Global Prosthetic Heart Valve Or Artificial Heart Valve Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Transcatheter Heart Valve , Tissue Heart Valve, and Mechanical Heart ValveBy Product;
Repair Products, Mitral Valve Repair Devices, and Tricuspid Valve Repair Devices.By Technology;
Biological Valve and Decellularized ValveBy End Use;
Hospitals, Ambulatory Surgical Centres, Speciality Clinics, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Prosthetic Heart Valve Or Artificial Heart Valve Market Overview
Prosthetic Heart Valve Or Artificial Heart Valve Market (USD Million)
Prosthetic Heart Valve Or Artificial Heart Valve Market was valued at USD 10,365.04 million In the year 2024. The size of this market is expected to increase to USD 22,913.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.0%.
Global Prosthetic Heart Valve Or Artificial Heart Valve Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 12.0 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 12.0 % |
Market Size (2024) | USD 10,365.04 Million |
Market Size (2031) | USD 22,913.81 Million |
Market Concentration | Low |
Report Pages | 399 |
Major Players
- Edwards Lifesciences Corporation
- Medtronic plc
- Abbott Laboratories
- Boston Scientific Corporation
- LivaNova PLC
- CryoLife Inc.
- Micro Interventional Devices Inc.
- Braile Biomédica
- JenaValve Technology, Inc.
- Colibri Heart Valve, LLC
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Prosthetic Heart Valve Or Artificial Heart Valve Market
Fragmented - Highly competitive market without dominant players
The prosthetic heart valve market is witnessing notable growth, primarily due to the rising incidence of valvular heart conditions and an expanding elderly population. These devices play a crucial role in managing structural heart diseases like aortic stenosis and mitral regurgitation. Clinical studies reveal that more than 25% of older adults are affected by valvular dysfunction, significantly boosting the demand for heart valve replacement procedures.
Technological Breakthroughs in Valve Design
Ongoing innovation in prosthetic valve technologies is reshaping treatment approaches and improving clinical outcomes. Enhanced materials, precision-engineered mechanical valves, and bioprosthetic alternatives are leading the charge. Notably, transcatheter methods now account for over 40% of valve replacements, underscoring the shift toward advanced, minimally invasive solutions.
Rise of Minimally Invasive Heart Valve Procedures
Minimally invasive interventions, especially transcatheter aortic valve replacement (TAVR), are rapidly gaining preference among patients with elevated surgical risks. TAVR’s ability to reduce hospital stays and procedural complications has made it a front-runner in the field. Current estimates show that TAVR makes up approximately 45% of all aortic valve replacement cases, reflecting its growing clinical relevance.
Elevated Cardiovascular Disease Burden Driving Market Expansion
The high prevalence of cardiovascular disorders continues to fuel market momentum. Factors such as congenital anomalies, degenerative valve disorders, and heart disease driven by lifestyle choices now account for over 30% of inpatient cardiovascular interventions. This growing burden underscores the essential role of prosthetic heart valves in modern cardiac care.
Prosthetic Heart Valve Or Artificial Heart Valve Market Recent Developments
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In March 2022, Edwards Lifesciences received FDA approval for the MITRIS RESILIA valve, a next-generation tissue valve designed for the heart’s mitral position. This approval represents a key advancement in mitral valve replacement, enhancing both durability and clinical performance.
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In January 2022, JenaValve Technology, Inc. signed a strategic investment and exclusive licensing agreement with Peijia Medical Limited. As part of the deal, Peijia made cash and equity investments for exclusive rights to develop and market the Trilogy TAVR system in Greater China, targeting patients with severe symptomatic aortic regurgitation (AR) and aortic stenosis.
Prosthetic Heart Valve Or Artificial Heart Valve Market Segment Analysis
In this report, the Prosthetic Heart Valve Or Artificial Heart Valve Market has been segmented by Type, Product, Technology, End Use, and Geography.
Prosthetic Heart Valve Or Artificial Heart Valve Market, Segmentation by Type
The Prosthetic Heart Valve Or Artificial Heart Valve Market has been segmented by Type into Transcatheter Heart Valve, Tissue Heart Valve and Mechanical Heart Valve.
