Transcatheter Heart Valve Replacement and Repair: High Demand For Minimally Invasive Surgeries in Aortic Stenosis Cases to Drive the Market for THVR During the Forecast Period

Transcatheter heart valve replacement repair is a rapidly growing market, as it offers a less invasive alternative to traditional open-heart surgery. The procedure is typically used to treat patients with aortic stenosis, a condition in which the aortic valve becomes narrowed and cannot open properly.

The global transcatheter heart valve replacement & repair market was valued at US$ 1,605.5 Mn in 2015 and is expected to expand at a CAGR of 13.9% over the forecast period (2016-2026).

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The transcatheter heart valve replacement market is expected to grow at a significant rate during the forecast period, driven by factors such as an increasing prevalence of valvular heart diseases, technological advancements in transcatheter heart valve devices, and the growing preference for minimally invasive surgical procedures.

There are two main types of transcatheter heart valve replacement procedures: transcatheter aortic valve replacement (TAVR) and transcatheter mitral valve replacement (TMVR). TAVR is the most widely adopted procedure, as it is used to treat aortic stenosis, which is the most common valvular heart disease. TMVR, on the other hand, is used to treat mitral stenosis, which is a less common condition.

Companies

Edwards LifeSciences Corporation
Medtronic, Inc.
Boston Scientific Corporation
Abbott Laboratories
Jude Medical, Inc.
JenaValve Technology
SYMETIS
Braile Biomedica

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The transcatheter heart valve replacement market is segmented based on product, procedure, and end-user. On the basis of product, the market is segmented into transcatheter aortic valve replacement (TAVR) devices, transcatheter mitral valve replacement (TMVR) devices, and others. On the basis of procedure, the market is segmented into transfemoral, transapical, transaortic, and others. On the basis of end-user, the market is segmented into hospitals, clinics, and others.

The major players operating in the transcatheter heart valve replacement market include Edwards Lifesciences, Medtronic, Boston Scientific, Abbott, LivaNova, and others. These players have adopted various strategies, such as partnerships, collaborations, and new product launches, to increase their share in the market.

Key Regions

The global transcatheter heart valve replacement & repair market has been segmented into five major regions namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa (MEA).

In terms of value, the North America market is estimated to dominate the global transcatheter heart valve replacement & repair market in 2016, and is expected to expand at a CAGR of 14.2% over the forecast period. Asia Pacific excluding Japan, MEA, and Latin America are expected to be the fastest growing markets over the forecast period.

Asia Pacific excluding Japan market is expected to witness highest CAGR of 13.9 % over the forecast period. In North America, segment is expected to grow at faster rate to reach the value US$ 3,552.4 Mn by 2026 end. Market in Europe is expected to exhibit healthy CAGR owing to growing acceptance of THV products in the region.

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Key Segments Covered

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 Centers
Cardiac Catheterization Laboratory

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