repair devices
    2. Global Heart Valve Repair and Replacement Devices Market, By Surgery, 2021 - 2031 (USD Million)
      1. Minimally invasive surgeries
      2. Transcatheter surgeries
      3. Open surgeries
    3. Global Heart Valve Repair and 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. Abbott Laboratories
      4. Boston Scientific Corporation
      5. LivaNova PLC
      6. CryoLife, Inc.
      7. Lepu Medical Technology (Beijing) Co., Ltd.
      8. Micro Interventional Devices, Inc.
  7. Analyst Views
  8. Future Outlook of the Market