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Transcatheter Aortic Valve Replacement System Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 11:57 PM, 19th April, 2018 REP-ID-531 Category: Healthcare

Transcatheter Aortic Valve Replacement System Market Overview

Transcatheter aortic valve replacement is a minimal invasive surgical procedure. This procedure is used to treat or repair old and damaged aortic valve without removing it. The procedure which is used to wedges a replacement valve into the place of old aortic valve is known as transcatheter aortic valve replacement system or transcatheter aortic valve implementation. As soon as the replacement aortic valve is placed the blood circulation starts again in the human body system. New technologies are developing for better surgery results such as lotus edge valve system. These next generations controlled mechanical expansion TAVR technologies are likely to transform the procedure and performance of the transcatheter aortic valve replacement system in near future.

Market Size & Forecast

Global transcatheter aortic valve replacement system market is projected to grow at a compound annual growth rate (CAGR) of 16.4% over the forecast period i.e.2017-2024. Further, increasing geriatric population all across the globe coupled with rising prevalence of aortic stenosis in aged people are key factors which are likely to fuel the growth of global transcatheter aortic valve replacement system market during the forecast period.

Transcatheter Aortic Valve Replacement

In terms of region, global transcatheter aortic valve replacement system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America & Europe regions are the major market of transcatheter aortic valve replacement system. Moreover, Europe region is one of the major markets of transcatheter aortic valve replacement system and is anticipated to grow at a remarkable compound annual growth rate (CAGR) of 17.5 % during forecast period. Rising prevalence of aortic stenosis and presence of good healthcare infrastructure are some major factors which are likely to foster the growth of Europe transcatheter aortic valve replacement system market over the forecast period.

Further, North America transcatheter aortic valve replacement system market is expected to expand at a robust pace during the forecast period owing to the factors such as rapid introduction of advanced technologies and innovative products in healthcare market in this region. Moreover, Middle East & Africa region is also predicted to grow at a satisfactory rate due to sudden rise in prevalence of cardiovascular diseases and growing geriatric population in Middle East & Africa region.     

Additionally, increasing awareness amongst the people regarding minimal invasive surgeries and growing enhancement of healthcare infrastructure in Asian countries are some of the major factors which are likely to bolster the growth of Asia Pacific transcatheter aortic valve replacement system market during the forecast period.

Market Segmentation

Our-in depth analysis of the global transcatheter aortic valve replacement system market includes the following segments:

By Surgery Method

  • Transfemoral
  • Transaortic,
  • Trans-subclavian
  • Transapical access
  • Transcarotid
  •  Transcaval

 By Region

Global transcatheter aortic valve replacement system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Turkey, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Transcatheter Aortic Valve Replacement System Market Share

Growth Drivers & Challenges

The global market of transcatheter aortic valve replacement system is primarily driven by growing geriatric population coupled with growing prevalence of aortic stenosis diseases in old population all across the globe. Further, rising prevalence of cardiovascular diseases in geriatric population is fostering the growth of transcatheter aortic valve replacement system market.

Additionally, rapid introduction of advanced technology in surgical procedures coupled with rising adoption of innovative technologies in healthcare sector is also a major factor which is driving the growth of global market of transcatheter aortic valve replacement system. Moreover, growing enhancement of healthcare infrastructure in order to provide every possible treatment to the consumers is also driving the growth of global transcatheter aortic valve replacement system market.

Furthermore, rising awareness amongst the patients regarding minimally invasive surgical procedures is also fostering the growth of global transcatheter aortic valve replacement system market. These minimally invasive surgical procedures offer advantages including less traumatic surgical experience, reduced hospital stay and faster recovery.  

However, high cost of these procedures is a major challenge to the growth of transcatheter aortic valve replacement system market. Furthermore, lack of availability of these procedures in low emerging economies is also expected to hamper the growth of transcatheter aortic valve replacement system market in near future.  

Key Players

  • Abbott Laboratories
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Cook Group Incorporation
  • Cordis Corporation
  • Edward Lifesciences Corporation
  • Medtronic Inc.
  • Boston Scientific Corp.
  • JenaValve Technology Inc.
  • St. Jude Medical
  • Direct Flow Medical Inc.
  • HLT Inc.

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global transcatheter aortic valve replacement system market is segmented as follows:

  • By Surgical Method Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

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