The heart valve devices market (心臓弁装置市場) is projected to reach a valuation of US$ 11.16 Billion in FY 2022, representing a growth from US$ 9.85 Billion in 2021. Over the previous year, the industry experienced a notable year-on-year increase of 13.3%. Looking ahead, heart valve devices sales are expected to thrive at a compound annual growth rate (CAGR) of 13% from 2022 to 2032, culminating in a value of US$ 37.5 Billion by the conclusion of 2032.

The global heart valve devices market is witnessing remarkable growth, driven by factors such as the rising prevalence of cardiovascular diseases, advancements in medical technology, and an aging population. Heart valve devices play a crucial role in the treatment of heart valve disorders, which can be congenital or acquired. These devices are designed to restore normal blood flow and mitigate the complications associated with dysfunctional heart valves. The market encompasses various types of heart valve devices, including mechanical, bioprosthetic, and transcatheter valves.

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Market Dynamics

The global heart valve devices market is experiencing significant growth, driven primarily by the rising incidence of cardiovascular diseases and the increasing adoption of minimally invasive procedures. Factors such as sedentary lifestyles, unhealthy dietary habits, and smoking contribute to the growing prevalence of heart valve diseases, thereby fueling market growth.

Technological advancements in heart valve devices, such as the development of transcatheter heart valves, have revolutionized the treatment of heart valve diseases. These minimally invasive procedures offer several advantages over traditional surgical approaches, including reduced recovery times, lower risk of complications, and improved patient outcomes.

Additionally, the growing aging population is a key demographic trend driving market growth. As people age, the risk of developing heart valve diseases increases, leading to a higher demand for heart valve devices. Furthermore, the increasing healthcare expenditure and the rising awareness about heart valve diseases are contributing to market growth.

Market Future Outlook

The future outlook for the heart valve devices market (심장 판막 장치 시장) is promising, with several factors expected to drive market growth. Technological advancements, such as the development of next-generation heart valve devices with improved durability and biocompatibility, are expected to enhance patient outcomes and drive market growth.

Moreover, the growing adoption of transcatheter heart valves and other minimally invasive procedures is expected to fuel market growth. These procedures are less invasive, require shorter hospital stays, and offer faster recovery times, making them increasingly attractive to both patients and healthcare providers.

Furthermore, the increasing prevalence of heart valve diseases, particularly in developing countries, is expected to drive market growth. Factors such as changing lifestyles, increasing obesity rates, and the growing aging population are contributing to the rising incidence of heart valve diseases, creating a significant market opportunity for heart valve device manufacturers.

Market Insights

The heart valve devices market (marché des dispositifs de valvules cardiaques) is segmented based on product type, including mechanical heart valves, tissue heart valves, and transcatheter heart valves. The transcatheter heart valves segment is expected to witness significant growth, driven by the increasing adoption of minimally invasive procedures and technological advancements in transcatheter heart valve devices.

Geographically, North America dominates the heart valve devices market, followed by Europe. The presence of well-established healthcare infrastructure, the high prevalence of cardiovascular diseases, and the availability of advanced medical technologies are key factors driving market growth in these regions. However, the Asia-Pacific region is expected to witness the fastest growth, driven by the growing aging population, increasing healthcare expenditure, and rising awareness about heart valve diseases.

Key Players:

• Edwards Lifesciences Corporation
• Braile Biomedica
• St. Jude Medical Inc.
• Medical Technology Est.
• Micro Interventional Devices Inc.
• Boston Scientific Corporation
• Liva Nova PLC 
• Cryolife, Inc. 
• Jena Valve Technology Inc.

Competitive Landscape:

Prominent providers of heart valve devices heavily rely on partnerships, collaborations, acquisitions, and new software launches to maintain their position in the global market. The primary objective of these market leaders is to constantly innovate and ensure a seamless client-customer relationship.

In March 2022, the U.S. Food and Drug Administration (FDA) granted approval to Edwards Lifesciences Corporation for their MITRIS RESILIA valve, a tissue valve replacement specifically designed for the mitral position of the heart.

In January 2022, CryoLife, Inc., a renowned company specializing in cardiac and vascular surgery, announced a rebranding and name change to Artivion, Inc. This change reflects the company's evolution and its commitment to providing innovative technologies to surgeons treating patients with aortic disease. The new name and brand are derived from the words "aorta," "innovation," and "vision."

Key Segments Covered in the Heart Valve Devices Industry Survey

• Heart Valve Devices by Type
• Mechanical Heart Valves
• Aortic Valve
• Mitral Valve
• Biological Heart Valve
• Aortic Valve
• Mitral Valve
• Pulmonary Valve
• Tricuspid Valve
• Transcatheter Valves
• Aortic Valve
• Mitral Valve
• Pulmonary Valve
• Heart Valve Devices by End User
• Heart Valves in Hospitals
• Heart Valves in Ambulatory Surgical Centers
• Heart Valve Devices by Region
• North America Heart Valve Devices Market
• Latin America Heart Valve Devices Market
• Europe Heart Valve Devices Market
• Asia Pacific Heart Valve Devices Market
• Middle East & Africa Heart Valve Devices Market

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Heart Failure Monitoring Systems Market(심부전 모니터링 시스템 시장): https://www.factmr.com/report/1088/heart-failure-monitoring-systems-market

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