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Global Transcatheter Heart Valve Replacement and Repair Market: Innovations, Technology Growth and Research 2023-2033
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According to the latest market report published by Persistence Market Research titled 'Global Transcatheter Heart Valve Replacement & Repair Market: Global Industry Analysis and Forecast, 2016 - 2026, the global transcatheter heart valve replacement & repair market is projected to expand at a CAGR of 13.9% during the forecast period (2016-2026).
Transcatheter heart valve replacement is a relatively non-invasive procedure to repair the damaged heart valves with bioprosthetic valves for treatment of valvular heart disease namely aortic stenosis and mitral regurgitation among geriatric population. It is an alternative approach to conventional open heart surgery, especially for extremely high risk patients. Transcatheter heart valve replacement & repair market was valued at US$ 1,605.5 Mn in 2015 and the revenue is expected to increase to US$ 6,701.5 Mn by 2026 at a CAGR of 13.9% over the forecast period.
Key Takeaways from Market Study
By product, ablative lasers held around 52.6% market share in 2021.
Hair removal application held around 22.2% of the global Transcatheter Heart Valve Replacement and Repair market share in 2021.
By end user, dermatology clinics are widely using aesthetic laser products, and the segment held a market share of around 30.3% in 2021.
Around 28.7% of the global market share, by region, was accounted for by North America in 2021.
"Rising focus among the global population on improving physical appearance will drive market growth over the coming years," says an analyst of Persistence Market Research.
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The report offers market forecast and analysis on global transcatheter heart valve replacement & repair market, segmenting the market on the basis of product type, surgical approach, end user and region. The report segments the global transcatheter heart valve replacement & repair market into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa (MEA). According to PMR's regional analysis, North America (U.S. and Canada) is the most lucrative market for transcatheter heart valve replacement & repair. This market in the region is expected to account for largest share throughout the forecast period, albeit exhibiting a slow growth rate. Asia Pacific is expected to be the fastest growing market for transcatheter heart valve replacement & repair, owing to increasing prevalence rate of cardiovascular diseases such as valvular heart disease and rising population in the region. Asia Pacific is estimated to account for 6.2 % revenue share by end of 2016 in the transcatheter heart valve replacement & repair market.
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The transcatheter heart valve replacement market is segmented as follows:
By Product Type
Transcatheter Aortic Valve Replacement (TAVR)
Transcatheter Mitral Valve Repair (TMVR)
By Surgical Approach
Transfemoral Approach
Transapical Approach
Transaortic Approach
By End User
Hospitals
Ambulatory Surgical Centres
Cardiac Catheterization Laboratory
Key Questions Answered in This Report.
What are the Roadblocks for Transcatheter Heart Valve Replacement and Repair Market Suppliers?
What are the Key Opportunities for Transcatheter Heart Valve Replacement and Repair Market Manufacturers?
How is Focus on Safety Influencing Transcatheter Heart Valve Replacement and Repair Market Demand?
What is the Regulatory Impact on Global Sales of Transcatheter Heart Valve Replacement and Repair Market?
Which Region Offers the Largest Opportunity for Sales of Transcatheter Heart Valve Replacement and Repair Market?
Where Does the U.S. Stand in the Market for Transcatheter Heart Valve Replacement and Repair Market?
What Is the Outlook for Transcatheter Heart Valve Replacement and Repair Market Manufacturers in China?
Why is Germany a Lucrative Market for Transcatheter Heart Valve Replacement and Repair Market Manufacturers?
Why Will Belgium Outpace Other European Markets for Transcatheter Heart Valve Replacement and Repair Market?
Why is There High Demand for Tires in Transcatheter Heart Valve Replacement and Repair Market?
Why are Sales of Transcatheter Heart Valve Replacement and Repair Market Surging?
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About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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