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  4. > Global Market Study on Heart Valve Repair and Replacement: Asia Pacific to Witness Highest Growth by 2020

The heart is a muscular organ positioned at the superior surface of the diaphragm. Its primary function is to pump blood into the veins and arteries. Heart valves are thin flaps of tissue in the mammalian heart, which ensure unidirectional flow of blood between the four chambers during the cardiac cycle. The main valves in the human heart are tricuspid valve, mitral valve, pulmonary valve, and aortic valve. Valvular abnormalities are mainly of two forms: stenosis - narrowing of the valve, which causes accumulation of blood, and regurgitation - failure of the valve to close properly (), which causes blood to leak back into the heart. The symptoms of heart valve diseases vary depending on the valve affected and its severity. Heart valve disease is a mechanical problem and hence, heart valve surgery is `eventually needed to repair or replace a damaged valve.

North America dominates the global market for heart valve repair and replacement due to rising aging population and increasing prevalence of lifestyle-associated diseases leading to cardiovascular diseases. The hear valve repair and replacement market in Asia Pacific is expected to show high growth rates over the next five years. China and India are expected to be the fastest growing markets in the region. Some of the key driving factors of the heart valve repair and replacement market in emerging countries are rising disposable income, large pool of patients, growing medical tourism, and changing lifestyles and associate conditions in the region.

Elderly people have low regenerative abilities and are susceptible to heart diseases such as aortic stenosis and ischemic mitral regurgitation. Moreover, sedentary lifestyles and junk food habits are increasing obesity, and, in turn, increasing prevalence of cardiovascular diseases in developed and developing countries. Growing geriatric population, technological advancements in heart valve repair and replacement, and change in lifestyles and associated conditions leading to cardiovascular disorder are some of the factors fuelling the growth of the global heart valve repair and replacement market. On the other hand, risks and complications associated with heart valve repair and replacement surgeries such as irregular heart rhythm, breathing problems, and embolism inhibits the growth of the market. Furthermore, lack of primary healthcare infrastructure in developing countries is a major concern for the market.

This report provides in-depth analysis and estimation of heart valve repair and replacement market for the period 2014-2020, considering 2013 as the base year for calculation. Moreover, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The heart valve repair and replacement market is categorized on the basis of type of procedure, type of replacement, and geography. Based on type of procedure, the market comprises heart valve repair and heart valve replacement. On the basis of type of replacement, the market is categorized as mechanical heart valve, tissue heart valve, and transcathater heart valve. On the basis of geography, the report identifies and analyzes the market size and predictions for North America, Europe, Asia Pacific, and Rest of the World (RoW).

Some of the major players in the heart valve repair and replacement market are Edwards Lifesciences Corporation, St. Jude Medical, Inc., Medtronic, Inc., Sorin Group, Boston Scientific Corporation, and Abbott Laboratories, Inc. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

Table Of Contents

Global Market Study on Heart Valve Repair and Replacement: Asia Pacific to Witness Highest Growth by 2020
Chapter 1 Preface

