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
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Bovine Pericardial Valve Market: Strategic Insights
Market Size Value in US$ 1,959.71Million in 2019 Market Size Value by US$ 4,134.40 Million by 2027 Growth rate CAGR of 9.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Bovine Pericardial Valve Market: Strategic Insights
Market Size Value in | US$ 1,959.71Million in 2019 |
Market Size Value by | US$ 4,134.40 Million by 2027 |
Growth rate | CAGR of 9.9% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
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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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
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