Aortic Valve Market Research Report - Global Forecast till 2027

Global Aortic Valve Market: Information by Valve Type (Mechanical and Biological), Suture Type (Suture and Sutureless), Surgery Type (Minimally Invasive Surgery (Transfemoral, Transaortic Implantation, Transapical, and Trans-subclavian) and Open surgery), End-User (Hospitals, Ambulatory Surgery Centers) and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Forecast till 2027

ID: MRFR/HC/7160-HCR | August 2022 | Region: Global | 90 Pages         

Table of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Aortic Valve Market, by Valve Type

1.1.2. Global Aortic Valve Market, by Type

1.1.3. Global Aortic Valve Market, by End User

1.1.4. Global Aortic Valve Market, by Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Data Mining

3.3. Secondary Research

3.4. Primary Research

3.4.1. Breakdown of Primary Respondents

3.5. Forecasting Techniques

3.6. Research Methodology for Market Size Estimation

3.6.1. Bottom-Up Approach

3.6.2. Top-Down Approach

3.7. Data Triangulation

3.8. Validation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.2.1. R&D and Designing

5.2.2. Manufacturing

5.2.3. Distribution & Sales

5.2.4. Post Sales Services

6. GLOBAL AORTIC VALVE MARKET, BY VALVE TYPE

6.1. Overview

6.2. Mechanical

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3. Biological

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7. GLOBAL AORTIC VALVE MARKET, BY TYPE

7.1. Overview

7.2. Suture

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3. Sutureless

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8. GLOBAL AORTIC VALVE MARKET, BY SURGERY TYPE

8.1. Overview

8.2. Minimally invasive surgeries

8.2.1. Transfemoral

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.2.2. Transaortic Implantation

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.2.3. Transapical

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.2.4. Trans-subclavian

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3. Open surgery

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9. GLOBAL AORTIC VALVE MARKET, BY END USER

9.1. Overview

9.2. Hospitals

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.3. Ambulatory Surgery Centers

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

9.4. Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

10. GLOBAL AORTIC VALVE MARKET, BY REGION

10.1. Overview

10.2. Americas

10.2.1. North America

10.2.1.1. US

10.2.1.2. Canada

10.2.2. Latin America

10.3. Europe

10.3.1. Western Europe

10.3.1.1. Germany

10.3.1.2. France

10.3.1.3. Italy

10.3.1.4. Spain

10.3.1.5. UK

10.3.1.6. Rest of Western Europe

10.3.2. Eastern Europe

10.4. Asia-Pacific

10.4.1. Japan

10.4.2. China

10.4.3. India

10.4.4. Australia

10.4.5. South Korea

10.4.6. Rest of Asia-Pacific

10.5. Middle East & Africa

10.5.1. Middle East

10.5.2. Africa

11. COMPANY LANDSCAPE

11.1. Overview

11.2. Competitor Dashboard

11.3. Major Growth Strategy in the Global Aortic Valve Market

11.4. Competitive Benchmarking

11.5. The Leading Player in terms of Number of Developments in the Global Aortic Valve Market

11.6. Key Developments & Growth Strategies

11.6.1. New Product Type Launch/Service Deployment

11.6.2. Merger & Acquisition

11.6.3. Joint Ventures

11.7. Major Players Financial Matrix & Market Ratio

11.7.1. Sales & Operating Income 2020

11.7.2. Major Players R&D Expenditure 2020

12. COMPANY PROFILES

12.1. Boston Scientific Corporation

12.1.1. Company Overview

12.1.2. Product Types/Services Offered

12.1.3. Financial Overview

12.1.4. Key Developments

12.1.5. SWOT Analysis

12.1.6. Key Strategies

12.2. Medtronic

12.3. Abbott laboratories

12.4. LivaNova PLC

12.5. Edwards Lifesciences Corporation

12.6. CryoLife

12.7. Biotronik

12.8. Colibri Heart Valve

12.9. JenaValve

12.10. TTK HealthCare

12.11. Others

13. APPENDIX

13.1. References

13.2. Related Reports

NOTE:

This table of content is tentative and subject to change as the research progresses.

 In section 11, only the top 10 companies will be profiled. Each company will be profiled based on the Market Overview, Financials, Product Type Portfolio, Business Strategies, and Recent Developments parameters.

 Please note: The financial details of the company cannot be provided if the information is not available in the public domain and or from reliable sources.

