PUBLISHER: Orion Market Research | PRODUCT CODE: 1078179
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078179
Global Aortic Valve Replacement Market Size, Share & Trends Analysis Report by Disease (Aortic Stenosis and Aortic Regurgitation), by Device (Mechanical Heart Valves, Transcatheter Heart Valves, and Tissue Heart Valves), and by End-User (Hospitals, Ambulatory Surgical Centers, and Others)Forecast Period (2022-2028)
The global aortic valve replacement market is anticipated to grow at a substantial CAGR of 11.2% during the forecast period. The market is offering significant growth opportunities due to cohesive government laws such as The Patient Protection & Affordable Care Act. Similarly, improving healthcare infrastructure to provide patient-centered care and initiatives to spread awareness about heart valve diseases are also creating a significant opportunity for market growth. However, certain factors are hindering the growth of the global aortic valve replacement market, including the high cost of TAVI procedures and the lack of skilled professionals.
The global aortic valve replacement market is segmented based on the disease, device, and end-user. Based on the disease, the market is segmented into aortic stenosis and aortic regurgitation. Based on the device, the market is sub-segmented into mechanical heart valves, transcatheter heart valves, and tissue heart valves. The tissue heart valve segment includes stented bioprostheses, stentlessbioprostheses, suturelessbioprostheses, and TAVI. Based on the end-user, the market is again segmented into hospitals, ambulatory centers, and others including academic research laboratories and cardiac catheterization laboratories. The above-mentioned segments can be customized as per the requirements.The mechanical heart valve segment is projected to have a significant market share during the forecast period. Technological advancement in heart valves and rising demand for minimally invasive surgical procedures are the major factors contributing to market growth.
Geographically the global aortic valve replacementmarket is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, the North American region is expected to hold a prominent share in the market over the forecast period. The presence of well-developed healthcare infrastructure and the presence of major players in the region is positively supporting the market growth.
The major companies serving the global aortic valve replacement market include Abbott Laboratories, Boston Scientific Corp., Cardiosolutions, Inc., LivaNova, PLC, Medtronic, PLC, Micro Interventional Devices, Inc., MitrAssist Ltd., NVT AG, Koninklijke Philips N.V., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2020, Boston Scientific Corp.initiated a controlled launch of the ACURATE neo2, anAortic Valve System in Europe. This next-generation transcatheter aortic valve implantation (TAVI) technology is a new platform designed with several features to improve upon the clinical performance of the original ACURATE neo-platform.
Research Methodology
The market study of the global aortic valve replacement market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market sizeand intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category- Healthcare Information Technology