The global prosthetic heart valve market is projected to grow rapidly from US$13,234.9 million in 2023 to US$27,277.6 million by 2033, at a CAGR of 7.5%.
The Global Prosthetic Heart Valve Industry size is expected to increase significantly, reaching US$ 13,234.9 million by 2023. Sales of prosthetic heart valves are predicted to escalate at a robust CAGR of 7.5% between 2023 and 2033. A worth of US$ 27,277.6 million is expected for the prosthetic heart valve market by 2033.
Prosthetic heart valve sales to boost in response to rising valvular heart disease cases and augmented heart valve replacement surgeries conducted globally. The demand for prosthetic heart valves may expand faster due to the invention and growing acceptance of minimally invasive techniques like transcatheter aortic valve replacement (TAVR).
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Growth Opportunities in the Prosthetic Heart Valve Industry
Barriers to Market Expansion in the Prosthetic Heart Valve
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Regional Outlook
Robust Growth in the Prosthetic Heart Valve Market Forced by High Prevalence of Cardiovascular Diseases
Established Healthcare Systems and Innovation Boost Prosthetic Heart Valve Market in Europe
Emerging Economies and Rising Awareness Escalate Prosthetic Heart Valve Market in Asia Pacific
“Due to an aging population and an increase in cardiovascular disorders, the market is expanding significantly. Transcatheter and tissue-engineered valves are just two examples of technology changing our lives. Issues with costs, regulations, and rivalry among major firms complicate aortic valve replacement market expansion.” comments an FMI analyst.
Key Takeaways
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Competitive Landscape
The prosthetic heart valve market has a fair amount of competition. The notable prosthetic heart valve manufacturers concentrate on promotional activities, product launches, acquisitions, collaborations, and expansions to improve their market presence, meet the customer base demand, expand their product portfolios, and increase production capacities.
Novel Developments
Top 15 Key Prosthetic Heart Valve Manufacturers
Key Segments
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the
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Feb 13, 2024