|09-25-2018 03:54 PM CET - Business, Economy, Finances, Banking & Insurance||
Global Prosthetic Heart Valve Market Development of New Products to Boost Demand By Dominated Players like Symetis, Braile Biomédica, Colibri Heart Valve, St. Jude Medical, LivaNova, Lepu Medical Technology (Beijing) Co., Ltd., Abbott and others
Press release from: Data Bridge Market Research
Prosthetic Heart Valve market survey provides key information about the industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section Analysis of Prosthetic Heart Valve production, supply, sales and market status. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The global prosthetic heart valve/ artificial heart valve market accounted to USD 4.53 billion in 2016 growing at a CAGR of 12.70% during the forecast period of 2017 to 2024.
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Well known players of Global Prosthetic Heart Valve Market are Boston Scientific, Boston Scientific Cardiology, CryoLife, Inc., Medtronic, Edwards Lifesciences, Symetis, Braile Biomédica, Colibri Heart Valve, St. Jude Medical, LivaNova, Lepu Medical Technology (Beijing) Co., Ltd., Abbott and others.
The global prosthetic heart valve/ artificial heart valve market is segmented on the basis of type.
• Transcatheter Heart Valve
• Tissue Heart Valve
• Mechanical Heart Valve
On the basis of type, global prosthetic heart valve/ artificial heart valve market is segmented into transcatheter heart valve, tissue heart valve, and mechanical heart valve. Transcatheter heart valves segment is expected to witness the highest market growth in the forecast period (2017-2024) due to use of less invasive techniques, more of technological advancement, increasing number of patients and rising prevalence of aortic stenosis.
• North America
• South America
• Middle East and Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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FACTORS DRIVING GROWTH IN THE GLOBAL PROSTHETIC HEART VALVE MARKET
Increase in the prevalence of heart value disease and valvular heart disease:
The leading of death in U.S. is heart disease, killing more than 600,000 Americans each year. It was found that each year more than 5 million Americans are diagnosed with heart value disease. Heart valve disease can occur in any single valve or a combination of the four valves, but diseases of the aortic and mitral valves are the most common. Calcific aortic stenosis is the most common cause of aortic stenosis. Around 1.5 million people in the United States suffer from aortic stenosis, out of which approximately 500,000 among this group of patients suffer from severe aortic stenosis that is an estimated 250,000 patients with severe aortic stenosis. Around 80,000-85,000 aortic valve replacement procedures are performed every year in the U.S.
Rise in prevalence of cardiac disorders:
According to center for disease control and prevention, coronary heart disease is the most common type of heart disease, killing about 366,000 people in 2015. In the United States, there is a case of heart attack in every 40 seconds. Every minute, more than one person in the United States dies from a heart disease-related event. It was found that heart disease costs the United States around USD 200 billion each year.
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Global Competitive Analysis of Prosthetic Heart Valve Market
The global prosthetic heart valve/artificial heart valve market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes prosthetic heart valve/ artificial heart valve market shares for global, Europe, North America, Asia Pacific, and South America.
Market Drivers and Restraints:
• Increasing geriatric population.
• Rising prevalence and awareness of HVD
• Regulatory approval and growing demand of prosthetic heart valves
• Government support and funding
• Favorable reimbursement scenario
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