Prosthetic heart valves are used to patients who are suffering from the heart valve diseases. Prosthetic heart valves are artificially made, these are made from bovine source or tissue engineering methods. In few cases the heart valves are transplanted from another person. Heart valve replacement can be done through open heart surgery and port access or angioplasty procedures.
MARKET DYNAMICS
The prosthetic heart valves market is anticipated to grow significantly during the forecast period owing to key factors such as rising congenital valve diseases, growing geriatric population and rising approvals for the cardiovascular diseases. The rising technological developments in the field of cardiovascular sector and rising awareness about the congenial heart diseases are likely to create growth opportunities during the forecast period.
MARKET SCOPE
The "Global Prosthetic Heart Valves Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of prosthetic heart valves market with detailed market segmentation by product, end user and geography. The global prosthetic heart valves market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading prosthetic heart valves market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global prosthetic heart valves market is segmented on the basis of product, and end user. Based on product the market is segmented into mechanical heart valves, transcatheter heart valves, and tissue heart valves. Based on end user the market is segmented into hospitals, ambulatory surgical centers, and cardiac centers.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global prosthetic heart valves market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The prosthetic heart valves market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting prosthetic heart valves market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the prosthetic heart valves market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global prosthetic heart valves market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The prosthetic heart valves market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting prosthetic heart valves market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the prosthetic heart valves market in these regions.
MARKET PLAYERS
The reports cover key developments in the prosthetic heart valves market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from prosthetic heart valves market are anticipated to lucrative growth opportunities in the future with the rising demand for prosthetic heart valves market in the global market. Below mentioned is the list of few companies engaged in the prosthetic heart valves market.
The report also includes the profiles of prosthetic heart valves market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Edwards Lifesciences Corporation.
- Medtronic
- Boston Scientific Corporation
- Abbott
- LivaNova Plc
- CryoLife, Inc.
- JenaValve Technology, Inc.
- Sorin Group
- Colibri Heart Valve
- Lepu Medical Technology Co., Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Prosthetic Heart Valves Market - By Product
1.3.2 Prosthetic Heart Valves Market - By End User
1.3.3 Prosthetic Heart Valves Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PROSTHETIC HEART VALVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PROSTHETIC HEART VALVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PROSTHETIC HEART VALVES MARKET - GLOBAL MARKET ANALYSIS
6.1. PROSTHETIC HEART VALVES - GLOBAL MARKET OVERVIEW
6.2. PROSTHETIC HEART VALVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROSTHETIC HEART VALVES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MECHANICAL HEART VALVES
7.3.1. Overview
7.3.2. Mechanical Heart Valves Market Forecast and Analysis
7.4. TRANSCATHETER HEART VALVES
7.4.1. Overview
7.4.2. Transcatheter Heart Valves Market Forecast and Analysis
7.5. TISSUE HEART VALVES
7.5.1. Overview
7.5.2. Tissue Heart Valves Market Forecast and Analysis
7.5.3. Stented Tissue Valves Market
7.5.3.1. Overview
7.5.3.2. Stented Tissue Valves Market Forecast and Analysis
7.5.4. Stentless Tissue Valves Market
7.5.4.1. Overview
7.5.4.2. Stentless Tissue Valves Market Forecast and Analysis
7.5.5. Tissue Engineered Valves Market
7.5.5.1. Overview
7.5.5.2. Tissue Engineered Valves Market Forecast and Analysis
7.5.6. Homo or Heterograft Valves Market
7.5.6.1. Overview
7.5.6.2. Homo or Heterograft Valves Market Forecast and Analysis
8. PROSTHETIC HEART VALVES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.5. CARDIAC CENTERS
8.5.1. Overview
8.5.2. Cardiac Centers Market Forecast and Analysis
9. PROSTHETIC HEART VALVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Prosthetic Heart Valves Market Overview
9.1.2 North America Prosthetic Heart Valves Market Forecasts and Analysis
9.1.3 North America Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.1.4 North America Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.1.5 North America Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.1.5.1 United States Prosthetic Heart Valves Market
9.1.5.1.1 United States Prosthetic Heart Valves Market by Product
