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Aortic Valve Market Share

ID: MRFR//7160-HCR | 90 Pages | Author: Kinjoll Dey| November 2024

In this evolving and vibrant Aortic Valve Market, companies have various thinking models which are done to defend the market and fight the increasing presence of aortic valve sickness. The basic objective is such a way anything based on technology. Medical device companies involve a big amount in research and development to create advanced aortic valve solutions with features like superior durability, lower risks of complications and a better match with low invasive procedures. Through rendering innovative products these companies set the bar high and give cardiac surgeons more refined devices as instruments for the treatment of aortic valve diseases.

Cost Leadership is a crucial strategy in the Aortic Valve Market and it contributes to the intercompany competition. Some manufacturers whose products are price-competitive without compromising performance and quality are also on the rise. Such strategy is imperative when health systems are in search of financially viable solutions for the replacement operations in terms of aortic valves. Aortic valve segment's leading medical device companies leverage the value chain, like optimizing manufacturing processes, buying components at reasonable prices and moving products speedily, to become a cost-efficient provider of lifesaving devices, thus increasing accessibility of these life-saving devices to a greater number of patients.

Market segmentation is a powerful instrument for plotting the pace of development of the Aortic Valve Market. Companies segment the target population, splitting it into parts, namely, older patients with TAVR or SAVR who need custom adapted services. With this approach companies can focus on the different clinical needs of cardiothoracic surgeons and the patients, making product development for various use cases and patient preferences easier.

Collaboration and partnerships are major features of Aortic Valve Market. Medical device vendors seek to partner up with health centers, research groups, or regulatory bodies so as to have better developments and adoptions of their aortic valve technologies. Having a close relationship with the most important players in the healthcare field is a guarantee that the company can get insightful information on clinical practices, a database for real-world patients’ cases, and a clear integration of their aortic valves into heart care protocols.

Branding and reputation management are the main instruments of marketers to position their companies in the Aortic Valve Market. Companies are setting aside budget for creating brand image by marketing on stronger valves, better procedures and contributory positive patient outcomes. Litering creditability and building mutual trust from a market where cardiothoracic surgeons and patients highly depend on the safety and efficacy of Aortic Valve Replacements to achieve successful cardiac procedures cannot be overemphasized.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation   2020  Forecast Period  2032  Historical Data  2019  Forecast Units  Value (USD Million)  Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors and Trends  Segments Covered  Valve Type, Surgery Type, End-User And Region  Geographies Covered  North America, Europe, Asia-Pacific, and Rest of the World (RoW)  Key Vendors  Boston Scientific Corporation, Medtronic, Abbott Laboratories, LivaNova PLC, Edwards Lifesciences Corporation, CryoLife, Biotronik, Colibri Heart Valve, JenaValve, TTK HealthCare  Key Market Opportunities  Adoption of minimally invasive surgeries  Key Market Drivers·  Innovative and easy to use product launches·  High investment in research and development of efficient solutions·  Increasing healthcare expenditure
Historical Data 2019 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors and Trends Segments Covered Valve Type, Surgery Type, End-User And Region Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Vendors Boston Scientific Corporation, Medtronic, Abbott Laboratories, LivaNova PLC, Edwards Lifesciences Corporation, CryoLife, Biotronik, Colibri Heart Valve, JenaValve, TTK HealthCare Key Market Opportunities Adoption of minimally invasive surgeries Key Market Drivers· Innovative and easy to use product launches· High investment in research and development of efficient solutions· Increasing healthcare expenditure
Forecast Period   2032  Historical Data  2019  Forecast Units  Value (USD Million)  Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors and Trends  Segments Covered  Valve Type, Surgery Type, End-User And Region  Geographies Covered  North America, Europe, Asia-Pacific, and Rest of the World (RoW)  Key Vendors  Boston Scientific Corporation, Medtronic, Abbott Laboratories, LivaNova PLC, Edwards Lifesciences Corporation, CryoLife, Biotronik, Colibri Heart Valve, JenaValve, TTK HealthCare  Key Market Opportunities  Adoption of minimally invasive surgeries  Key Market Drivers·  Innovative and easy to use product launches·  High investment in research and development of efficient solutions·  Increasing healthcare expenditure
Growth Rate   10.8%  Base Year  2020  Forecast Period  2032  Historical Data  2019  Forecast Units  Value (USD Million  Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors and Trends  Segments Covered  Valve Type, Surgery Type, End-User And Region  Geographies Covered  North America, Europe, Asia-Pacific, and Rest of the World (RoW)  Key Vendors  Boston Scientific Corporation, Medtronic, Abbott Laboratories, LivaNova PLC, Edwards Lifesciences Corporation, CryoLife, Biotronik, Colibri Heart Valve, JenaValve, TTK HealthCare  Key Market Opportunities  Adoption of minimally invasive surgeries  Key Market Drivers·  Innovative and easy to use product launches·  High investment in research and development of efficient solutions·  Increasing healthcare expenditure

Global Aortic Valve Market Overview


The Aortic Valve Market Size was valued at USD 14.06 Billion in 2023. The Global Aortic Valve industry is projected to grow from USD 16.10 Billion in 2024 to USD 47.59 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.02% during the forecast period (2024 - 2032).


