Market Overview:
The global transcatheter heart valve replacement and repair 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 the field of transcatheter heart valve replacement and repair, and rising geriatric population. The global transcatheter aortic valve replacement (TAVR) market is expected to grow at a CAGR of 11.5% from 2018 to 2030. The growth in the TAVR market can be attributed to the increasing prevalence of aortic stenosis, technological advancements in TAVR devices, and rising geriatric population. The global transcatheter mitral valve repair (TMVR) market is expected to grow at a CAGR of 9% from 2018to 2030.
Product Definition:
A transcatheter heart valve replacement and repair is a medical procedure that involves the implantation of a new or repaired heart valve without the need for open-heart surgery. This type of procedure may be used to treat various heart conditions, including stenosis (narrowing) and regurgitation (leaking) of the mitral or aortic valves.
Transcatheter Aortic Valve Replacement (TAVR):
TAVR is a heart valve replacement procedure that involves replacing the damaged or diseased valve with an artificial one. The surgery is performed in two parts, namely, transcatheter aortic valve implantation (TAVI) and transcatheter mitral Valve repair (TMVp). TAVR has been approved by the U.S Food and Drug Administration (FDA) for treatment of symptomatic aortic stenosis in December 2013.
Transcatheter Mitral Valve Repair (TMVR):
TMVR is a procedure to replace or repair damaged heart valves. It is minimally invasive and involves no incision in the skin. TMVR was approved by the U.S Food and Drug Administration (FDA) for treatment of mitral regurgitation, which occurs in around 15% of people over 80 years old, as well as for treating symptomatic aortic stenosis (aortic valve stenosis).
Application Insights:
Based on application, the global transcatheter heart valve replacement and repair market is segmented into hospitals, ambulatory surgical centers, and cardiac catheterization laboratories. The hospitals segment dominated the market in 2017 owing to factors such as a large patient base with complex diseases that require valve replacement surgeries, increasing number of hospital-based diagnostic centers for various conditions related to the valves and an increase in government funding for cardiovascular research.
The ambulatory surgical center (ASC) segment is expected to grow at a rapid pace during the forecast period due to factors such as an increase in ASCs due to advancements made in technology along with improvements made by healthcare professionals regarding guidelines for transcatheter heart valve procedures. Furthermore, an upsurge in demand for minimally invasive procedures would also boost growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to a well-established healthcare sector, high awareness levels about transcatheter heart valve replacement, and availability of advanced devices. Moreover, increasing prevalence of valvular diseases is also expected to drive the regional market over the forecast period. For instance, as per data published by National Center for Health Statistics (NCHS), approximately 6.1 million people were diagnosed with heart failure in U.S., with an average annual increase of around 17%.
Asia Pacific is expected to grow at a lucrative rate during the forecast period due to factors such as improving healthcare facilities and growing target population base that requires treatment for various cardiac disorders such as hypertension and valvular diseases. Furthermore, rising investments by major players in developing countries like India are anticipated to boost growth further during the forecast 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 valve replacement and repair market. According to a study by the American Heart Association, around 5.8 million Americans are affected by heart valve 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 will drive the growth of this market.
- Technological advancements: The technological advancements in transcatheter heart valves are another key factor driving their growth. These valves have evolved from simple mechanical devices to sophisticated ones with multiple features such as self-expanding stents and balloon-expandable frames that help reduce procedural time and improve outcomes. This has led to an increase in their adoption, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Transcatheter Heart Valve Replacement and Repair Market Research Report
By Type
Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral Valve Repair (TMVR)
By Application
Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratory
By Companies
Edwards LifeSciences, Medtronic, Boston Scientific, Abbott Laboratories, St. Jude Medical, JenaValve Technology, SYMETIS, Braile Biomedica
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Transcatheter Heart Valve Replacement and Repair Market Report Segments:
The global Transcatheter Heart Valve Replacement and Repair market is segmented on the basis of:
Types
Transcatheter Aortic Valve Replacement (TAVR), Transcatheter Mitral Valve Repair (TMVR)
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, Ambulatory Surgical Centers, Cardiac Catheterization Laboratory
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:
- Edwards LifeSciences
- Medtronic
- Boston Scientific
- Abbott Laboratories
- St. Jude Medical
- JenaValve Technology
- SYMETIS
- Braile Biomedica
Highlights of The Transcatheter Heart Valve Replacement and Repair 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 Replacement (TAVR)
- Transcatheter Mitral Valve Repair (TMVR)
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Catheterization Laboratory
- 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 Valve Replacement and Repair 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 replacement is a surgical procedure in which a new or repaired heart valve is inserted through a catheter (a long, thin tube) into the blood vessels of the heart. The catheter is then removed. This surgery can be done on an outpatient basis with minimal disruption to your daily routine.nnA transcatheter repair is similar to a transcatheter valve replacement, but it involves replacing only one of the two damaged valves in yourheart. If you have only one damaged valve, this procedure may be less invasive and less time-consuming than a traditional open-heart surgery
Some of the major players in the transcatheter heart valve replacement and repair market are Edwards LifeSciences, Medtronic, Boston Scientific, Abbott Laboratories, St. Jude Medical, JenaValve Technology, SYMETIS, Braile Biomedica.
