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.
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According to the report, “Prosthetic Heart Valve/ Artificial Heart Valve Market, by Type (Mechanical Heart Valve, Biological Heart Valve, Transcatheter Aortic Valve), Distribution Channel (Hospitals, Ambulatory Surgical Centers) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for antibacterial drug is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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Common types of problems disrupting the flow of blood through valves are stenosis (narrowing) and regurgitation (incompetence).
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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
- 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.
- 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.
- 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.
This report analyzes the prosthetic heart valve/ artificial heart valve market by the following segments:
Prosthetic Heart Valve/ Artificial Heart Valve Market, by Type
- Mechanical Heart Valve
- Biological Heart Valve
- Transcatheter Aortic Valve
Prosthetic Heart Valve/ Artificial Heart Valve Market, by Distribution Channel
- Ambulatory Surgical Centers
KEY MARKET PLAYERS
Key players in the prosthetic heart valve/ artificial heart valve market include:
- Abbott Laboratories
- Boston Scientific Corporation
- CryoLife, Inc.
- Edward Lifesciences Corporation
- Medtronic plc
- Micro Interventional Devices, Inc.
- Neovasc, Inc.
- Sorin Group
- St. Jude Medical, Inc.
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