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(USGovernment-News.Com, May 10, 2018 ) Transcatheter Aortic Valve Replacement (TAVR) Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Global Transcatheter Aortic Valve Replacement (TAVR) Devices Market: Type of Procedure (Trans femoral Approach, Trans apical Approach, Trans aortic Approach), End user (Diagnostic Centers, Ambulatory Surgical Centers, Cardiac Catheterization Laboratory) and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Transcatheter Aortic Valve Replacement (TAVR) Devices market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Transcatheter Aortic Valve Replacement (TAVR) Devices Market TAVR is a new technology has recently shown to improve survival and quality of life in patients with severe symptomatic aortic stenosis who are not surgical candidates. The development and design of transcatheter valves has been ongoing for the past 20 years and TAVR has been approved recently by GDA for treatment of aoertic stenosis in patients who are not surgical candidates.
Market Dynamics: Transcatheter Aortic Valve Replacement (TAVR) Devices Market According to WHO, by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015, who are more susceptible to the valve heart disease. The prime driver for the Transcatheter Aortic Valve Replacement (TAVR) Devices market is rising demand for less invasive procedure for high-risk patients such as patients having multiple chronic diseases, growing prevalence of heart valve disorders. Moreover, increased incidences of heart diseases and technological advances in Transcatheter Aortic Valve Replacement (TAVR) Devices driving the market. However, high costs of Transcatheter Aortic Valve Replacement (TAVR) Devices, associated risks in implantation of transcatheter aortic valve replacement devices, slipping of valves, and misplacement of catheters are decreasing the acceptance in patients and affecting the Transcatheter Aortic Valve Replacement (TAVR) Devices market growth negatively.
Market Scope: Transcatheter Aortic Valve Replacement (TAVR) Devices Market Transcatheter Aortic Valve Replacement (TAVR) Devices market is segmented based on the type of procedure, end user and geographical regions Based on the type of procedure, the market is segmented into the following: • Trans femoral Approach • Trans apical Approach • Trans aortic Approach Based on the end user, the market is segmented into the following: • Hospitals • Ambulatory Surgical Centres • Cardiac Catheterization Laboratory Based on the geographical regions, the market is segmented into the following: • North America • Europe • Asia Pacific • Latin America • The Middle East and Africa
Market Summary: Transcatheter Aortic Valve Replacement (TAVR) Devices Market Transcatheter Aortic Valve Replacement (TAVR) Devices market is anticipated to grow at significant CAGR over the forecast period. Market players are focusing on investments in R&D to develop and launch various new and technologically advanced devices for making heart valve procedures safer and more effective and strengthening their positions in market. For instance, trans catheter aortic valve replacement or trans catheter aortic valve implantation has become novel procedures for patients who are considered high risk for standard valve replacement therapy. Apart from this, companies also focusing on mergers and acquisitions to enhance their market share. For instance in 2016, Edwards Lifesciences Corporation agreed to acquire Valtech Cardio Ltd., for trans catheter repair of mitral and tricuspid valves.
Regional Analysis: Transcatheter Aortic Valve Replacement (TAVR) Devices Market Geographically, global Transcatheter Aortic Valve Replacement (TAVR) Devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market is dominating among all regions. Over five million people in U.S. are diagnosed with heart valve disease each year. Europe market for Transcatheter Aortic Valve Replacement (TAVR) Devicess expected to grow at significant rate due to technological advancements, increase in awareness and acceptance of novel replacement devices for cardiac disorders. Emerging economies of Asia-Pacific region such as China and India expected to show significant growth in the market due to medical tourism, increasing patients with heart diseases and significant changing in lifestyle.
Competition Assessment: Transcatheter Aortic Valve Replacement (TAVR) Devices Market Some of the players in the global Transcatheter Aortic Valve Replacement (TAVR) Devices market include: • Edwards Lifesciences Corporation (U.S.) • Boston Scientific Corporation (U.S.) • Abbot Laboratories (U.S.) • Medtronic Plc. (U.S) • Jena Valve Technology, Inc. (U.S) • Bracco SpA. (Italy) • Direct Flow medical, Inc. (U.S) • Meril Life Sciences Pvt. Ltd. (India)
Key Features of the Report: • The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024) • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market • The report tracks recent innovations, key developments and startup’s details that are actively working in the market • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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