1.1 Report Description

1.2 Research Methodology

1.3 Assumptions

Chapter 2 Market Synopsis

Chapter 3 Porter's Five Forces Analysis

3.1 Bargaining Power of Suppliers

3.2 Bargaining Power of Buyers

3.3 Threat of New Entrants

3.4 Threat of Substitutes

3.5 Intensity of Rivalry

Chapter 4 Industry Overview

4.1 Market Definition

4.2 Market Drivers

4.2.1 Growing geriatric population

4.2.2 Changing lifestyles and associated conditions leading to cardiovascular disorders

4.2.3 Rise in medical tourism

4.2.4 Technological advancements in heart valve repair and replacement surgeries and devices

4.3 Impact Analysis of Market Drivers

4.4 Market Restraints

4.4.1 Risks and complications associated with heart valve repair and replacement surgeries

4.4.2 Lack of primary healthcare infrastructure in developing countries

4.5 Impact Analysis of Market Restraints

4.6 Market Trends

4.6.1 Growing product innovation

Chapter 5 Global Market Size and Forecast

Chapter 6 Market Size and Forecast by Type of Procedure

6.1 Heart Valve Repair

6.2 Heart Valve Replacement

Chapter 7 Market Size and Forecast by Type of Replacement

7.1 Mechanical Heart Valve

7.2 Tissue Heart Valve

7.3 Transcathater Heart Valve

Chapter 8 Market Size and Forecast by Geography

8.1 North America

8.2 Europe

8.3 Asia Pacific

Chapter 9 Competitive Scenario

9.1 Company Share Analysis

Chapter 10 Company Profiles

10.1 Edwards Lifesciences Corporation (Edwards)

10.1.1 Company overview

10.1.2 Products and services

10.1.3 Financial performance

10.1.4 Key developments

10.2 St. Jude Medical, Inc.

10.2.1 Company overview

10.2.2 Products and services

10.2.3 Financial performance

10.2.4 Key developments

10.3 Sorin Group

10.3.1 Company overview

10.3.2 Products and services

10.3.3 Financial performance

10.3.4 Key developments

10.4 Boston Scientific Corporation

10.4.1 Company overview

10.4.2 Products and services

10.4.3 Financial performance

10.4.4 Key developments

10.5 Medtronic, Inc.

10.5.1 Company overview

10.5.2 Products and services

10.5.3 Financial performance

10.5.4 Key developments

10.6 CryoLife, Inc.

10.6.1 Company overview

10.6.2 Products and services

10.6.3 Financial performance

10.6.4 Key developments

10.7 Colibri Heart Valve, LLC

10.7.1 Company overview

10.7.2 Products and services

10.7.3 Financial performance

10.7.4 Key developments

10.8 Abbott Laboratories, Inc. (Abbott)

10.8.1 Company overview

10.8.2 Products and serices

10.8.3 Financial performance

10.8.4 Recent developments

10.9 On-X Life Technologies, Inc.

10.9.1 Company overview

10.9.2 Products and services

10.9.3 Financial performance

10.9.4 Key developments

10.10 Neovasc, Inc.

10.10.1 Company overview

10.10.2 Products and services

10.10.3 Financial performance

10.10.4 Key developments

List of Tables

TABLE 1 Market snapshot: heart valve repair and replacement market, 2014 and 2020

TABLE 2 Types of heart valves

TABLE 3 Cost of heart valve replacement surgery in various countries

TABLE 4 Drivers for heart valve repair and replacement market: Impact analysis

TABLE 5 Restraints for global heart valve repair and replacement market: Impact analysis

TABLE 6 Some of the products launched by various companies

TABLE 7 Global heart valve repair and replacement market size, by region, 2010 - 2013 (USD million)

TABLE 8 Global heart valve repair and replacement market size, by region, 2014 - 2020 (USD million)

TABLE 9 Global heart valve repair and replacement market size, by type of procedure, 2010 - 2013 (USD million)

TABLE 10 Global heart valve repair and replacement market size, by type of procedure, 2014 - 2020 (USD million)

TABLE 11 Global heart valve repair and replacement market size, by type of replacement, 2010 - 2013 (USD million)

TABLE 12 Global heart valve repair and replacement market size, by type of replacement, 2014 - 2020 (USD million)

TABLE 13 Global heart valve repair market size, by region, 2010 - 2013 (USD million)

TABLE 14 Global heart valve repair market size, by region, 2014 - 2020 (USD million)

TABLE 15 Global heart valve replacement market size, by region, 2010 - 2013 (USD million)

TABLE 16 Global heart valve replacement market size, by region, 2014 - 2020 (USD million)

TABLE 17 Global mechanical heart valve market size, by region, 2010 - 2013 (USD million)

TABLE 18 Global mechanical heart valve market size, by region, 2014 - 2020 (USD million)

