The Latin America, Middle East and Africa Prosthetic Heart Valve Market would witness market growth of 12.7% CAGR during the forecast period (2022-2028).
Valve replacement surgery, which was first performed in the early 1960s, has significantly improved the outcomes of patients with valvular heart disease. Each year, a considerable number of valve substitutes are implanted in various countries all over the world. Approximately, half are mechanical valves and the other half are bioprosthetic valves. Despite significant advancements in prosthetic valve design as well as surgical procedures in recent decades, valve replacement does not ensure a patient's complete recovery. Instead, prosthetic valve disease is substituted for native valve disease, and prosthetic valve hemodynamics, longevity, and thrombogenicity determine the outcome of patients undergoing valve replacement.
In the region, the number of patients with valvular disorders is rising. One of the reasons driving the number of valvular diseases is the increasing age of the regional population. According to Statistics South Africa, South Africa's population is estimated to be 56.5 million people, according to the latest mid-year population estimates released by Statistics South Africa (Stats SA). Moreover, South Africa's elderly population (those aged 60 and more) is increasing, reaching 8.1% in 2017. South Africa has 4.6 million people above the age of 60. South Africa's mid-year population estimates reveal regional differences in aging. While the elderly population makes up about a quarter of the population in Gauteng, they also make up 7.7% of the total population. In the Eastern Cape, however, only 12% of the elderly live there, yet, geriatric people make up approximately 10% of the population.
Furthermore, the healthcare industry of the country is also flourishing. According to the International Trade Administration, in terms of real purchasing power, the healthcare industry in South Africa is extremely complex and diversified. A reputed and experienced distributor is usually required for entry. The government is the largest buyer of healthcare supplies and equipment, especially in primary care. Hence, due to the rising prevalence of valvular disease as a result of the increasing elderly population, and the rapidly expanding healthcare infrastructure of the regional countries, the adoption of artificial heart valves is estimated to surge in the region. This factor is augmenting the growth of the regional prosthetic heart valve market.
The Brazil market dominated the LAMEA Prosthetic Heart Valve Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $198.1 million by 2028. The Argentina market is experiencing a CAGR of 13.3% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 12.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Prosthetic Heart Valve Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Prosthetic Heart Valve Market, by End User
1.4.2 LAMEA Prosthetic Heart Valve Market, by Product
1.4.3 LAMEA 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. LAMEA Prosthetic Heart Valve Market by End User
4.1 LAMEA Hospitals & Cardiac Centers Market by Country
4.2 LAMEA Ambulatory Surgical Centers & Others Market by Country
Chapter 5. LAMEA Prosthetic Heart Valve Market by Product
5.1 LAMEA Transcatheter Market by Country
5.2 LAMEA Tissue Market by Country
5.3 LAMEA Mechanical Market by Country
Chapter 6. LAMEA Prosthetic Heart Valve Market by Country
6.1 Brazil Prosthetic Heart Valve Market
6.1.1 Brazil Prosthetic Heart Valve Market by End User
6.1.2 Brazil Prosthetic Heart Valve Market by Product
6.2 Argentina Prosthetic Heart Valve Market
6.2.1 Argentina Prosthetic Heart Valve Market by End User
6.2.2 Argentina Prosthetic Heart Valve Market by Product
6.3 UAE Prosthetic Heart Valve Market
6.3.1 UAE Prosthetic Heart Valve Market by End User
6.3.2 UAE Prosthetic Heart Valve Market by Product
6.4 Saudi Arabia Prosthetic Heart Valve Market
6.4.1 Saudi Arabia Prosthetic Heart Valve Market by End User
6.4.2 Saudi Arabia Prosthetic Heart Valve Market by Product
6.5 South Africa Prosthetic Heart Valve Market
6.5.1 South Africa Prosthetic Heart Valve Market by End User
6.5.2 South Africa Prosthetic Heart Valve Market by Product
6.6 Nigeria Prosthetic Heart Valve Market
6.6.1 Nigeria Prosthetic Heart Valve Market by End User
6.6.2 Nigeria Prosthetic Heart Valve Market by Product
6.7 Rest of LAMEA Prosthetic Heart Valve Market
6.7.1 Rest of LAMEA Prosthetic Heart Valve Market by End User
6.7.2 Rest of LAMEA 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 LAMEA Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 7 LAMEA Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 8 LAMEA Hospitals & Cardiac Centers Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Hospitals & Cardiac Centers Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Ambulatory Surgical Centers & Others Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Ambulatory Surgical Centers & Others Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 13 LAMEA Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 14 LAMEA Transcatheter Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Transcatheter Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Tissue Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Tissue Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Mechanical Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Mechanical Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Prosthetic Heart Valve Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Prosthetic Heart Valve Market by Country, 2022 - 2028, USD Million
TABLE 22 Brazil Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 23 Brazil Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 24 Brazil Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 25 Brazil Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 26 Brazil Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 27 Brazil Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 28 Argentina Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 29 Argentina Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 30 Argentina Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 31 Argentina Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 32 Argentina Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 33 Argentina Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 34 UAE Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 35 UAE Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 36 UAE Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 37 UAE Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 38 UAE Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 39 UAE Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 40 Saudi Arabia Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 41 Saudi Arabia Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 42 Saudi Arabia Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 43 Saudi Arabia Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 44 Saudi Arabia Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 45 Saudi Arabia Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 46 South Africa Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 47 South Africa Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 48 South Africa Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 49 South Africa Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 50 South Africa Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 51 South Africa Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 52 Nigeria Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 53 Nigeria Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 54 Nigeria Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 55 Nigeria Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 56 Nigeria Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 57 Nigeria Prosthetic Heart Valve Market by Product, 2022 - 2028, USD Million
TABLE 58 Rest of LAMEA Prosthetic Heart Valve Market, 2018 - 2021, USD Million
TABLE 59 Rest of LAMEA Prosthetic Heart Valve Market, 2022 - 2028, USD Million
TABLE 60 Rest of LAMEA Prosthetic Heart Valve Market by End User, 2018 - 2021, USD Million
TABLE 61 Rest of LAMEA Prosthetic Heart Valve Market by End User, 2022 - 2028, USD Million
TABLE 62 Rest of LAMEA Prosthetic Heart Valve Market by Product, 2018 - 2021, USD Million
TABLE 63 Rest of LAMEA 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