Global Transcatheter Heart Valves Market 2018-2022
About Transcatheter Heart Valves
Transcatheter heart valves are used to treat patients with mitral regurgitation and aortic stenosis, a condition in which the main outflow of the valve does not open fully because of the thickening of the valve.
Technavio’s analysts forecast the Global Transcatheter Heart Valves Market 2018-2022 to grow at a CAGR of 16.2% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the transcatheter heart valves market. To calculate the market size, the report considers the revenue generated from the sales of products such as TAV and TMV.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Transcatheter Heart Valves Market 2018-2022
Technavio recognizes the following companies as the key players in the transcatheter heart valves market:
Commenting on the report, an analyst from Technavio’s team said: “New product launches coupled with R&D activities will drive the market growth. Vendors are strategically focusing on the development and fast approvals of the new transcatheter heart valve. New product development, coupled with R&D activities, helps the vendors sustain their position within fragmented transcatheter heart valves market and to enhance their growth.”
According to the report, the growing prevalence of mitral regurgitation and aortic stenosis will be a key driver for the market growth. Significant mitral regurgitation is found rarely among the general population. Such conditions generally arise due to an abnormality in a heart valve or other related conditions. Also, growing prevalence of various heart diseases such as cardio valvular diseases, mitral regurgitation, and aortic stenosis require valve replacement.
Further, the report states that growing recalled heart valves will negative affect the market growth. Product recalls are a major hindrance to the growth of vendors globally, and manufacturing companies are likely to face huge loss economically and face lawsuits from individuals, who are being affected by these devices.
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