Heart Valve Devices Market (Type - Into Mechanical, Biological and Transcatheter Heart Valves; End-Use - Hospitals and Ambulatory Surgical Centers; Region - North America, Europe, Asia-Pacific, and Rest of the world): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global heart valve devices market is projected to grow at a CAGR of 8.8% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 03/25/2019 -- Our latest research report entitled Heart Valve Devices Market (by type (into the mechanical heart, biological heart valves, transcatheter heart valves), end-user (hospitals, ambulatory surgical centers)) Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends, and Forecast – 2024 provides complete and deep insights into the market dynamics and growth of Heart Valve Devices. Latest information on market risks, industry chain structure Heart Valve Devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Heart Valve Devices growth factors.
Infinium Global Research's report covers the annual growth of the global heart valve devices market. It also includes chapters on the global heart valve devices industry trends, geographic analysis, and competitive landscape.
The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
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North America to influence the Global Heart Valve Devices Market through 2018-2024
Global Heart Valve Devices market was dominated by the North America region over the historic period of 2016. There are many factors which are helping to boost this market such as increasing instances of obesity and unhealthy lifestyle, mental tension, rising geriatric population, increase in heart valve related disease are causing various cardiac diseases and pathological disorders in a human being. Heart valve devices markets are regulated by the governments for price, subsidies. Whenever any manufacturer wants to introduce the modern heart valve devices in the market, government regulation comes as an obstacle for this. Hence, governments' regulation is the major restraint factor for the growth of this market. In addition, the increasing demand for minimally invasive procedures and continued product modifications by leveraging the latest technologies developments have brought about more effective heart valve devices.
Growing Incidence of Obesity Is Driving the Growth of Heart Valve Device Market
The increasing cases of obesity, more consumption of fast and processed food, heavy consumption of alcohol, less physical work to burn the excess calories of bodies, changing the lifestyle of individuals around the world, are promoting cardiovascular problems among all age group people. These factors are driving the market of the heart valve device.
Developing Countries to Lead in Demand but Availability of Substitutes to Act as Pit Hole
In the interim, mechanical heart valve devices are experiencing their demand to develop in creating nations as these items offer a longer future if anticoagulation is guaranteed. The organic heart valves, then again, are anticipated to develop at a solid clasp sooner rather than later. In any case, the fragment faces danger from substitutes by virtue of new innovations, for instance, valves made up of bioabsorbable polymer platforms that give helpful recuperating to be propelled soon.
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Key Developments:
Admedus Commences Animal Trials for Heart Valve Device in July 2018
Admedus Ltd. has commenced animal trials by completing the first successful live implantation of its unique single-piece aortic heart valve. This represents a key milestone in the development of its patented transcatheter aortic valve replacement (TAVR) project. Admedus has partnered with a European lab to examine the safety and feasibility of the unique valve in live sheep. The first single-piece valve was implanted this month, officially marking the start of the trial period, which is expected to last for around five months.
Hancock Jaffe Laboratories to Conduct Analysis for FDA Submission Package for Bioprosthetic Heart Valve in July 2018
Hancock Jaffe Laboratories, Inc, a company specializing in bioprosthetic medical devices to establish improved standards of care for treating cardiac and vascular diseases, announced that it has initiated an analysis of its bioprosthetic heart valve in order to determine what additional testing is needed in order to submit an Investigational Device Extension (IDE) application to the United States Food and Drug Administration (FDA).
Admedus signs exclusive distribution agreement in Italy for its unique heart tissue product in July 2018
Admedus Ltd has signed an exclusive distribution agreement with Medical Instruments S.p.A. to market and distribute its clinically-superior to ADAPT® technology in Italy. Under the agreement, Medical Instruments would initially distribute Admedus' non-toxic and non-calcifying flagship ADAPT® bio-scaffold CardioCel®. The bio-scaffold is used to repair congenital heart deformities and more complex heart defects. It is also used to reconstruct dysfunctional heart valves and valve leaflets.
Major Key Players Mentioned in this Premium Report
The Leading companies in the market are JenaValve Technology, Inc., Edward Lifesciences Corporation, CryoLife, Inc., Boston Scientific Corporation, Abbott, Medtronic, SYMETIS, Neovasc, Inc., Sorin Group (LivaNova PLC) and Micro Interventional Devices, Inc. These companies are looking forward to organic as well as non-organic growth opportunities. In addition, these are continuously focusing on improving productivity and efficiency of the company's performance, at the same time they are concentrating on their cost reduction to improve their profit margins.
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