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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.
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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.
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