The transcatheter heart valve replacement and repair market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Transcatheter Heart Valve Replacement and Repair Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Transcatheter Heart Valve Replacement and Repair Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Transcatheter Heart Valve Replacement and Repair Market - Supply Chain
4.5. Global Transcatheter Heart Valve Replacement and Repair Market Forecast
4.5.1. Transcatheter Heart Valve Replacement and Repair Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Transcatheter Heart Valve Replacement and Repair Market Size (000 Units) and Y-o-Y Growth
4.5.3. Transcatheter Heart Valve Replacement and Repair Market Absolute $ Opportunity
5. Global Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Type
5.3.1. Transcatheter Aortic Valve Replacement (TAVR)
5.3.2. Transcatheter Mitral Valve Repair (TMVR)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Ambulatory Surgical Centers
6.3.3. Cardiac Catheterization Laboratory
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Transcatheter Heart Valve Replacement and Repair Demand Share Forecast, 2019-2026
9. North America Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Ambulatory Surgical Centers
9.4.3. Cardiac Catheterization Laboratory
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Type
9.7.1. Transcatheter Aortic Valve Replacement (TAVR)
9.7.2. Transcatheter Mitral Valve Repair (TMVR)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Transcatheter Heart Valve Replacement and Repair Demand Share Forecast, 2019-2026
10. Latin America Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Ambulatory Surgical Centers
10.4.3. Cardiac Catheterization Laboratory
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Type
10.7.1. Transcatheter Aortic Valve Replacement (TAVR)
10.7.2. Transcatheter Mitral Valve Repair (TMVR)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Transcatheter Heart Valve Replacement and Repair Demand Share Forecast, 2019-2026
11. Europe Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Ambulatory Surgical Centers
11.4.3. Cardiac Catheterization Laboratory
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Type
11.7.1. Transcatheter Aortic Valve Replacement (TAVR)
11.7.2. Transcatheter Mitral Valve Repair (TMVR)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Transcatheter Heart Valve Replacement and Repair Demand Share, 2019-2026
12. Asia Pacific Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Ambulatory Surgical Centers
12.4.3. Cardiac Catheterization Laboratory
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Type
12.7.1. Transcatheter Aortic Valve Replacement (TAVR)
12.7.2. Transcatheter Mitral Valve Repair (TMVR)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Transcatheter Heart Valve Replacement and Repair Demand Share, 2019-2026
13. Middle East & Africa Transcatheter Heart Valve Replacement and Repair Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Transcatheter Heart Valve Replacement and Repair Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Ambulatory Surgical Centers
13.4.3. Cardiac Catheterization Laboratory
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Transcatheter Heart Valve Replacement and Repair Market Size and Volume Forecast by Type
13.7.1. Transcatheter Aortic Valve Replacement (TAVR)
13.7.2. Transcatheter Mitral Valve Repair (TMVR)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Transcatheter Heart Valve Replacement and Repair Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Transcatheter Heart Valve Replacement and Repair Market: Market Share Analysis
14.2. Transcatheter Heart Valve Replacement and Repair Distributors and Customers
14.3. Transcatheter Heart Valve Replacement and Repair Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Edwards LifeSciences
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtronic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boston Scientific
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Abbott Laboratories
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. St. Jude Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JenaValve Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SYMETIS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Braile Biomedica
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
