TAVI Market Clinical Research Analysis 2020 to 2030
The TAVI Market is expected to grow at a CAGR of 14.5% from 2020-2030, according to a new research report by Next Move Strategy Consulting
TAVI is also known as transcatheter aortic valve implantation is a
minimally invasive procedure used for the implantation of artificial aortic
valve. This procedure is done to replace the dysfunctional or damaged heart
valve to restore the normal functioning and prevent further damage to other
organs. TAVI is used for the treatment of valvular heart disease diagnosed by
electrocardiography. It is one of the new techniques highly preferred by
professionals. TAVI is generally performed on high risk patients who cannot
undergo surgical valve replacement procedure.
According to the report, high prevalence rate of cardiovascular
disorders, aortic stenosis and rising demand for minimally invasive procedures are
driving the market growth. The presence of large geriatric population around
the globe, who are prone to heart diseases another factor driving the market
growth. Over the period of time, there has been constant development in
healthcare services along with technological advancement in medical devices. Also,
high recovery and survival rates as compared to other surgical procedures has
led to increased adoption of TAVI. On the other hand, growth in market
investments by market players as well as rising healthcare expenditure is
likely bring changes in market trends.
However, high cost associated with TAVI along with stringent regulatory
policies for the approval of transcatheter aortic valves is likely to impede
the market growth. Moreover, growth in research & development activities followed
by innovation & product launches is anticipated to provide numerous
opportunities to the market players in the coming few years.
On the basis of procedure, the TAVI market share is segmented into Transfemoral
Implantation, Transapical Implantation, and Transaortic Implantation. Transfemoral
Implantation dominates the global TAVI market and will be the dominant during
the forecast period. Transfemoral implantation is one of the highly accepted techniques
with minimal aesthesia and high accuracy as compared to other procedures.
North America accounts for the highest market size & share in the TAVI
market throughout the forecast period, owing to the presence of developed
healthcare facilities & infrastructure. In addition, technological
advancements as well as presence of major market players in the region is expected
to promote market growth. Europe holds the second largest market size in the
TAVI market. Asia Pacific is expected to be the fastest developing region in
the TAVI market majorly driven by the high prevalence rate of cardiovascular
disorders as well as presence of large geriatric population prone to
cardiovascular disorders. Additionally, favourable reimbursement policies as
well as growth in TAVI procedures in the region are also expected to fuel the
market growth.
According to the report, some the key players in the TAVI market report are
Abbott Laboratories, JC Medical, Inc., Meril Life Sciences Pvt. Ltd.,
BraccoS.p.A. (HLT, Inc.), Boston Scientific Corporation (Symetis SA), JenaValve
Technology, Inc., Edwards Lifesciences Corporation, Medtronic plc, Venus
Medtech, Inc and NVT AG.
Browse key industry insights from the report, “TAVI
Market Size By Procedure (Transfemoral
Implantation, Transapical Implantation, and Transaortic Implantation) Regional
Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India,
Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South
Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive
Market Share & Forecast, 2020–2030” in detail along with the table
of contents:
Key Insights from the TAVI Market Report:
- Asia Pacific is
the fastest growing region in TAVI market owing
to the high prevalence rate of cardiovascular disorders, presence of large
geriatric population and favourable reimbursement scenario.
·
The Transfemoral Implantation segment
dominates the market in terms of procedure and is expected to grow at a significant
CAGR to maintain the lead till 2030.
- Some of the major players in the market are Abbott
Laboratories, JC Medical, Inc., Meril Life Sciences Pvt. Ltd.,
BraccoS.p.A. (HLT, Inc.), Boston Scientific Corporation (Symetis SA),
JenaValve Technology, Inc., Edwards Lifesciences Corporation, Medtronic
plc, Venus Medtech, Inc and NVT AG.
The report TAVI market – segmented by
procedure, and geography
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free sample on the TAVI Market report
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