Aortic
Valve Market Size: Information by Valve Type (Mechanical and Biological),
Suture Type (Suture and Sutureless), Surgery Type (Minimally Invasive Surgery
(Transfemoral, Transaortic Implantation, Transapical, and Trans-subclavian) and
Open surgery), End-User (Hospitals, Ambulatory Surgery Centers) and Region
(Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Forecast
till 2025
Market Highlights
According
to MRFR analysis, Aortic Valve Market Size is expected to register a CAGR of 11.1%
during the forecast period of 2019 to 2025 and held a value of USD
6,454.91 Million in 2018.
An aortic
valve is surgically implanted in the heart to replace a valve that has damaged
due to heart valve diseases such as stenosis, regurgitation, and atresia. The
replacement of damaged valves with prosthetic heart valves reduces the
morbidity and mortality associated with aortic valve disorders.
The
growth of the global Aortic Valve Market Size is boosted by various factors
such as the rising geriatric population, surge in prevalence of cardiac
disorders, in conjunction with the introduction of innovative products in the
market. According to the Heart Valve Voice, approximately 1.5 million people
over the age of 65 years are currently affected by heart valve disease in the
UK, and the number is expected to increase up to 19 million by 2050. Moreover,
increasing product approvals are likely to provide favorable conditions for the
growth of the market. For instance, in June 2017, the US FDA granted market
clearance for aortic and mitral valve-in-valve procedures using the Edwards
Lifesciences Sapien 3 transcatheter heart valve (THV).
However,
product recalls due to safety reasons and changing regulatory landscapes are
likely to hamper the growth of the market during the forecast period.
Several
market players currently dominate the global Aortic Valve Market Size. The key
players are engaged in product launches and strategic collaborations to
strengthen their market positions.
Regional Analysis
The
market has been divided, by region, into the Americas, Europe, Asia-Pacific,
and the Middle East & Africa. The Americas held the maximum share in the
base year 2018, owing to the presence of established key players in countries
such as the US and Canada. The Aortic Valve Market Size in the Americas has
further been branched into North America and Latin America, with the North
American market is further divided into the US and Canada. The European Aortic
Valve Market Size has been categorized as Western Europe and Eastern Europe.
The Western European market has been classified as Germany, France, the UK,
Italy, Spain, and the rest of Western Europe. The Aortic Valve Market Size in
Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia,
and the rest of Asia-Pacific. The Aortic Valve Market Size in this region is
anticipated to be the fastest growing during the assessment period due to the
booming geriatric population, rising prevalence of cardiovascular diseases, and
favorable government initiatives for disease treatment. The Aortic Valve Market
Size in the Middle East & Africa has been divided into the Middle East and
Africa.
Aortic Valve Market Size
Segmentation
The
Global Aortic Valve Market Size has been segmented based on Type of Valve,
Suture, Surgery, and End User.
The
market, based on valve type, has been divided into mechanical and biological.
The mechanical valve segment is likely to be the largest due to the high
adoption of mechanical valves in replacement procedures. The biological valves
segment is predicted to be the fastest-growing due to the increasing awareness
about the advantages of biological valves in replacement procedures. Magna Ease
(Edwards Lifesciences Corporation), Hancock II
(Medtronic), Trifecta (Abbott) are some of the well-known biological valves’
brands currently present in the market.
The Global Aortic Valve Market Size has been segmented, based on
the surgery type, into minimally invasive surgery and open surgery. The
minimally invasive surgery segment is further divided into transfemoral,
transaortic implantation, transapical, and trans-subclavian. It is expected to
hold majority share of the market owing to shorter hospital stay, less pain,
and faster recovery as compared to open-heart surgery.
The end users of the market are hospitals, ambulatory surgery centers.
The hospital segment is likely to hold the maximum share during the forecast
period.
Key Players
Some of the key players in the Global Aortic Valve Market Size
are Boston Scientific Corporation (US), Medtronic(US), Abbott Laboratories
(US), LivaNova PLC (UK), Edwards Lifesciences Corporation (US), CryoLife (US),
Biotronik (Germany), Colibri Heart Valve (US), JenaValve (US), and TTK
HealthCare (India), among others.
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