Persistence Market Research

Prosthetic Heart Valves Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Prosthetic Heart Valves Market: Global Industry Analysis and Forecast to 2020".

 

New York, NY -- (SBWIRE) -- 12/05/2014 -- Prosthetic heart valve refers to a surgical implant that is used to replace an abnormal heart valve from an artificial heart valve. Prosthetic heart valves reduce the morbidity and mortality associated with cardiac valve disorders. Technological advancement and increasing prevalence of heart valve diseases are some of the main factors that are driving the prosthetic heart valves market. On the basis of product type, prosthetic heart valves market can be segmented into mechanical heart valves, transcatheter heart valves and tissue heart valves or bio-prosthetic valves. Tissue heart valves can be further segmented into stented tissue valve, stentless tissue valve, tissue- engineered valves and homograft and heterograft valves. Mechanical heart valves include aortic valve replacements and mechanical mitral valve replacements. Tissue heart valves include tissue aortic valve replacements and tissue mitral valve replacements. Tissue heart valve is the fastest growing segment in the prosthetic heart valves market. Some types of heart valve disorders are valvular stenosis, valvular regurgitation. Condition associated with heart valve disorders are congenital defects and acquired disorders. Some of the technologies for prosthetic heart valves are transcatheter valves, anti-calcification technology, suture-less valves, polymers and carbon-based technologies. Mechanical heart valves are used in percutaneous implantation and thoracotomy implantation. Tissue heart valves are used in homografts and heterografts. Non-invasive heart valves are used in exchangeable heart valve and expandable heart valve.

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North America, followed by Europe, has the largest market for prosthetic heart valves due to technological advancement, increasing heart valve disorders, government funding, developed healthcare infrastructure and rise in healthcare expenditure in the region. Asia is expected to experience high growth rate in the prosthetic heart valves market in next few years due to increasing incidence of various chronic diseases, growing disposable income and developing healthcare infrastructure in the region.

Technological advancement, increasing aging population and rise in prevalence of heart valve disorders are some of the major factors that are expected to drive the market for prosthetic heart valves. In addition, growing healthcare expenditure, rise in number of heart surgeries and increasing awareness about diagnosis and available treatments for heart valve disorders are expected to drive the market for prosthetic heart valves. However, strict government regulations, lack of skilled professionals, high cost of development and reimbursement issues are some of the major factors restraining the growth for global prosthetic heart valves market.

Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in prosthetic heart valves market in Asia. In addition, new product innovations with technological advancement, increasing demand for minimally invasive devices and rise in incidence of cardiac valve disorders are expected to offer new opportunities for global prosthetic heart valves market. Increasing number of mergers and acquisitions, rise in number of collaborations and partnerships and new product launches are some of the latest trends that have been observed in global prosthetic heart valves market. Some of the major companies operating in the global prosthetic heart valves market are Edwards Lifesciences, Medtronic, Abbott Laboratories, ON-X LIFE TECHNOLOGIES INC and St. Jude Medical. In addition, some of the other companies operating in the global prosthetic heart valves market are Sorin Group, CryoLife, lepumedical and Braile Biomedica Ltda.

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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
North America
Europe
Asia
RoW

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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