Prosthetic Heart Valve Market to Reach $30.3 billion, Globally, by 2035 at 11.1% CAGR

Allied Market Research

Rise in prevalence of structural heart valve diseases, increase in demand for minimally invasive procedures, surge in number of product approvals, and upsurge in geriatric population are the factors that drive the growth of the global prosthetic heart valve market.

PORTLAND, Ore., May 15, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Prosthetic Heart Valve Market by Product (Mechanical Heart Valve, Tissue Heart Valve, and Transcatheter Heart Valve): Global Opportunity Analysis and Industry Forecast, 2024-2035". According to the report, the "prosthetic heart valve market" was valued at $8.6 billion in 2023, and is estimated to reach $30.3 billion by 2035, growing at a CAGR of 11.1% from 2024 to 2035.

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Prime determinants of growth 

Surge in prevalence of structural heart valve diseases, increase in demand for minimally invasive procedures, rise in number of product approvals, and upsurge in geriatric population are the major factors that drive the growth of the global prosthetic heart valve market. However, the high cost and risks associated with treatment procedures for prosthetic heart valves restricts market growth. Moreover, growth opportunities in emerging markets and technological advancements in heart valve replacement devices are expected to present new opportunities in the coming years. 

Report coverage & details

Report Coverage	Details
Forecast Period	2023–2035
Base Year	2023
Market Size in 2023	$8.6 billion
Market Size in 2035	$30.3 billion
CAGR	11.1 %
No. of Pages in Report