9.1.5.1.2 United States Prosthetic Heart Valves Market by End User
9.1.5.2 Canada Prosthetic Heart Valves Market
9.1.5.2.1 Canada Prosthetic Heart Valves Market by Product
9.1.5.2.2 Canada Prosthetic Heart Valves Market by End User
9.1.5.3 Mexico Prosthetic Heart Valves Market
9.1.5.3.1 Mexico Prosthetic Heart Valves Market by Product
9.1.5.3.2 Mexico Prosthetic Heart Valves Market by End User
9.2. EUROPE
9.2.1 Europe Prosthetic Heart Valves Market Overview
9.2.2 Europe Prosthetic Heart Valves Market Forecasts and Analysis
9.2.3 Europe Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.2.4 Europe Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.2.5 Europe Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Prosthetic Heart Valves Market
9.2.5.1.1 Germany Prosthetic Heart Valves Market by Product
9.2.5.1.2 Germany Prosthetic Heart Valves Market by End User
9.2.5.2 France Prosthetic Heart Valves Market
9.2.5.2.1 France Prosthetic Heart Valves Market by Product
9.2.5.2.2 France Prosthetic Heart Valves Market by End User
9.2.5.3 Italy Prosthetic Heart Valves Market
9.2.5.3.1 Italy Prosthetic Heart Valves Market by Product
9.2.5.3.2 Italy Prosthetic Heart Valves Market by End User
9.2.5.4 Spain Prosthetic Heart Valves Market
9.2.5.4.1 Spain Prosthetic Heart Valves Market by Product
9.2.5.4.2 Spain Prosthetic Heart Valves Market by End User
9.2.5.5 United Kingdom Prosthetic Heart Valves Market
9.2.5.5.1 United Kingdom Prosthetic Heart Valves Market by Product
9.2.5.5.2 United Kingdom Prosthetic Heart Valves Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Prosthetic Heart Valves Market Overview
9.3.2 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis
9.3.3 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Prosthetic Heart Valves Market
9.3.5.1.1 Australia Prosthetic Heart Valves Market by Product
9.3.5.1.2 Australia Prosthetic Heart Valves Market by End User
9.3.5.2 China Prosthetic Heart Valves Market
9.3.5.2.1 China Prosthetic Heart Valves Market by Product
9.3.5.2.2 China Prosthetic Heart Valves Market by End User
9.3.5.3 India Prosthetic Heart Valves Market
9.3.5.3.1 India Prosthetic Heart Valves Market by Product
9.3.5.3.2 India Prosthetic Heart Valves Market by End User
9.3.5.4 Japan Prosthetic Heart Valves Market
9.3.5.4.1 Japan Prosthetic Heart Valves Market by Product
9.3.5.4.2 Japan Prosthetic Heart Valves Market by End User
9.3.5.5 South Korea Prosthetic Heart Valves Market
9.3.5.5.1 South Korea Prosthetic Heart Valves Market by Product
9.3.5.5.2 South Korea Prosthetic Heart Valves Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Prosthetic Heart Valves Market Overview
9.4.2 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis
9.4.3 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Prosthetic Heart Valves Market
9.4.5.1.1 South Africa Prosthetic Heart Valves Market by Product
9.4.5.1.2 South Africa Prosthetic Heart Valves Market by End User
9.4.5.2 Saudi Arabia Prosthetic Heart Valves Market
9.4.5.2.1 Saudi Arabia Prosthetic Heart Valves Market by Product
9.4.5.2.2 Saudi Arabia Prosthetic Heart Valves Market by End User
9.4.5.3 U.A.E Prosthetic Heart Valves Market
9.4.5.3.1 U.A.E Prosthetic Heart Valves Market by Product
9.4.5.3.2 U.A.E Prosthetic Heart Valves Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Prosthetic Heart Valves Market Overview
9.5.2 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis
9.5.3 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis - By Product
9.5.4 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis - By End User
9.5.5 South and Central America Prosthetic Heart Valves Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Prosthetic Heart Valves Market
9.5.5.1.1 Brazil Prosthetic Heart Valves Market by Product
9.5.5.1.2 Brazil Prosthetic Heart Valves Market by End User
9.5.5.2 Argentina Prosthetic Heart Valves Market
9.5.5.2.1 Argentina Prosthetic Heart Valves Market by Product
9.5.5.2.2 Argentina Prosthetic Heart Valves Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PROSTHETIC HEART VALVES MARKET, KEY COMPANY PROFILES
11.1. EDWARDS LIFESCIENCES CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MEDTRONIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON SCIENTIFIC CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ABBOTT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LIVANOVA PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CRYOLIFE, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JENAVALVE TECHNOLOGY, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SORIN GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. COLIBRI HEART VALVE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LEPU MEDICAL TECHNOLOGY CO., LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Edwards Lifesciences Corporation.
2. Medtronic
3. Boston Scientific Corporation
4. Abbott
5. LivaNova Plc
6. CryoLife, Inc.
7. JenaValve Technology, Inc.
8. Sorin Group
9. Colibri Heart Valve
10. Lepu Medical Technology Co., Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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