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
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Global Prosthetic Heart Valve Market Analysis:
The global prosthetic heart valve/ artificial heart valve market accounted to USD 4.53 billion in 2016 growing at a CAGR of 12.70% during the forecast period of 2017 to 2024.
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Global Prosthetic Heart Valve Market Definition:
Prosthetic heart valve or an artificial heart valve is implanted in patients who are suffering from valvular heart diseases. It consists of three different types of prosthetic heart valve such as mechanical heart valve, tissue heart valve, mechanical heart valve and transcatheter heart valve.
This treatment includes replacement of a natural heart valve with a prosthetic heart valve.
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Major Market Drivers and Restraints:
- Increasing geriatric population.
- Rising prevalence and awareness of HVD
- Regulatory approval and growing demand of prosthetic heart valves
- Government support and funding
- Favorable reimbursement scenario
Global Prosthetic Heart Valve Market Segmentation:
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.
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.
Global Prosthetic Heart Valve Market – Competitive Analysis:
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 valvemarket shares for global, Europe, North America, Asia Pacific, and South America.
Major Market Competitors: Global Prosthetic Heart Valve Market
Some of the major players operating in global prosthetic heart valve/ artificial heart valve market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Edwards Lifesciences Corporation (U.S.), St. Jude Medical, LLC. (U.S.), Jenavalve Technology, Inc. (Germany), LivaNova PLC (U.K.), CryoLife, Inc. (U.S.), SYMETIS (Switzerland), BraileBiomédica (Brazil), TTK Healthcare (India), Lepu Medical Technology Co., Ltd. (China), Colibri Heart Valve, LLC (U.S.) and Abbott (U.S.), among others.
Global Prosthetic Heart Valve Market – Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your enquiry.
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