Market Overview:
The global transcatheter heart valves market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in transcatheter heart valves, and rising geriatric population. The global transcatheter aortic valve (TAV) market is expected to grow at a CAGR of 11.5% from 2018 to 2030. The growth in the TAV market can be attributed to the increasing prevalence of aortic stenosis, technological advancements in TAVs, and rising geriatric population. The global transcatheter pulmonary valve (TPV) market is expected to grow at a CAGR of 9% from 2018to 2030.
Product Definition:
A transcatheter heart valve is a medical device that helps to replace a diseased or malfunctioning heart valve. These valves are inserted through a catheter, which is inserted through an artery in the leg and passed up to the heart.
Transcatheter Aortic Valve:
Transcatheter aortic valve is a medical device used to replace the function of the heart's natural opening and closing mechanism, which is normally controlled by the cardiac muscles. The valve acts as an artificial barrier between blood flow and oxygen-rich blood in order to prevent oxygen-poor blood from entering into the body. It also helps in reducing pressure within the arteries, thereby preventing diseases such as stroke and coronary artery disease.
Transcatheter Pulmonary Valve:
Transcatheter pulmonary valve is a heart valve which is implanted in the patient’s body without the need for open-heart surgery. It works by allowing blood to flow through the pulmonary artery with less resistance than that offered by a conventional heart valve. The device was approved by U.
Application Insights:
Based on application, the global transcatheter heart valves market is segmented into hospitals and clinics. Hospitals held the largest share in 2017 as a result of factors such as more extensive R&D for valve-based procedures, presence of experienced teams for these procedures and advanced equipment.
The clinics application segment is expected to witness significant growth over the forecast period owing to growing awareness about transcatheter heart valve procedures among individuals who have never had a surgery before and are therefore considered high-risk patients by medical standards. These individuals include people with diabetes mellitus type 1 or 2, those having undergone open heart surgeries previously or those suffering from severe valvular diseases that require immediate treatment but cannot be treated through conventional methods due to limited access to arteries or veins.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to favorable government initiatives, high healthcare expenditure, and well-established healthcare infrastructure. Moreover, increasing prevalence of heart diseases is also expected to drive the regional demand for transcatheter heart valves over the forecast period. According to a study published in NCBI in 2018, approximately 6 million people suffer from valvular heart disease requiring valve replacement surgery every year accounting for about 15% of all cardiac surgeries performed annually worldwide.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding available treatment options leading towards increased demand for transcatheter heart valves procedures In addition, growing medical tourism industry due to low cost of treatment & long term outcomes are further anticipated to boost growth across this region over next eight years.
Growth Factors:
- Increasing incidence of heart valve diseases: The increasing incidence of heart valve diseases is one of the key growth drivers for the transcatheter heart valves market. According to a study by the American Heart Association, around 5.8 million Americans are living with valvular heart disease, and this number is expected to increase in the coming years due to the aging population. This will create a high demand for transcatheter heart valves, which can be used as an alternative to traditional open-heart surgery.
- Technological advancements: The technological advancements in transcatheter heart valves are another key growth driver for this market. These advancements have led to the development of new and innovative products that offer better performance and safety profiles than earlier generations of devices. This is helping to drive adoption among physicians and patients alike.
