The global prosthetic heart valve/ artificial heart valve market accounted to USD 4.53 billion in 2016 growing at a CAGR of 12.70% during the forecast period of 2017 to 2024.
Pune, India -- (SBWIRE) -- 01/30/2018 -- "Global prosthetic heart valve/ artificial heart valve market" accounted to USD 4.53 billion in 2016 growing at a CAGR of 12.70% during the forecast period of 2017 to 2024. Upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Prosthetic Heart Valve Market, By Type (Transcatheter Heart Valve, Tissue Heart Valve, and Mechanical Heart Valve), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)– Industry Trends and Forecast to 2024
The global prosthetic heart valve/artificial heart valve market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes prosthetic heart valve/ artificial heart valve market shares for global, Europe, North America, Asia Pacific, and South America..
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On the basis of type, global prosthetic heart valve/ artificial heart valve market is segmented into transcatheter heart valve, tissue heart valve, and mechanical heart valve. Transcatheter heart valves segment is expected to witness the highest market growth in the forecast period (2017-2024) due to use of less invasive techniques, more of technological advancement, increasing number of patients and rising prevalence of aortic stenosis.
On the basis of geography, global prosthetic heart valve/artificial heart valve market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Top Competitors Of Market
- Boston Scientific Corporation (U.S.),
- Medtronic (Ireland),
- Edwards Lifesciences Corporation (U.S.),
- Jude Medical,
- CryoLife, Inc. (U.S.),
- SYMETIS (Switzerland),
- BraileBiomédica (Brazil),
- TTK Healthcare (India),
- Lepu Medical Technology Co.,
- Colibri Heart Valve,
- LLC (U.S.)
- Abbott (U.S.),
- Jenavalve Technology, Inc. (Germany),
- LivaNova PLC (U.K.),
Market Drivers And Restraints:
- Increasing geriatric population.
- Rising prevalence and awareness of HVD
- Regulatory approval and growing demand of prosthetic heart valves
- Government support and funding
- Favorable reimbursement scenario
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