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 Valve

By Product;

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

By Technology;

Biological Valve and Decellularized Valve

By End Use;

Hospitals, Ambulatory Surgical Centres, Speciality Clinics, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn943569854 Published Date: May, 2025 Updated Date: June, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)12.0 %
Market Size (2024)USD 10,365.04 Million
Market Size (2031)USD 22,913.81 Million
Market ConcentrationLow
Report Pages399
10,365.04
2024
22,913.81
2031

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.

  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
    3. Market Snapshot, By Technology
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Prosthetic Heart Valve Or Artificial Heart Valve Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Cardiovascular Disease Prevalence
        2. Advancements in Medical Technology
        3. Aging Population Demands
      2. Restraints
        1. High Procedure and Device Costs
        2. Complication Risks and Reoperations
        3. Regulatory Approval Hurdles
      3. Opportunities
        1. Emerging Market Expansion
        2. Minimally Invasive Procedure Innovations
        3. Enhanced Durability and Biocompatibility Focus
    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 Or Artificial Heart Valve Market, By Type, 2021 - 2031 (USD Million)
      1. Transcatheter Heart Valve
      2. Tissue Heart Valve
      3. Mechanical Heart Valve
    2. Prosthetic Heart Valve Or Artificial Heart Valve Market, By Product, 2021 - 2031 (USD Million)
      1. Repair Products
      2. Mitral Valve Repair Devices
      3. Tricuspid Valve Repair Devices
    3. Prosthetic Heart Valve Or Artificial Heart Valve Market, By Technology, 2021 - 2031 (USD Million)
      1. Biological valve
      2. Decellularized valve
    4. Prosthetic Heart Valve Or Artificial Heart Valve Market, By End Use, 2021 - 2031 (USD Million)
      1. Hospitals, Ambulatory Surgical Centres,
      2. Speciality Clinics
      3. Others
    5. Prosthetic Heart Valve Or Artificial Heart Valve 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. Micro Interventional Devices Inc.
      8. Braile Biomédica
      9. JenaValve Technology, Inc.
      10. Colibri Heart Valve, LLC
  7. Analyst Views
  8. Future Outlook of the Market