Cardiac Valve Market Valued at $1.8 Billion in 2023, Expected to Reach $6.44 Billion by 2030 with a 20% CAGR

Cardiac Valve Market size was valued at US$ 1.8 Billion in 2023 and the Cardiac Valve revenue is expected to grow at 20% through 2024 to 2030, reaching nearly US$ 6.44 Billion.

Cardiac Valve Market Overview:

A one-way valve inserted into a patient's heart to replace a defective native heart valve is known as an artificial heart valve or cardiac valve. The tricuspid valve, pulmonic valve, mitral valve, and aortic valve are the four valves that contain the human heart. Their primary function is to maintain blood flow in one direction through the heart and out of the heart into the major blood arteries that supply it (the pulmonary artery and the aorta). Heart valves can fail for several causes, obstructing blood flow and/or allowing blood to flow backward through the valve (stenosis). Both procedures impose a load on the heart and can result in significant complications, such as heart failure. We as Stellar Marker Research provided the segment and size analysis along with the forecast values in cardiac valve market report on the basis of type, end-user and region.

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Cardiac Valve Market Dynamics:

Over the forecast period, the global Cardiac valve market is expected to grow due to the rising prevalence of valvular heart disease (VHD). According to the study 'Epidemiology and Trends of Aortic Stenosis Mortality in the United States (1999-2016)' published in the Journal of the American College of Cardiology in March 2019, aortic stenosis is linked to a mortality rate of 106.3 per 1 million people, with non-Hispanic whites having the highest mortality rate, followed by Hispanics, and non-Hispanic blacks.

Cardiac Valve Market Regional Analysis

North America is expected to maintain its dominance of the global market, accounting for more than two-fifths of the total. The market is expected to rise as more people use technologically enhanced heart valve repair devices to shorten treatment times and procedures. Additionally, rising FDA approvals of transcatheter aortic valves are improving revenue shares of major market participants, enhancing the total heart valve devices market. During the forecast period, the North American cardiac valve market is expected to grow at a CAGR of 13.7 percent.

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Cardiac Valve Market Segmentation:

The transcatheter cardiac valve sector is expected to account for a sizable portion of the worldwide market, thanks to factors such as ease of installation, an increase in the number of transcatheter cardiac valve surgical centres, and an increase in the patient population. The use of transcatheter heart valves for novel indications (treatment of intermediate-risk patients and high-risk patients) is likely to give several chances for market growth throughout the forecast period. In addition, the cardiac valve market for transcatheter cardiac valves is expected to grow due to an increase in the acceptance rate for the operation and new device approvals.

Leading Cardiac Valve Market key industry:

Edwards Lifesciences Corporation
St. Jude Medical, Inc
LivaNova PLC
Symetis SA
Jenavalve Technology, Inc.
Colibri Heart Valve
CryoLife, Inc.
TTK Healthcare Limited

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Key questions answered in the Cardiac Valve Market are:

What segments are covered in the Cardiac Valve Market report?
Which region is expected to hold the highest share in the Cardiac Valve Market?
What is the market size of the Cardiac Valve Market by 2030?
What is the forecast period for the Cardiac Valve Market?
What was the market size of the Cardiac Valve Market in 2023?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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