Prosthetic Heart Valve Market - Global Industry Insights, and Opportunity Analysis, 2024
On the basis of product type, the global prosthetic heart valve market can be segmented into mechanical heart valves, transcatheter heart valves, and tissue heart valves. Tissue heart valves are harvested from pig heart valves and cow heart sac. The life of a tissue valve is 10 to 15 years. Tissue heart valves is further classified into stented tissue valve, stentless tissue valve, tissue-engineered valves, homograft valves, and heterograft valves. Aortic valves and mechanical mitral valves are the two types of mechanical heart valves.
On the basis of product type, the global prosthetic heart valve market can be segmented into mechanical heart valves, transcatheter heart valves, and tissue heart valves. Tissue heart valves are harvested from pig heart valves and cow heart sac. The life of a tissue valve is 10 to 15 years. Tissue heart valves is further classified into stented tissue valve, stentless tissue valve, tissue-engineered valves, homograft valves, and heterograft valves. Aortic valves and mechanical mitral valves are the two types of mechanical heart valves.
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<strong>Prosthetic</strong> <strong>Heart</strong> <strong>Valve</strong> <strong>Market</strong> -<br />
GLOBAL INDUSTRY INSIGHTS, TRENDS,<br />
OUTLOOK, AND OPPORTUNITY ANALYSIS, 2016-<br />
<strong>2024</strong><br />
© Coherent market <strong>Insights</strong>. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Prosthetic</strong> <strong>Heart</strong> <strong>Valve</strong> <strong>Market</strong> – Overview<br />
<strong>Prosthetic</strong> (artificial) heart valve refers to a device implanted in the heart of a patient suffering from valvular heart<br />
disease. A cardiac surgery is performed to replace the abnormal heart valve with a prosthetic heart valve.<br />
Replacement of a diseased valve with a prosthetic heart valve results in reduction in morbidity <strong>and</strong> mortality<br />
associated with the cardiac valve disorder. When the treatment of heart valve disease reaches a stage where it does<br />
not provide relief to the patient, then surgery recommended as the best alternative to repair or replace the valve. In<br />
case of a valve replacement surgery, carbon based mechanical valves <strong>and</strong> biological tissue valve are the types of<br />
valves that can be selected based on the condition. Advancements in technology <strong>and</strong> increasing prevalence of<br />
heart valve diseases are some major factors projected to drive growth of the prosthetic heart valve market in the<br />
near future.<br />
On the basis of product type, the global prosthetic heart valve market can be segmented into mechanical heart<br />
valves, transcatheter heart valves, <strong>and</strong> tissue heart valves. Tissue heart valves are harvested from pig heart valves<br />
<strong>and</strong> cow heart sac. The life of a tissue valve is 10 to 15 years. Tissue heart valves is further classified into stented<br />
tissue valve, stentless tissue valve, tissue-engineered valves, homograft valves, <strong>and</strong> heterograft valves. Aortic<br />
valves <strong>and</strong> mechanical mitral valves are the two types of mechanical heart valves.<br />
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REPORT DESCRIPTION<br />
<strong>Prosthetic</strong> <strong>Heart</strong> <strong>Valve</strong> <strong>Market</strong>:<br />
Developed Nations Current Hubs, while Low <strong>and</strong> Middle Income Countries to emerge as Major<br />
<strong>Market</strong>s<br />
Increasing prevalence of heart diseases, technological advancements, government funding, robust<br />
healthcare infrastructure, <strong>and</strong> rise in healthcare expenditure in the U.S. are major factors projected to<br />
propel growth of the prosthetic heart valve industry in this region. According to Centers for Diseases<br />
Control <strong>and</strong> Prevention (CDC) about 610,000 people die due to heart diseases in U.S. every year. The<br />
growth of prosthetic heart valve market size in Asia is expected to be high in the near future due to<br />
increasing incidence of various chronic diseases <strong>and</strong> improving healthcare infrastructure in this region.<br />
According to a study published in the Lancet—a U.K.-based medical journal—the number of people<br />
affected by high blood pressure has almost doubled over past 40 years (from 1975 to 2015).<br />
Advancements in technology, increasing aging population, <strong>and</strong> significant rise in prevalence of heart<br />
valve disorder are some factors that are expected to drive growth of the prosthetic heart valve industry in<br />
the near future. However, factors such as high costs of development, stringent government regulations,<br />
reimbursement issues, <strong>and</strong> lack of trained professionals are inhibiting growth of the prosthetic heart valve<br />
market to certain extent.<br />
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REPORT DESCRIPTION<br />
<strong>Prosthetic</strong> <strong>Heart</strong> <strong>Valve</strong> <strong>Market</strong>: Key Players<br />
Major players involved in the global prosthetic heart valve market include:<br />
●<br />
Boston Scientific Corporation<br />
●<br />
St. Jude Medical, Inc.<br />
●<br />
Sorin S.P.A<br />
●<br />
Abbott Laboratories<br />
●<br />
Claret Medical, Inc.<br />
●<br />
AorTech<br />
●<br />
Edwards Lifesciences Corporation<br />
●<br />
Neovasc Inc.<br />
●<br />
Jena<strong>Valve</strong> Technology.<br />
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