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Aortic Valve Replacement Market Report by Surgery (Open Surgery, Minimally Invasive Surgery), Product (Transcatheter Aortic Valve, Sutureless Valve, and Others), End Use (Hospitals, Ambulatory Surgery Centers, and Others), and Region 2023-2028
Market Report I 2023-11-02 I 146 Pages I IMARC Group
The global aortic valve replacement market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2022-2028. The increasing prevalence of aortic diseases, rising implementation of health insurance policies, and the growing adoption of MIS procedures represent some of the key factors driving the market.
Aortic valve replacement is a surgical procedure performed to replace a diseased or damaged aortic valve in the heart. It is usually operated through the traditional open-heart surgery, which involves incising the chest or using minimally invasive (MI) methods that require smaller incisions in the chest or a catheter incorporated in the leg. It treats diseases that affect the valves and controls blood flow through the heart. It aids in restoring normal blood flow, reducing symptoms, prolonging life, and preserving the function of the heart muscle. It is generally recommended for patients with severe aortic valve disease, including aortic stenosis or aortic regurgitation, that has symptoms like chest pain, shortness of breath, and fatigue.
Aortic Valve Replacement Market Trends:
The surging prevalence of aortic diseases among the masses and the increasing aging population that is more prone to developing these medical disorders represent one of the major factors driving the demand for aortic valve replacement around the world. Moreover, the rising implementation of health insurance policies that offer financial assistance for aortic valve replacement and reduce medical expenses is favoring the growth of the market. In addition, the growing awareness about aortic diseases, their symptoms, diagnosis, and the easy availability of the treatment options like aortic valve replacement is influencing the market positively. Apart from this, there is an increase in the adoption of transcatheter aortic valve replacement (TAVR), minimally invasive surgical (MIS) procedure that helps replace the aortic valve without open-heart surgery and is generally preferred by patients who are at major risk for traditional open-heart surgery. This, coupled with the rising preferences for MIS procedures on account of fewer operative complications, shorter hospitalization, less pain, reduced postoperative care, quicker recovery, and lower risk of infection, is propelling the growth of the market. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) in imaging techniques of aortic valve replacement to identify patients who are at higher risk for complications and optimize the procedure and postoperative care is contributing to the market growth. Besides this, governing agencies of numerous countries are undertaking measures to offer quality healthcare facilities that are accessible to all. This, along with significant improvements in the diagnostic technologies, is strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aortic valve replacement market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on surgery, product and end use.
Surgery Insights:
Open Surgery
Minimally Invasive Surgery
The report has provided a detailed breakup and analysis of the aortic valve replacement market based on the surgery. This includes open surgery and minimally invasive surgery. According to the report, minimally invasive surgery represented the largest segment.
Product Insights:
Transcatheter Aortic Valve
Sutureless Valve
Others
A detailed breakup and analysis of the aortic valve replacement market based on the product has also been provided in the report. This includes transcatheter aortic valve, sutureless valve, and others. According to the report, transcatheter aortic valve accounted for the largest market share.
End Use Insights:
Hospitals
Ambulatory Surgery Centers
Others
The report has provided a detailed breakup and analysis of the aortic valve replacement market based on the end use. This includes hospitals, ambulatory surgery centers, and others. According to the report, hospitals represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for aortic valve replacement. Some of the factors driving the North America aortic valve replacement market included extensive research and development (R&D) activities, well established healthcare facilities, integration of advanced technologies, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global aortic valve replacement market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Abbott Laboratories, Anteris Technologies Ltd., Boston Scientific Corporation, Coroneo Inc., CryoLife Inc., Edward Lifesciences Corporation, JenaValve Technology Inc., LifeNet Health Inc., LivaNova PLC, Medtronic plc, Thubrikar Aortic Valve Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global aortic valve replacement market in 2022?
2. What is the expected growth rate of the global aortic valve replacement market during 2023-2028?
3. What are the key factors driving the global aortic valve replacement market?
4. What has been the impact of COVID-19 on the global aortic valve replacement market?
5. What is the breakup of the global aortic valve replacement market based on the surgery?
6. What is the breakup of the global aortic valve replacement market based on the product?
7. What is the breakup of the global aortic valve replacement market based on the end use?
8. What are the key regions in the global aortic valve replacement market?
9. Who are the key players/companies in the global aortic valve replacement market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Aortic Valve Replacement Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Surgery
6.1Open Surgery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Minimally Invasive Surgery
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1Transcatheter Aortic Valve
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Sutureless Valve
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use
8.1Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Ambulatory Surgery Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Abbott Laboratories
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2Anteris Technologies Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3Boston Scientific Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4Coroneo Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5CryoLife Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6Edward Lifesciences Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7JenaValve Technology Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8LifeNet Health Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9LivaNova PLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10Medtronic plc
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11Thubrikar Aortic Valve Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
Figure 1: Global: Aortic Valve Replacement Market: Major Drivers and Challenges
Figure 2: Global: Aortic Valve Replacement Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Aortic Valve Replacement Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Aortic Valve Replacement Market: Breakup by Surgery (in %), 2022
Figure 5: Global: Aortic Valve Replacement Market: Breakup by Product (in %), 2022
Figure 6: Global: Aortic Valve Replacement Market: Breakup by End Use (in %), 2022
Figure 7: Global: Aortic Valve Replacement Market: Breakup by Region (in %), 2022
Figure 8: Global: Aortic Valve Replacement (Open Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Aortic Valve Replacement (Open Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Aortic Valve Replacement (Minimally Invasive Surgery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Aortic Valve Replacement (Minimally Invasive Surgery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Aortic Valve Replacement (Transcatheter Aortic Valve) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Aortic Valve Replacement (Transcatheter Aortic Valve) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Aortic Valve Replacement (Sutureless Valve) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Aortic Valve Replacement (Sutureless Valve) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Aortic Valve Replacement (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Aortic Valve Replacement (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Aortic Valve Replacement (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Aortic Valve Replacement (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Aortic Valve Replacement (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Aortic Valve Replacement (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Aortic Valve Replacement (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Aortic Valve Replacement (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Aortic Valve Replacement Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Aortic Valve Replacement Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Aortic Valve Replacement Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Aortic Valve Replacement Industry: SWOT Analysis
Figure 74: Global: Aortic Valve Replacement Industry: Value Chain Analysis
Figure 75: Global: Aortic Valve Replacement Industry: Porter's Five Forces Analysis
Table 1: Global: Aortic Valve Replacement Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Aortic Valve Replacement Market Forecast: Breakup by Surgery (in Million US$), 2023-2028
Table 3: Global: Aortic Valve Replacement Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Aortic Valve Replacement Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Aortic Valve Replacement Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Aortic Valve Replacement Market: Competitive Structure
Table 7: Global: Aortic Valve Replacement Market: Key Players
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