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Heart Valve Repair and Replacement Devices Market - Global Outlook and Forecast 2018-2023

Heart Valve Repair and Replacement Devices Market - Global Outlook and Forecast 2018-2023

The global heart valve repair and replacement devices market is expected to generate revenues of more than $12 billion by 2023, growing at an impressive CAGR of around 17% during 2017-2023.

The government organizations and leading manufacturers involved in spreading awareness, education, and support about various types of cardiac diseases will have a positive impact on the global market. Top vendors in the transcatheter space, startups, and small medtech investigational companies are actively engaged in developing next-generation medical devices creating lucrative opportunities in the market. The global heart valve repair and replacement devices market is driven by growing technological advancements, new product approvals, a growing elderly population, and improvements in reimbursement policies. The increasing adoption of transcatheter and other MI heart valve procedures will transform the global market. The market research report provides in-depth market analysis and segmental analysis of the global heart valve repair and replacement devices market by product, surgery type, end-user, and geography.

The report considers the present scenario of the global heart valve repair and replacement devices market and its market dynamics for the period 2018−2023. It covers five geographic regions (North America, Europe, APAC, Latin America, and MEA); end-users (Hospitals and ambulatory surgical centers); product type (heart valve repair and replacement devices); surgery type (Transcatheter, open, and minimally invasive heart valve repair and replacement procedures) under the study elaborating the present market scenario and discussing the futuristic demand of heart valve repair and replacement devices in the market. It also covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the global heart valve repair and replacement devices market.

Heart Valve Repair and Replacement Devices Market – Dynamics

The introduction of transcatheter based procedure that is highly advanced than other MI and open surgical techniques is driving the growth of the global heart valve repair and replacement devices market. Transcatheter treatments are associated with fewer complications, high success rate, and a faster recovery rate than other techniques available in the market. Players such as Edwards Lifesciences, Abbott, Medtronic, and LivaNova have launched a wide range of devices that include annuloplasty rings, tissue valves, transcatheter heart valves, mechanical heart valves, and advanced delivery systems. The launch of devices that focuses on valve retrievability and repositioning will transform the global heart valve repair and replacement devices market. The emergence of transcatheter mitral valve replacement procedure is expected to revolutionize the global heart valve repair and replacement devices market. With the availability of favorable clinical evidence and technological improvements, this procedure is expected to gain immense popularity in the global market over the next few years.

Heart Valve Repair and Replacement Devices Market – Segmentation

This market research report includes a detailed segmentation of the market by product, surgery type, end-users, and geography. Replacement devices segment dominated more the 3/4th of market share in 2017, growing at a CAGR of approximately 18% during the forecast period. The growing demand for transcatheter replacement procedures especially TAVR and the availability of next-generation prosthetic tissue heart valves are two of the major factors augmenting the growth of this segment in the global market. The growing demand for mitral valve repair procedures will create lucrative opportunities for leading vendors operating in the global market.

MI heart surgery segment dominates a section of the market share in 2017, growing a CAGR of around 12% during the forecast period. The growing demand for minimally invasive surgeries such as video-assisted, robotic-assisted, and endoscopic techniques will propel the growth of this segment in the global market. Hospital end-user segment dominated the largest market share in 2017, growing at a CAGR of around 18% during the forecast period. The availability of various procedure such as transcatheter-based, MI robotic-assisted, and video-assisted techniques for treating a broad range of high-risk and complicated heart valve diseases is propelling the growth of this end-user segment in the global market.

