Prosthetic Heart Valves Market By Type 2021
The Global Prosthetic Heart Valves Market was worth USD 4.28 billion in 2016 and estimated to be growing at a CAGR of 12.9%, to reach USD 7.85 billion by 2021.
The valves in the heart are integral to the normal functioning of the human body. They are evolved to perform tasks such as controlling the unidirectional flow of blood through the valve structure. Artificial valves must be designed to perform these tasks in addition to being accepted by the body after transplantation. Tissue valves are normally preferred over mechanical valves because of the latter requiring additional anticoagulant administration for the proper functioning of the valve. The requirement is lifelong whereas the tissue valve has no such additional treatment required.
Global Prosthetic Heart Valves Market Overview:
The rise of the Prosthetic Heart Valves market is mainly driven by factors such as rising geriatric population, rise in the prevalence of cardiac disorders such as rheumatic heart diseases and the change in lifestyle of the people. Other major contributors include the technological advancements, the increase in patient awareness, demand for minimally invasive cardiovascular surgeries and rise in the number of medical centers that have the provision to perform a heart surgery. Inspite of the advantages being numerous, the prosthetic heart valve market remains in check by restraints such as the excessive costs of the valve as well as the treatment itself and the very strict approval process for prosthetic valves before they are introduced into the market.
Global Prosthetic Heart Valves Market Segmentation:
The Global Prosthetic Heart Valves market is broadly classified based on type into Mechanical Heart Valve, Tissue Heart Valve and Transcatheter Heart Valve.
Based on geography,
The global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Prosthetic Heart Valves Market is dominated by North America in 2016 with the region accounting for over a third of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another market that shows promise in the coming years is Latin America.
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The major market players in the Prosthetic Heart Valves market include Corvia Medical, CardioKinetix, Biomerics LLC, Lepu Medical Technology, XELTIS BV, Comed BV, HLT, Meril Life Sciences, SYMETIS SA and Transcatheter Technologies GmbH.
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About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact:
Abhishek Shukla
International Business Development Manager
Market Data Forecast
Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
The valves in the heart are integral to the normal functioning of the human body. They are evolved to perform tasks such as controlling the unidirectional flow of blood through the valve structure. Artificial valves must be designed to perform these tasks in addition to being accepted by the body after transplantation. Tissue valves are normally preferred over mechanical valves because of the latter requiring additional anticoagulant administration for the proper functioning of the valve. The requirement is lifelong whereas the tissue valve has no such additional treatment required.
Global Prosthetic Heart Valves Market Overview:
The rise of the Prosthetic Heart Valves market is mainly driven by factors such as rising geriatric population, rise in the prevalence of cardiac disorders such as rheumatic heart diseases and the change in lifestyle of the people. Other major contributors include the technological advancements, the increase in patient awareness, demand for minimally invasive cardiovascular surgeries and rise in the number of medical centers that have the provision to perform a heart surgery. Inspite of the advantages being numerous, the prosthetic heart valve market remains in check by restraints such as the excessive costs of the valve as well as the treatment itself and the very strict approval process for prosthetic valves before they are introduced into the market.
Global Prosthetic Heart Valves Market Segmentation:
The Global Prosthetic Heart Valves market is broadly classified based on type into Mechanical Heart Valve, Tissue Heart Valve and Transcatheter Heart Valve.
Based on geography,
The global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The Prosthetic Heart Valves Market is dominated by North America in 2016 with the region accounting for over a third of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another market that shows promise in the coming years is Latin America.
Avail Sample Market Brochure of the report @ http://www.marketdataforecast.com/market-reports/global-prosthetic-heart-valves-market-2602/request-sample
The major market players in the Prosthetic Heart Valves market include Corvia Medical, CardioKinetix, Biomerics LLC, Lepu Medical Technology, XELTIS BV, Comed BV, HLT, Meril Life Sciences, SYMETIS SA and Transcatheter Technologies GmbH.
Make an Inquiry before Buying @ http://www.marketdataforecast.com/market-reports/global-prosthetic-heart-valves-market-2602/inquire
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Media Contact:
Abhishek Shukla
International Business Development Manager
Market Data Forecast
Direct Line: +1-888-702-9626; Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/