Transcatheter Heart Valve Replacement Market will surpass US$ 6 Billion by 2024

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The repair and replacement of heart valve with open heart surgery is a decade old technology. There are several heart valves that need to be either repair or replaced based on certain medical condition and recommendation by medical professional. The name of heart valves are based on their position like mitral valve, aortic valve and pulmonary valve. The repair of heart valve is quite easy procedure and mortality rate is quite low but replacement of heart valve is quite complicated procedure and mortality rate is very high. The replacement of mitral valve through open heart surgery is very complex procedure and involved high risk.
Therefore Transcatheter Mitral Valve comes into picture as non-invasive technique that has less mortality rate. Transcatheter mitral valve replacement (TMVR) is gaining prominence after success of Transcatheter aortic valve replacement. Although Mitral Valve structure is very complex in nature but great success of TAVR opened the door of opportunities for Transcatheter Mitral Valve Replacement (TMVR). According to Renub Research, the transcatheter heart valve replacement market will surpass more than US$ 6 Billion by the end of year 2024.

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Market Landscape of Transcatheter Aortic Valve Implantation/Replacement
The TAVR market reached its growth phase due to rising aging population and increasing prevalence of aortic stenosis. The adoption of TAVR is increasing with rapid pace in developing countries and new devices getting approvals are the core factors that propel the market growth. The TAVR is quite expensive procedure than tradition procedure with lack of reimbursement policies is hampering the market growth. The transcatheter aortic valve replacement is a less invasive, catheter-based method for replacing non-functioning valve. There are three approach need to be followed while delivering aortic valve into heart.
1. Transaortic Approach: Small incision on upper part of chest to access the aorta
2. Transapical Approach: Small incision will be made between chest and ribs to find lower part of the heart.
3. Transfemoral Approach: Small incision to access the aorta via leg

Market Landscape of Transcatheter Mitral Valve Replacement
Transcatheter mitral valve is almost new technology and is in its infancy stage. According to industry expert, it will gain largest market share than TAVR by the end of year 2024. The Traditional mitral valve replacement involved lot of risk and complexities along with high mortality rate. Thus TMVR will create a space and likely to obsolete the traditional procedure via open heart surgery. The market of transcatheter mitral valve replacement will outperform in future course of time due to fast approvals of new devices by FDA and others agencies.

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Moreover clinical trial of Transcatheter Mitral Valve replacement is growing at rapid pace across the world which will further fuel the market growth. There are two approach of delivering Transcatheter Mitral Valve:
1. Transapical Approach: A small incision between chest and ribs to access the lowest part of heart.
2. Transseptal Appoach: A small incision in the leg. The delivery system and valve will be guided from the right side of the heart to the mitral valve on the left side of the heart.

Key Topics Covered :
1. Executive Summary
2. Transcatheter Heart Valve Market – Global Analysis
3. Global Transcatheter Heart Valve Patient Numbers
4. Market Share – Global Transcatheter Heart Valve Analysis by Position (TAVR and TMVR)
5. By Region – Market Analysis
6. By Region – Transcatheter Aortic Valve Replacement (TAVR) Patient Numbers
7. Region – Transcatheter Mitral Valve Replacement (TMVR) Market
8. Region – Transcatheter Mitral Valve Replacement (TMVR) Patient Numbers
9. End-User – Transcatheter Heart Valve Replacement Market & Patient Numbers
10. Edwards Lifesciences Corporation – Company Analysis
11. Boston Scientific Corporation – Company Analysis
12. St Jude medical Inc – Company Overview
13. Medtronics – Company Analysis
14. Growth Drivers
15. Challenges

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