San Francisco, 25 January 2019: The Report Aortic Valve Replacement Devices Market Size, Share And Trends Analysis Report By
Surgery (Open, Minimally Invasive), By Product (Transcatheter Aortic Valve,
Sutureless Valve), By End-user, And Segment Forecasts, 2018 - 2025
The global aortic valve replacement market size is expected to reach USD 13.49 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 11.1% during the forecast period. Technological advancements in aortic valves and favorable reimbursement policies are boosting the growth of the market. Rising demand for minimally invasive surgeries is also triggering the growth of the market.
Widening base of geriatric population is
one of the key growth stimulants. As per data published by Medicare and
Medicaid services, the number of aortic stenosis patients over 65 years of age
is constantly increasing in the U.S. Thus, rising incidence of aortic stenosis
coupled with improving treatment rates is expected to bolster the growth of the
market over the forecast period. In addition, growing preference for minimally
invasive surgeries is escalating the growth of the market. These procedures
cause lesser trauma to patient along with better outcomes and facilitate faster
recovery than conventional open-heart surgeries. MIS requires relatively lesser
number of hospital stays and is hence economically more viable than
conventional invasive surgeries.
Favorable reimbursement policies are one of
the crucial factors anticipated to drive the market in the near future. Centers
for Medicare & Medicaid Services (CMS) announced that it would provide
coverage for TAVR under the Medicare National Coverage Determination policy.
Moreover, increasing number of clinical studies undertaken by key players for
extending interventional scope, analyzing safety of devices, and assessing
subsequent treatment alternatives is also working in favor of the market.
However, product recalls due to safety concerns are projected to inhibit the
growth of the market.
Access Research Report of Aortic Valve
Replacement Devices Market @ www.grandviewresearch.com/industry-analysis/aortic-valve-replacement-devices-market
Further Key Findings From the Report Suggest:
· Minimally invasive surgeries emerged as the
leading surgery type owing to various advantages associated with them, such as
limited trauma, quicker recovery, and cost-effectiveness
· The transcatheter valve segment accounted
for the largest revenue share in 2017 due to rising number of clinical studies
for expanding their applications
· In terms of end users, hospitals were the
dominant revenue contributor in 2017 and ambulatory surgery centers (ASCs) are
expected to exhibit remarkable CAGR over the forecast period
· North America emerged as the largest
regional market with a revenue share of 41.9% in 2017 and Asia Pacific is
anticipated to post the highest CAGR over the forecast period
· Themarket is highly fragmented in nature.
Some of the prominent companies operating in the market are Edwards
Lifesciences Corporation, Boston Scientific Corporation, St. Jude Medical,
CryoLife, Medtronic, and LivoNova.
Browse more reports of this category by Grand View Research
at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global aortic valve replacement market on the basis of surgery, product, end
user, and region:
Aortic Valve Replacement Devices Surgery
Outlook (Revenue, USD Million, 2014 - 2025)
·
Open surgery
·
Minimally invasive surgery
Aortic Valve Replacement Devices Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Transcatheter aortic valve
·
Sutureless valve
·
Others
Aortic Valve Replacement Devices End-user
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory surgery centers
·
Others
Aortic Valve Replacement Devices Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Aortic Valve Replacement Devices Market@ www.grandviewresearch.com/press-release/global-aortic-valve-replacement-devices-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.