(PharmaNewsWire.Com, May 26, 2017 ) As per the syndicated report published by Market Data Forecast, Europe Transcatheter Aortic Valve Replacement Market which is estimated to be USD 0.47 billion in 2016 and expected to grow at a CAGR of 17.40%, to reach USD 1.06 billion by 2021 with a cumulative growth rate of USD 0.59 billion in the span of five years.
It can attributed to the factors such as increasing technological advancements in biomedical engineering, presence of advanced cardiovascular healthcare industry, existence of healthcare specialists & equipment, and growing demand for healthy lifestyle. However, stringent regulatory guidelines and high cost of the TAVR procedures are expected to restrain the growth of transcatheter aortic valve replacement (TAVR) market in Europe.
This minimally invasive surgical procedure repairs the valve without removing the old, damaged valve. Instead, it wedges a replacement valve into the aortic valves place. The surgery may be called a transcatheter aortic valve replacement (TAVR) or transcatheter aortic valve implantation (TAVI).At this time the procedure is reserved for those people for whom an open heart procedure poses intermediate risk. For that reason, most people who have this procedure are in their 70s or 80 and often have other medical conditions that make them a better candidate for this type of surgery. TAVR can be an effective option to improve quality of life in patients who otherwise have limited choices for repair of their aortic valve.
Europe Transcatheter Aortic Valve Replacement Market is segmented based on surgery method, valve material, valve size, valve leaflets material and end-users below for obtaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts. Surgery Method Transfemoral Implantation Transapical Implantation Transaortic Implantation Transcaval Implantation Valve Material Nitinol Stainless Steel Cobalt-Chromium Valve Size 14mm to 18 mm 18mm to 22mm 22mm to 29mm Valve Leaflets Material Bovine Heart Tissue Cow Heart Tissue Other Valve Leaflets Material End Users Hospitals Ambulatory Surgical Centers Cardiac Catheterization Laboratories
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe).
The key players in transcatheter aortic valve replacement (TAVR) market such as, Edwards Lifesciences Corporation (U.S.), Medtronic, Inc. (Ireland), Boston Scientific Corporation (U.S.), Abbott Laboratories (U.S.), St. Jude Medical Inc. (U.S.), JenaValve Technology, Inc. (Germany), Symetis SA (Switzerland), Direct Flow Medical, Inc. (U.S.), Sorin Group (Italy), Meril Life Sciences India Pvt Ltd (India), and Braile Biomedica (Brazil).
The Transcatheter Aortic Valve Replacement market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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