PUBLISHER: The Insight Partners | PRODUCT CODE: 1873998
PUBLISHER: The Insight Partners | PRODUCT CODE: 1873998
The bovine pericardial valve market is anticipated to grow from US$ 3.14 billion in 2024 to US$ 6.08 billion by 2031, reflecting a compound annual growth rate (CAGR) of 9.9% from 2031 to 2031. An increase in reimbursement for cardiac valve surgeries is expected to be a significant trend in the bovine pericardial valve market.
Analysis of the Bovine Pericardial Valve Market
Bovine pericardial valves are extensively utilized in various medical fields, including bio-prosthetic heart valves, dural closure, dental and bone membranes, and surgical buttressing. The rising number of heart valve interventions is likely to promote the development of innovative treatments aimed at enhancing patient outcomes.
Overview of the Bovine Pericardial Valve Market
The demand for bovine pericardial valves in cardiovascular procedures, such as aortic valve replacements and treatments for congenital heart defects, is increasing due to their benefits compared to mechanical valves. These tissue valves, including those made from bovine pericardium, can be employed in both minimally invasive and open-heart surgeries. A key advantage of these valves is that they eliminate the need for lifelong warfarin therapy, which is necessary to prevent blood clots with mechanical valves, thereby reducing the risk of stroke or embolism for patients who choose tissue valves. Additionally, bioprosthetic valves are particularly suitable for elderly patients, who are more susceptible to the bleeding risks associated with warfarin during valve replacement procedures. Consequently, the benefits of bovine pericardial bioprosthetic heart valves over mechanical options are expected to drive market growth throughout the forecast period.
Drivers and Opportunities in the Bovine Pericardial Valve Market
Increasing Incidence of Heart Valve Diseases to Boost Market
The global rise in aortic valve replacement surgeries is fueling the demand for bovine pericardial valves. A study published in the Interdisciplinary CardioVascular and Thoracic Surgery in January 2024 analyzed a clinical trial involving 148 patients who underwent surgical aortic valve replacement with Cingular bovine pericardial bioprosthesis. The five-year follow-up indicated that this innovative bovine pericardial aortic valve demonstrated favorable safety and hemodynamic results.
Expanding Uses - Opportunities in Pediatric and Congenital Heart Conditions
Bovine pericardial valves are also utilized in pediatric heart valve replacements and repairs for congenital heart defects. An article published in Springer Link in April 2023 noted that bovine pericardium is frequently used as an alternative to autologous pericardium. The durability of bovine pericardial materials, including patches, varies based on the surgical technique and implantation site. The positive outcomes from surgeries using bovine pericardial valves are expected to lead to the creation of specialized valve designs and sizes for children, presenting future opportunities for the bovine pericardial valve market.
Segmentation Analysis of the Bovine Pericardial Valve Market
Key segments contributing to the analysis of the Bovine Pericardial Valve Market include valve type, alloy, and end user.
Geographical Analysis of the Bovine Pericardial Valve Market
The geographical scope of the bovine pericardial valve market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has been the leading region in the Bovine Pericardial Valve Market, driven by the rising prevalence of cardiovascular diseases, congenital heart defects, and the presence of major market players. The increasing adoption of bioprostheses, such as bovine pericardial valves, as alternatives to mechanical valves for heart interventions is expected to further enhance market growth in North America. Additionally, growth opportunities are anticipated in Canada and Mexico due to the rise in medical tourism and an increasing number of hospitals. The Asia Pacific region is projected to experience the highest CAGR in the coming years.
Scope of the Bovine Pericardial Valve Market Report
Recent Developments in the Bovine Pericardial Valve Market
The Bovine Pericardial Valve Market is assessed through qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Recent developments in the bovine pericardial valve market include:
Coverage and Deliverables of the Bovine Pericardial Valve Market Report
The report titled "Bovine Pericardial Valve Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas: