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Global Aortic Valve Replacement Market to Grow at a CAGR of 10.6% During 2021-2026, Aided by the Rising Prevalence of Cardiovascular Diseases

According to a new report by EMR titled, ‘Global Aortic Valve Replacement Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 10.6% in the forecast period of 2021-2026.

According to the WHO, cardiovascular diseases caused an estimated 17.8 million deaths in 2017. The sedentary lifestyle and changing dietary habits are leading to a rise in various lifestyle disorders. Strokes, heart attacks, congestive heart failure, and other complications may result from a blocked valve. Tissue valve aortic valve replacements are operations that use a prosthetic valve to repair a damaged valve. The favourable reimbursement scenario is projected to benefit the market growth over the forecast period. Moreover, with the increasing cases of chronic diseases, people's healthcare spending is increasing. As a result, the general public finds it difficult to meet large medical  expenses. Thus, various government programmes have been put in place to help the patients cover a portion of their healthcare cost. This is expected to significantly aid the market growth in the forecast period.

The market is being augmented by key players' local presence and the growing number of clinical studies they are conducting. Further, private-sector initiatives are also expected to help the market expand. In the United States, for example, the Edwards Lifesciences Foundation (NYSE: EW) is funding the American Heart Association's Valvular Disease Education Center and Ambassador Program. Therefore, the growing R&D activities by the government and private organisations, coupled with the rapid technological advancements are expected to have a positive impact on the market growth.

Market Analysis by Product, Procedure, End Use, and Region:

  • By product, the market is bifurcated into valve type, and suture type.
  • Based on procedure, the industry can be segmented into minimally invasive, transfemoral aortic valve replacement (TF-AVR), transcatheter aortic valve replacement (TAVR), and open surgery, among others. Among these, while the valve type segment is further classified into tissue/biological and mechanical, the suture type segment is further segregated into sutured and sutureless, based on type.
  • The market is divided based on end use into hospitals, ambulatory surgical centres, and others.
  • The regional markets for aortic valve replacement include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing prevalence of cardiovascular diseases owing to the increasing sedentary lifestyle has been driving the market.
  • The favourable reimbursement scenario is likely to propel the industry growth further.
  • The market growth is expected to be boosted by the improving healthcare infrastructure and the growing healthcare expenditure of people.
  • The growing technological advancements and the increasing R&D activities are expected to further augment the industry’s progress.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for aortic valve replacement for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, procedures, end uses, and regions of aortic valve replacement.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global aortic valve replacement market are Medtronic PLC, LivaNova PLC, CryoLife Inc., and Edwards Lifesciences Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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