Market Segmentation by Product

  • Heart Valve Repair Devices
  • Surgical Heart Repair Devices
  • Non-surgical Heart Repair Devices
  • Heart Valve Replacement Devices
  • Transcatheter Heart Valves
  • Tissue Heart Valves
  • Mechanical Heart Valves
Market Segmentation by Surgery
  • Transcatheter Surgery
  • Open Heart Surgery
  • MI Heart Surgery
Market Segmentation by End-users
  • Hospitals
  • ASCs
Heart Valve Repair and Replacement Devices Market – Geography

The geographical segment in the global heart valve repair and replacement devices market is categorized into APAC, Europe, North America, Latin America, and MEA. North America occupied more than half of the market share in 2017, growing at a CAGR of approximately 19% during the forecast period. The availability of established healthcare infrastructure and easy access to advanced healthcare services is driving the growth of Europe in the global market. The launch of advanced techniques such as TAVR and the increasing adoption of this procedure in countries such as Germany, France, the UK, Italy, and Spain will boost revenues in the heart valve repair and replacement devices market.

Market Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • APAC
  • China
  • Japan
  • Latin America
  • MEA
Key Vendor Analysis

The global heart valve repair and replacement devices market is highly consolidated and top players occupy a significant portion of the market share. The top vendors are investing in innovative products and technologies to sustain the intense competition in the global market. The leading companies are implementing various strategies such as product launches and approvals, marketing and promotional activities, acquisitions, increase R&D investment, and strengthen their distribution networks to gain a larger market share. The increasing focus on business expansion in existing and newer regions to cater to the needs of growing customer base, widen their product portfolios and boost their production capabilities to gain traction from end-users in the global market. The launch of a diversified product portfolio will help players boost their revenues in the global heart valve repair and replacement devices market.

The major vendors in the global market are:
  • Edwards Lifesciences
  • Abbott
  • LivaNova
  • Medtronic
  • Boston Scientific
  • ther prominent vendors include Balton, BD, BioStable Science & Engineering, Cardiac Dimensions, CryoLife, Lepu Medical Technology, Micro Interventional Devices, Mitralign, NeoChord, TORAY INDUSTRIES, TTK Healthcare, VENUS MEDTECH, Ancora Heart, Cephea Valve Technologies, Colibri Heart Valve, JenaValve Technology, Mardil Medical, Millipede, MVRx, Valcare Medical.
Key market insights include

1. The analysis of global heart valve repair and replacement devices market provides market size and growth rate for the forecast period 2018-2023.

2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global heart valve repair and replacement devices market.

3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.

4. It offers a complete overview of market segments and the regional outlook of global heart valve repair and replacement devices market.

5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.


