Bovine Pericardial Valve Market Detailed Analysis Forecast 2027

Bovine Pericardial Valve Market Forecast to 2027 - Covid-19 Impact and Global Analysis - By Valve Type (Aortic, Mitral, Others); Alloy (Cobalt-chrome, Titanium, Nickel Molybdenum, Others); End User (Hospitals, Cardiac Centers, Ambulatory Surgical Centers) and Geography

  • Report Code : TIPRE00008677
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 192
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The global bovine pericardial valvemarket is expected to reach US$ 4,134.40 million in 2027 from US$ 1,959.71million in 2019; it is estimated to grow at a CAGR of 9.9% from 2020 to 2027. 

Bovine pericardial valves, also known as bioprosthetic valves, are used as bioprosthetic heart valves, duralclosures, bone and dental membranes, and surgical buttress. The valves are madefrom collagen and metallic materials or alloys, which provides strength andelasticity.Increasingincidence of cardiovascular diseases (CVDs) and congenital heart diseases (CHDs),and advantages of tissue-based heart valves over mechanical valves are themajor factors contributing to the growth of the global bovine pericardial valvemarket. However, the market growth is restrained by the limitations associatedwith the tissue-based valves.

Lucrative Regional Markets for Bovine Pericardial Valves

Lucrative Regional Markets for Bovine Pericardial Valves

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Bovine Pericardial Valve Market: Strategic Insights

bovine-pericardial-valve-market
Market Size Value inUS$ 1,959.71Million in 2019
Market Size Value byUS$ 4,134.40 Million by 2027
Growth rateCAGR of 9.9% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Market Insights

Advantages of Tissue Valves over Mechanical Valves

Tissue valves, also known as bioprosthetic valves or biological valves,are a parent product category of bovine pericardial valves, and they arecomposed of either animal or human tissues. These valves can be used inminimally invasive surgeries and open-heart surgeries. The use of tissue valveseliminates the need for lifelong warfarin therapy to prevent the development ofblood clots, whichis its major advantage over mechanical valves. Moreover, thetissue valves do not require long-term blood thinner therapy; this reduces therisk of stroke or embolism among patients. Moreover, post heart valvereplacement surgery, the tissue-based valves help restore the blood flow, lowerthe risk of bleeding, and allow patients to return to a relatively normallifestyle.

The bioprosthetic valves are an ideal choice for geriatric heartpatients. Elderly people are more vulnerable to the bleeding caused as sideeffects of warfarin therapy. They are also less likely to outlive their newvalves. The tissue-based valves are preferable for patients with decreased lifeexpectancy and high risks of bleeding, such as those suffering from dialysis-dependentkidney diseases. Thus, the advantages of tissue-based bioprosthetic heartvalves, such as bovine pericardial valves, over mechanical valves foster themarket growth.

ValveType-BasedInsights

In 2019, the aortic segment held the largest share of the market basedon valve type; the segment is expected to register the highest CAGR during theforecast period. The market for this segment islikely to witness lucrative growth owing to continuous developments intranscatheter aortic valve implantation procedures, leading to progressivelylarge number of patients undergoing the surgery. Moreover, these surgicalprocedures are now been reimbursed by the Centers of Medicare and Medicaid(CMS) in the US. The expected introduction of such reimbursement policies inother countries in the world would contribute to the growth of the market foraortic valves in other countries in the coming years

Global Bovine Pericardial Valve Market, by Valve Type– 2018 and 2027

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Alloy-BasedInsights

The global bovine pericardial valve market, based on alloy,is segmentedinto cobalt-chrome, titanium, nickel-molybdenum, and others. The cobalt-chromesegment held the largest share of the bovine pericardial valve market in 2019.However, the titanium segment is anticipated to register a significant CAGR during2020–2027

EndUser-Based Insights

The global bovine pericardial valve market, based on end user,is segmentedinto hospitals, cardiac centers, and ambulatory surgical centers. In 2019, thehospitals segment accounted for the largest share of the market. However, thecardiac centers segment is expected register the highest CAGR from 2020 to 2027

Product launches and approvalsare the commonly adopted strategies bycompanies to expand their global footprintsand product portfolios, whichhelpthemmeet the growing consumer demand. Product approvals and launchesareamong the major strategies adopted by the bovine pericardial valvemarketplayersto enlarge their respective customer bases; this also permits them maintaintheir brand name globally

BovinePericardial ValveMarket– ByValve Type

  • Aortic
  • Mitral
  • Others

Bovine Pericardial ValveMarket– By Alloy

  • Cobalt-Chrome
  • Titanium
  • Nickel-Molybdenum
  • Others

Bovine Pericardial ValveMarket– By End User

  • Hospitals
  • Cardiac Centers
  • AmbulatorySurgical Centers

BovinePericardial ValveMarket – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South and Central America

    • Brazil
    • Argentina
    • Rest of South and Central America

CompanyProfiles

  • Medtronic
  • EdwardsLifesciences Corporation
  • BostonScientific Corporation
  • Abbott
  • LivaNova PLC
  • BraileBiomedica
  • Meril LifeSciences Pvt. Ltd.
  • Valcare Medical
  • Labcor
  • AFFLUENTMEDICAL SA
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Bovine Pericardial Valve Market Forecast to 2027 - Covid-19 Impact and Global Analysis - By Valve Type ; Alloy ; End User and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

The List ofCompanies - Bovine Pericardial Valve Market

  1. Medtronic
  2. EdwardsLifesciences Corporation
  3. BostonScientific Corporation
  4. Abbott
  5. LivaNovaPLC
  6. BraileBiomedica
  7. MerilLife Sciences Pvt. Ltd.
  8. ValcareMedical
  9. Labcor
  10. AFFLUENTMEDICAL SA

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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