Global Transcatheter Heart Valves Market Is Expected to Reach $3.02 Billion by 2020, Finds New Report

Market Research Reports, Inc. has announced the addition of “MediPoint: Prosthetic Heart Valves - Global Analysis and Market Forecasts” research report to their website http://www.MarketResearchReports.com

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Lewes, DE -- (SBWire) -- 06/04/2015 --Next-Generation Transcatheter Aortic Valve Replacements Will Drive Rapid Market Growth

The global market value for transcatheter heart valves will expand at an impressive Compound Annual Growth Rate (CAGR) of 19.7%, from almost $881 million in 2013 to around $3.02 billion by 2020, according to new report.

The company's report* states that this is almost three times the projected value of the tissue heart valves market, which will increase at a much slower CAGR of 3.2% to just under $1.08 billion over the same period.

The forecast only considers aortic valve replacement, as there are not yet any approved Transcatheter Mitral Valve Replacement (TMVR) devices. The approval of TMVR devices will have a significant impact on this forecast, but early adoption rates are expected to be slow due to initial cost.

While surgical valves will hold a steady presence in the overall prosthetic valve market, Transcatheter Aortic Valve Replacement (TAVR) is expected to cannibalize a large portion of this market in the coming decade. As increasing competition drives down device costs, patients will subsequently have better access to minimally invasive treatment.

Senior analyst covering Medical Devices, says that while first-generation devices have shown promising clinical outcomes to date, physicians have noted issues such as paravalvular regurgitation and a lack of repositionability.

Senior analyst explains: "Transcatheter valves that are fully repositionable and retrievable address some of the main issues inherent in earlier products. Notable devices include Boston Scientific's Lotus Valve System, Edwards Lifesciences' SAPIEN 3, and Medtronic's CoreValve Evolut R, the latter of which recently displayed a 6.5% improvement in all-cause mortality rate compared to open-heart surgery at the two-year mark.

"The adoption of these next-generation valves is expected to drive significant market growth, provided that clinical data continues to show positive mortality and morbidity outcomes for patients."

The analyst adds that as only high-risk or inoperable aortic valve disease patients are currently eligible for TAVR, more robust, long-term clinical data must be established before the treatment is offered to lower-risk patients.

"Until then, physicians will likely opt for the surgical option, as there is a multitude of clinical data proving efficacy. However, Publisher believes it is likely that the indications for TAVR will expand and the technology will begin to dominate the surgical market over the forecast period," Meyyan concludes.

MediPoint: Prosthetic Heart Valves - Global Analysis and Market Forecasts report provides annualized market data from 2013 and forecast to 2020 on the global prosthetic heart valves market for treating valvular heart disease across 10 major countries, namely the US, France, Germany, Italy, Spain, UK, Japan, China, India, and Brazil. It includes insight into the competitive landscape, marketed and pipeline products, current and emerging players, and analysis of mechanical, tissue, and transcatheter valves by market segment.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by Publisher's team of industry experts.

For further information on this report, please visit- http://www.marketresearchreports.com/globaldata/medipoint-prosthetic-heart-valves-global-analysis-and-market-forecasts

Related Reports;

1st - MediPoint: Prosthetic Heart Valves - Current and Future Players - visit at: http://www.marketresearchreports.com/globaldata/medipoint-prosthetic-heart-valves-current-and-future-players

2nd - MediPoint: Prosthetic Heart Valves - US Analysis and Market Forecasts - visit at: http://www.marketresearchreports.com/globaldata/medipoint-prosthetic-heart-valves-us-analysis-and-market-forecasts

3rd - MediPoint: Prosthetic Heart Valves - 5EU Analysis and Market Forecasts - visit at: http://www.marketresearchreports.com/globaldata/medipoint-prosthetic-heart-valves-5eu-analysis-and-market-forecasts

4th - MediPoint: Prosthetic Heart Valves - APAC Analysis and Market Forecasts - visit at: http://www.marketresearchreports.com/globaldata/medipoint-prosthetic-heart-valves-apac-analysis-and-market-forecasts

5th - MediPoint: Prosthetic Heart Valves - South America Analysis and Market Forecasts - visit at: http://www.marketresearchreports.com/globaldata/medipoint-prosthetic-heart-valves-south-america-analysis-and-market-forecasts

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