1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Types
4.3.2 Market Segmentation by Surgery Type
4.3.3 Market Segmentation by End-users
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Heart valve repair
7.2.1 Surgical Valve Repair
7.2.2 Non-surgical Repair
7.3 Heart Valve replacement
7.3.1 Mechanical Heart Valves
7.3.2 Tissue Heart Valves
7.3.3 Transcatheter Heart Valves
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing Prevalence/Incidence of Heart Valve Diseases
8.1.2 Growing Demand for Transcatheter Repair and Replacement Procedures
8.1.3 Rapid Advances and Improvements in Valve Repair and Replacement Devices and Technology
8.1.4 New Product Approvals
8.1.5 YOY Impact of Market Growth Enablers
8.1.6 YOY Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Stringent Government Regulations and Requirement of Rigorous Clinical Trials
8.2.2 Risks and Complications Associated with Heart Valve Repair and Replacement Procedures
8.2.3 High Cost of Heart Valve Repair and Replacement Procedures
8.2.4 Product Recalls
8.2.5 YOY Impact of Market Growth Restraints
8.2.6 YOY Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Robust Pipeline and Investigational Heart Valve Repair and Replacement Devices
8.3.2 Strategic Acquisitions
8.3.3 Advent of Transcatheter Mitral Valve Replacement Devices
8.3.4 Emergence of Next-generation Heart Valve Replacement Devices
8.3.5 YOY Impact of Market Opportunities & Trends
8.3.6 YOY Impact of Market Opportunities & Trends in Regions
9 Global Heart Valve Repair and Replacement Devices Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Porter’s Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 Market by Product Types
10.1 Market Overview
11 Global Heart Valve Repair Devices Market
11.1 Market Overview
11.2 Market Size and Forecast
11.3 Global Surgical Heart Valve Repair Devices Market
11.3.1 Market Overview
11.3.2 Market Size and Forecast
11.4 Global Non-surgical Heart Valve Repair Devices Market
11.4.1 Market Overview
11.4.2 Market Size and Forecast
12 Global Heart Valve Replacement Devices Market
12.1 Market Overview
12.2 Market Size and Forecast
12.3 Global Transcatheter Heart Valves Market
12.3.1 Market Overview
12.3.2 Market Size and Forecast
12.4 Global Tissue Heart Valves Market
12.4.1 Market Overview
12.4.2 Market Size and Forecast
12.5 Global Mechanical Heart Valves Market
12.5.1 Market Overview
12.5.2 Market Size and Forecast
13 Market by Surgery Type
13.1 Market Overview
13.2 Transcatheter Heart Valve Repair and Replacement
13.2.1 Market Overview
13.2.2 Market Size & Forecast
13.3 Open Heart Valve Repair and Replacement
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.4 Minimally Invasive Heart Valve Repair and Replacement
13.4.1 Market Overview
13.4.2 Market Size & Forecast
14 Market by End-User
14.1 Market Overview
14.2 Hospitals
14.2.1 Market Overview
14.2.2 Market Size and Forecast
14.3 ASCs
14.3.1 Market Overview
14.3.2 Market Size and Forecast
15 Market By Geography
15.1 Market Overview
16 North America
16.1 Market Overview
16.2 Market Size and Forecast
16.3 Key Countries
16.3.1 US: Market Size & Forecast
16.3.2 Canada: Heart Valve Repair and Replacement Devices Market
16.4 Key Market Trend, Enabler, & Restraint
17 Europe
17.1 Market Overview
17.2 Market Size and Forecast
17.3 Key Countries
17.3.1 Germany: Market Size & Forecast
17.3.2 France: Market Size & Forecast
17.3.3 UK: Market Size and Forecast
17.4 Key Market Trend, Enabler, & Restraint
18 APAC
18.1 Market Overview
18.2 Market Size and Forecast
18.3 Key Countries
18.3.1 Japan: Market Size & Forecast
18.3.2 China: Market Size & Forecast
18.4 Key Market Trend, Enabler, & Restraint
19 Latin America
19.1 Market Overview
19.2 Market Size and Forecast
19.3 Key Market Trend, Enabler, & Restraint
