“Global Heart Valves Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Heart Valves market. Heart valves are medical implants designed to replicate the functioning of the natural valves of the human heart. It includes mechanical, tissue, and transcatheter heart valves that can be placed in mitral, aortic, and other positions. They are manufactured using titanium, carbon, plastic, and tissues of humans and various animals, such as pigs, cows, and horses. Heart valves are widely used to replace dysfunctional valves in the heart due to age, congenital abnormalities, and certain diseases. They are highly durable, long-lasting, and biocompatible devices that rarely require replacement. Heart valves promote coordinated forward blood flow during the cardiac cycle and prevent the backward flow of blood.
The rising prevalence of valvular disorders, such as tricuspid regurgitation, aortic stenosis (AS), and organic and ischemic mitral regurgitation, are among the key factors driving the market growth. Heart valves are widely used to replace various dysfunctional valves in the heart, such as tricuspid, pulmonary, mitral, and aortic, which, in turn, ease symptoms, prevent death, and improve life expectancy. In addition to this, the increasing incidence of cardiovascular diseases (CVDs) due to diabetes, obesity, thyroid, and unhealthy habits that significantly increase the risk of heart failure, is acting as another growth-inducing factor. Furthermore, increasing demand for minimally invasive (MI) procedures, such as transcatheter aortic valve implantation (TAVI), that are less risky for patients, minimize infections, cause low bleeding and trauma, enhance recovery, and reduce hospital stay, is providing an impetus to the market growth. Additionally, the introduction of three-dimensional (3D) printing technology to produce regenerative heart valves from the patient’s cells, which grow as the individual ages and eliminate the need for replacement surgeries in young patients, is positively influencing the market growth. Such technology is also used to make custom heart valves that can be easily tailored to patients’ anatomy, thereby improving clinical outcomes. Other factors, including increasing consumer awareness regarding multiple product benefits, significant expansion in the healthcare industry, and rising investments in the research and development (R&D) of innovative products, are anticipated to drive the market growth.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the Heart Valves market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the Heart Valves market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the Heart Valves market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the Heart Valves industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Heart Valves industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Heart Valves industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Heart Valves industry. Furthermore, the value chain analysis of the Heart Valves industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Heart Valves Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Heart Valves industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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