The Europe Prosthetic Heart Valve Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
Prosthetic heart valves (PHVs) are used to replace defective natural valves in patients with valvular incompetence, stenosis, or both. Due to variables, such as the aging population and the rising number of people diagnosed with heart valve disorders, heart valve replacement procedures are in high demand. Native heart valves that need to be replaced are increasingly being replaced with prosthetic heart valves. In terms of hemodynamics and side effects, the objective of a surgically implanted valve is for it to act like a natural valve (low thrombogenicity). Manufacturers have been able to build exceptionally effective, long-lasting prostheses with enhanced hemodynamics due to considerable technological advancements in recent years, resulting in a surge in the demand for artificial, or prosthetic, heart valves.
Countries in this region comprise one of the best healthcare infrastructures in the world. According to the International Trade Administration, the medical equipment market in Germany is very robust and well-established. Brands like Siemens, Carl Zeiss, and Dragerwerk can be linked to a long history of creating high-quality medical equipment, with a focus on diagnostic imaging, precision medical and dental tools, and optical technology. In addition, Germany has the world's third-biggest medical technology market, and also, the largest European market, twice the size of France and three times the size of Italy, the United Kingdom, and Spain. The German medical device sector is one of the most profitable in the world, accounting for around USD 35.8 billion per year, or 25.6 percent of the whole European market.
Moreover, Sweden has one of the best and most sophisticated healthcare systems in the world. Overall, the population of ten million people is in excellent health. Sweden spends approximately 11% of its GDP on health and medical services, which is comparable to the majority of other European countries. The infant mortality rate in the first year of life is less than 2.6 deaths per 1,000, and males have an average life expectancy of 80 years and women have an average life expectancy of 84 years. Due to the robust healthcare system along with a well-established medical equipment market, the adoption of prosthetic heart valves is estimated to spur in the region. The growth of the regional market is accelerated owing to this.
The Germany market dominated the Europe Prosthetic Heart Valve Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $878 million by 2028. The UK market is poised to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The France market would display a CAGR of 11.3% during (2022 - 2028).
Based on End User, the market is segmented into Hospitals & Cardiac Centers and Ambulatory Surgical Centers & Others. Based on Product, the market is segmented into Transcatheter, Tissue, and Mechanical. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Prosthetic Heart Valve Market will Hit $13.3 Billion by 2028, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Boston Scientific Corporation, Medtronic PLC, Abbott Laboratories, Meril Life Science Private Limited, Colibri Heart Valve LLC, Artivion, Inc., TTK Healthcare Limited, Edwards Lifesciences Corporation, JenaValve Technology, Inc., and Micro Interventional Devices, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Hospitals & Cardiac Centers
- Ambulatory Surgical Centers & Others
By Product
- Transcatheter
- Tissue
- Mechanical
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Boston Scientific Corporation
- Medtronic PLC
- Abbott Laboratories
- Meril Life Science Private Limited
- Colibri Heart Valve LLC
- Artivion, Inc.
- TTK Healthcare Limited
- Edwards Lifesciences Corporation
- JenaValve Technology, Inc.