LIST OF TABLES

TABLE 1 GLOBAL AORTIC VALVE MARKET SYNOPSIS, 2020-2027

TABLE 2 GLOBAL AORTIC VALVE MARKET ESTIMATES & FORECAST, 2020-2027 (USD MILLION)

TABLE 3 GLOBAL AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 4 GLOBAL AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 5 GLOBAL AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 6 GLOBAL AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 7 GLOBAL AORTIC VALVE MARKET, BY REGION, 2020-2027 (USD MILLION)

TABLE 8 NORTH AMERICA: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 9 NORTH AMERICA: AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 10 NORTH AMERICA: AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 11 NORTH AMERICA: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 12 US: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 13 US: AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 14 US: AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 15 US: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 16 CANADA: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 17 CANADA: AORTIC VALVE MARKET, BY TYPE 2020-2027 (USD MILLION)

TABLE 18 CANADA: AORTIC VALVE MARKET, BY SURGERY TYPE 2020-2027 (USD MILLION)

TABLE 19 CANADA: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 20 LATIN AMERICA: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 21 LATIN AMERICA: AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 22 LATIN AMERICA: AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 23 LATIN AMERICA: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 24 EUROPE: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 25 EUROPE: AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 26 EUROPE: AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 27 EUROPE: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 28 WESTERN EUROPE: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 29 WESTERN EUROPE: AORTIC VALVE MARKET, BY TYPE 2020-2027 (USD MILLION)

TABLE 30 WESTERN EUROPE: AORTIC VALVE MARKET, BY SURGERY TYPE 2020-2027 (USD MILLION)

TABLE 31 WESTERN EUROPE: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 32 EASTERN EUROPE: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 33 EASTERN EUROPE: AORTIC VALVE MARKET, BY TYPE 2020-2027 (USD MILLION)

TABLE 34 EASTERN EUROPE: AORTIC VALVE MARKET, BY SURGERY TYPE 2020-2027 (USD MILLION)

TABLE 35 EASTERN EUROPE: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 36 ASIA-PACIFIC: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 37 ASIA-PACIFIC: AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 38 ASIA-PACIFIC: AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 39 ASIA-PACIFIC: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)

TABLE 40 MIDDLE EAST & AFRICA: AORTIC VALVE MARKET, BY VALVE TYPE, 2020-2027 (USD MILLION)

TABLE 41 MIDDLE EAST & AFRICA: AORTIC VALVE MARKET, BY TYPE, 2020-2027 (USD MILLION)

TABLE 42 MIDDLE EAST & AFRICA: AORTIC VALVE MARKET, BY SURGERY TYPE, 2020-2027 (USD MILLION)

TABLE 43 MIDDLE EAST & AFRICA: AORTIC VALVE MARKET, BY END USER, 2020-2027 (USD MILLION)


LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 MARKET STRUCTURE FOR THE GLOBAL AORTIC VALVE MARKET

FIGURE 3 MARKET DYNAMICS FOR THE GLOBAL AORTIC VALVE MARKET

FIGURE 4 GLOBAL AORTIC VALVE MARKET SHARE, BY VALVE TYPE, 2020 (%)

FIGURE 5 GLOBAL AORTIC VALVE MARKET SHARE, BY TYPE 2020 (%)

FIGURE 6 GLOBAL AORTIC VALVE MARKET SHARE, BY SURGERY TYPE 2020 (%)

FIGURE 7 GLOBAL AORTIC VALVE MARKET SHARE, BY END USER 2020 (%)

FIGURE 8 GLOBAL AORTIC VALVE MARKET SHARE, BY REGION, 2020 (%)

FIGURE 9 AMERICAS: AORTIC VALVE MARKET SHARE BY REGION, 2020 (%)

FIGURE 10 NORTH AMERICA: AORTIC VALVE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 11 EUROPE: AORTIC VALVE MARKET SHARE, BY REGION, 2020 (%)

FIGURE 12 WESTERN EUROPE: AORTIC VALVE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 13 ASIA-PACIFIC: AORTIC VALVE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 14 MIDDLE EAST & AFRICA: AORTIC VALVE MARKET SHARE, BY COUNTRY, 2020 (%)

FIGURE 15 GLOBAL AORTIC VALVE MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

