Transcatheter Aortic Valve Market to Boom in Near Future by 2025
Posted by Shristi on October 1st, 2019
“The Global Transcatheter Heart Valve Market was valued around US$ XX Mn by 2018 and growing at a CAGR of 18% over next seven years 2019-2025 due to increase in number of patients with narrowed or leaky pulmonary valve”.
The global transcatheter heart valve market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Growing prevalence of mitral regurgitation and aortic stenosis, increasing spending on research and development together with new product launches, increase in number of patients with narrowed or leaky pulmonary valve, rising ageing population and prevalence of heart valve disease are some key factors fostering the market growth. However, factors such as lack of awareness, high cost of transcatheter heart valve and several risk associated with procedure are hindering the market growth.
Global transcatheter heart valve market segmented on the basis of product type, procedure type and end-user and region.
Transcatheter Aortic Valve Replacement dominate the Global Transcatheter Heart Valve Market
Based on product type, global transcatheter heart valve market is segmented into transcatheter aortic valve replacement and Transcatheter mitral valve repair. Trans Catheter Aortic Valve Replacement held considerable market growth during estimated period. Transcatheter aortic valve replacement is a process that provides a replacement valve in much the same way that a cardiac stent is implanted. These innovative valves, constructed from a combination of animal tissue and metal mesh, are provided through a thin wire (catheter) and extended in place over the existing valve. This process does not need stopping the heart or opening the chest cavity. Once in place, the valve instantly begins functioning. It is sometimes also called transcatheter aortic valve implantation.
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PBI’s global transcatheter heart valve market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Europe accounted for larger revenue share in global transcatheter heart valve market with considerable CAGR due to technological advancements and increased heart-related disorders such as mitral regurgitation and aortic stenosis. Also, increasing elderly population in these countries is the other factor responsible for the market growth in this region.
Strategic Approvals are the Key Strategies Adopted by Market Players
Global transcatheter heart valve market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In June 2017, U.S. FDA approved Edwards Sapien 3 transcatheter heart valve (by Edwards Lifesciences Corporation), a transcatheter heart valve replacement device.
Key player’s profiles in the report are Edwards Lifesciences Corporation (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.) and Medtronic (U.S).
Precision Business Insights (PBI) in its report titled “Global Transcatheter Heart Valve Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
For More Information @ https://www.precisionbusinessinsights.com/market-reports/global-transcatheter-heart-valve-market/
By Product Type
By Procedure Type
Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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