Cardiac Valve Market size is expected to grow at a CAGR of 20.5 % through 2021 to 2027, reaching nearly US$ 4.06 Bn

  • According to the Stellar Market research report "Cardiac Valve Market with COVID-19 Impact Analysis by Type, End User, and Region- Global Forecast to 2027", the Cardiac Valve market size is expected to grow from USD 1.10 billion in 2020 to USD 4.06 billion in 2027; it is expected to grow at a CAGR of 20.5 % from 2021 to 2027.

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    Cardiac Valve Market Outlook:

    Cardiac diseases are a broad term that refers to a variety of ailments that affect the heart. Because of the growing patient population suffering from cardiovascular disorders, the number of heart valves implanted has increased dramatically over the previous decade. Cardiac valves ensure that blood flow is unbroken by controlling blood pressure. Through the forecast period, technical improvements in cardiac valve devices, increased prevalence of congenital heart defects (CHD), and a growing geriatric population are expected to provide favorable conditions for market growth.

    The adoption of renewable energy sources is encouraged by rising electricity demand and government programs, which enhances the Cardiac Valve sector. The market is moving forward thanks to government incentives and tax benefits for successfully using barren land for solar power projects. Other aspects that favor the global market include increased industrialization in emerging countries and low solar power installation operation and maintenance costs.

    For the next five years, solar photovoltaic (PV) technology is expected to contribute to the most yearly renewable capacity expansions, well-outpacing wind and hydro. Through economies of scale, the solar PV business has substantially reduced costs during the last six years. Prices have plunged as the market has been swamped with equipment, and the cost of solar panels has dropped tremendously, resulting in a surge in solar PV system installation.

    Utility-scale PV systems have dominated the PV market in recent years, but due to their favorable economics when combined with increased self-consumption, distributed PV systems, especially in the commercial and industrial sectors, have become crucial in many nations. The continued cost decrease of PV systems favors growing off-grid applications, which drives the solar PV business.


    Cardiac Valve Market


    Cardiac Valve Market Trend:

    One of the most difficult aspects of cardiac valve surgery is that each patient's heart valve architecture is unique, especially in the case of the mitral valve. The most important Heart Valves Market trend is the research and development of 3D printed customized hearts. Strait Access Technologies, a South African firm, and scientists at ETH Zurich are working on a personalized silicone cardiac valve using 3D printing technology. In comparison to traditional heart valves, personalized heart valves can be easily tailored to the patient's anatomy in less than an hour and a half. This will also aid in the enhancement of clinical results. As a result, the development of such customized valves is expected to boost market growth through the forecast period.

    Cardiac Valve Market Regional Insights:

    North America is likely to maintain its dominance in the global heart valve devices market, with more than two-fifths of the total. As more people adopt technologically advanced heart valve repair devices to reduce treatment times and procedures, the market is likely to grow. Furthermore, increasing FDA approvals of transcatheter aortic valves are boosting revenue shares of major market players, boosting the total heart valve devices market.

    Cardiac Valve Market Key Players:

    • Edwards Lifesciences Corporation
    • St. Jude Medical, Inc
    • LivaNova PLC
    • Symetis SA
    • Jenavalve Technology, Inc.
    • Colibri Heart Valve
    • CryoLife, Inc.
    • TTK Healthcare Limited
    • Lepu Medical Technology Co., Ltd.
    • Boston Scientific Corporation
    • Medtronic plc
    • Braile Biomédica

    Cardiac Valve Market Segmentation:

    Market segmentation makes it effortless for marketers to create campaigns by allowing them to focus on certain client groups rather than the whole public. Segmenting data allows marketers to be more efficient in terms of time, money, and other resources. Clients can use market segmentation to better understand their customers. Client gains a better insight into their consumers' needs and desires, allowing them to tailor campaigns to the customer segments most likely to purchase products.

    By Type

    • Tissue Heart Valve
    • Transcatheter Heart Valve
    • Mechanical Heart Valve

    By End-User

    • Hospitals
    • Specialty Clinics
    • Others

    By Region

    • North America
    • Europe
    • Asia Pacific
    • MEA
    • South America

    Cardiac Valve Market

    About Stellar Market Research:

    Stellar Market Research, an India-based consulting and advisory company, was founded in 2018 with the goal of helping clients reach their business transformation goals through consulting services and strategic business planning. As a strategic knowledge partner, the company's goal is to be an integral part of the customer's business. The firm makes recommendations to help shape future organizations. Since its establishment in November 2018, the company has been fully funded by revenue. To date, the company has worked with more than 335 companies in 25 industries to provide reliable data with 94% accuracy.

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