Transcatheter Heart Valve Market is anticipated to grow significantly in the forecast period owing to the prevalence of heart disorders among the geriatric population. Transcatheter heart valve implies minimally invasive surgery that repairs the valve without damaging the old one. It helps people live long which reduces the death rate. Mortality rate is comparatively higher in the elderly population, hence with the help of transcatheter heart valve, patient will not fall short of breath or suffer chest pain.
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The key driving factors responsible for the growth of Transcatheter
Heart Valve market :
Transcatheter heart valve market
is driven by several factors like rising prevalence of mitral regurgitation,
increasing demand for minimally invasive surgeries, technological
modernizations, improvements in surgeries, availability of reimbursement for
surgeries, and rising inclination of surgeons toward TAVR. Transcatheter heart
valve industry is also influenced by enhanced technology for effective and
swift heart-related treatments. However, the factors restraining the market
growth of transcatheter heart valve risks associated with the surgery,
significant cost of transcatheter heart valves and strict regulations for the
acceptance of transcatheter aortic valves.
New product launches along with
growing research & development activities are the trends observed in transcatheter
heart valves market. Moreover, existing vendors are emphasizing on the speedy
approvals of novel transcatheter heart valves which will help the players
sustain their market position.
Transcatheter heart valve market
is categorized on the basis of product type, surgical approach, end user, and
geography. On the basis of product type, the market is divided into
transcatheter mitral valve repair (TMVR) and transcatheter aortic valve
replacement (TAVR). Transcatheter aortic valve replacement segment leads
transcatheter heart valve industry since it is less invasive surgery and does
not need open heart procedure.
Based on surgical approach,
transcatheter heart valve market is divided into transaortic approach,
transapical approach and transfemoral approach. Transfemoral approach is
expected to register high market growth of transcatheter heart valve since
market vendors are highly focusing on investigational products. In terms of end
user, transcatheter heart valve industry is bifurcated into ambulatory surgical
centers, hospitals, and cardiac catheterization laboratories. Hospital segment
is expected to hold larger market share of transcatheter heart valve owing to
patients’ preference for effective healing services.
Geographically, transcatheter
heart valve market is segmented as North America, Latin America, Europe, Asia
Pacific and Middle East & Africa. North America is predicted to dominate
the market of transcatheter heart valve owing to the increasing technological
innovations in the domain.
The leading players in
transcatheter heart valve industry comprise Edwards Lifesciences, St. Jude
Medical, Medtronic, Direct Flow Medical, Bracco Group, JenaValve, Symetis,
BraileBiomedica, ValveXchange, Inc. and Boston Scientific Corporation.
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