TAVI Market Regional Growth Drivers, Segments, Demand Analysis, Opportunities and Trends 2021-2030

The Global TAVI Market size is estimated to be USD 3.61 billion in 2019 and is predicted to reach USD 16.01 billion by 2030 with a CAGR of 14.5% from 2020-2030.

TAVI is transcatheter aortic valve implantation also known as transcatheter aortic valve replacement which is minimally invasive procedure used for the replacement of aortic valve. This procedure is performed for the replacement of dysfunctional and damaged heart valve. Echocardiography is used for the diagnosis of valvular heart disease, these procedures helps in early recovery of patient. It is generally performed for high risk patient with aortic stenosis which cannot undergo surgical valve replacement procedure.

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Top Companies: Abbott Laboratories, JC Medical, Inc., Meril Life Sciences Pvt. Ltd., Bracco S.p.A. (HLT, Inc.), Boston Scientific Corporation (Symetis SA), JenaValve Technology, Inc., Edwards Lifesciences Corporation, Medtronic plc, Venus Medtech, Inc and NVT AG

Market Dynamics and Trends

The improving and modernizing healthcare infrastructure as well as huge burden of cardiovascular diseases in developing nations has proliferated the TAVI market growth. Furthermore, the increased demand of minimally invasive procedures coupled with technological advancement will increase the TAVI market.

The factors including increasing prevalence of high adoption rate of TAVI devices, favorable reimbursement scenario, reduced hospital, low risk of infection and reduced blood loss during the entire procedures has majorly driven the TAVI market. Further, increase in geriatric population with increase in healthcare expenditure is also expected to drive the market growth. However, lack of facilities and trained healthcare professionals are expected to hamper the growth of TAVI market. The lucrative opportunities in emerging economies and rising awareness coupled with advancement in TAVI devices, coupled with increase in research and development activities are expected create new opportunities for the market growth in future.

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Market Segmentations and Scope of the Study:

The global TAVI market share is analyzed on the basis of procedure, and geography. On the basis of procedure, the market is segmented into Transfemoral Implantation, Transapical Implantation, and Transaortic Implantation. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America denotes the major market share over the forecast period owing to the presence of developed healthcare infrastructure and facilities coupled with increased adoption of TAVI devices coupled with technological advancements over the forecast period drive the growth of TAVI market.

It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to healthcare facilities in the region, increasing medical tourism, and increasing incidences of cardiovascular disorders.

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