Heart Valves Market: By Product Type, and Repair), By Valve Type, By Procedure, By End User, and Geography

Heart Valves Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Replacement (Aortic, Mitral, and Others), and Repair), By Valve Type (Tissue Valve and Mechanical Valve), By Procedure (Surgical and Transcatheter), By End User (Hospitals, and Specialty Clinics & Others), and Region

Heart Valves Market size was valued at US$ 10.28 billion in 2023 and is poised to grow at a significant CAGR of 9.8% from 2024-2030. The global market for artificial heart valves comprises mechanical components, typically made of durable materials such as titanium or carbon. These valves are surgically implanted to replace damaged or diseased natural heart valves, restoring normal blood flow through the heart. A prominent trend in the mechanical heart valve market is the increasing adoption of transcatheter heart valve replacement (TAVR) procedures. TAVR is a minimally invasive technique that offers a less invasive alternative to open-heart surgery for valve replacement.

The growing preference for TAVR procedures is driven by shorter recovery times, reduced hospital stays, and lower risk of complications, thereby fueling the demand for mechanical heart valves compatible with this technique. An opportunity in the mechanical heart valve market lies in emerging economies due to the rising prevalence of cardiovascular drugs diseases and increasing demand for advanced cardiac care. Additionally, technological advancements such as the development of sutureless mechanical heart valves and the integration of bioengineering principles hold promise for improved valve durability, reduced complications, and enhanced patient outcomes, presenting further opportunities for market growth. The mechanical heart valve market is witnessing a trend towards transcatheter heart valve replacement procedures, while opportunities lie in emerging economies and technological advancements for enhanced valve performance.

Market Key Developments:

  • In January 2023, Medtronic and Edwards Lifesciences announced a collaboration to develop and commercialize a new mechanical heart valve. The valve, which is still in development, is designed to be more durable and less likely to cause blood clots than traditional mechanical heart valves.
  • In February 2023, Boston Scientific and JenaValve announced a collaboration to develop and commercialize a new mechanical heart valve. The valve, which is still in development, is designed to be easier to implant than traditional mechanical heart valves.

Global Heart Valves Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.8%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Heart Valves Market Dynamics

Burgeoning the prevalence of heart valve diseases is expected to increase revenue for the global mechanical heart valves market. The rising incidence of heart valve disorders, such as valvular stenosis and regurgitation, is driving the demand for mechanical heart valves as a treatment option. Factors contributing to the prevalence of these conditions include an aging population, lifestyle changes leading to an increased risk of cardiovascular diseases, and improved diagnostic capabilities. The growing patient pool requiring heart valve replacement surgeries fuels the demand for mechanical heart valves in the market

Global Heart Valves Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 10.28 billion

Market CAGR

9.8%

By Product Type

  • Replacement
    • Aortic
    • Mitral
    • Others
  • Repair

By Valve Type

  • Tissue Valve
  • Mechanical valve

By Procedure

  • Surgical
  • Transcatheter

By End User

  • Hospitals
  • Specialty Clinics
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The heart valves market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The global heart valves market size was valued at US$ 10.28 billion in 2023 and is projected to grow at a CAGR of 9.8% from 2024-2030.

The heart valves are made of synthetic materials and are durable, long-lasting, and less prone to degeneration. They require lifelong anticoagulant therapy to prevent blood clots. On the other hand, biological heart valves are made from animal tissue or human cadaveric tissue. They do not require long-term anticoagulation but have a limited lifespan and may need to be replaced over time.

Key factors driving the growth of the heart valves market include the increasing prevalence of heart valve diseases, the aging population, technological advancements in valve design, and the rising demand for minimally invasive procedures. Additionally, the growing adoption of transcatheter heart valve replacement procedures and the need for long-lasting valve solutions contribute to market growth.

Mechanical heart valves are artificial devices designed to replace damaged or diseased natural heart valves. They are typically composed of mechanical components made of durable materials such as titanium or carbon. These valves are surgically implanted to restore normal blood flow through the heart.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Heart Valves Market Introduction 
2.1.Global Heart Valves Market  - Taxonomy
2.2.Global Heart Valves Market  - Definitions
2.2.1.Product Type
2.2.2.Valve Type
2.2.3.Procedure
2.2.4.End User
2.2.5.Region
3.Global Heart Valves Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Heart Valves Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Heart Valves Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Replacement 
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Repair
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Heart Valves Market  By Valve Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Tissue Valve
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Mechanical valve
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Heart Valves Market  By Procedure, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Surgical
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Transcatheter
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Heart Valves Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Hospitals
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Specialty Clinics
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Others
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
9.Global Heart Valves Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Heart Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Replacement 
10.1.2.Repair
10.2.  Valve Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Tissue Valve
10.2.2.Mechanical valve
10.3.  Procedure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Surgical
10.3.2.Transcatheter
10.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Hospitals
10.4.2.Specialty Clinics
10.4.3.Others
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Heart Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Replacement 
11.1.2.Repair
11.2.  Valve Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Tissue Valve
11.2.2.Mechanical valve
11.3.  Procedure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Surgical
11.3.2.Transcatheter
11.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Hospitals
11.4.2.Specialty Clinics
11.4.3.Others
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
11.5.7.
12.Asia Pacific (APAC) Heart Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Replacement 
12.1.2.Repair
12.2.  Valve Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Tissue Valve
12.2.2.Mechanical valve
12.3.  Procedure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Surgical
12.3.2.Transcatheter
12.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Hospitals
12.4.2.Specialty Clinics
12.4.3.Others
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Heart Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Replacement 
13.1.2.Repair
13.2.  Valve Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Tissue Valve
13.2.2.Mechanical valve
13.3.  Procedure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Surgical
13.3.2.Transcatheter
13.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Hospitals
13.4.2.Specialty Clinics
13.4.3.Others
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Heart Valves Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Replacement 
14.1.2.Repair
14.2.  Valve Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Tissue Valve
14.2.2.Mechanical valve
14.3.  Procedure Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Surgical
14.3.2.Transcatheter
14.4.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Hospitals
14.4.2.Specialty Clinics
14.4.3.Others
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Edwards Lifesciences Corporation
15.2.2.Abbott
15.2.3.Medtronic
15.2.4.LivaNova PLC
15.2.5.Boston Scientific Corporation
15.2.6.CryoLife, Inc.
15.2.7.Micro Interventional Devices, Inc.
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Edwards Lifesciences Corporation
  • Abbott
  • Medtronic
  • LivaNova PLC
  • Boston Scientific Corporation
  • CryoLife, Inc.
  • Micro Interventional Devices, Inc.

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