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Global Cardiac Restoration Systems Market 2019-2023

Global Cardiac Restoration Systems Market 2019-2023

About this market

CVDs are a class of diseases that affect the heart and blood vessels with conditions such as coronary heart disease, stroke, peripheral arterial disease, and aortic disease. They are usually caused due to the high risk of blood clots and fatty deposition in arteries. Blockage of the blood flow into the heart valve leads to regurgitation and stenosis. The increasing number of mitral valve regurgitation, mitral valve stenosis, and heart failure cases, where the heart cannot pump enough blood and oxygen to other parts of the body, is driving the market growth. Hence, the demand for cardiovascular restoration devices is expected to increase to treat the damaged and diseased heart valves, which, in turn, drives the market growth. Technavio’s analysts have predicted that the cardiac restoration systems market will register a CAGR of over 5% by 2023.

Market Overview

Growing medical tourism in emerging economies

Medical tourism refers to patients traveling to countries such as Singapore, Malaysia, Thailand, and India to obtain medical treatment with high-quality healthcare, affordability, and accessibility benefits. Medical tourism is a booming industry, as each medical expertise is focused on offering niche services to attract foreign patients. The rise in quality of medical services and infrastructure in developing economies is a contributor to the growth of medical tourism, which propels the growth of the global cardiac restoration systems market during the forecast period.

Increasing number of product recalls

A product recall is a process of retrieving defective cardiac restoration systems from consumers with compensation. Product recalls tending to occur when there is a manufacturing defect in the product, which causes potential health-related risks to consumers. The increasing number of products recalls by manufacturers can slow down the launch of products in the market, affecting the sales and revenues of vendors, which, in turn, hinders the global cardiac restoration systems market growth.

For the detailed list of factors that will drive and challenge the growth of the cardiac restoration systems market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly concentrated. The presence of few companies including Abbott and BioVentrix Inc., the competitive environment is quite intense. Vendors in the global cardiac restoration systems market are focused on implementing developmental strategies such as M&A and high R&D investments to improve their market share and expand their presence globally. CryoLife Inc., Edwards Lifesciences Corp., NeoChord Inc., and Xeltis AG are some of the major companies covered in this report.


Companies Mentioned

Abbott

BioVentrix Inc.

CryoLife Inc.

Edwards Lifesciences Corp.

NeoChord Inc.

Xeltis AG

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Mitral valve restoration systems - Market size and forecast 2018-2023
      • Table Mitral valve restoration systems - Market size and forecast 2018-2023 ($ millions)
      • Table Mitral valve restoration systems - Year-over-year growth 2019-2023 (%)
    • Left ventricular restoration systems - Market size and forecast 2018-2023
      • Table Left ventricular restoration systems - Market size and forecast 2018-2023 ($ millions)
      • Table Left ventricular restoration systems - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Hospitals - Market size and forecast 2018-2023
      • Table Hospitals - Market size and forecast 2018-2023 ($ millions)
      • Table Hospitals - Year-over-year growth 2019-2023 (%)
    • ASCs - Market size and forecast 2018-2023
      • Table ASCs - Market size and forecast 2018-2023 ($ millions)
      • Table ASCs - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision Framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Development of mitral valve restoration systems with tissue engineering approach
    • High R&D investments and M&A activities
    • Growing awareness about cardiac restoration systems
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott
      • Table Abbott - Vendor overview
      • Table Abbott - Business segments
      • Table Abbott - Organizational developments
      • Table Abbott - Geographic focus
      • Table Abbott - Segment focus
      • Table Abbott - Key offerings
    • BioVentrix Inc.
      • Table BioVentrix Inc. - Vendor overview
      • Table BioVentrix Inc. - Business segments
      • Table BioVentrix Inc. - Key offerings
    • CryoLife Inc.
      • Table CryoLife Inc. - Vendor overview
      • Table CryoLife Inc. - Product segments
      • Table CryoLife Inc. - Organizational developments
      • Table CryoLife Inc. - Geographic focus
      • Table CryoLife Inc. - Segment focus
      • Table CryoLife Inc. - Key offerings
    • Edwards Lifesciences Corp.
      • Table Edwards Lifesciences Corp. - Vendor overview
      • Table Edwards Lifesciences Corp. - Product segments
      • Table Edwards Lifesciences Corp. - Organizational developments
      • Table Edwards Lifesciences Corp. - Geographic focus
      • Table Edwards Lifesciences Corp. - Segment focus
      • Table Edwards Lifesciences Corp. - Key offerings
    • NeoChord Inc.
      • Table NeoChord Inc. - Vendor overview
      • Table NeoChord Inc. - Business segments
      • Table NeoChord Inc. - Key offerings
    • Xeltis AG
      • Table Xeltis AG - Vendor overview
      • Table Xeltis AG - Business segments
      • Table Xeltis AG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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