Transcatheter Heart Valve
The transcatheter heart valve segment is rapidly gaining traction due to its less invasive nature and reduced recovery times, making it ideal for patients who are at high surgical risk. With the global rise in age-related heart conditions, particularly aortic stenosis, demand for this valve type continues to climb. Clinical preferences are shifting toward this method, supported by improvements in valve technology and expanded regulatory approvals. Currently, transcatheter heart valves make up approximately 40% of the market, underscoring their expanding role in cardiovascular treatment.
Tissue Heart Valve
Tissue heart valves, commonly developed from bovine or porcine tissues, are widely chosen for their compatibility and lower risk of clot formation. These valves do not require long-term use of anticoagulants, making them a safer option for elderly patients. However, their lifespan is generally shorter than that of mechanical alternatives. Innovations in material science and enhanced surgical practices have contributed to consistent growth in this segment, which now accounts for nearly 35% of the total market.
Mechanical Heart Valve
Mechanical heart valves remain a staple in heart valve replacement procedures, especially for younger patients who require long-lasting solutions. Renowned for their durability, these valves can function effectively for decades but necessitate lifelong use of blood-thinning medications to prevent clotting. Despite these limitations, their cost-effectiveness and proven outcomes keep them in high demand in several regions. Currently, mechanical heart valves hold about 25% of the global market, with gradual growth supported by advancements in anticoagulation therapy.
Prosthetic Heart Valve Or Artificial Heart Valve Market, Segmentation by Product
The Prosthetic Heart Valve Or Artificial Heart Valve Market has been segmented by Product into Repair Products, Mitral Valve Repair Devices, and Tricuspid Valve Repair Devices.
Repair Products
Repair products are becoming the preferred choice for early-stage heart valve disorders due to their ability to preserve native valve structures. These include devices like annuloplasty rings, chordal repair systems, and leaflet repair tools, which support valve function with minimal surgical impact. The demand for these solutions continues to grow as hospitals and healthcare providers prioritize minimally invasive treatment options. This product category currently commands close to 45% of the market, driven by rising adoption and continued innovation in repair technologies.
Mitral Valve Repair Devices
These devices are gaining significant traction due to the widespread incidence of mitral valve regurgitation, particularly among older adults. Tools such as edge-to-edge clip devices and mitral annuloplasty systems are helping improve patient outcomes by restoring valve competence without the need for full replacement. These devices are now increasingly used in both surgical and transcatheter procedures. The segment accounts for around 35% of the overall market, supported by strong clinical evidence and ongoing product approvals across major regions.
Tricuspid Valve Repair Devices
These devices are emerging as a fast-growing segment within the heart valve repair space. Once overlooked, this area is now receiving renewed focus as awareness about tricuspid regurgitation increases and technological innovations enable safer, less invasive intervention. Devices targeting the tricuspid valve are being developed with transcatheter access in mind, making them suitable for high-risk patients. Although currently representing about 20% of the market, this segment is expected to expand quickly over the coming years.
Prosthetic Heart Valve Or Artificial Heart Valve Market, Segmentation by Technology
The Prosthetic Heart Valve Or Artificial Heart Valve Market has been segmented by Technology into Biological valve and Decellularized valve.
Biological Valve
Biological valves, commonly manufactured from porcine or bovine tissues, are extensively used due to their natural compatibility and lower risk of thrombosis. These valves are often favored for patients who cannot tolerate long-term anticoagulant medication, particularly the elderly. Over the years, advancements in tissue processing and preservation have enhanced their performance and durability, further strengthening their clinical adoption. Currently, biological valves command approximately 70% of the global market, making them the most widely adopted technology in heart valve replacements.
Decellularized Valve
Decellularized valves are at the forefront of next-generation heart valve technologies. These products are created by removing cellular materials from donor tissues, leaving behind a biological scaffold designed to be repopulated by the recipient’s own cells. This process helps minimize immune rejection and supports tissue regeneration, offering a promising alternative for long-term implantation. Though still emerging in clinical practice, decellularized valves currently represent about 30% of the market, with strong growth potential as research continues and clinical outcomes improve.
