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Prosthetic Heart Valve/ Artificial Heart Valve Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research
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When one or more valves of heart fail to properly open and close then heart valve disease occurs which in turn can affect the pumping of blood. This disease may be present at birth or acquired afterward in life owing to old-age changes, heart attacks, infections, heart disease, calcific degeneration or damage. Common types of problems disrupting the flow of blood through valves are stenosis (narrowing) and regurgitation (incompetence). Few valve related problems are minor and don’t require treatment while others may need medicines, change in lifestyle or surgical procedures for either replacing or repairing the valve. And in case it is not treated this disease might cause heart stroke, failure, blood clots, or even death owing to sudden cardiac arrest.
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KEY PREMIUM INDUSTRY INSIGHTS
1. The global market for heart valve devices is observing several technology based advancements owing to new as well as innovative products are launched and this is the key growth factor fueling the market growth.
2. Certain other factors boosting the growth of global Prosthetic Heart Valve/ Artificial Heart Valve Market include large population suffering from structural heart disease, growing progress in diagnostic technologies thereby escalating the diagnosis rates, budding congenital heart defects incidences aging population, commercialization and development of heart valve therapies, mounting awareness associated with new available treatments in the market, various cardiovascular diseases that affect heart valves, and the advantages of newer invasive techniques.
3. However, expensive devices as well as surgeries, complex regulatory processes and diverse severity of regulatory procedures might hamper the market growth of the market.
Regionally, the prosthetic heart valve/ artificial heart valve market for heart valve devices is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among these, North America in past few years was leading the global market for heart valve devices and is projected to maintain its lead position owing to quicker technology integration with healthcare services and growing acceptance of transcatheter heart valve process between patients with risks associated with surgeries. This is primarily owing to rising product maturity and growing awareness related with novel replacement devices for cardiac disorders. On the other side, various rising economies of Asia Pacific region such as India and China are anticipated to drive the market for heart valve devices in the near future.
MARKET SEGMENTATION
This report analyzes the prosthetic heart valve/ artificial heart valve market by the following segments:
Prosthetic Heart Valve/ Artificial Heart Valve Market, by Type
1. Mechanical Heart Valve
2. Biological Heart Valve
3. Transcatheter Aortic Valve
Prosthetic Heart Valve/ Artificial Heart Valve Market, by Distribution Channel
1. Hospitals
2. Ambulatory Surgical Centers
KEY MARKET PLAYERS
Key players in the prosthetic heart valve/ artificial heart valve market include:
1. Abbott Laboratories
2. Boston Scientific Corporation
3. CryoLife, Inc.
4. Edward Lifesciences Corporation
5. Medtronic plc
6. Micro Interventional Devices, Inc.
7. Neovasc, Inc.
8. Sorin Group
9. St. Jude Medical, Inc.
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About Scalar Market Research
Scalar Market Research Inc. aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking with the help of advanced analytics offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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