A proficient data and brilliant forecasting techniques used in this Heart Valve Devices Market report are synonymous with accurateness and correctness. The document is a meticulous analysis of existing scenario of the market, which covers several market dynamics. This market research report endows with the plentiful insights and business solutions that will support to stay ahead of the competition. The most precise way to forecast what future holds is to understand the trend today and hence Heart Valve Devices Marketing report has been structured by chewing over numerous fragments of the present and upcoming market scenario.
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This Heart Valve Devices Market report is the consequence of incessant efforts lead by clued-up forecasters, innovative analysts and bright researchers who indulge in detailed and attentive research on different markets, trends and emerging opportunities in the consecutive direction for the business needs. Company snapshot, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles that are part of this report. Quality and transparency has been strictly maintained while carrying out research studies to offer an exceptional market research report for a niche. A thoughtful knowledge of industrial unanimity, market trends and incredible techniques via this Heart Valve Devices Market report gives an upper hand in the market.
Global Heart Valve Devices Market is expected to rise from its initial estimated value of USD 6.45 billion in 2018 to a projected value of USD 15.41 billion by 2026, registering a CAGR of 11.50% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in the levels of geriatric population and increasing prevalence of unhealthy lifestyle choices globally.
Major competitors currently present in the Heart Valve Devices Market are Abbott; CryoLife; Micro Interventional Devices, Inc.; Boston Scientific Corporation; LivaNova PLC; Meril Life Sciences Pvt. Ltd.; Edwards Lifesciences Corporation; Medtronic; Auto Tissue Berlin GmbH; lepumedical.com; Neovasc Inc.; TTK HealthCare and JenaValve Technology, Inc.
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Market Definition: Global Heart Valve Devices Market
Heart valve devices can be termed as the heart valves that are used in the cardiovascular surgical procedures for the repair and replacement of worn out or damaged parts. These heart valves are used to keep the blood flowing throughout the body by pumping it and letting the blood flow in different directions.
Segmentation: Global Heart Valve Devices Market
Heart Valve Devices Market : By Usage
- Heart Valve Repair
- Heart Valve Replacement
Heart Valve Devices Market : By Product Type
- Mechanical Heart Valves
- Trans-Catheter/Percutaneous Heart Valves
- Tissue/Bio-Prosthetic Heart Valves
Heart Valve Devices Market : By End-User
- Ambulatory Surgical Centers
Heart Valve Devices Market : By Geography
- North America
- South America
- Middle East & Africa
Heart Valve Devices Market Drivers:
- Growing levels of innovations in technology resulting in advanced levels of product offerings has resulted in growth of demand for the product
- Increasing incidences of heart diseases and cardiovascular disorders that have been a result of increase in obesity levels
Heart Valve Devices Market Restraint:
- Increasing levels of cost associated with the cardiovascular surgical procedure is expected to act as a restraint to the market growth
Key Developments in the Market:
- In December 2018, Meril Life Sciences Pvt. Ltd. announced the launch of artificially manufactured aortic heart valves for patients reluctant to undergo open heart valve replacement surgery. The “Trans-Catheter Aortic Heart Valve Replacement (TAVR)” will be sold under the name of “Myval”.
- In January 2018, LivaNova PLC announced that they had initiated the “BELIEVE” (Behavior of Valve Leaflets and the Incidence of Reduced Mobility Post-Surgical Aortic Valve Implant) study. The study is initiated to identify the incidences of leaflet motion through CT imaging for the patients using LivaNova bioprosthetic aortic heart valve.
- In January 2017, Abbott announced that they had completed the acquisition of St. Jude Medical, Inc. This acquisition will help in establishing Abbott as a major leader for the provision of medical devices and expanding their product portfolios significantly.
Reasons to Purchase this Report
- Current and future of global heart valve devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Features mentioned in the report
- Changing market dynamics of the industry
- To get a comprehensive overview of the Heart Valve Devices Market.
- Historical, current and projected market size in terms of volume and value
- In-depth market segmentation
- Competitive landscape of Heart Valve Devices Market
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