20 Middle-East and Africa
20.1 Market Overview
20.2 Market Size and Forecast
20.3 Key Market Trend, Enabler, & Restraint
21 Competitive Landscape
21.1 Competition overview
21.2 Market Share Analysis
22 Key Company Profiles
22.1 Edwards Lifesciences
22.1.1 Business Overview
22.1.2 Edwards Lifesciences in Global Heart Valve Repair and Replacement Devices Market
22.1.3 Major Product Offerings
22.1.4 Key Strategies
22.1.5 Key Strengths
22.1.6 Key Opportunities
22.2 Medtronic
22.2.1 Business Overview
22.2.2 Medtronic in Global Valve Repair and Replacement Devices Market
22.2.3 Major Product Offerings
22.2.4 Key Strategies
22.2.5 Key Strengths
22.2.6 Key Opportunities
22.3 Abbott
22.3.1 Business Overview
22.3.2 Abbott in Global Heart Valve Repair and Replacement Devices Market
22.3.3 Major Product Offerings
22.3.4 Key Strategies
22.3.5 Key Strengths
22.3.6 Key Opportunities
22.4 Boston Scientific
22.4.1 Business Overview
22.4.2 Boston Scientific in Global Valve Repair and Replacement Devices Market
22.4.3 Major Product Offerings
22.4.4 Key Strategies
22.4.5 Key Strengths
22.4.6 Key Opportunities
22.5 LivaNova
22.5.1 Business Overview
22.5.2 LivaNova in Global Heart Valve Repair and Replacement devices Market
22.5.3 Major Product Offerings
22.5.4 Key Strategies
22.5.5 Key Strengths
22.5.6 Key Opportunities
23 Other Prominent Vendors
23.1 Balton
23.1.1 Business Overview
23.2 BD
23.2.1 Business Overview
23.3 BioStable Science & Engineering
23.3.1 Business Overview
23.4 Cardiac Dimensions
23.4.1 Business Overview
23.5 CryoLife
23.5.1 Business Overview
23.6 Lepu Medical Technology
23.6.1 Business Overview
23.7 Micro Interventional Devices
23.7.1 Business Overview
23.8 Mitralign
23.8.1 Business Overview
23.9 NeoChord
23.9.1 Business Overview
23.10 TORAY INDUSTRIES
23.10.1 Business Overview
23.11 TTK Healthcare
23.11.1 Business Overview
23.12 VENUS MEDTECH
23.12.1 Business Overview
24 Investigational Companies
24.1 Ancora Heart
24.1.1 Business Overview
24.2 Colibri Heart Valve
24.2.1 Business Overview
24.3 Cephea Valve Technologies
24.3.1 Business Overview
24.4 JenaValve Technology
24.4.1 Business Overview
24.5 Millipede
24.5.1 Business Overview
24.6 MVRx
24.6.1 Business Overview
24.7 Mardil Medical
24.7.1 Business Overview
24.8 Valcare Medical
24.8.1 Business Overview
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
25.3 Qualitative Summary
25.4 Quantitative Summary
25.4.1 Market by Geography
25.4.2 Market by Product
25.4.3 Market by Surgery Types
25.4.4 Market by End-users
26 Appendix
26.1 Abbreviations
List Of Exhibits
Exhibit 1 Segmentation of Global Heart Valve Repair and Replacement Devices Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 Global Heart Valve Repair and Replacement Devices Market by Product Type 2017
Exhibit 4 Percentage of Patients Diagnosed with Mild, Moderate, and Severe Valve Diseases
Exhibit 5 Prevalence of Valve Diseases in Different Age Groups
Exhibit 6 Prevalence of Aortic Regurgitation in Different Age groups
Exhibit 7 Five Year Survival Rate of Major Life-threatening Disorders
Exhibit 8 Global Heart Valve Repair and Replacement Devices Market 2017–2023
Exhibit 9 Five Forces Analysis 2017
Exhibit 10 Global Heart Valve Repair and Replacement Devices Market by Product Type
Exhibit 11 Global Heart Valve Repair and Replacement Devices Market by Product Types
Exhibit 12 Global Heart Repair and Replacement Devices Market by Product Type 2017 (%)
Exhibit 13 Global Heart Repair and Replacement Devices Market by Product Type 2023 (%)
Exhibit 14 Global Heart Valve Repair and Replacement Devices Market by Product Type 2017−2023 ($ million)
Exhibit 15 Global Heart Valve Repair and Replacement Devices Market by Product Type 2017−2023 (%)
Exhibit 16 Global Heart Valve Repair Devices Market by Procedure 2017 (%)
