Market snapshot on Transcatheter Heart Valve Replacement Market| Key Players: Medtronic Plc, Edwards Lifesciences, Boston Scientific, Abbott

The Transcatheter Heart Valve Replacement Market is set to exceed USD 10.5 billion by 2025; according to a new research study published by Global Market Insights, Inc. Rising capital investment for the transcatheter heart valve devices by major market players is one of the primary factors augmenting the growth of the transcatheter heart valve replacement market in North America and Europe. For instance, Abbott laboratories; a global healthcare leader announced its investment in manufacturing of Portico transcatheter valve. Hence, venture capital investment in the production of transcatheter heart valve devices by major players in the healthcare sector will be a market driver in North America and Europe.

Valvular diseases are an emerging epidemic in most of the Asia Pacific countries. The prevalence of cardiac diseases is considerably high in China and India and has increased gradually over the past few years. Also, there is rise in quality of treatment offered to the patients. The enhancements in the valvular disease care and increasing awareness related to the transcatheter heart valve replacement devices may lead to boosting the business growth.

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Transcatheter aortic valve replacement market was valued around USD 3,174.1 million in the year 2018. Increase in prevalence of aortic valvular disease will lead to growing number of transcatheter aortic valve replacement procedures. As per the recent statistics, the geriatric population at the risk of aortic stenosis is increasing and is estimated that around 2.5 million people over 75 years of age in the U.S. suffer from this disease. Rise in demand and adoption rate of transcatheter aortic valves will boost the business growth.

Transcatheter mitral valve market is estimated to grow at a hasty rate of 27.2% over the projection period. Growing prevalence of severe mitral annular calcification, failed surgical bio prosthesis and failed surgical rings have augmented the demand of the transcatheter mitral valves. Also, recent technological advancements and development of novel products will result in substantial growth in transcatheter mitral valves market in the forthcoming years.

Application of transcatheter heart valve for aortic valvular diseases was valued around USD 3,371.6 million in the year 2018. Aortic valvular heart disease is at its peak due to the growing geriatric population since they are more prone to cardiovascular and other chronic diseases. As per recent research it is estimated that people older than 70 years of age have high blood pressure as the most common heart condition with heart failure and coronary artery disease being next. Hence, rise in prevalence of several chronic heart condition will augment the use of transcatheter heart valves, fueling the business growth in the upcoming years.

Application of transcatheter heart valve for mitral valvular diseases will grow at lucrative CAGR of 27.6% over the forecast timeframe. It is estimated that in the developing regions Asia-Pacific and Latin America, many countries are in the phase of attaining economic development as a result they are transitioning to a western lifestyle, consuming high fat containing food and adopting sedentary lifestyle leading to an increase in cardiovascular diseases.

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Some of the key industry players operating in global neonatal ventilator market are Medtronic Plc, Edwards Lifesciences, Boston Scientific, Abbott. The industry player is majorly focusing on new product developments, new product launches, mergers and acquisitions and geographical expansion in order to increase their foothold in the market and gain competitive advantage.

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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