Bovine Pericardial Valve Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

Bovine Pericardial Valve Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: 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 : Data Released
  • No. of Pages : 150
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The bovine pericardial valve market size is projected to reach US$ 6.08 billion by 2031 from US$ 2.60 billion in 2022. The market is expected to register a CAGR of 9.9% in 2023–2031. Growing Reimbursement for cardiac valve surgeries is likely to remain a key Bovine Pericardial Valve market trend.

Bovine Pericardial Valve Market Analysis

Bovine pericardial valves are widely used in various medical applications, such as bio-prosthetic heart valves, dural closure, bone and dental membranes, and surgical buttressing. The growing number of heart valve interventions is expected to favor the development of new treatments to improve speech.  

Bovine Pericardial Valve Market Overview

The demand for bovine pericardial valves in cardiovascular surgeries such as aortic valve replacement and procedures for congenital heart diseases is rising due to their advantages over mechanical valves. The tissue valves, including bovine pericardium, can be used in minimally invasive surgery and in open-heart surgeries. The major advantage of these valves over mechanical valves is the avoidance of lifelong warfarin therapy to prevent the development of blood clots. Thus, the risk of stroke or embolism is low among patients preferring tissue valves to mechanical heart valves. Moreover, the bioprosthetic valves are an ideal choice for geriatric heart patients as they are more vulnerable to the bleeding side effects of warfarin during valve replacement surgery. Thus, the advantages offered by bovine pericardial bioprosthetic heart valves over mechanical valves are expected to foster the bovine pericardial valves market growth during the forecast period.

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Bovine Pericardial Valve Market: Strategic Insights

Bovine Pericardial Valve Market

  • CAGR (2023 - 2031)
    9.9%
  • Market Size 2022
    US$ 2.60 Billion
  • Market Size 2031
    US$ 6.08 Billion

Market Dynamics

GROWTH DRIVERS
  • Mounting Prevalence of Heart Valve Diseases
FUTURE TRENDS
  • Growing Reimbursement for Cardiac Valve Surgeries
OPPORTUNITIES
  • Expanding Applications in Paediatric and Congenital Heart Diseases

Key Players

  • Edwards Lifesciences
  • Medtronic
  • Boston Scientific
  • Labor Laboratories
  • Meril Life Sciences
  • Abbott
  • Colibri Heart Valve
  • LivaNova PLC
  • Braile Biomedica
  • Affluent Medical SA

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Valve Type
  • Aortic
  • Mitral
  • Others
Alloy
  • Cobalt-chrome
  • Titanium
  • Nickel Molybdenum
  • Others
End User
  • Hospitals
  • Cardiac Centers
  • Ambulatory Surgical Centers
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Bovine Pericardial Valve Market Drivers and Opportunities

Mounting Prevalence of Heart Valve Diseases to Favor Market

The rising number of aortic replacement valve surgeries globally boosts the demand for bovine pericardial valves. According to an article published by the Interdisciplinary CardioVascular and Thoracic Surgery in January 2024, a clinical trial including 148 patients who underwent surgical aortic valve replacement with Cingular bovine pericardial bioprosthesis was analyzed. The 5-year follow-up study concluded that this novel bovine pericardial aortic valve exhibited good safety and hemodynamic outcomes.

Expanding Applications – An Opportunity in Paediatric and Congenital Heart Diseases

Bovine pericardial valves are used in pediatric heart valve replacements and congenital heart defect repairs

.

According to an article published in Springer Link in April 2023, bovine pericardium is a common alternative to autologous pericardium. Bovine pericardium materials, including pericardial patches, exhibit varying durability depending on the implantation site and surgical technique. The positive outcomes of replacement surgeries utilizing bovine pericardial valves are anticipated for the development of specialized valve designs and sizes for children; this is likely to bring future opportunities for the bovine pericardial valve market.

Bovine Pericardial Valve Market Report Segmentation Analysis

Key segments that contributed to deriving the Bovine Pericardial Valve Market analysis are valve type, alloy, and end user.

  • Based on valve type, the bovine pericardial valve market is divided into aortic, mitral, and others. The aortic segment held a larger market share in 2023.
  • By alloy, the market is segmented into cobalt-chrome, titanium, nickel molybdenum, and others. The cobalt-chrome segment held the largest share of the market in 2023.
  • In terms of end-user, the market is segmented into hospitals, cardiac centers, and ambulatory surgical centers. The hospitals segment dominated the market in 2023.

Bovine Pericardial Valve Market Share Analysis by Geography

The geographic scope of the bovine pericardial valve Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the Bovine Pericardial Valve Market. Factors such as the increasing prevalence of cardiovascular disorders, congenital heart defects, and the presence of leading market players in the region propel regional growth. Furthermore, the growing adoption of bioprostheses, such as bovine pericardial valves as an alternative to mechanical valves for heart valve interventions in the region, will further accelerate the North America bovine pericardial valve market growth. The market will likely experience growth opportunities in Canada and Mexico due to growing medical tourism and an increasing number of hospitals. Asia Pacific is likely to register the highest CAGR in the coming years.  

Bovine Pericardial Valve Market Report Scope

Report Attribute Details
Market size in 2022 US$ 2.60 Billion
Market Size by 2031 US$ 6.08 Billion
Global CAGR (2023 - 2031) 9.9%
Historical Data 2021-2022
Forecast period 2023-2031
Segments Covered By Valve Type
  • Aortic
  • Mitral
  • Others
By Alloy
  • Cobalt-chrome
  • Titanium
  • Nickel Molybdenum
  • Others
By End User
  • Hospitals
  • Cardiac Centers
  • Ambulatory Surgical Centers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Edwards Lifesciences
  • Medtronic
  • Boston Scientific
  • Labor Laboratories
  • Meril Life Sciences
  • Abbott
  • Colibri Heart Valve
  • LivaNova PLC
  • Braile Biomedica
  • Affluent Medical SA
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Bovine Pericardial Valve Market News and Recent Developments

    The Bovine Pericardial Valve Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for bovine pericardial valves:

    • Medtronic launched the Avalus Ultra valve, designed to facilitate ease of use at implant and lifetime patient management. The product is a next-generation surgical aortic tissue valve that features a polyetheretherketone (PEEK) base frame for consistent circularity, an industry-leading Effective Orifice Area (EOA) that allows for greater blood flow and a radiopaque coil for clear visibility for future valve-in-valve procedures (Source: Medtronic, Press Release, 2024)
    • Edwards Lifesciences Corporation launched the SAPIEN 3 Ultra RESILIA valve, which incorporates the company's RESILIA tissue technology with the SAPIEN 3 Ultra transcatheter aortic heart valve. RESILIA tissue is a bovine pericardial tissue treated with advanced anti-calcification technology. It serves as the platform for new valves, including the next-generation SAPIEN X4 valve undergoing clinical trials. (Source: Edwards Lifesciences, Company Website, 2022)

    Bovine Pericardial Valve Market Report Coverage and Deliverables

    The “Bovine Pericardial Valve Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles
    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 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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