Lewes, DE -- (SBWire) -- 07/06/2016 --Report forecast the global heart valves market to grow at a CAGR of 14.28% during the period 2016-2020.
Heart valves are prosthetic cardiovascular medical devices used to replace a defective heart valve. They can be biological, tissue or mechanical. Manufacturers develop mechanical heart valves from synthetic materials such as pyrolytic carbon, titanium alloy, and cobalt-based alloys and tissue heart valves from bovine, porcine, and human tissues. They also develop transcatheter heart valves with a combination of tissue and synthetic materials. Devices developed using human tissues are known as allografts or homografts. Medical personnel implant transcatheter heart valves through the transfemoral approach (via the femoral artery) and transapical approach (via a small chest incision). Medical facilities worldwide perform about 300,000 heart valve replacement procedures each year.
The report covers the present scenario and the growth prospects of the global heart valves market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of prosthetic heart valve products such as:
- Mechanical heart valves: Caged ball, tilting disc, and bileaflet valves
- Tissue heart valves: Stented and stentless tissue valves
- Transcatheter heart valves: Transcatheter aortic valve replacement (TAVR) and transcatheter mitral valve replacement (TMVR) devices
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, a key growth driver is the implementation of minimally invasive procedures. Physicians use invasive and MI procedures, such as sternotomy and thoracotomy, to implant mechanical, tissue, and transcatheter heart valves in people with heart valve diseases. However, invasive methods can cause pleural effusion, arrhythmia, pleuritis, pericardial effusion, pericarditis, and infections in the lungs. This has led physicians to opt for minimally invasive surgeries for device implantation. Minimally invasive catheter-based procedures help improve the quality of life. These procedures for the implantation of heart valves have proven to be safe and efficient. They reduce the need for blood transfusions, the risk of infections, and hospital stays; cause minimal blood loss and less pain and scarring; and lead to rapid healing and recovery and better clinical outcome.
Further, the report states that one challenge that could restrict market growth is the expense involved in heart valve replacement procedures. Heart valve replacement procedures are recent advances in the field of medical technology and expensive. This results in people with heart valve diseases avoiding associated replacement procedures.
Global Heart Valves Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global heart valves market: Edwards Lifesciences, LivaNova, Medtronic and St. Jude Medical.
Other Prominent Vendors in the market are: Abbott Laboratories, Braile Biomedica, Cardious, Colibri Heart Valve, corlife OHG, JenaValve Technology, Lepu Medical Technology (Beijing), Meril Life Sciences, Neovasc, ON-X Life Technologies, Pulmonx, Roskardioinvest, and SYMETIS.
Market driver
- Implementation of minimally invasive procedures
- For a full, detailed list, view our report
Market challenge
- v
- For a full, detailed list, view our report
Market trend
- Use of stentless tissue valves
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 67 pages and 45 Exhibit "Global Heart Valves Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Cost analysis, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-heart-valves-market-2016-2020
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