TABLE 19 Global tissue heart valve market size, by region, 2010 - 2013 (USD million)

TABLE 20 Global tissue heart valve market size, by region, 2014 - 2020 (USD million)

TABLE 21 Global transcathater heart valve market size, by region, 2010 - 2013 (USD million)

TABLE 22 Global transcathater heart valve market size, by region, 2014 - 2020 (USD million)

TABLE 23 The North American heart valve repair and replacement market size, by country, 2010 - 2013 (USD million)

TABLE 24 The North American heart valve repair and replacement market size, by country, 2014 - 2020 (USD million)

TABLE 25 The European heart valve repair and replacement market size, by country, 2010 - 2013 (USD million)

TABLE 26 The European heart valve repair and replacement market size, by country, 2014 - 2020 (USD million)

TABLE 27 The Asia Pacific heart valve repair and replacement market size, by country, 2010 - 2013 (USD million)

TABLE 28 The Asia Pacific heart valve repair and replacement market size, by country, 2014 - 2020 (USD million)

TABLE 29 Major products segments of Edwards Lifesciences Corporation

TABLE 30 Major products segments of St. Jude Medical, Inc

TABLE 31 Major products segments of Sorin Group

TABLE 32 Major products segments of Boston Scientific Corporation

TABLE 33 Major products segments of Medtronic, Inc.

TABLE 34 Major products segments of CryoLife, Inc.

TABLE 35 Major products segments of Colibri Heart Valve, LLC

TABLE 36 Major products segments of Abbott Laboratories, Inc.

TABLE 37 Major products segments of On-X Life Technologies, Inc.

TABLE 38 Major products segments of Neovasc, Inc.

List of Figures

FIG. 1 Heart valve repair and replacement market: Porter's five force analysis

FIG. 2 Cardiac cycle

FIG. 3 Types of heart valve procedure

FIG. 4 Aging population in major regions, 2000 - 2050 (% share in total population)

FIG. 5 Prevalence of overweight or obese males aged 30 years and above, 2005 and 2015, (%)

FIG. 6 Prevalence of overweight or obese females aged 30 years and above, 2005 and 2015 (%)

FIG. 7 Global heart valve repair and replacement market share, by region, by value, 2013

FIG. 8 Global heart valve repair and replacement market share, by type of procedure, by value, 2013

FIG. 9 Global heart valve repair and replacement market share, by type of replacement, by value, 2013

FIG. 10 Global heart valve repair and replacement market share, by region, by value, 2013

FIG. 11 Global heart valve replacement market share, by region, by value, 2013

FIG. 12 Global mechanical heart valve market share, by region, by value, 2013

FIG. 13 Global tissue heart valve market share, by region, by value, 2013

FIG. 14 Global transcathater heart valve market share, by region, by value, 2013

FIG. 15 The North American heart valve repair and replacement market share, by country, by value, 2013

FIG. 16 The European heart valve repair and replacement market share, by country, by value, 2013

FIG. 17 The Asia Pacific heart valve repair and replacement market share, by country, by value, 2013

FIG. 18 Company share of the heart valve repair and replacement market

FIG. 19 Net sales and net income of Edwards Lifesciences Corporation, 2012 - 2014 (USD million)

FIG. 20 Net sales and net income of St. Jude Medical, Inc., 2012 - 2014 (USD million)

FIG. 21 Net revenue and net profit of Sorin Group, 2011 - 2013 (USD million)

FIG. 22 Net sales and net income of Boston Scientific Corporation, 2012 - 2014 (USD million)

FIG. 23 Net sales and net earnings of Medtronic, Inc., 2012 - 2014 (USD million)

FIG. 24 Revenue and net income of CryoLife, Inc., 2012 - 2014 (USD million)

FIG. 25 Abbott net sales and net earnings, 2011 - 2013 (USD million)

FIG. 26 Revenue and net income/loss of Neovasc, Inc., 2011 - 2013 (USD million)

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