Sarasota, FL, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Heart Valve Devices Market by Procedure (Heart Valve Replacement Devices (Mechanical Valve, Bioprosthetic Valve, and TAVR) & Position (Mitral Valve, Aortic Valve, Other), Heart valve Repair Devices (Surgical Valve, Balloon Valvuloplasty Devices, TMVR)), by End User (Hospitals and Ambulatory Surgical Centers), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2022”. According to the report, global heart valve devices market was valued at approximately USD 5.60 billion in 2016 and is expected to generate revenue of around USD 10.35 billion by end of 2022, growing at a CAGR of around 13% between 2017 and 2022.
Heart valve disease occurs when heart valves do not work properly the way they should. The heart has four valves (the tricuspid, pulmonary, mitral, and aortic valves); these valves have tissue flaps that open and close at each heartbeat. The heart valve flaps make sure blood flows in the right direction through your heart's and to the rest of your body. Birth defects, age-related changes, infections, or other medical conditions can cause one or more of your heart valves to not open fully or to let blood leak back into the heart chambers. These conditions make your heart work harder and affect its ability to pump blood.
Browse through 89 Tables & 12 Figures spread over 110 Pages and in-depth TOC on "Global Heart Valve Devices Market: By Type, Size, Share, Growth, Analysis and Forecast 2016 – 2022”.
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Global Heart Valve Devices Market is primarily driven by worldwide escalating sedentary lifestyle triggering the rate of obesity. Additionally, growing various cardiac diseases and pathological disorders, escalating demand for minimally invasive procedures and continued product modifications by leveraging the latest technologies developments are some the major driving factors. However, complex regulatory procedures and high prices of procedures & devices can create restraints to the Heart Valve Devices Market. As heart valve disease may lead to heart failure, stroke, blood clots, heart rhythm abnormalities and death because of which the need for effective management of associated diseases is likely to boost the demand for heart valve devices market in the region in the coming years.
The Heart Valve Devices Market is segmented on the basis of the procedure including heart valve replacement devices and heart valve repair devices. Heart valve replacement devices are further sub-segmented as on the basis of techniques as a mechanical valve, Bioprosthetic valve and TAVR (Transcatheter Aortic Valve Replacement). Heart valve replacement devices are further sub-segmented on the basis of the position where they are replaced as mitral valve replacement devices, aortic valve replacement devices, and other position heart valve replacement devices. Heart valve repair devices are further sub-segmented on the basis of techniques as surgical valve repair devices, balloon valvuloplasty devices and TMVR (Transcatheter Mitral Valve Repair).
Due to the escalating use of technologically superior products, more than average selling prices, and considerably lower mortality rate achieved by the devices, the transcatheter heart valve devices accounts for maximum share in the market. On the basis of end-user Heart Valve Devices Market is segmented as hospital and ambulatory surgical centers.
Browse the full " Heart Valve Devices Market by Procedure (Heart Valve Replacement Devices (Mechanical Valve, Bioprosthetic Valve, TAVR) & Position (Mitral Valve, Aortic Valve, Other), Heart valve Repair Devices (Surgical Valve, Balloon Valvuloplasty Devices, TMVR)), by End User (Hospitals and Ambulatory Surgical Centers), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016- 2022" report at https://www.zionmarketresearch.com/report/heart-valve-devices-market
North America is the largest regional market and is expected to show significant growth rate over the forecasted period. Rising usage of technologically superior products and prevalence of cardiac diseases in the region are the major factors which make North America dominant region.
Europe represents developed regional market for Heart Valve Devices Market Therapeutics Market and is expected to see the rapid growth in the years to come.
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Growth in the Asia Pacific region is expected, due to the high prevalence of heart valve diseases and developing healthcare infrastructure.
In Middle East & Africa; African region is projected to register moderate growth rate due to lack of awareness. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the above-mentioned parameters are expected to push the market growth in this region.
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Some of the key players in Heart Valve Devices Market are Abbott, Medtronic, CryoLife, Inc., Boston Scientific Corporation, Micro Interventional Devices, Inc., Neovasc, Inc., Edward Lifesciences Corporation, Sorin Group, TTK HealthCare, JenaValve Technology, Inc., and Lepu Medical Technology Co., Ltd. among others.
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This report segments the global Heart Valve Devices Market is as follows:
Global Heart Valve Devices Market: by Procedure
- Heart Valve Replacement Devices
- By technique:
- Mechanical Valve
- Bioprosthetic Valve
- TAVR (Transcatheter Aortic Valve Replacement)
- By Position:
- Mitral Valve Replacement Devices
- Aortic Valve Replacement Devices
- Other Position Heart Valve Replacement Devices
- Heart Valve Repair Devices
- Surgical Valve Repair Devices
- Balloon Valvuloplasty Devices
- TMVR (Transcatheter Mitral Valve Repair)
Global Heart Valve Devices Market: by End User
- Hospital
- Ambulatory Surgical Centers
Global Heart Valve Devices Market: by Region
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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