The global Transcatheter Heart Valve Replacement (TAVR) Market is valued at US$ 5.7 billion in 2022, and it is expected to grow at a 14.8% CAGR over the forecasted years. According to a recent Future Market Insights study, balloon-expandable transcatheter aortic valves will command a market share of approximately 52.5% in 2022.
The report focuses on providing key insights into various market features in the Transcatheter Heart Valve Replacement (TAVI) market, such as demand, product developments, revenue generation, and sales. The study examines market dynamics such as drivers, restraints, opportunities, and challenges, as well as their impact on the market.
The market is expected to grow as a result of ongoing clinical research in TAVR innovations, providing a huge opportunity for market players to enter the market.
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Cardiovascular experts who treat some of the most complex heart conditions using cutting-edge technology and groundbreaking research, such as transcatheter aortic valve replacement (TAVR), lead several comprehensive programmes. TAVR is a new, rapidly evolving therapy that provides patients with the best TAVR technology available.
Advent of Telehealth and Virtual Care to Create Tailwind for the Transcatheter Heart Valve Replacement (TAVI) Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth have gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Transcatheter Heart Valve Replacement (TAVI) market.
Key Transcatheter Heart Valve Replacement (TAVI) Market Takeaways and Projections
- The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2031.
- Germany Transcatheter Heart Valve Replacement (TAVI) market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
Report Benefits & Key Questions Answered
- Transcatheter Heart Valve Replacement (TAVI) Historical Market Outlook:Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Transcatheter Heart Valve Replacement (TAVI) market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
- Transcatheter Heart Valve Replacement (TAVI) Demand-Supply Assessment:The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Transcatheter Heart Valve Replacement (TAVI) market. As per the survey, Transcatheter Heart Valve Replacement (TAVI) sales will project steady growth over the forecast period.
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- Transcatheter Heart Valve Replacement (TAVI) Market Structure Analysis:The report provides detailed information about market the concentration of key players and tier analysis in the Transcatheter Heart Valve Replacement (TAVI) market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Transcatheter Heart Valve Replacement (TAVI) Category & Segment Level Analysis:FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
- Transcatheter Heart Valve Replacement (TAVI) Market Trend Analysis:FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Key Companies Profiled:
- Abbott
- Edwards Lifesciences Corporation
- Medtronic
- Boston Scientific Corporation
- JenaValve Technology, Inc
- Meril Life Sciences
- Sahajanand Medical Technologies Limited
- MicroPort Scientific Corporation
- Venus Medtech (Hangzhou) Inc.
- Suzhou Jiecheng Medical Technology Co. Ltd.
- Peijia Medical Limited.
- Blue Sail Medical Co., Ltd.
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Key Market Segments Covered in the Transcatheter Heart Valve Replacement Industry Research
Product:
- Self – Expandable Transcatheter Aortic Valves
- Balloon-Expandable Transcatheter Aortic Valves
- Mechanically Expanded Transcatheter Aortic Valves
Indication:
- Severe Aortic Valve Stenosis
- Valve-in-Valve Procedures (Failed Bioprosthesis)
- Aortic Regurgitation
End User:
- Hospitals
- Independent Cardiac Catheterization Labs
- Ambulatory Surgical Centres
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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