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Transcatheter Heart Valve Replacement Market Projections 2026 | 4C Medical Technologies, Abbott, Boston Scientific, Edwards Lifesciences
Additionally, favorable reimbursement policies across various developed countries is likely to make way for various companies and organizations to take a firm stand in the global market.. For instance, in 2019, CMS updated the Medicare reimbursement policy for transcatheter aortic valve replacement procedure which covers the procedure under coverage with evidence development when the procedure is conducted in line with the FDA-approved indication.
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According to a recent report by Global Market Insights, Inc., transcatheter heart valve replacement market size is projected to surpass USD 19.5 billion by 2026.
Top Industry Players –
• 4C Medical Technologies,
• Abbott,
• Boston Scientific,
• Edwards Lifesciences,
• HighLife Medical,
• JC Medical,
• LivaNova,
• Medtronic plc,
• Neovasc
Based on application bifurcation, mitral valvular heart disease segment is expected to witness a lucrative CAGR of 23.1% through 2026 considering the rising prevalence of mitral valve stenosis and mitral regurgitation across the globe as patients with these conditions are recommended to undergo transcatheter mitral valve replacement. As per a published article, around 4 million people in the U.S. are suffering from mitral regurgitation whereas nearly 50,000 cases are registered every year. Besides, several feasibility trials are being conducted on transcatheter mitral valve replacement equipment which has, undoubtedly, increased the number of patients requiring transcatheter mitral valve replacement.
In terms of surgical approach, transapical approach is amassing immense popularity owing to the proximity of the operator to the valve which eases crossing of native valve with the delivery system. Moreover, this approach helps in avoiding the passage of the delivery system around the aortic arch that can potentially reduce the risk of stroke associated with transcatheter aortic valve replacement. In addition, transapical approach is highly preferred by large number of healthcare providers as it offers lowest rates of access-related complication which is supporting the industry growth. According to the report, the transapical approach segment had secured a notable revenue share by recording a valuation of over USD 1,169 million in 2019.
Based on end-use bifurcation, hospitals segment is estimated to register a significant CAGR of 14.1% through 2026 owing to increasing patient preference towards these healthcare settings for their transcatheter heart valve replacement procedures as they provide favorable reimbursement policies for the treatment. Moreover, rising government initiatives for effective management of valvular diseases is also complementing the segment growth.
Market, By Product
• Transcatheter Aortic Valve Replacement
• Transcatheter Mitral Valve Repair and Replacement
• Transcatheter Pulmonary Valve Replacement
Market, By Application
• Aortic Valvular Heart Disease
• Mitral Valvular Heart Disease
• Pulmonary Valvular Heart Disease
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On the regional landscape, Brazil is estimated to observe a substantial growth over the upcoming years. For the records, in 2019, the overall Latin America transcatheter heart valve replacement market was dominated by Brazil, which recorded a significant valuation of USD 47 million. This can be attributed to growing elderly population suffering from aortic valvular diseases. Besides, Brazil has also witnessed a significant rise in the number of cases of non-rheumatic calcific aortic disease over the past few years which has fueled the adoption of transcatheter heart valve replacement procedures in the country. In addition, increasing number of hospitals in Brazil along with strong presence of prominent market players making hefty investments in the development of new transcatheter heart valves is complementing the market growth further.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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