Aortic Segment Held Largest Share of Bovine Pericardial Valve Market in 2019

According to our new market research study on “North America Bovine Pericardial Valve Market to 2027 – Regional Analysis and Forecast – by Valve Type, Alloy and End-User” the market is expected to reach US$ 1,721.15 million by 2027 from US$ 798.81 million in 2019; it is estimated to grow at a CAGR of 10.2% from 2020 to 2027. The report provides trends prevailing in the North America bovine pericardial valve market and the factors driving the market growth along with those hindering it.

Based on valve type, in 2019, the aortic segment held the largest share of the market and is expected to grow at the fastest CAGR during the forecast period. This segment is likely to witness a lucrative growth owing to increasing development in transcatheter aortic valve implantation procedures leading to progressively large number of patients undergoing the surgery. Moreover, these surgical procedures are now been reimbursed by the Centers of Medicare and Medicaid (CMS) that contributes as another factor for the growth of the segment.

The growth of the North America bovine pericardial valve market is mainly attributed as increasing incidence of cardiovascular diseases (CVD) and congenital heart diseases (CHD) and advantages of tissue-based heart valves over mechanical valves in the country. However, the limitations associated with the tissue-based valves is the major factor hindering the market growth in North America.

A few of the leading companies operating in the North America Bovine pericardial valve market are Abbott, Boston Scientific Corporation, Edwards Lifesciences Corporation, Medtronic, and LivaNova PLC.

North America Bovine pericardial valve market

The report segments North America Bovine pericardial valve market as follows:

North America Bovine pericardial valve Market – By Valve Type

• Aortic
• Mitral
• Others

North America Bovine pericardial valve Market – By Alloy

• Cobalt-Chrome
• Titanium
• Nickel-Molybdenum
• Others

North America Bovine pericardial valve Market – By End-User

• Hospitals
• Cardiac Centers
• Ambulatory Surgical Centers

North America Bovine pericardial valve Market – By Country

• North America
  • US
  • Canada
  • Mexico