The latest update of “Global Transcatheter Heart Valve Replacement Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Transcatheter Heart Valve Replacement Market.
Overview of the Transcatheter Heart Valve Replacement Market:
Transcatheter Heart Valve Replacement (TAVR), involves an interventional cardiologist inserting a thin, flexible tube, called a catheter, into the heart through one of several different entry points. These include the groin, chest, and neck. Once inside, the catheter will contain a fold-up replacement valve. Once the procedure is complete, the new valve is secured into place and the old valve is removed. While TAVR is a relatively safe procedure, it does have some complications. After surgery, patients may require follow-up visits to make sure the valve is functioning properly. Once the new valve is installed, follow-ups may be needed every year. Some patients will need to undergo follow-up procedures to ensure that it is performing properly.
Market Drivers:
Growing incidences of valvular heart disease all over the world, as well as rise in the demand for less invasive procedures is expected to augment growth of the global transcatheter heart valve replacement market over the forecast period. According to the Centers for Disease Control and Prevention, around 25,000 people in the U.S. die due to heart valve disease every year, and deaths from valvular heart diseases are mostly caused due to aortic valve disease.
Furthermore, favorable outcomes with transcatheter prosthetic valve implantation, technological developments, shorter recovery time, as well as less stay in the hospitals are also expected to propel growth of the global transcatheter heart valve replacement market over the forecast period.
Market Restraints:
High cost of TAVI, stringent government policies regarding approval of transcatheter aortic valves is expected to hamper growth of the global transcatheter heart valve replacement market over the forecast period.
Regional Insights:
Among regions, Europe is projected to witness robust growth in the global transcatheter heart valve replacement market over the forecast period, owing to the developed healthcare sector, presence of the key players, and technological development across the region. Furthermore, Asia Pacific is also expected to witness strong growth in the market over the forecast period due to increasing cases of aortic stenosis diseases, growing awareness associated with implantation of transcatheter aortic valve, as well as developing healthcare infrastructure in the region.
Competitive Section:
Major players functioning in the global transcather heart valve replacement market are Abbott, Boston Scientific Corporation, Cryolife Inc., LivaNova PLC, Medtronic, Micro Interventional Devices Inc., and Edwards Lifesciences Corporation.
In September 2021, the U.S. Food and Drug Administration (FDA) granted approval to Abbot for its Portico with FlexNav transcather aortic valve replacement (TAVR) system for treating people with aortic valve disease.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Transcatheter Heart Valve Replacement Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Transcatheter Heart Valve Replacement Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Boston Scientific Corporation
- LivaNova PLC
- Micro Interventional Devices Inc.
- Edwards Lifesciences Corporation
- Medtronic
- Cryolife Inc.
- Abbott
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Transcatheter Heart Valve Replacement Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Transcatheter Aortic Valve Replacement (TAVR)
- Transcatheter Mitral Valve Replacement (TMVR)
- Transcatheter Pulmonary Valve Replacement(TPVR)
By Applications, the market is segmented into:
- Hospitals
- Specialty Clinics & Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Transcatheter Heart Valve Replacement Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Transcatheter Heart Valve Replacement Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Transcatheter Heart Valve Replacement Market
1.6.1 How the Covid-19 is Affecting the Transcatheter Heart Valve Replacement Market
1.6.1.1 Transcatheter Heart Valve Replacement Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Transcatheter Heart Valve Replacement Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Transcatheter Heart Valve Replacement Market Perspective (2015-2028)
2.2 Transcatheter Heart Valve Replacement Market Growth Trends by Regions
2.2.1 Transcatheter Heart Valve Replacement Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Transcatheter Heart Valve Replacement Market Historic Market Share by Regions (2015-2021)
2.2.3 Transcatheter Heart Valve Replacement Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Transcatheter Heart Valve Replacement Market Growth Strategy
2.3.6 Primary Interviews with Key Transcatheter Heart Valve Replacement Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Transcatheter Heart Valve Replacement Market Players by Market Size
3.1.1 Global Top Transcatheter Heart Valve Replacement Market Players by Revenue (2015-2021)
3.1.2 Global Transcatheter Heart Valve Replacement Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Transcatheter Heart Valve Replacement Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Transcatheter Heart Valve Replacement Market Concentration Ratio
3.2.1 Global Transcatheter Heart Valve Replacement Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Transcatheter Heart Valve Replacement Market Revenue in 2019
3.3 Transcatheter Heart Valve Replacement Market Key Players Head office and Area Served
3.4 Key Players Transcatheter Heart Valve Replacement Market Product Solution and Service
3.5 Date of entering into Transcatheter Heart Valve Replacement Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Transcatheter Heart Valve Replacement Market Historic Market Size by Type (2015-2021)
4.2 Global Transcatheter Heart Valve Replacement Market Forecasted Market Size by Type (2021-2028)
5 Transcatheter Heart Valve Replacement Market Breakdown Data by Application (2015-2028)
5.1 Global Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
5.2 Global Transcatheter Heart Valve Replacement Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Transcatheter Heart Valve Replacement Market Size (2015-2021)
6.2 Transcatheter Heart Valve Replacement Market Key Players in North America (2019-2021)
6.3 North America Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
6.4 North America Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
7 Europe
7.1 Europe Transcatheter Heart Valve Replacement Market Size (2015-2021)
7.2 Transcatheter Heart Valve Replacement Market Key Players in Europe (2019-2021)
7.3 Europe Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
7.4 Europe Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
8 China
8.1 China Transcatheter Heart Valve Replacement Market Size (2015-2021)
8.2 Transcatheter Heart Valve Replacement Market Key Players in China (2019-2021)
