Transcatheter Aortic Valve Replacement (TAVR) Market Growing at a CAGR of 18.30% During 2017-2022

Monday, April 17, 2017 General News
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PUNE, India, April 17, 2017 /PRNewswire/ --

According to research report on Global Transcatheter Aortic Valve Replacement

Market (2017-2022) the global market is projected to display a robust growth represented by a CAGR of 18.30% during 2017 - 2022, chiefly driven by large number of product approvals and launches, rising geriatric population, rapid adoption in U.S. and
growing awareness about minimally invasive techniques.

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Transcatheter aortic valve replacement (TAVR) has been a ground-breaking advancement in the field of interventional cardiology and cardiovascular surgery. Although, surgical aortic valve replacement is considered the standard treatment, yet 30% of patients are not considered candidates for traditional open heart surgery because of advanced age and presence of multiple comorbidities. Transcatheter aortic valve replacement offers this population a less invasive treatment option also with better outcomes. Over the recent years, the global TAVR industry has been growing rapidly mainly due to growing number of elderly population, rising awareness about minimally invasive devices, new device approvals and increasing health expenditure in developing countries.

Among the type of approach, transfemoral retrograde is the most common catheter-based approach and is performed in approximately 70% to 80% of the total TAVR cases, globally. Among the regions, Europe accounts for the largest regional share in the total TAVR market in 2016. However, Asia Pacific is predicted to advance at the highest rate, mainly driven by increase in healthcare expenditure coupled with growing penetration and awareness about technologically advanced heart valve therapies.

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Company Analysis Edwards Lifesciences Corporation, Medtronic Plc, Boston Scientific Corporation, St. Jude Medical Inc., JenaValve Technology Inc. and Meril Life Sciences Pvt. Ltd.

The report titled, "Global Transcatheter Aortic Valve Replacement Market: Analysis By Type of Approach (Transfemoral and Transapical), By Region (North America, Europe, Asia Pacific, Rest of the World), By Country (U.S., Canada, Germany, France, U.K., China, India, Japan, Brazil and South Africa): (2017-2022)" has covered and analysed the potential of Global Transcatheter Aortic Valve Replacement Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global transcatheter aortic valve market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Other Report Highlights

  • Market Dynamics - Trends, Drivers, Challenges
  • Porter Five Forces Analysis
  • SWOT Analysis
  • Competitive Landscape
    • Country Pricing and Volume Analysis
    • Company Share Analysis
  • Policy and Regulatory Landscape

Other Related Reports 

Global Heart Valve Devices Market: Analysis By Procedure (Replacement & Repair), Replacement Procedure By Technique (Mechanical, Bioprosthetic & TAVR), Repair Procedure By Technique (Surgical, Balloon Valvuloplasty & TMVR), By Region, By Country (2016-2021) - By Region (North America, Europe, Asia Pacific, Rest of the World), By Country (US, Canada, Germany, France, U.K, China, India, Japan, Brazil, Saudi Arabia)

Global Interventional Cardiology & Peripheral Vascular Devices Market by Manufacturers, Regions, Type and Application, Forecast to 2022

Cardiac Valve Repairs - Medical Devices Pipeline Assessment, 2017

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