- Micro Interventional Devices, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Prosthetic Heart Valve Market, by End User
1.4.2 Europe Prosthetic Heart Valve Market, by Product
1.4.3 Europe Prosthetic Heart Valve Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Approvals and Trials
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2019, Mar – 2021, Oct) Leading Players
Chapter 4. Europe Prosthetic Heart Valve Market by End User
4.1 Europe Hospitals & Cardiac Centers Market by Country
4.2 Europe Ambulatory Surgical Centers & Others Market by Country
Chapter 5. Europe Prosthetic Heart Valve Market by Product
5.1 Europe Transcatheter Market by Country
5.2 Europe Tissue Market by Country
5.3 Europe Mechanical Market by Country
Chapter 6. Europe Prosthetic Heart Valve Market by Country
6.1 Germany Prosthetic Heart Valve Market
6.1.1 Germany Prosthetic Heart Valve Market by End User
6.1.2 Germany Prosthetic Heart Valve Market by Product
6.2 UK Prosthetic Heart Valve Market
6.2.1 UK Prosthetic Heart Valve Market by End User
6.2.2 UK Prosthetic Heart Valve Market by Product
6.3 France Prosthetic Heart Valve Market
6.3.1 France Prosthetic Heart Valve Market by End User
6.3.2 France Prosthetic Heart Valve Market by Product
6.4 Russia Prosthetic Heart Valve Market
6.4.1 Russia Prosthetic Heart Valve Market by End User
6.4.2 Russia Prosthetic Heart Valve Market by Product
6.5 Spain Prosthetic Heart Valve Market
6.5.1 Spain Prosthetic Heart Valve Market by End User
6.5.2 Spain Prosthetic Heart Valve Market by Product
6.6 Italy Prosthetic Heart Valve Market
6.6.1 Italy Prosthetic Heart Valve Market by End User
6.6.2 Italy Prosthetic Heart Valve Market by Product
6.7 Rest of Europe Prosthetic Heart Valve Market
6.7.1 Rest of Europe Prosthetic Heart Valve Market by End User
6.7.2 Rest of Europe Prosthetic Heart Valve Market by Product
Chapter 7. Company Profiles
7.1 Boston Scientific Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Medtronic PLC
7.2.1 Company overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Approvals and Trials:
7.2.6 SWOT Analysis
7.3 Abbott Laboratories
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Acquisition and Mergers:
7.3.5.3 Approvals and Trials:
7.3.6 SWOT Analysis
7.4 Meril Life Sciences Private Limited
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 Colibri Heart Valve LLC
7.5.1 Company Overview
7.6 Artivion, Inc. (CryoLife, Inc.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Acquisition and Mergers:
7.7 TTK Healthcare Limited
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.8 Edwards Lifesciences Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 Recent strategies and developments:
7.8.5.1 Acquisition and Mergers:
7.8.5.2 Approvals and Trials:
7.9 JenaValve Technology, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Geographical Expansions:
7.10. Micro Interventional Devices, Inc.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Approvals and Trials:
TABLE 1 Europe Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 2 Europe Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 3 Approvals and Trials – Prosthetic Heart Valve Market
TABLE 4 Product Launches And Product Expansions – Prosthetic Heart Valve Market
TABLE 5 Acquisition and Mergers – Prosthetic Heart Valve Market
TABLE 6 Europe Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 7 Europe Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 8 Europe Hospitals & Cardiac Centers Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Hospitals & Cardiac Centers Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Ambulatory Surgical Centers & Others Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Ambulatory Surgical Centers & Others Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 13 Europe Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 14 Europe Transcatheter Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Transcatheter Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Tissue Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Tissue Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Mechanical Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Mechanical Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Prosthetic Heart Valve Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Prosthetic Heart Valve Market by Country, 2022 - 2028, USD Million
TABLE 22 Germany Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 23 Germany Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 24 Germany Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 25 Germany Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 26 Germany Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 27 Germany Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 28 UK Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 29 UK Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 30 UK Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 31 UK Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 32 UK Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 33 UK Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 34 France Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 35 France Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 36 France Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 37 France Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 38 France Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 39 France Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 40 Russia Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 41 Russia Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 42 Russia Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 43 Russia Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 44 Russia Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 45 Russia Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 46 Spain Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 47 Spain Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 48 Spain Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 49 Spain Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 50 Spain Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 51 Spain Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 52 Italy Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 53 Italy Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 54 Italy Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 55 Italy Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 56 Italy Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 57 Italy Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 58 Rest of Europe Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 59 Rest of Europe Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 60 Rest of Europe Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 61 Rest of Europe Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 62 Rest of Europe Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 63 Rest of Europe Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 64 key Information – Boston Scientific Corporation
TABLE 65 Key Information – Medtronic PLC
TABLE 66 Key Information – Abbott Laboratories
TABLE 67 Key Information – Meril Life Sciences Private Limited
TABLE 68 Key Information – Colibri Heart Valve LLC
TABLE 69 Key Information – Artivion, Inc.
TABLE 70 Key Information – TTK Healthcare Limited
TABLE 71 Key Information – Edwards Lifesciences Corporation
TABLE 72 Key Information – JenaValve Technology, Inc.
TABLE 73 Key Information – Micro Interventional Devices, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2019, Mar – 2021, Oct) Leading Players
FIG 5 Recent strategies and developments: Boston Scientific Corporation
FIG 6 SWOT Analysis: Boston Scientific Corporation
FIG 7 Swot analysis: Medtronic plc
FIG 8 Recent strategies and developments: Abbott Laboratories
FIG 9 Swot analysis: Abbott laboratories