Exhibit 17 Global Heart Valve Repair Devices Market by Procedure 2017 (%)
Exhibit 18 Global Heart Valve Repair Devices Market by Procedure 2017−2023 ($ million)
Exhibit 19 Global Heart Valve Repair Devices Market by Procedure 2017−2023 (%)
Exhibit 20 Global Heart Valve Repair Devices Market 2017−2023 ($ million)
Exhibit 21 Global Surgical Heart Valve Repair Devices Market 2017–2023
Exhibit 22 Global Non-surgical Heart Valve Repair Devices Market 2017−2023
Exhibit 23 Global Heart Valve Replacement Devices Market by Device Type 2017 (%)
Exhibit 24 Global Heart Valve Replacement Devices Market by Device Type 2023 (%)
Exhibit 25 Global Heart Valve Replacement Devices Market by Device Type 2017−2023 ($ million)
Exhibit 26 Global Heart Valve Replacement Devices Market by Device Type 2017−2023 (%)
Exhibit 27 Global Heart Valve Replacement Devices Market 2017−2023 ($ million)
Exhibit 28 Global Transcatheter Heart Valves Market 2017−2023 ($ million)
Exhibit 29 Global Tissue Heart Valves Market 2017−2023 ($ million)
Exhibit 30 Global Mechanical Heart Valves Market 2017−2023 ($ million)
Exhibit 31 Global Heart Valve Repair and Replacement Devices Market by Surgery Type
Exhibit 32 Global Heart Valve Repair and Replacement Devices Market by Surgery Type 2017 (%)
Exhibit 33 Global Heart Valve Repair and Replacement Devices Market by Surgery Type 2023 (%)
Exhibit 34 Global Heart Valve Repair and Replacement Devices Market by Surgery Type 2017−2023 ($ million)
Exhibit 35 Global Heart Valve Repair and Replacement Devices Market by Surgery Type 2017−2023 (%)
Exhibit 36 Global Transcatheter Heart Valve Repair and Replacement Market 2017–2023
Exhibit 37 Global Open Heart Valve Repair and Replacement Market 2017–2023
Exhibit 38 Global MI Heart Valve Repair and Replacement Market 2017–2023
Exhibit 39 Global Heart Valve Repair and Replacement Devices Market by End-users Type
Exhibit 40 Global Heart Valve Repair and Replacement Devices Market by End-user Type 2017 (%)
Exhibit 41 Global Heart Valve Repair and Replacement Devices Market by End-user Type 2023 (%)
Exhibit 42 Global Heart Valve Repair and Replacement Devices Market by End-user Type 2017−2023 ($ million)
Exhibit 43 Global Heart Valve Repair and Replacement Devices Market by End-user Type 2017−2023 (%)
Exhibit 44 Global Heart Valve Repair and Replacement Devices Market by Hospitals 2017–2023
Exhibit 45 Global Heart Valve Repair and Replacement Devices Market by ASCs 2017–2023 ($ million)
Exhibit 46 Global Heart Valve Repair and Replacement Devices Market by Geography 2017 and 2023
Exhibit 47 Market Share of Various Regions 2017
Exhibit 48 Market Share of Various Regions 2023
Exhibit 49 Global Heart Valve Repair and Replacement Devices Market by Geography: CAGR Comparison 2017–2023
Exhibit 50 Global Heart Valve Repair and Replacement Devices Market by Geography 2017−2023 ($ million)
Exhibit 51 Global Heart Valve Repair and Replacement Devices Market by Geography 2017−2023 (%)
Exhibit 52 Global Heart Valve Repair and Replacement Devices Market by Geography: Market Share and CAGR Comparison
Exhibit 53 Heart Valve Repair and Replacement Devices Market in North America 2017–2023 ($ million)
Exhibit 54 Heart Valve Repair and Replacement Devices Market in North America by Key Countries 2017 and 2023
Exhibit 55 Heart Valve Repair and replacement Devices Market in North America: Key Countries Share 2017 (%)
Exhibit 56 Heart Valve Repair and Replacement Devices Market in US 2017–2023 ($ million)
Exhibit 57 Heart Valve Repair and Replacement Devices Market in Canada 2017–2023 ($ million)
Exhibit 58 Heart Valve Repair and Replacement Devices Market in Europe 2017–2023 ($ million)
Exhibit 59 Heart Valve Repair and Replacement Devices Market in Europe by Key Countries 2017 and 2023