Prosthetic Heart Valve Or Artificial Heart Valve Market, Segmentation by End Use
The Prosthetic Heart Valve Or Artificial Heart Valve Market has been segmented by End Use into Hospitals, Ambulatory Surgical Centres, Speciality Clinics, and Others.
Hospitals
Hospitals continue to dominate the prosthetic heart valve market, accounting for a significant share due to their well-established infrastructure for complex cardiac surgeries. Equipped with state-of-the-art operating rooms and intensive care units, hospitals provide the necessary environment for both open-heart and minimally invasive valve replacement procedures. As a result, this segment holds around 60% of the market, driven by increasing surgical volumes and advancements in surgical techniques, along with improved patient outcomes.
Ambulatory Surgical Centres
Ambulatory surgical centers (ASCs) are increasingly emerging as key players in the heart valve market, particularly for less invasive valve replacement procedures. These centers provide a more cost-effective alternative to traditional hospital settings, offering quicker recovery times and reduced hospital stays. The growing trend of outpatient cardiac care and the rise of transcatheter procedures have significantly boosted ASC adoption. This segment currently represents approximately 20% of the market, with further growth anticipated as outpatient procedures become more common.
Specialty Clinics
Specialty clinics, particularly those focused on cardiology, play an integral role in the early diagnosis, monitoring, and management of heart valve conditions. Although these clinics typically do not perform complex surgeries, they are vital in offering personalized care, pre-operative consultations, and post-operative follow-up for patients. Their contribution to the market is growing, and they currently hold about 10% of the market share. This growth is expected to continue as the demand for specialized cardiac care increases globally.
Others
The "Others" category encompasses a range of settings, including rehabilitation centers, academic institutions, and research facilities. While they currently represent a smaller portion of the overall market—about 10%—their importance is significant in terms of product innovation, training, and clinical trials. These institutions help drive long-term market growth by contributing to technological advancements and improving healthcare outcomes through ongoing research and development.
Prosthetic Heart Valve Or Artificial Heart Valve Market, Segmentation by Geography
In this report, the Prosthetic Heart Valve Or Artificial Heart Valve Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Prosthetic Heart Valve Or Artificial Heart Valve Market Share (%), by Geographical Region
North America
North America holds the largest share in the prosthetic heart valve market, driven by a combination of factors such as a high incidence of cardiovascular diseases, an aging population, and advanced healthcare infrastructure. The United States, in particular, leads the market due to its state-of-the-art medical facilities, the presence of leading manufacturers, and the widespread adoption of cutting-edge treatments like transcatheter heart valves. North America currently represents around 40% of the global market, with continued growth expected as demand for minimally invasive valve replacement procedures increases.
Europe
Europe remains a major player in the prosthetic heart valve market, benefiting from robust healthcare systems, advanced medical research, and high adoption rates of heart valve replacement technologies. The region's strong medical infrastructure, particularly in countries like Germany, the UK, and France, fosters significant growth in the adoption of both biological and transcatheter heart valves. Europe contributes about 30% to the global market, with further expansion anticipated due to innovation in valve design, ongoing clinical advancements, and increasing procedural volumes.
Asia Pacific
The Asia Pacific region is witnessing rapid expansion in the prosthetic heart valve market, primarily driven by improvements in healthcare infrastructure, a growing elderly population, and increasing awareness about heart valve diseases. Nations such as China, India, and Japan are becoming key contributors to the market, as access to advanced medical treatments continues to rise. The Asia Pacific market currently holds about 20% of the global share, with projections indicating accelerated growth as healthcare standards continue to improve, and more patients seek innovative heart valve treatments.
Middle East & Africa
The Middle East and Africa (MEA) region is emerging as a growing market for prosthetic heart valves, as healthcare investments increase, particularly in countries like Saudi Arabia and the UAE. Though the market is still in its early stages compared to other regions, rising awareness of heart valve diseases, improvements in diagnostic techniques, and advancements in surgical procedures are contributing to steady growth. MEA currently holds approximately 5% of the global market, with significant potential for expansion as healthcare systems continue to evolve and access to advanced medical devices increases.
