Persistence Market Research Released New Market Report on “Heart Valve Repair and Replacement Market: Global Industry Analysis and Forecast to 2020” in the category "Medical Devices"
New York, NY -- (SBWIRE) -- 09/24/2014 -- Heart valves are the structures in the human heart which controls the flow of blood during the cardiac cycle. The valves of the heart works throughout to maintain continue flow of blood. The functioning of the heart can be interrupted leading to atresia, valvular stenosis, prolapse and valvular insufficiency. The pulmonary, mitral and tricuspid valves can be repaired and replaced depending on the functionality and condition of these valves. Aortic valves are not repaired and it is replaced with prosthetic heart valve. The people aged 60 and above are most susceptible to cardiac problems.
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North America and Europe dominates the global market for heart valve repair and replacement due to large number of aging population and faster adoption of new technologies. Asia is expected to show high growth rates in the next five years in global heart valve repair and replacement market. Some of the key driving forces for heart valve repair and replacement market in emerging countries are large pool of patients, increase in diagnosis of cardiovascular disease, increasing healthcare spending, developing healthcare infrastructure and high incidence of rheumatic heart diseases.
In recent times there is increased use of heart valve repair and replacement due to rise in aging population. Increasing incidence of congenital heart disease, growing prevalence of other disease such as hypertension and cholesterol and changing lifestyle are some of the key factors driving the growth for global heart valve repair and replacement market. In addition, increasing healthcare awareness is also fuelling the growth of global heart valve repair and replacement market. However, risk of complications such as device migration, thrombosis, infection and mortality are associated with the use of artificial heart valve and concerns over durability are the major factors restraining the growth for global heart valve repair and replacement market.
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Introduction of transcatheter aortic valve replacement device and biological or tissue heart valves would develop opportunity for global heart valve repair and replacement market. However, high cost associated with heart valve replacement could lead a challenge for global heart valve repair and replacement market. Some of the trends for global heart valve repair and replacement market are minimal invasive surgeries and increase in number of approved products by regulatory authorities such as CE and FDA, which would lead to increase in adoption rate of heart valve. Some of the major companies operating in the global heart valve repair and replacement market are Abbott Laboratories, Edward Lifesciences, Medtronic, St. Jude Medical, AorTech, Boston Scientific, Colibri Heart Valve, CryoLife, Direct Flow Medical and MiCardia.
Key points covered in the report:
1. Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2. The report covers geographic segmentation
3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the market
5. The report also provides porters five forces analysis of the market.
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