Exhibit 60 Heart Valve Repair and replacement Devices Market in Europe: Key Countries Share 2017 (%)
Exhibit 61 Heart Valve Repair and Replacement Devices Market in Germany 2017–2023 ($ million)
Exhibit 62 Heart Valve Repair and Replacement Devices Market in France 2017–2023 ($ million)
Exhibit 63 Heart Valve Repair and Replacement Devices Market in UK 2017–2023 ($ million)
Exhibit 64 Heart Valve Repair and Replacement Devices Market in APAC 2017–2023 ($ million)
Exhibit 65 Heart Valve Repair and Replacement Devices Market in APAC by Key Countries 2017 & 2023
Exhibit 66 Heart Valve Repair and Replacement Devices Market in APAC: Key Countries Share 2017 (%)
Exhibit 67 Heart Valve Repair and Replacement Devices Market in Japan 2017–2023 ($ million)
Exhibit 68 Heart Valve Repair and Replacement Devices Market in China 2017–2023 ($ million)
Exhibit 69 Heart Valve Repair and Replacement Devices Market in Latin America 2017−2023 ($ million)
Exhibit 70 MEA: Heart Valve Repair and Replacement Devices Market 2017–2023 ($ million)
Exhibit 71 Global Heart Valve Repair and Replacement Devices Market: Vendors Market Share 2017 (%)
Exhibit 72 Edwards Lifesciences Sales Breakdown by Geography 2017
Exhibit 73 Edwards Lifesciences Sales Breakdown by Product Line 2017
Exhibit 74 Medtronic Sales Breakdown by Segments 2017 (%)
Exhibit 75 Abbott Sales Breakdown by Segments 2017
Exhibit 76 Boston Scientific Sales Breakdown by Segments 2017 (%)
Exhibit 77 LivaNova Sales Breakdown by Segments 2017 (%)
List of Table
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013−2017
Table 4 Comparison of Mechanical and Tissue Heart Valves
Table 5 Major Approved Transcatheter-based Valve Repair and Replacement Devices
Table 6 Recent Product Approvals in Global Heart Valve Repair and Replacement Devices Market
Table 7 YOY Impact of Market Growth Enablers 2017−2023
Table 8 YOY Impact of Market Growth Enablers on Regions 2017
Table 9 Recent Product Recalls
Table 10 YOY Impact of Market Growth Restraints 2017−2023
Table 11 YOY Impact of Market Growth Restraints on Regions 2017
Table 12 Major Heart Valve Repair and Replacement Pipeline Devices
Table 13 Major CE Mark approved Heart Valve Repair and Replacement Devices Awaiting Approvals in US
Table 14 Recent Major Acquisitions in Global Heart Valve Repair and Replacement Devices Market
Table 15 Major Transcatheter MVR Clinical Trials
Table 16 YOY Impact of Market Opportunities & Trends 2017−2023
Table 17 YOY Impact of Market Opportunities & Trends on Regions 2017
Table 18 Global Heart Valve Repair and Replacement Devices Market by Product: Impact Analysis 2017 and 2023
Table 19 Global Heart Valve Repair and Replacement Devices Market by Surgery: Impact Analysis 2017 and 2023
Table 20 Global Heart Valve Repair and Replacement Devices Market by End-users: Impact Analysis 2017 and 2023
Table 21 Leading Players in Global Heart Valve Repair and Replacement Devices Market 2017
Table 22 Global Heart Valve Repair and Replacement Devices Market: Key Vendors Strength Analysis
Table 23 Edwards Lifesciences: Product Offerings
Table 24 Abbott: Product Offerings
Table 25 Boston Scientific: Heart Valve Repair and Replacement Devices Under Development
Table 26 Company 3: Product Offerings
Table 27 Qualitative Summary of Global Heart Valve Repair and Replacement Devices Market
Table 28 Global Heart Valve Repair and Replacement Devices Market by Geographies 2017–2023
Table 29 Global Heart Valve Repair and Replacement Devices Market by Product Types 2017–2023
Table 30 Global Heart Valve Repair and Replacement Devices Market by Surgery Types 2017–2023
Table 31 Global Heart Valve Repair and Replacement Devices Market by End-user Types 2017–2023

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