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Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 - By Size, Growth, Demand, Share, Report, Forecast To 2033

01-19-2024 07:53 AM CET | Health & Medicine

Press release from: The Business research company

Prosthetic Heart Valve Devices And Equipment Global Market

The prosthetic heart valve devices and equipment market has surged from $5.65 billion in 2023 to an estimated $6.22 billion in 2024, boasting a substantial Compound Annual Growth Rate (CAGR) of 10.0%. This momentum is anticipated to persist, propelling the prosthetic heart valve devices and equipment market to $8.84 billion by 2028, with a commendable CAGR of 9.2%. A pivotal factor driving this growth is the escalating prevalence of valvular heart disease, particularly fueling the demand for transcatheter aortic valve replacement (TAVR) procedures.

Key Drivers:
Rising Prevalence of Valvular Heart Disease:
The increasing incidence of valvular heart disease has spurred the adoption of TAVR procedures, a minimally-invasive surgical intervention for aortic stenosis. TAVR's popularity is evident, constituting over 84% of aortic valve replacement procedures in the United States in 2021. As valvular heart diseases become more prevalent, the demand for TAVR procedures and transcatheter valves is set to rise, propelling prosthetic heart valve devices and equipment market growth.

Growing Cardiovascular Disorders:
The prevalence of cardiovascular disorders, encompassing conditions like coronary artery disease and heart failure, is a significant driver for prosthetic heart valve devices and equipment market. Prosthetic heart valves play a crucial role in managing these disorders, offering improved survival rates and symptom relief. As cardiovascular disorders become more widespread, the demand for prosthetic heart valve devices is poised to surge.

Explore the Global Prosthetic Heart Valve Devices And Equipment Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2416&type=smp

Technological Advancements Driving Market Dynamics:
Preference for Polymer Heart Valves:
A noteworthy trend in the prosthetic heart valve devices and equipment market is the growing preference for polymer valves over traditional mechanical and bio-prosthetic valves. Polymer heart valves, characterized by superior functionality and reduced risks, are gaining prominence. Companies like Shanghai Medics are contributing to this trend by developing synthetic heart valves with extended durability.

Innovative Product Developments:
Leading companies are actively innovating to enhance prosthetic heart valve devices and equipment market profitability. Abbott Laboratories' Epic Plus and Epic Plus Supra Stented Tissue Valves, approved by the FDA, exemplify this trend. Featuring advancements in radiopacity and implantability, these valves address a broader range of patient anatomies, elevating treatment efficacy.

Market Landscape and Regional Impact:
Major players in the prosthetic heart valve devices and equipment market, including Boston Scientific Corporation and Medtronic PLC, contribute to the prosthetic heart valve devices and equipment market's vibrancy. North America and Western Europe hold sway in the market, with North America emerging as the largest region in 2023. The market spans regions such as Asia-Pacific, Western and Eastern Europe, North and South America, the Middle East, and Africa.

Market Segmentation:
The prosthetic heart valve devices and equipment market covered in this report is segmented -
1) By Product Type: Repair Products, Mitral Valve Repair Devices, Tricuspid Valve Repair Devices
2) By Type: Transcatheter Heart Valve, Tissue Heart Valve, Mechanical Heart Valve
3) By Technology: Biological Valve, Decellularized Valve
4) By Application: Hospitals, Ambulatory Surgery Centres

Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/prosthetic-heart-valve-devices-and-equipment-global-market-report

Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Prosthetic Heart Valve Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on prosthetic heart valve devices and equipment market size, prosthetic heart valve devices and equipment market drivers and trends, prosthetic heart valve devices and equipment market major players, prosthetic heart valve devices and equipment market competitors' revenues, market positioning, and prosthetic heart valve devices and equipment market growth across geographies. The prosthetic heart valve devices and equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
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https://www.thebusinessresearchcompany.com/report/cardiovascular-surgery-devices-and-equipment-global-market-report

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https://www.thebusinessresearchcompany.com/report/cardiac-assist-devices-and-equipment-global-market-report

Cardiovascular Medical Lasers Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/cardiovascular-medical-lasers-global-market-report

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About The Business Research Company
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