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Global Prosthetic Heart Valve Market at a CAGR of 12.70% - Growth, Industry Trends, Demand Forecast to 2024
Global Prosthetic Heart Valve Market
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Global Prosthetic Heart Valve Market, By Type (Transcatheter Heart Valve, Tissue Heart Valve, and Mechanical Heart Valve), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Competitive Analysis: Global Prosthetic Heart Valve Market
The global prosthetic heart valve/artificial heart valve market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes prosthetic heart valve/ artificial heart valve market shares for global, Europe, North America, Asia Pacific, and South America..
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Key Market points:
Rise in incidence of heart diseases such as aortic stenosis and adoption of prosthetic valves is driving the growth of the prosthetic valves market. Other factors such as advanced technological development and rise of aging population also fuel the market growth.
Intense competition among the players results into high R&D for innovated products such as use of more noninvasive procedure, open heart surgery. For the improvement of healthcare sector, government is also supporting by donating more fundsso as to foster the demand for this particular market. However, some of the stringent regulations made by the government in particular regions may hinder the growth of this market.
Top Competitors of Market: Global Prosthetic Heart Valve Market
• Boston Scientific Corporation (U.S.),
• Medtronic (Ireland),
• Edwards Lifesciences Corporation (U.S.),
• St. Jude Medical,
• BraileBiomédica (Brazil),
• TTK Healthcare (India),
• Lepu Medical Technology Co.,
• Ltd. (China),
• Colibri Heart Valve,
• LLC. (U.S.),
• Jenavalve Technology, Inc. (Germany),
• LivaNova PLC (U.K.),
• CryoLife, Inc. (U.S.),
• SYMETIS (Switzerland),
• LLC (U.S.)
• Abbott (U.S.),
Global Prosthetic Heart Valve/ Artificial Heart Valve Market – Market Segmentation:
The global prosthetic heart valve/ artificial heart valve market is segmented on the basis of type.
• Type
Transcatheter Heart Valve
Tissue Heart Valve
Mechanical Heart Valve
On the basis of type, global prosthetic heart valve/ artificial heart valve market is segmented into transcatheter heart valve, tissue heart valve, and mechanical heart valve. Transcatheter heart valves segment is expected to witness the highest market growth in the forecast period (2017-2024) due to use of less invasive techniques, more of technological advancement, increasing number of patients and rising prevalence of aortic stenosis.
Geographical Segmentation:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
On the basis of geography, global prosthetic heart valve/artificial heart valve market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Market Drivers and Restraints: Global Prosthetic Heart Valve Market
• Increasing geriatric population.
• Rising prevalence and awareness of HVD
• Government support and funding
• Favorable reimbursement scenario
• Regulatory approval and growing demand of prosthetic heart valves
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