Cardiac Valve Market 2024 - Assessing Key Players, Responding to Industry Demand, Anticipating Future Trends, Evaluating Growth Rate, and Projecting Outlook by 2033
The Cardiac Valve Global Market
Report 2024 by The Business Research Company provides market overview across
60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, the Middle East, and Africa, encompassing
27 major global industries. The report presents a comprehensive analysis over a
ten-year historic period (2010-2021) and extends its insights into a ten-year
forecast period (2023-2033).
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Market:
https://www.thebusinessresearchcompany.com/report/cardiac-valve-global-market-report
According to The Business Research
Company’s Cardiac Valve Global Market Report 2024, The cardiac valve market
size has grown rapidly in recent years. It will grow from $9.68 billion in 2023
to $11.17 billion in 2024 at a compound annual growth rate (CAGR) of
15.3%. The growth in the historic period can be
attributed to aging population and the associated increase in valvular heart
disease, growth in the prevalence of risk factors like obesity and
hypertension, improved diagnostic and imaging technologies for valve diseases,
awareness campaigns and education on heart health and valve disease, and
development of minimally invasive and transcatheter valve procedures.
The cardiac valve market size is
expected to see rapid growth in the next few years. It will grow to $18.87
billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed
to increasing demand for bioengineered and tissue-engineered heart valves,
aging global population and the need for valve disease treatment, telemedicine
and remote patient monitoring for valve patients, enhanced surgical techniques
and robotics-assisted valve procedures, and adoption of 3d printing for
personalized heart valve manufacturing. Major trends in the forecast period
include advancements in valve replacement and repair techniques, integration of
artificial intelligence (ai) for valve disease detection and treatment planning,
adoption of 3d printing for personalized heart valve manufacturing,
advancements in valve replacement and repair techniques, and enhanced surgical
techniques and robotics-assisted valve procedures.
The rising incidence of
cardiovascular diseases is expected to propel the growth of the cardiac valve
market. The prevalence of cardiovascular disease has gradually increased due to
smoking, obesity, a lack of physical activity, and other factors that strain
the cardiovascular system. The most common cause of coronary artery disease is
arteries' build-up of fatty plaques. These gradual increases in heart-related
diseases raised the demand for the cardiac valve to treat heart valve problems. For instance, in September 2023, according to
the World Health Organization, a Switzerland-based specialized agency of the
United Nations, there were 41 million deaths, which is 74% of those caused by
non-communicable diseases (NCDs) or chronic diseases every year globally. There
were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from
cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million
deaths from diabetes. . Therefore, the
rising incidence of cardiovascular diseases will drive the growth of the
cardiac valve market.
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The cardiac valve market
covered in this report is segmented –
1) By Type: Tissue Heart
Valves, Transcatheter Heart Valves, Mechanical Heart Valves, Other Types
2) By Position: Aortic
Valve, Mitral Valve, Other Positions
3) By Treatment: Cardiac
Valve Repair, Cardiac Valve Replacement
4) By End-Users: Hospital
And Clinics, Specialty Centers, Cardiac Research Institute, Other End Users
Top Major Players
LivaNova PLC
Abbott Laboratories
Colibri Heart Valve LLC
TTK HealthCare Limited
Artivion Inc.
Technological advancements in
cardiac valves are a key trend gaining popularity in the cardiac valve market.
With advancements in technology, there are less invasive treatment options for
heart diseases. Major companies operating in the cardiac valve market are
concentrating on technologies such as neochordae implantation, annuloplasty
ring, and robotic surgery to strengthen their market position. These innovative
technologies help to protect patients from life-threatening conditions such as
heart stroke and cardiac arrest. For instance, in September 2022, Edwards, a
US-based medical technology company launched Sapien 3 Ultra Resilia
transcatheter heart valve with anti-calcification technology. This technology
platform was developed to irreversibly block calcium binding sites in
bioprosthetic valves. .
The cardiac valve market report
table of contents includes:
1. Executive Summary
2. Cardiac Valve Market
Characteristics
3. Cardiac Valve Market Trends And
Strategies
4. Cardiac Valve Market - Macro
Economic Scenario
5. Global Cardiac Valve Market
Size and Growth
.........................
31. Global Cardiac Valve Market
Competitive Benchmarking
32. Global Cardiac Valve Market
Competitive Dashboard
33. Key Mergers And Acquisitions
In The Cardiac Valve Market
34. Cardiac Valve Market Future
Outlook and Potential Analysis
35. Appendix
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