(PharmaNewsWire.Com, June 23, 2017 ) Transcatheter aortic valve replacement (TAVR) is described as minimally invasive procedure replaces the improper functioning aortic valves. TAVR offers an efficient valve replacement procedure as compared to open-heart surgery for the benefit of high risk patients. Transcatheter heart valve replacement systems are referred as cardiovascular devices replace the old and damaged valves. TAVR is used for the treatment of aortic valve disorders such as severe aortic stenosis, degeneration, & regurgitation.
Transcatheter aortic valve replacement devices are integrated with valve frame (made of nitinol or stainless steel), valve leaflets material (made of bovine or cow heart tissue). These aortic valves are available with varied sizes (such as 14mm, 16mm, 18mm, 20mm, 22mm, & 29mm). TAVR is performed during different surgery methods such as transfemoral implantation (through the femoral artery), transapical implantation (through the apex of the heart), transaortic implantation (through the top of right chest), and transcaval implantation (through the femoral vein).
On the basis of geographical region the global transcatheter aortic valve replacement (TAVR) market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is estimated to command the highest share of 34% of the global transcatheter aortic valve replacement (TAVR) market in 2016, whereas Asia-Pacific is estimated to grow at the highest CAGR of 21.20% during the forecast period 2016-2021.
The factors influencing the Global Market for Transcatheter Aortic Valve Replacement (TAVR) Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are Growing adoption of minimally invasive therapies, increasing number of severe aortic stenosis disorder patients, rising number of clinical trials cardiovascular indications, and growing number of product launches. rising technological advancements, increasing demand for minimally invasive catheter-based procedures as compared to conventional open heart therapies, and growing number of patients choosing an efficient & effective therapy with quick recovery are further propelling the growth of global transcatheter aortic valve replacement (TAVR) market.
However, risk associated with TAVR procedures, high costs pertaining to transcatheter aortic valves, lack of skilled professionals in certain regions of developing markets, and device related issues (such as device recalls, improper positioning of devices during implantation) are some of the factors restraining the growth of global transcatheter aortic valve replacement (TAVR) market.
For granular level understanding the global Transcatheter Aortic Valve Replacement (TAVR) Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
By Valve Frame Material Introduction Nitinol Stainless Steel Cobalt-Chromium
By Valve Size Introduction 14mm to 18 mm 18mm to 22 mm 22mm to 29mm
By Valve Leaflets Material Introduction Bovine Heart Tissue Cow Heart Tissue Other Valve Leaflets Material
By End Users Introduction Hospitals Ambulatory Surgical Centres Cardiac Catheterization Laboratories
On the basis of geographical region the global transcatheter aortic valve replacement (TAVR) market is segmented as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America is estimated to command the highest share of 34% of the global transcatheter aortic valve replacement (TAVR) market in 2016, whereas Asia-Pacific is estimated to grow at the highest CAGR of 21.20% during the forecast period 2016-2021.
For more of regional analysis check out the following reports. North America Transcatheter Aortic Valve Replacement (TAVR) Market Europe Transcatheter Aortic Valve Replacement (TAVR) Market Asia-Pacific Transcatheter Aortic Valve Replacement (TAVR) Market Latin America Transcatheter Aortic Valve Replacement (TAVR) Market Middle East and Africa Transcatheter Aortic Valve Replacement (TAVR) Market
The key players in global 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 Global Transcatheter Aortic Valve Replacement (TAVR) Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification 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 effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment 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 along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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