Product Description
Overall, the global mechanical heart valve market was valued at $197 million in 2023. This is expected to decrease at a CAGR of -2% to $171 million over the forecast period.
The full report suite on the global market for mechanical heart valve includes prosthetic devices designed to replicate the function of the natural valves of the human heart. The market is also segmented by valve type between aortic, mitral, pulmonary and tricuspid mechanical valves. Abbott, Artivion, and Corcym were the top three market share leaders in the global mechanical heart valve market.
MARKET DATA INCLUDED
- Unit Sales, Average Selling Prices, Market Size & Growth Trends
- Procedure Numbers
- COVID-19 Impact Analysis
- Market Drivers & Limiters
- Market Forecasts Until 2030, and Historical Data to 2020
- Recent Mergers & Acquisitions
- Disease Overviews
- Company Profiles, Product Portfolios, and SWOT for Top Competitors
GLOBAL MECHANICAL HEART VALVE MARKET INSIGHTS
Recent developments in clinical evidence have mitigated the downturn in the mechanical heart valve market. Improved device technology has enhanced clinical outcomes, bolstering physician confidence in utilizing these devices for patient care. However, despite these advancements, the market is anticipated to continue its decline.
GLOBAL MECHANICAL HEART VALVE MARKET SHARE INSIGHTS
Abbott leads the mechanical heart valve market, offering the Masters HP™ and Regent™ lines. These valves come in sizes from 19 mm to 29 mm, with a 15-mm Masters HP™ option specifically for pediatric surgeries. Despite dominating the market, Abbott may lose some market share as it shifts its focus towards expanding markets, amidst a contracting number of competitors in this niche.
Artivion ranks as the second-leading player, providing Conform-X™, Anatomic™, and Standard™ mechanical heart valves. Its focused portfolio targets a core patient demographic, positioning Artivion for growth in market share by the end of the forecast period.
Corcym holds the third spot, with its Carbomedics™ line catering to aortic and mitral valve replacements, available in sizes from 19 mm to 33 mm. With a strategic focus solely on heart valves, Corcym is also expected to increase its market share by the forecast period’s conclusion.
MARKET SEGMENTATION SUMMARY
Procedures Included:
- Surgical Heart Valve Replacement – Mechanical Heart Valve – Segmented by:
- Valve type: aortic, mitral, tricuspid, pulmonary
RESEARCH SCOPE SUMMARY
| Report Attribute | Details |
|---|---|
| Regions | North America(Canada, United States) Latin America (Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Puerto Rico, Uruguay, Venezuela) Western Europe(Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Azerbaijan, Baltic States, Belarus, Bulgaria, Croatia, Czech Republic, Georgia, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine) Middle East(Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kyrgyzstan, Macao, Mongolia, Malaysia, Myanmar, New Zealand, Philippines, Pakistan, Singapore, South Korea, Taiwan, Thailand, Uzbekistan, Vietnam) Africa (Algeria, Egypt, Ethiopia, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
