Facts & Factors

Global Heart Valve Devices Market to register USD 10.35 Billion growth by 2022

Press release   •   Mar 19, 2018 08:55 EDT

Zion Market Research has published a new report titled “Heart Valve Devices Market by Procedure ( Heart Valve Replacement Devices (Mechanical Valve, Bioprosthetic Valve, TAVR) & Position (Mitral Valve, Aortic Valve, Other), Heart valve Repair Devices (Surgical Valve, Balloon Valvuloplasty Devices, TMVR)), by End User (Hospitals and Ambulatory Surgical Centers), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2022”. According to the report, global heart valve devices market was valued at approximately USD 5.60 billion in 2016 and is expected to generate revenue of around USD 10.35 billion by end of 2022, growing at a CAGR of around 13% between 2017 and 2022.

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Heart valve disease occurs when heart valves do not work properly the way they should. The heart has four valves (the tricuspid, pulmonary, mitral, and aortic valves); these valves have tissue flaps that open and close at each heartbeat. The heart valve flaps make sure blood flows in the right direction through your heart's and to the rest of your body. Birth defects, age-related changes, infections, or other medical conditions can cause one or more of your heart valves to not open fully or to let blood leak back into the heart chambers. These conditions make your heart work harder and affect its ability to pump blood.

Global Heart Valve Devices Market is primarily driven by worldwide escalating sedentary lifestyle triggering the rate of obesity. Additionally, growing various cardiac diseases and pathological disorders, escalating demand for minimally invasive procedures and continued product modifications by leveraging the latest technologies developments are some the major driving factors. However, complex regulatory procedures and high prices of procedures & devices can create restraints to the Heart Valve Devices Market. As heart valve disease may lead to heart failure, stroke, blood clots, heart rhythm abnormalities and death because of which the need for effective management of associated diseases is likely to boost the demand for heart valve devices market in the region in the coming years.

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The Heart Valve Devices Market is segmented on the basis of the procedure including heart valve replacement devices and heart valve repair devices. Heart valve replacement devices are further sub-segmented as on the basis of techniques as a mechanical valve, Bioprosthetic valve and TAVR (Transcatheter Aortic Valve Replacement). Heart valve replacement devices are further sub-segmented on the basis of the position where they are replaced as mitral valve replacement devices, aortic valve replacement devices, and other position heart valve replacement devices. Heart valve repair devices are further sub-segmented on the basis of techniques as surgical valve repair devices, balloon valvuloplasty devices and TMVR (Transcatheter Mitral Valve Repair).

Due to the escalating use of technologically superior products, more than average selling prices, and considerably lower mortality rate achieved by the devices, the transcatheter heart valve devices accounts for maximum share in the market. On the basis of end-user Heart Valve Devices Market is segmented as hospital and ambulatory surgical centers.

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North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are the key regional segments of global Heart Valve Devices Market. North America is projected to dominate the global Heart Valve Devices Market. Owing to rising usage of technologically superior products in the region are the key factors responsible for the large share of this regional segment. However, Europe also has an immense potential for expansion, due to supportive policies of the government, number of product launches, and a large pool of elderly highly susceptible to various heart diseases.

Some of the key players in Heart Valve Devices Market are Abbott, Medtronic, CryoLife, Inc., Boston Scientific Corporation, Micro Interventional Devices, Inc., Neovasc, Inc., Edward Lifesciences Corporation, Sorin Group, TTK HealthCare, JenaValve Technology, Inc., and Lepu Medical Technology Co., Ltd. among others.

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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.