Description

Transcatheter Aortic Valve Replacement (TAVR) Devices Market Outline

 

Transcatheter Aortic Valve Replacement (TAVR) Devices Market is a new technology has recently shown to improve survival and quality of life in patients with severe symptomatic aortic stenosis who are not surgical candidates. The development and design of transcatheter valves has been ongoing for the past 20 years and TAVR has been approved recently by GDA for treatment of aoertic stenosis in patients who are not surgical candidates.

 

Market Dynamics: 

According to WHO, by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015, who are more susceptible to the valve heart disease. The prime driver for the Transcatheter Aortic Valve Replacement (TAVR) Devices market is rising demand for less invasive procedure for high-risk patients such as patients having multiple chronic diseases, growing prevalence of heart valve disorders. Moreover, increased incidences of heart diseases and technological advances in Transcatheter Aortic Valve Replacement (TAVR) Devices driving the market. However, high costs of Transcatheter Aortic Valve Replacement (TAVR) Devices, associated risks in implantation of transcatheter aortic valve replacement devices, slipping of valves, and misplacement of catheters are decreasing the acceptance in patients and affecting the Transcatheter Aortic Valve Replacement (TAVR) Devices market growth negatively.

 

Market Scope: 

Transcatheter Aortic Valve Replacement (TAVR) Devices market is segmented based on the type of procedure, end user and geographical regions

 

Based on the type of procedure, the market is segmented into the following:

  • Trans femoral Approach
  • Trans apical Approach
  • Trans aortic Approach

 

Based on the end user, the market is segmented into the following:

 

Based on the geographical regions, the market is segmented into the following:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

 

Market Summary:

Transcatheter Aortic Valve Replacement (TAVR) Devices 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, trans catheter 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.

 

Regional Analysis: 

Geographically, global Transcatheter Aortic Valve Replacement (TAVR) Devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and 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 Transcatheter Aortic Valve Replacement (TAVR) Devices market for 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.

 

Competition Assessment:

Some of the players in the global Transcatheter Aortic Valve Replacement (TAVR) Devices market include:

  • Edwards Lifesciences Corporation (U.S.)
  • Boston Scientific Corporation (U.S.)
  • Abbot Laboratories (U.S.)
  • Medtronic Plc. (U.S)
  • Jena Valve Technology, Inc. (U.S)
  • Bracco SpA. (Italy)
  • Direct Flow medical, Inc. (U.S)
  • Meril Life Sciences Pvt. Ltd. (India)

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX