The Europe Prosthetic Heart Valves Market was worth USD 1.11 billion in 2016 and estimated to be growing at a CAGR of 12.66%, to reach USD 2.02 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/13/2018 -- A prosthetic heart valve is a gadget embedded in the body of a patient with valvular heart disease. When one of the four heart valves glitches, the restorative decision might be to supplant the characteristic valve with a prosthetic valve. This requires an open-heart surgery. In Some extreme cases, complete surgical removal of the heart valve is also done to do heart valve prosthesis.
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The Europe Prosthetic Heart Valves market was estimated to be at a market value of USD 1.11 Billion in 2016 and is projected to rise at a CAGR 12.66% to reach USD 2.02 Billion by 2021.
The major factors driving the development of this market incorporate the rising geriatric populace and the consequent development in the predominance of HVD, administrative endorsements for new and progressed prosthetic heart valves, expanding government subsidies for heart valve inquire about, increasing awareness towards HVD, and good repayment situation for prosthetic heart valves.
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Be that as it may, strict government controls, the absence of efficient manpower, the high cost of the improvement are the major restraining factors of the Europe prosthetic heart valves market.
Geographically, the market is categorized into UK, Spain, Germany, France, and others. Europe occupies the second largest market share after North America owing to the immense scope of research in this field.
Some of the key players of Europe Prosthetic Heart Valves Market are Corvia Medical, CardioKinetix, Biomerics LLC, Lepu Medical Technology, XELTIS BV, Comed BV, HLT, Meril Life Sciences, SYMETIS SA and Transcatheter Technologies GmbH.
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