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Transcatheter Aortic Valve Replacement Market Size, Share, Growth, Trends And Forecast To 2032
Transcatheter Aortic Valve Replacement Market Report
The Business Research Company's Transcatheter Aortic Valve Replacement Global Market Report 2023 identifies the increase in the prevalence of aortic stenosis as the major driver for the transcatheter aortic valve replacement market's growth in the forecast period. Aortic stenosis is a medical condition that refers to the narrowing the aortic valve in the heart. It can be treated with transcatheter aortic valve replacement (TAVR), a less invasive alternative to surgical aortic valve replacement (SAVR) that aid in restoring blood flow and reducing the signs and symptoms of aortic valve stenosis.
The global transcatheter aortic valve replacement market size is expected to grow from $4.03 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of transcatheter aortic valve replacement market is expected to reach $7.76 billion in 2027 at a CAGR of 13.7%.
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Major competitors in the transcatheter aortic valve replacement market are Abbott Laboratories Inc., Medtronic plc, Boston Scientific Corporation, Hilton Worldwide Holdings Inc, Edwards Lifesciences Corporation.
A key trend in the transcatheter aortic valve replacement market includes product innovation. Companies operating in the transcatheter aortic valve replacement sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in August 2021, Medtronic, a US-based medical device company, got approval for its Evolut FX TAVR system from U.S. Food and Drug Administration (FDA), a US-based federal agency. Evolut FX TAVR system is the newest-generation, self-expanding transcatheter aortic valve replacement system designed to enhance ease of use and provide greater precision and control throughout the procedure.
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The transcatheter aortic valve replacement market is segmented -
•By Product: Self-Expandable Transcatheter Aortic Valves, Balloon-Expandable Transcatheter Aortic Valves, Mechanically Expanded Transcatheter Aortic Valves
•By Material: Valve Frame Material, Valve Leaflet Material
•By Procedure: Transfemoral Implantation, Transapical Implantation, Transaortic Implantation
•By Application: Aortic Stenosis, Aortic Regurgitation, Other Applications
•By End-User: Hospitals, Independent Cardiac Catheterization Labs, Ambulatory Surgical Centers, Other End-Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the transcatheter aortic valve replacement market.
The Business Research Company's "Global Transcatheter Aortic Valve Replacement Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Transcatheter Aortic Valve Replacement Market Include:
1. Executive Summary
2. Transcatheter Aortic Valve Replacement Market Characteristics
3. Transcatheter Aortic Valve Replacement Market Trends And Strategies
4. Transcatheter Aortic Valve Replacement Market - Macro Economic Scenario
5. Global Transcatheter Aortic Valve Replacement Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Transcatheter Aortic Valve Replacement Market Competitive Benchmarking
33. Global Transcatheter Aortic Valve Replacement Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Transcatheter Aortic Valve Replacement Market
35. Transcatheter Aortic Valve Replacement Market Future Outlook and Potential Analysis
36. Appendix
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