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

By Type;

Transcatheter Heart Valve, Tissue Heart Valve and Mechanical Heart Valve

By Product Type;

Repair Products, Mitral Valve Repair Devices, and Tricuspid Valve Repair Devices

By Technology;

Biological Valve, and Decellularized Valve

By Application;

Hospitals and Ambulatory Surgery Centres

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn133707720 Published Date: May, 2025 Updated Date: June, 2025

Prosthetic Heart Valve Devices And Equipment Market Overview

Prosthetic Heart Valve Devices And Equipment Market (USD Million)

Prosthetic Heart Valve Devices And Equipment Market was valued at USD 5,859.44 million In the year 2024. The size of this market is expected to increase to USD 10,655.00 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.9%.


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

*Market size in USD million

CAGR 8.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.9 %
Market Size (2024)USD 5,859.44 Million
Market Size (2031)USD 10,655.00 Million
Market ConcentrationMedium
Report Pages346
5,859.44
2024
10,655.00
2031

Major Players

  • Edwards Lifesciences Corporation
  • Medtronic plc
  • Abbott Laboratories
  • Boston Scientific Corporation
  • LivaNova PLC
  • CryoLife Inc.
  • Braile Biomedica
  • Colibri Heart Valve, LLC
  • JenaValve Technology, Inc.
  • Micro Interventional Devices, Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Prosthetic Heart Valve Devices And Equipment Market

Fragmented - Highly competitive market without dominant players


The prosthetic heart valve devices and equipment market is expanding steadily due to the rising occurrence of valvular heart conditions such as mitral regurgitation and aortic stenosis. With cardiovascular disease remaining a top global health concern, the demand for valve replacement solutions is growing rapidly. Around 25% of heart disease patients are affected by valve-related issues that often require surgical intervention with prosthetic devices.

Growing Adoption of Minimally Invasive Techniques
The shift toward minimally invasive valve replacement procedures is significantly influencing market dynamics. These techniques offer advantages such as quicker recovery, reduced complications, and shorter hospital stays. Currently, over 45% of valve replacement surgeries utilize transcatheter approaches, reflecting a strong move away from traditional open-heart surgery and toward patient-centric treatment options.

Innovation in Valve Technology and Design
Technological improvements in valve engineering and biomaterials are boosting market growth. Recent developments include anti-calcification coatings, flexible designs, and long-lasting tissue valves. More than 35% of modern prosthetic valves now incorporate advanced features that improve compatibility and lifespan, enhancing both clinical effectiveness and patient quality of life.

Investment Surge in Cardiac Solutions
Healthcare systems are ramping up their investments in cardiovascular treatment, particularly in diagnostic and surgical innovations. With growing emphasis on early diagnosis and timely intervention, more than 40% of R&D funding in cardiac care is being funneled into prosthetic and implantable valve technologies, signaling a strong commitment to improving patient access and clinical outcomes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Prosthetic Heart Valve Devices And Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Heart Valve Diseases
        2. Aging Global Population
        3. Technological Advancements
      2. Restraints
        1. High Cost of Devices and Procedures
        2. Risk of Complications and Reoperation
        3. Stringent Regulatory Approval Processes
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Advancements in Minimally Invasive Procedures
        3. Growing Investments in R&D and Innovation
    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. Prosthetic Heart Valve Devices And Equipment Market, By Type, 2021 - 2031 (USD Million)
      1. Transcatheter Heart Valve
      2. Tissue Heart Valve
      3. Mechanical Heart Valve
    2. Prosthetic Heart Valve Devices And Equipment Market, By Product Type, 2021 - 2031 (USD Million)
      1. Repair Products
      2. Mitral Valve Repair Devices
      3. Tricuspid Valve Repair Devices
    3. Prosthetic Heart Valve Devices And Equipment Market, By Technology, 2021 - 2031 (USD Million)
      1. Biological Valve
      2. Decellularized Valve
    4. Prosthetic Heart Valve Devices And Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgery Centres
    5. Prosthetic Heart Valve Devices And Equipment 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. Braile Biomedica
      8. Colibri Heart Valve, LLC
      9. JenaValve Technology, Inc.
      10. Micro Interventional Devices, Inc.
  7. Analyst Views
  8. Future Outlook of the Market