Aortic Valve Market


There has been significant growth in the adoption of minimally invasive surgeries in the past few years, which is why demand for aortic valves is also increasing. The key players involved in this market are actively focusing upon building partnerships, collaborations, and joint ventures with hospitals and ambulatory centers in different countries to strengthen their position in the market. Moreover, there is an increasing growth in cardiovascular diseases, which pushes the need for efficient aortic valves in the developing as well as underdeveloped regions.


Market Influencer


Several government authorities and associations from developed and developing regions have focused on increasing awareness about valve replacement procedures is contributing to the growth of the market. For instance, the European Society of Cardiology organizes ESC Congress where heart experts from more than 150 countries come together to attend scientific sessions.


Aortic Valve Market Trends


Market Drivers



  • The increasing geriatric population is directly attributing to rising cardiac complications. According to the United Nations, in 2017, more than 960 people were aged 60 or above across the globe



  • The growing prevalence of cardiovascular disorders is providing favorable conditions for rising cardiac surgeries and eventually it is responsible for increasing demand for the aortic valve. For instance, Moreover, according to the European Cardiovascular Disease Statistics 2017, each year cardiovascular disease (CVD) causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU)



  • Innovative and easy to use product launches in recent years



  • High investment in research and development for the development of efficient solutions



  • Increasing healthcare expenditure in developing countries is likely to provide favorable conditions for the growth of the market



  • Rising support from regulatory authorities to control cardiovascular diseases


Market Restraints



  • Product recalls due to the safety concerns are likely to hamper the market growth

  • Stringent regulatory landscape for approval of aortic valves


Aortic Valve Market Segment Insights


Aortic Valve Valve Type Insights


Mechanical: Mechanical valve is the most common type used in the aortic valve replacement procedures. It is made up of plastic or metal and has a longer life than tissue valves. On-X Prosthetic Heart Valves, Medtronic open pivot, Abbott Regent are some well-known brands of mechanical valves. This segment is likely to hold the largest market share owing to the increasing number of transcatheter aortic valve in replacement procedures
Biological: The biological valves segment is expected to be the fastest-growing segment due to the rising adoption of biological valves and increasing prevalence of aortic stenosis in Western countries. According to the MRFR analysis, the prevalence of aortic stenosis in European countries is 0.2% in adults aged 50 to 59, 1.3% in adults aged 60 to 69, and up to 9.8% in patients 80 to 89.

Aortic Valve Surgery Type Insights


Minimally invasive surgeries: This segment is estimated to hold maximum market share during the forecast period. The growth of this segment is attributed to the growing popularity of transcatheter aortic valve replacement due to the shorter hospital stays, less pain, and faster recovery as compared to other procedures. For instance, according to the Society of Thoracic Surgeons/ACC Transcatheter Valve Therapy (TVT), in the US, the number of TAVR procedures performed increased from 5,000 in 2007 to 50,000 in 2017.
Open surgery: Open surgeries are the most common procedures in aortic valve replacement. This segment holds significant market share during the forecast period due to the cost-effectiveness of open surgeries.

Aortic Valve End-User Insights


Hospitals: The majority of the aortic valve replacement is surgically performed in hospitals. Thus, hospitals are major consumers of aortic valve replacement products. The market growth of the segment is majorly attributed to the increasing number of patients getting monitored with cardiovascular diseases, growing installation of cardiac valves, and the rising rate of cardiovascular procedures.
Ambulatory Surgery Centers: Ambulatory centers provide medical care on an outpatient basis, including diagnosis, observation, consultation, treatment, intervention, and rehabilitation services. Sometimes these centers can include advanced medical technology and procedures even when provided outside hospitals.
Others: It includes specialty centers, surgical centers

Aortic Valve Regional Insights


Americas: Americas is estimated to be the largest regional market owing to the presence of prominent players in the major countries in America. Major market players such as Boston Scientific Corporation, Medtronic, Abbott laboratories, and Edwards Lifesciences Corporation have a significant presence in the Americas. The region is anticipated to dominate the global aortic valve market owing to the rising prevalence of cardiovascular diseases in the region. According to the American College of Cardiology Foundation, in 2017 approximately 356,461 Americans had an out-of-hospital cardiac arrest.
Europe: The European region holds the second largest share as there is increasing support from regulatory authorities to control cardiovascular diseases. Moreover, the growing prevalence of heart diseases in the region has led to an increase in adoption of aortic valves.
Asia-Pacific: The Asia-Pacific region is anticipated to be the fastest-growing region in the global aortic valve market. This region is witnessing a surge due to the increasing geriatric population and changing lifestyle in developing countries such as India. According to the World Bank Group, Japan has the largest number of geriatric populations accounting for around 27.8% of the total population. Additionally, the increasing healthcare expenditure in this region is anticipated to drive growth in the market.
Middle East & Africa: The smallest market due to limited healthcare infrastructure and limited exposure to innovative solutions.

Aortic Valve Market Key Players


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