Latin America
Latin America is another key region experiencing growth in the prosthetic heart valve market, with countries such as Brazil, Mexico, and Argentina at the forefront of adoption. The increasing availability of healthcare services, coupled with a growing elderly population, is driving demand for both biological and mechanical heart valves. Latin America currently represents about 5% of the global market, and continued growth is expected as healthcare access improves, and more advanced valve technologies become available to a broader segment of the population.
Prosthetic Heart Valve Or Artificial Heart Valve Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Prosthetic Heart Valve Or Artificial Heart Valve Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Cardiovascular Disease Prevalence
- Advancements in Medical Technology
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Aging Population Demands - The steadily increasing aging population is a critical driver for the growth of the prosthetic heart valve or artificial heart valve market. As individuals age, the likelihood of developing valvular heart diseases such as aortic stenosis and mitral regurgitation rises significantly. These conditions often require valve replacement procedures to restore proper cardiac function and improve overall health outcomes. With a growing number of elderly individuals, particularly in regions like North America, Europe, and Asia, the demand for prosthetic heart valves continues to escalate.
Degenerative heart valve conditions are especially prevalent in older adults due to the natural deterioration of the heart's structures over time. As a result, more elderly patients are being diagnosed and require intervention. The advancement of minimally invasive techniques, including transcatheter aortic valve replacement (TAVR), has made it possible to treat high-risk and elderly individuals who may not tolerate open-heart surgery. These less invasive solutions are making heart valve replacement procedures safer and more accessible, which is a key factor driving market growth.
There is also a growing emphasis on enhancing life expectancy and quality of life among older adults. Many are now choosing treatments that can help preserve their mobility, independence, and overall well-being. With greater awareness and improved access to healthcare, early diagnosis and intervention are becoming more common, thereby increasing the demand for artificial heart valves as part of effective cardiac care strategies for seniors.
In response to this demographic trend, manufacturers and healthcare providers are focusing on developing age-appropriate devices, expanding specialized cardiac care facilities, and offering targeted geriatric healthcare services. This alignment with the needs of the aging population is expected to support the continuous growth of the prosthetic heart valve market, driven by innovation, increasing procedure volumes, and the expanding global elderly population.
Restraints:
- High Procedure and Device Costs
- Complication Risks and Reoperations
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Regulatory Approval Hurdles - Continue to be a major restraint in the growth of the prosthetic heart valve or artificial heart valve market. Due to the life-critical nature of these devices, regulatory authorities such as the U.S. FDA, European Medicines Agency (EMA), and other international bodies enforce rigorous testing standards and lengthy approval processes. These include comprehensive preclinical trials, multi-phase clinical evaluations, and long-term studies to demonstrate safety and efficacy. While these measures are vital for patient protection, they result in prolonged development timelines and high costs for manufacturers.
For companies in this space, meeting these complex requirements demands significant investments in research, documentation, and regulatory compliance. Even after securing market approval, manufacturers must engage in ongoing post-market surveillance and meet updated safety regulations to maintain their status. These continuous obligations often increase operational costs and slow down the pace of product innovation. Smaller firms, in particular, may struggle to navigate these financial and procedural demands, limiting their ability to compete or launch new devices.
In addition, the presence of inconsistent regulatory standards across regions further complicates global commercialization. A valve device approved in one country may require entirely different testing or documentation to gain approval in another. These regional variations slow down international product rollouts and add to the overall burden of market entry. In some cases, manufacturers may opt out of certain markets altogether due to the resource-intensive nature of compliance, thereby limiting patient access to advanced valve technologies.
The evolving nature of global regulations also creates uncertainty. Frequent changes in compliance protocols, new performance benchmarks, and stricter documentation rules force companies to continuously revise their development strategies. This shifting landscape increases financial risk and can lead to delays in innovation. While regulatory systems are designed to ensure device safety and reliability, they remain a critical challenge to timely market expansion and accessibility in the prosthetic heart valve sector.