FIGURE 16 BOSTON SCIENTIFIC CORPORATION: KEY FINANCIALS

FIGURE 17 BOSTON SCIENTIFIC CORPORATION: SEGMENTAL REVENUE

FIGURE 18 BOSTON SCIENTIFIC CORPORATION: REGIONAL REVENUE

FIGURE 19 MEDTRONIC: KEY FINANCIALS

FIGURE 20 MEDTRONIC: SEGMENTAL REVENUE

FIGURE 21 MEDTRONIC: REGIONAL REVENUE

FIGURE 22 ABBOTT LABORATORIES: KEY FINANCIALS

FIGURE 23 ABBOTT LABORATORIES: SEGMENTAL REVENUE

FIGURE 24 ABBOTT LABORATORIES: REGIONAL REVENUE

FIGURE 25 LIVANOVA PLC: KEY FINANCIALS

FIGURE 26 LIVANOVA PLC: SEGMENTAL REVENUE

FIGURE 27 LIVANOVA PLC: REGIONAL REVENUE

FIGURE 28 EDWARDS LIFESCIENCES CORPORATION: KEY FINANCIALS

FIGURE 29 EDWARDS LIFESCIENCES CORPORATION: SEGMENTAL REVENUE

FIGURE 30 EDWARDS LIFESCIENCES CORPORATION: REGIONAL REVENUE

FIGURE 31 CRYOLIFE: KEY FINANCIALS

FIGURE 32 CRYOLIFE: SEGMENTAL REVENUE

FIGURE 33 CRYOLIFE: REGIONAL REVENUE

FIGURE 34 BIOTRONIK: KEY FINANCIALS

FIGURE 35 BIOTRONIK: SEGMENTAL REVENUE

FIGURE 36 BIOTRONIK: REGIONAL REVENUE

FIGURE 37 COLIBRI HEART VALVE: KEY FINANCIALS

FIGURE 38 COLIBRI HEART VALVE: SEGMENTAL REVENUE

FIGURE 39 COLIBRI HEART VALVE: REGIONAL REVENUE

FIGURE 40 JENAVALVE KEY FINANCIALS

FIGURE 41 JENAVALVE: SEGMENTAL REVENUE

FIGURE 42 JENAVALVE: REGIONAL REVENUE

FIGURE 43 TTK HEALTHCARE: KEY FINANCIALS

FIGURE 44 TTK HEALTHCARE: SEGMENTAL REVENUE

FIGURE 45 TTK HEALTHCARE: REGIONAL REVENUE


Aortic Valve Market

Aortic Valve Market held a value of USD 15.98 Billion at a CAGR of 11.8% during the assessment period.

Segmentation

By Valve Type Mechanical Biological
By Suture Type Suture Sutureless
By Surgery Type Minimally Invasive Surgery Open Surgery
By End-User Hospitals Ambulatory Surgery Centers

Key Players

  • Boston Scientific Corporation
  • Medtronic
  • Abbott Laboratories
  • LivaNova PLC
  • Edwards Lifesciences Corporation
  • CryoLife
  • Biotronik
  • Colibri Heart Valve
  • JenaValve
  • TTK HealthCare

Drivers

  • Increasing geriatric population
  • Growing prevalence of cardiovascular disorders
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Market Forecast


Aortic Valve Market held a value of USD 6,454.91 Million in 2018, at a CAGR of 11.1% during the assessment period of 2019 to 2025.


Market Synopsis


There has been significant growth in the adoption of minimally invasive surgeries in the past few years, which is why demand for aortic valves is also increasing. The key players involved in this market are actively focusing upon building partnerships, collaborations, and joint ventures with hospitals and ambulatory centers in different countries to strengthen their position in the market. Moreover, there is an increasing growth in cardiovascular diseases, which pushes the need for efficient aortic valves in the developing as well as underdeveloped regions.


Market Influencer


Several government authorities and associations from developed and developing regions have focused on increasing awareness about valve replacement procedures is contributing to the growth of the market. For instance, the European Society of Cardiology organizes ESC Congress where heart experts from more than 150 countries come together to attend scientific sessions.


Market Drivers



  • The increasing geriatric population is directly attributing to rising cardiac complications. According to the United Nations, in 2017, more than 960 people were aged 60 or above across the globe



  • The growing prevalence of cardiovascular disorders is providing favorable conditions for rising cardiac surgeries and eventually it is responsible for increasing demand for the aortic valve. For instance, Moreover, according to the European Cardiovascular Disease Statistics 2017, each year cardiovascular disease (CVD) causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU)



  • Innovative and easy to use product launches in recent years



  • High investment in research and development for the development of efficient solutions



  • Increasing healthcare expenditure in developing countries is likely to provide favorable conditions for the growth of the market



  • Rising support from regulatory authorities to control cardiovascular diseases


Market Restraints



  • Product recalls due to the safety concerns are likely to hamper the market growth

  • Stringent regulatory landscape for approval of aortic valves


Segmentation


By Valve Type



  • Mechanical: Mechanical valve is the most common type used in the aortic valve replacement procedures. It is made up of plastic or metal and has a longer life than tissue valves. On-X Prosthetic Heart Valves, Medtronic open pivot, Abbott Regent are some well-known brands of mechanical valves. This segment is likely to hold the largest market share owing to the increasing number of transcatheter aortic valve in replacement procedures



  • Biological: The biological valves segment is expected to be the fastest-growing segment due to the rising adoption of biological valves and increasing prevalence of aortic stenosis in Western countries. According to the MRFR analysis, the prevalence of aortic stenosis in European countries is 0.2% in adults aged 50 to 59, 1.3% in adults aged 60 to 69, and up to 9.8% in patients 80 to 89.