8.3 China Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
8.4 China Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
9 Japan
9.1 Japan Transcatheter Heart Valve Replacement Market Size (2015-2021)
9.2 Transcatheter Heart Valve Replacement Market Key Players in Japan (2019-2021)
9.3 Japan Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
9.4 Japan Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Transcatheter Heart Valve Replacement Market Size (2015-2021)
10.2 Transcatheter Heart Valve Replacement Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
10.4 Southeast Asia Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
11 India
11.1 India Transcatheter Heart Valve Replacement Market Size (2015-2021)
11.2 Transcatheter Heart Valve Replacement Market Key Players in India (2019-2021)
11.3 India Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
11.4 India Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Transcatheter Heart Valve Replacement Market Size (2015-2021)
12.2 Transcatheter Heart Valve Replacement Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Transcatheter Heart Valve Replacement Market Size by Type (2015-2021)
12.4 Central & South America Transcatheter Heart Valve Replacement Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Transcatheter Heart Valve Replacement Market Introduction
13.4 Transcatheter Heart Valve Replacement Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Transcatheter Heart Valve Replacement Market Key Market Segments
Table 2. Key Players Covered: Ranking by Transcatheter Heart Valve Replacement Market Revenue
Table 3. Ranking of Global Top Transcatheter Heart Valve Replacement Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Transcatheter Heart Valve Replacement Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Transcatheter Heart Valve Replacement Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Transcatheter Heart Valve Replacement Market Players to Combat Covid-19 Impact
Table 10. Global Transcatheter Heart Valve Replacement Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Transcatheter Heart Valve Replacement Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Transcatheter Heart Valve Replacement Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Transcatheter Heart Valve Replacement Market Share by Regions (2015-2021)
Table 14. Global Transcatheter Heart Valve Replacement Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Transcatheter Heart Valve Replacement Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Transcatheter Heart Valve Replacement Market Growth Strategy
Table 20. Main Points Interviewed from Key Transcatheter Heart Valve Replacement Market Players
Table 21. Global Transcatheter Heart Valve Replacement Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Transcatheter Heart Valve Replacement Market Share by Players (2015-2021)
Table 23. Global Top Transcatheter Heart Valve Replacement Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Transcatheter Heart Valve Replacement Market as of 2019)
Table 24. Global Transcatheter Heart Valve Replacement Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Transcatheter Heart Valve Replacement Market Product Solution and Service
Table 27. Date of entering into Transcatheter Heart Valve Replacement Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 30. Global Transcatheter Heart Valve Replacement Market Size Share by Type (2015-2021)
Table 31. Global Transcatheter Heart Valve Replacement Market Revenue Market Share by Type (2021-2028)
Table 31. Global Transcatheter Heart Valve Replacement Market Size Share by Application (2015-2021)
Table 33. Global Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 34. Global Transcatheter Heart Valve Replacement Market Size Share by Application (2021-2028)
Table 35. North America Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 37. North America Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 38. North America Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 39. North America Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 40. North America Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 41. Europe Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 43. Europe Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 45. Europe Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 47. China Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 49. China Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 50. China Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 51. China Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 52. China Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 53. Japan Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 55. Japan Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 57. Japan Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 61. Southeast Asia Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 63. Southeast Asia Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 65. India Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 67. India Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 68. India Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 69. India Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 70. India Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Transcatheter Heart Valve Replacement Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Transcatheter Heart Valve Replacement Market Share (2019-2021)
Table 73. Central & South America Transcatheter Heart Valve Replacement Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Transcatheter Heart Valve Replacement Market Share by Type (2015-2021)
Table 75. Central & South America Transcatheter Heart Valve Replacement Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Transcatheter Heart Valve Replacement Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Transcatheter Heart Valve Replacement Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Transcatheter Heart Valve Replacement Market Share by Type: 2021 VS 2028
Figure 2. Global Transcatheter Heart Valve Replacement Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Transcatheter Heart Valve Replacement Market Report Years Considered
Figure 8. Global Transcatheter Heart Valve Replacement Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Transcatheter Heart Valve Replacement Market Share by Regions: 2021 VS 2028
Figure 10. Global Transcatheter Heart Valve Replacement Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Transcatheter Heart Valve Replacement Market Share by Players in 2019
Figure 13. Global Top Transcatheter Heart Valve Replacement Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Transcatheter Heart Valve Replacement Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Transcatheter Heart Valve Replacement Market Revenue in 2019
Figure 15. North America Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Transcatheter Heart Valve Replacement Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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