Opportunities:
- Emerging Market Expansion
- Minimally Invasive Procedure Innovations
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Enhanced Durability and Biocompatibility Focus - The growing emphasis on enhanced durability and biocompatibility is creating strong opportunities in the prosthetic heart valve or artificial heart valve market. As demand rises for safer, longer-lasting valve replacements, manufacturers are focusing on materials and designs that reduce the risk of structural deterioration, calcification, and immune rejection. These advancements aim to offer patients greater reliability and extend the functional lifespan of valves, addressing limitations associated with older-generation devices.
Cutting-edge developments in biomaterials have enabled the production of valves that mimic the natural flexibility and function of heart tissue. The integration of anti-calcification coatings, tissue-engineered constructs, and hybrid polymers is improving hemodynamic performance while significantly reducing the risk of thrombosis and inflammation. These improvements are especially important for younger patients or those needing long-term solutions, as they reduce the likelihood of device failure or repeat interventions.
The adoption of minimally invasive procedures such as transcatheter aortic valve replacement (TAVR) has also heightened the need for valves that deliver both durability and biological compatibility. In these procedures, the valve must endure stress from catheter delivery systems while maintaining structural integrity and optimal function. Advanced materials ensure consistent performance and are expanding treatment options for patients previously considered high-risk for surgery.
Collaborations between clinicians, engineers, and material scientists are accelerating the development and market entry of next-generation prosthetic valves. These innovations are not only improving treatment outcomes but also enhancing patient quality of life. The continuous focus on refining durability and biocompatibility is expected to shape future product development, driving sustainable growth and opening new avenues for technological advancement in the prosthetic heart valve industry.
Prosthetic Heart Valve Or Artificial Heart Valve Market Competitive Landscape Analysis
Key players in Prosthetic Heart Valve Or Artificial Heart Valve Market include:
- Edwards Lifesciences Corporation
- Medtronic plc
- Abbott Laboratories
- Boston Scientific Corporation
- LivaNova PLC
- CryoLife Inc.
- Micro Interventional Devices Inc.
- Braile Biomédica
- JenaValve Technology, Inc.
- Colibri Heart Valve, LLC
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Product
- Market Snapshot, By Technology
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Prosthetic Heart Valve Or Artificial Heart Valve Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Cardiovascular Disease Prevalence
- Advancements in Medical Technology
- Aging Population Demands
- Restraints
- High Procedure and Device Costs
- Complication Risks and Reoperations
- Regulatory Approval Hurdles
- Opportunities
- Emerging Market Expansion
- Minimally Invasive Procedure Innovations
- Enhanced Durability and Biocompatibility Focus
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Prosthetic Heart Valve Or Artificial Heart Valve Market, By Type, 2021 - 2031 (USD Million)
- Transcatheter Heart Valve
- Tissue Heart Valve
- Mechanical Heart Valve
- Prosthetic Heart Valve Or Artificial Heart Valve Market, By Product, 2021 - 2031 (USD Million)
- Repair Products
- Mitral Valve Repair Devices
- Tricuspid Valve Repair Devices
- Prosthetic Heart Valve Or Artificial Heart Valve Market, By Technology, 2021 - 2031 (USD Million)
- Biological valve
- Decellularized valve
- Prosthetic Heart Valve Or Artificial Heart Valve Market, By End Use, 2021 - 2031 (USD Million)
- Hospitals, Ambulatory Surgical Centres,
- Speciality Clinics
- Others
- Prosthetic Heart Valve Or Artificial Heart Valve Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Prosthetic Heart Valve Or Artificial Heart Valve Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Edwards Lifesciences Corporation
- Medtronic plc
- Abbott Laboratories
- Boston Scientific Corporation
- LivaNova PLC
- CryoLife Inc.
- Micro Interventional Devices Inc.
- Braile Biomédica
- JenaValve Technology, Inc.
- Colibri Heart Valve, LLC
- Company Profiles
- Analyst Views
- Future Outlook of the Market