By Surgery Type



  • Minimally invasive surgeries: This segment is estimated to hold maximum market share during the forecast period. The growth of this segment is attributed to the growing popularity of transcatheter aortic valve replacement due to the shorter hospital stays, less pain, and faster recovery as compared to other procedures. For instance, according to the Society of Thoracic Surgeons/ACC Transcatheter Valve Therapy (TVT), in the US, the number of TAVR procedures performed increased from 5,000 in 2007 to 50,000 in 2017.



  • Open surgery: Open surgeries are the most common procedures in aortic valve replacement. This segment holds significant market share during the forecast period due to the cost-effectiveness of open surgeries.


By End-User



  • Hospitals: The majority of the aortic valve replacement is surgically performed in hospitals. Thus, hospitals are major consumers of aortic valve replacement products. The market growth of the segment is majorly attributed to the increasing number of patients getting monitored with cardiovascular diseases, growing installation of cardiac valves, and the rising rate of cardiovascular procedures.



  • Ambulatory Surgery Centers: Ambulatory centers provide medical care on an outpatient basis, including diagnosis, observation, consultation, treatment, intervention, and rehabilitation services. Sometimes these centers can include advanced medical technology and procedures even when provided outside hospitals.



  • Others: It includes specialty centers, surgical centers


By Region



  • Americas: Americas is estimated to be the largest regional market owing to the presence of prominent players in the major countries in America. Major market players such as Boston Scientific Corporation, Medtronic, Abbott laboratories, and Edwards Lifesciences Corporation have a significant presence in the Americas. The region is anticipated to dominate the global aortic valve market owing to the rising prevalence of cardiovascular diseases in the region. According to the American College of Cardiology Foundation, in 2017 approximately 356,461 Americans had an out-of-hospital cardiac arrest.



  • Europe: The European region holds the second largest share as there is increasing support from regulatory authorities to control cardiovascular diseases. Moreover, the growing prevalence of heart diseases in the region has led to an increase in adoption of aortic valves.



  • Asia-Pacific: The Asia-Pacific region is anticipated to be the fastest-growing region in the global aortic valve market. This region is witnessing a surge due to the increasing geriatric population and changing lifestyle in developing countries such as India. According to the World Bank Group, Japan has the largest number of geriatric populations accounting for around 27.8% of the total population. Additionally, the increasing healthcare expenditure in this region is anticipated to drive growth in the market.



  • Middle East & Africa: The smallest market due to limited healthcare infrastructure and limited exposure to innovative solutions.


Key Players



  • Boston Scientific Corporation

  • Medtronic

  • Abbott Laboratories

  • LivaNova PLC

  • Edwards Lifesciences Corporation

  • CryoLife

  • Biotronik

  • Colibri Heart Valve

  • JenaValve

  • TTK HealthCare

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 6,454.91 Million
  CAGR   11.1%
  Base Year   2019
  Forecast Period   2025
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors and Trends
  Segments Covered   Valve Type, Surgery Type, End-User And Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Boston Scientific Corporation, Medtronic, Abbott Laboratories, LivaNova PLC, Edwards Lifesciences Corporation, CryoLife, Biotronik, Colibri Heart Valve, JenaValve, TTK HealthCare
  Key Market Opportunities   Adoption of minimally invasive surgeries
  Key Market Drivers

  • Innovative and easy to use product launches
  • High investment in research and development of efficient solutions
  • Increasing healthcare expenditure


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    Frequently Asked Questions (FAQ) :

    Aortic Valve Market is projected to grow at approximately 11.1% CAGR during the assessment period (2019-2025).

    Aortic Valve Market had valued at around USD 6,454.91 MN in 2018.

    Surging prevalence of cardiac disorders and introduction of innovative products, are major tailwinds pushing the growth of the Global Aortic Valve Market.

    North America holds the largest share in the Global Aortic Valve Market, followed by Europe and the Asia Pacific, respectively.

    Medtronic(US), TTK HealthCare (India), Boston Scientific Corporation (US), JenaValve (US), Abbott Laboratories (US), Biotronik (Germany), Edwards Lifesciences Corporation (2025US), Colibri Heart Valve (US), LivaNova PLC (UK), and CryoLife (US), are some of the top players operating in the Global Aortic Valve Market.