Transcatheter Heart Valve (THV) Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
As indicated by WHO, by 2050, the total populace matured 60 years and more seasoned is relied upon to add up to 2 billion, up from 900 million of every 2015, who are more vulnerable to the valve coronary illness. The prime driver for the transcatheter heart valves (THV) showcase is rising interest for less intrusive method for high-chance patients, for example, patients having various ceaseless ailments, developing pervasiveness of heart valve issue. Additionally, expanded rates of heart infections and mechanical advances in transcatheter heart valves (THV) driving the market. Be that as it may, high expenses of transcatheter heart valves, related dangers in implantation of transcatheter, slipping of valves, and removal of catheters are diminishing the acknowledgment in patients and influencing the market development adversely.
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Transcatheter heart valve (THV) market segmented on the basis of product type, by approach, and end-user
By product type, transcatheter heart valve market segmented into
- Trans Catheter Aortic Valve Replacement
- Trans Catheter Mitral Valve Repair
By surgical procedure type, transcatheter heart valve market segmented into
- Trans femoral Approach
- Trans apical Approach
- Trans aortic Approach
By end-user, transcatheter heart valve market segmented into
- Hospitals
- Ambulatory Surgical Centres
- Cardiac Catheterization Laboratory
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Transcatheter heart valve (THV) 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, transcatheter 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.
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Geographically transcatheter heart valve market segmented into following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & 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 heart valves 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.
Some of the players in trans catheter market include Edwards Lifesciences Corporation (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.), and Medtronic (U.S) to name a few
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