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 and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn943569854 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Prosthetic Heart Valve Or Artificial Heart Valve Market (USD Million), 2021 - 2031

In the year 2024, the Global Prosthetic Heart Valve Or Artificial Heart Valve Market was valued at USD 10,365.04 million. 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%.

The global prosthetic heart valve or artificial heart valve market is experiencing significant growth, driven by the increasing prevalence of cardiovascular diseases and advancements in medical technology. Prosthetic heart valves are crucial in the treatment of various heart valve disorders, including aortic stenosis and mitral regurgitation, which can lead to serious complications if left untreated. As the aging population grows and lifestyle factors contribute to the rise in cardiovascular diseases, the demand for effective heart valve replacement solutions continues to escalate. This trend is particularly pronounced in developed regions with well-established healthcare infrastructure.

Technological innovation is a key factor propelling market expansion. Advances in transcatheter heart valve replacement (TAVR) procedures have revolutionized the treatment landscape, offering minimally invasive alternatives to traditional open-heart surgery. These advancements have expanded treatment options for patients who may not be suitable candidates for surgery due to age or comorbidities. Additionally, ongoing research and development efforts are focused on enhancing the durability, biocompatibility, and performance of prosthetic heart valves to improve patient outcomes and reduce the need for repeat procedures.

Geographically, North America and Europe dominate the prosthetic heart valve market, owing to high healthcare expenditure, favorable reimbursement policies, and a large patient base. However, the Asia-Pacific region is emerging as a significant growth area, driven by increasing healthcare awareness, improving healthcare infrastructure, and a rising incidence of cardiovascular diseases. Market players are actively expanding their presence in these regions through strategic partnerships and product launches. Overall, the global prosthetic heart valve market is poised for continued growth, fueled by technological advancements, increasing demand for minimally invasive procedures, and the growing prevalence of cardiovascular diseases worldwide.

  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. Global 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. Global 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. Global 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. Global Prosthetic Heart Valve Or Artificial Heart Valve Market, By Technology, 2021 - 2031 (USD Million)
      1. Biological valve
      2. Decellularized valve
      3. Global Prosthetic Heart Valve Or Artificial Heart Valve Market, By End Use, 2021 - 2031 (USD Million)
      4. Hospitals, Ambulatory Surgical Centres,
      5. Speciality Clinics
      6. Others
    4. Global 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
    5. Global Prosthetic Heart Valve Or Artificial Heart Valve Market, By Technology, 2021 - 2031 (USD Million)
      1. Biological valve
      2. Decellularized valve
    6. Global Prosthetic Heart Valve Or Artificial Heart Valve Market, By End Use, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centres
      3. Speciality Clinics
      4. Others
    7. Global 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