Press release
Hemostasis Valves Market Is Projected To Expand At A Cagr Of 4.5% From 2019 To 2027
Transparency Market Research (TMR) has published a new report on the global hemostasis valves market for the forecast period of 2019-2027. According to the report, the global hemostasis valves market was valued at ~US$ 135 Mn in 2018, and is projected to expand at a CAGR of 4.5% from 2019 to 2027. Increase in awareness about the early diagnosis of chronic diseases and rise in the number of angiography procedures are boosting the global hemostasis valves market.Increase in Number of Neuroendovascular Procedures to Propel Market
The prevalence of coronary diseases and other cardiovascular diseases has been rising significantly, owing to various factors such as increasing obesity and sedentary lifestyles. This has led to an increase in the prevalence of heart diseases, which is likely to lead to an increase in endovascular procedures. In turn, this is expected to boost the hemostasis valves market.
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According to the 2016 Heart Disease and Stroke Statistics update of the American Heart Association (AHA), more than 15 million people over 20 years of age in the U.S. suffer from coronary heart disease (CHD).
The incidence of coronary artery disease (CAD) has increased significantly in low-income and middle-income countries such as India. CAD accounts for 20% of the deaths in India.
Market in Asia Pacific to Expand at Rapid Pace
North America held a major share of the global hemostasis valves market in terms of revenue in 2018. The region is anticipated to maintain its share during the forecast period. Advanced surgical techniques and the presence of leading players are estimated to boost the market in the near future. High disposable income and well-developed healthcare infrastructure are also augmenting the market in North America.
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Europe is anticipated to be the second-largest market in terms of share and revenue during the forecast period. Increase in the number of intervention procedures and rise in the geriatric population are expected to boost the hemostasis valves market in the region.
The hemostasis valves market in Asia Pacific is estimated to expand at a CAGR of ~5% during the forecast period. Strong growth of the hemostasis valves market in the region can be ascribed to the presence of a significant patient pool and rapid adoption of technological advancements in Japan and China.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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