- Growing awareness about TAVI procedures: There has been a growing awareness about TAVI procedures in recent years, owing to their benefits over traditional open-heart surgery procedures such as shorter hospital stays and faster recovery times post-procedure .This is helping fuel demand for transcatheter heart valves globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Transcatheter Heart Valves Market Research Report
By Type
Transcatheter Aortic Valve, Transcatheter Pulmonary Valve, Transcatheter Mitral Valve
By Application
Hospitals, Clinics
By Companies
Boston Scientific Corporation, Abbott, Edwards Lifesciences Corporation, Colibri Heart Valve, On-X Life Technologies, Jenavalve Technology, Boston Scientific Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Transcatheter Heart Valves Market Report Segments:
The global Transcatheter Heart Valves market is segmented on the basis of:
Types
Transcatheter Aortic Valve, Transcatheter Pulmonary Valve, Transcatheter Mitral Valve
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific Corporation
- Abbott
- Edwards Lifesciences Corporation
- Colibri Heart Valve
- On-X Life Technologies
- Jenavalve Technology
- Boston Scientific Corporation
Highlights of The Transcatheter Heart Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transcatheter Aortic Valve
- Transcatheter Pulmonary Valve
- Transcatheter Mitral Valve
- By Application:
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Transcatheter Heart Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A transcatheter heart valve is a medical device that replaces a traditional open-heart surgery. The valve is inserted through a small incision in the side of your chest and then passed through your blood vessels to the heart. Once in place, it opens and closes like a regular heart valve, but it can be replaced without having to go under general anesthesia.
Some of the major players in the transcatheter heart valves market are Boston Scientific Corporation, Abbott, Edwards Lifesciences Corporation, Colibri Heart Valve, On-X Life Technologies, Jenavalve Technology, Boston Scientific Corporation.
The transcatheter heart valves market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Transcatheter Heart Valves Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Transcatheter Heart Valves Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Transcatheter Heart Valves Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Transcatheter Heart Valves Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Transcatheter Heart Valves Market Size & Forecast, 2018-2028 4.5.1 Transcatheter Heart Valves Market Size and Y-o-Y Growth 4.5.2 Transcatheter Heart Valves Market Absolute $ Opportunity
Chapter 5 Global Transcatheter Heart Valves Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Transcatheter Heart Valves Market Size Forecast by Type
5.2.1 Transcatheter Aortic Valve
5.2.2 Transcatheter Pulmonary Valve
5.2.3 Transcatheter Mitral Valve
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transcatheter Heart Valves Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Transcatheter Heart Valves Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transcatheter Heart Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Transcatheter Heart Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Transcatheter Heart Valves Analysis and Forecast
9.1 Introduction
9.2 North America Transcatheter Heart Valves Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Transcatheter Heart Valves Market Size Forecast by Type
9.6.1 Transcatheter Aortic Valve
9.6.2 Transcatheter Pulmonary Valve
9.6.3 Transcatheter Mitral Valve
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Transcatheter Heart Valves Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Transcatheter Heart Valves Analysis and Forecast
10.1 Introduction
10.2 Europe Transcatheter Heart Valves Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Transcatheter Heart Valves Market Size Forecast by Type
10.6.1 Transcatheter Aortic Valve
10.6.2 Transcatheter Pulmonary Valve
10.6.3 Transcatheter Mitral Valve
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Transcatheter Heart Valves Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Transcatheter Heart Valves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transcatheter Heart Valves Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Transcatheter Heart Valves Market Size Forecast by Type
11.6.1 Transcatheter Aortic Valve
11.6.2 Transcatheter Pulmonary Valve
11.6.3 Transcatheter Mitral Valve
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Transcatheter Heart Valves Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Transcatheter Heart Valves Analysis and Forecast
12.1 Introduction
12.2 Latin America Transcatheter Heart Valves Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Transcatheter Heart Valves Market Size Forecast by Type
12.6.1 Transcatheter Aortic Valve
12.6.2 Transcatheter Pulmonary Valve
12.6.3 Transcatheter Mitral Valve
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Transcatheter Heart Valves Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Transcatheter Heart Valves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transcatheter Heart Valves Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Transcatheter Heart Valves Market Size Forecast by Type
13.6.1 Transcatheter Aortic Valve
13.6.2 Transcatheter Pulmonary Valve
13.6.3 Transcatheter Mitral Valve
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Transcatheter Heart Valves Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Transcatheter Heart Valves Market: Competitive Dashboard
14.2 Global Transcatheter Heart Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific Corporation
14.3.2 Abbott
14.3.3 Edwards Lifesciences Corporation
14.3.4 Colibri Heart Valve
14.3.5 On-X Life Technologies
14.3.6 Jenavalve Technology
14.3.7 Boston Scientific Corporation